Business News Leaders

Woolworths’ food sales remain resilient

Food sales continue to be Woolworths' saving grace, ticking up 10.7% during its full-year period. The group's fashion, beauty and home sales fell 10.7% as stores had to close during the lockdown period. Business Day TV spoke to Roy Bagattini, Group CEO of Woolworths for his take on the group's…

17 Sep 2020 2AM 8 min

Has M&A activity recovered from Covid-19?

Global levels of merger and acquisition activity are on the rise after a drop due to Covid-19, according to Herbert Smith Freehills. Business Day TV caught up Rudolph du Plessis, partner at Herbert Smith Freehills to discuss this in more detail.

17 Sep 2020 2AM 4 min

Why should pension funds invest in infrastructure?

The President announced that the Nedlac partners have agreed to an historic economic compact but the details are still to be released but no doubt infrastructure will be a core pillar. A major question mark remains over how these projects will be funded? The old way of building public infrastructure…

17 Sep 2020 2AM 27 min

What's driving global consumer trends?

Consumers are flocking back to restaurants even though the Covid-19 pandemic has hit the economic prospects of many countries and put pressure on disposable income, according to Nedbank Corporate and Investment Banking. Business Day TV discussed this in detail with Nedbank CIB's Munira Kharva.

16 Sep 2020 2AM 3 min

Discovery feels ill effects of Covid-19

Discovery'​s balance sheet is not as healthy as it once was. The unfolding economic impact of Covid-19 has battered the group's annual financial results with full-year profit plummeting 97%. Business Day TV unpacked this in detail with Discovery SA CEO Hylton Kallner.

16 Sep 2020 2AM 8 min

Can Pan African Resources sustain its winning streak?

Pan African Resources has had a stellar year. The gold miner managed to beat its production guidance after ramping up its surface operations. This cushioned the blow of having to close operations due to the Covid-19 lockdown. The increase in output also allowed it to take full advance of the…

16 Sep 2020 2AM 7 min

Big week for central banks

A frequent topic of discussion in markets is whether we’re witnessing the steady “Japanification” of much of the developed world. This will have profound implications for growth, inflation, monetary policy and financial markets in the years ahead. In South Africa, the concern is more about stagflation. Michael Avery speaks to…

16 Sep 2020 2AM 26 min

SA's "last chance saloon"

Today marks exactly six months since the coronavirus was declared a national disaster on March 15. And Friday marked six months since the World Health Organization (WHO) declared the coronavirus a pandemic. Since then, the global economy has slipped into recession and millions have lost their jobs, prompting central banks…

15 Sep 2020 2AM 25 min

How Harmony Gold narrowed its annual loss

Harmony Gold has narrowed its full year loss as a surge in the gold price offset disruptions from Covid-19. Business Day TV spoke to Peter Steenkamp, CEO of Harmony Gold for more detail.

15 Sep 2020 2AM 6 min

How lockdown weighed on Super Group

Super Group experienced tough trading conditions across all its operations during its full-year as lockdown regulations took effect. Business Day TV spoke to the company’s CEO Peter Mountford for more detail on the company’s financial performance during the period.

15 Sep 2020 2AM 6 min

Will the fitness industry recover from the impact of Covid-19

Covid-19 has weighed on many businesses in the fitness sector, and now that gyms are allowed to operate under level 2 how likely is a rebound in that sector? Business Day TV discussed this in detail with RMB's head of retail Debbie Law.

15 Sep 2020 2AM 4 min

Is Naspers management destroying its value

Naspers’ operating assets are producing returns well below the cost of capital (and in fact operating profit has been and remains negative). A significant reason for the discount is that Naspers/Prosus is investing (and re-investing) in value destroying endeavours. Michael Avery speaks to Brian Kantor, an economist and former Chief…

14 Sep 2020 2AM 26 min

Bidvest takes Covid-19 hit

Bidvest has warned that more retrenchments may be necessary as it looks to rightsize the business following a knock from Covid-19. The group previously indicated that 400 job were on the chopping block. Business Day TV spoke to Lindsay Ralphs, CEO of Bidvest for more detail.

14 Sep 2020 2AM 7 min

Will the taxi industry be subsidised?

A R50bn government subsidy may be on the cards for the taxi industry. This comes after the sector rejected government’s R1.14bn Covid-19 relief package because of its attached conditions aimed at formalising the industry. Business Day TV spoke to Johannes Makgatho, Acting DDG of the Department of Transport for more…

14 Sep 2020 2AM 7 min

Are bank stocks ripe for a rebound?

Covid-19 has weighed on local bank stocks, with the financial index down almost 40% year-to-date, but there are signs that sentiment may be turning for the better. Business Day TV touched base with Patrice Rassou from Ashburton Investments for further insight.

14 Sep 2020 2AM 4 min

Covid-19 disruptions weigh on Afrox

Lower sales volumes and higher sourcing costs for Liquefied Petroleum Gas have weighed on Afrox's profits., with interim earnings falling by 31%. Business Day TV unpacked the results in detail with the group's MD Schalk Venter.

11 Sep 2020 2AM 7 min

DA’s Economic Justice policy offers alternative to BEE

The DA’s Economic Justice Policy offers South Africans an alternative route to redress at a time when all South Africans are desperately looking for a way out of the destructive race-based politics of our time and as the battle for ideas heats up around how we grow the economy in…

11 Sep 2020 2AM 27 min

A Markets Masterclass

If you’ve weathered four or five market crashes, you can speak with some authority about financial crises. But what lessons can be learned from a panel of four seasoned professionals who have witnessed multiple historic troughs, and peaks? Is there a specific skill set to react effectively in uncertain times?…

10 Sep 2020 2AM 25 min

How Covid-19 weighed on FirstRand

FirstRand has reported a 38% drop in full-year profits after it increased provisions to cover bad debts by R15.2bn as Covid-19 weighed on the firm’s operations. Business Day TV spoke to the bank’s CEO Alan Pullinger for more insight.

10 Sep 2020 2AM 9 min

Sanlam experiences worst half-year in 100 years

Sanlam says it's experienced its most challenging interim period in its 100 year history. The insurer’s net operational earnings plunged by 39% and the group says it expects economic conditions to deteriorate even further. Business Day TV spoke to Paul Hanratty, CEO of Sanlam for more detail.

10 Sep 2020 2AM 6 min