Business News Leaders

How Aspen whittled down its debt pile

Aspen's debt pile has been a major concern for investors but the company has managed to address this by reducing its net borrowings over the past 18 months to R35.2bn. Business Day TV caught up with the group's CEO Stephan Saad for a closer look.

10 Sep 2020 2AM 5 min

How Covid-19 weighed on Growthpoint

SA's largest property group Growthpoint has been hard hit by Covid-19, with distributable income per share falling by 16.05% in the year to end-June. Business Day TV spoke to the firm's CEO Norbert Sasse for more insight on the impact of the pandemic on the company's balance sheet.

9 Sep 2020 2AM 8 min

Will business confidence continue to improve?

Business confidence improved in the third quarter, recovering from its worst slump on record in the previous three months, as lockdown restrictions eased. Business Day TV spoke to RMB economist Siobhan Redford about whether the improvement in sentiment can be sustained or not.

9 Sep 2020 2AM 3 min

Covid blows in the Cloud

The Covid-19 pandemic has pushed cloud computing to the front of decision-makers minds, according to the new Cloud in Africa 2020 Report. ​ Michael Avery speaks to Arthur Goldstuck, MD of World Wide Worx; Samir Sehil, Regional Cloud Sales Manager: Middle East, Turkey and Africa , F5; Nick Treurnicht, Customer…

9 Sep 2020 2AM 24 min

How Momentum Metropolitan plans to recover from the impact of Covid-19

Insurance and financial services group Momentum Metropolitan Holdings has opted to hold onto its final dividend as the fallout from Covid-19 has weighed on its operations. Business Day TV caught up with the company's CEO Hillie Meyer to find out how the group plans to recover from the difficult trading…

9 Sep 2020 2AM 6 min

Where to next for SA's economy?

Stats SA has revealed that South Africa's economy shrank by an annualised 51% during the second quarter, the worst quarterly collapse on record. Business Day TV spoke to Maarten Ackerman, Chief Economist at Citadel for his take on the print and if there is any hope for a recovery.

8 Sep 2020 2AM 8 min

What should be done about struggling SOEs?

A number of state-owned entities are failing to implement turnaround plans and have gone back to government to request further funding as Covid-19 weighs on operations. Business Day TV unpacked this in detail with Jones Gondo from Nedbank CIB.

8 Sep 2020 2AM 4 min

Record GDP Plunge

South Africa’s second quarter GDP contracted by a record 51% in the second quarter. The unavoidable fact is SA is in a deep economic crisis. Basic services are under strain, local government has been hollowed out by cadre deployment, corruption is rampant and public debt is a runaway train threatening…

8 Sep 2020 2AM 26 min

Can Shoprite sustain its stellar performance?

It has been a bumper year for Shoprite. The retailer has managed to cut its debt, improve its cash position and gain market share as it produced record sales during its full-year. Business Day TV spoke to Pieter Engelbrecht, CEO of Shoprite for his take on the numbers and whether…

8 Sep 2020 2AM 8 min

Catalysing growth in SA’s economic heartland

Attention will centre on the flatlining South African economy this week ahead of an expected historic contraction on GDP. The speed and depth of the recovery will be influenced to a large extent by the degree to which government embraces business and the efficiencies of the private sector as the…

7 Sep 2020 2AM 3 min

Seriti inches closer to becoming Eskom’s largest coal supplier

Seriti Resources is one step closer to becoming Eskom's largest coal supplier. The Competition Commission has recommended that the Competition Tribunal approve the group's proposed acquisition of South32's SA Energy Coal. Business Day TV caught up with Seriti Resources CEO Mike Teke for more detail.

7 Sep 2020 2AM 7 min

Shareholders lend African Bank a helping hand

After being formed from one of the country’s biggest banking collapses, African Bank’s shareholders are in support of helping the group return to the wholesale funding market with a support package of R8bn. Business Day TV spoke to Gustav Raubenheimer CFO of African Bank for more on what this means…

7 Sep 2020 2AM 3 min

Why Implats can pay dividends again

Impala Platinum has started making dividend payments again after a six-year break. That's as the group produced record annual earnings thanks to higher metal prices. Business Day TV unpacked the results with Nico Muller, CEO of Impala Platinum.

3 Sep 2020 2AM 9 min

Rand brushes off domestic woes

The rand firmed today, advancing against a weaker dollar which shielded the local unit from domestic economic woes. Business Day TV caught up with RMB's Matete Thulare for further insight.

3 Sep 2020 2AM 4 min

Will the impact of Covid-19 weigh on Massmart's turnaround strategy?

Turning Massmart around during the current economic climate is proving to be difficult. The retailer’s half-year loss grew from R832m to R1.2bn as it suffered a double-digit slump in sales and its costs increased due to store closures. Business Day TV spoke to Mitchell Slape, CEO of Massmart to discuss…

27 Aug 2020 2AM 7 min

How Covid-19 weighed on Grindrod

Grindrod says a good performance at some of its terminals boosted the company's half-year trading profit and cash generation, but the Covid-19 pandemic still weighed on profits. Business Day TV unpacked the numbers with Grindrod CEO Andrew Waller.

27 Aug 2020 2AM 5 min

Covid Tech Rally - How long can it last?

Outside of new all-time highs on tech-driven indices, most markets and equity sectors are stalling given an array of low-intensity concerns around global growth. Tech is hogging the headlines. The FANGs hoovering all before them. Tim Cook now has 2 trillion reasons to smile…as Apple became the first US company…

27 Aug 2020 2AM 24 min

What role will small-cap companies play in kick-starting the economy?

Renergen CEO Stefano Marani says small-caps are central to kick-starting South Africa's economy. This due to the strong correlation between business confidence and GDP growth, and between the size of the small cap index relative to the total index compared with unemployment. Business Day TV spoke to Stefano Marani, CEO…

27 Aug 2020 2AM 8 min

Nedbank takes a knock as impairments skyrocket

Preparations for the economic fallout from Covid-19 have led to a 69% drop in Nedbank’s interim earnings. The group took an impairment charge on bad loans of nearly R8bn but the lender is hopeful that bad debts will ease in the next six months. Business Day TV spoke to Mike…

26 Aug 2020 2AM 6 min

How did Stadio weather the Covid-19 storm?

Stadio has reported double-digit growth in student numbers for its half-year as it benefited from a rise in online student enrolments at the height of the coronavirus fuelled lockdown. This however did not translate in its bottom line as write-downs resulted in a loss of R78m. Business Day TV caught…

26 Aug 2020 2AM 7 min