Business News Leaders

Covid-19 weighs on Murray & Roberts

Murray & Roberts has been hard hit by the fallout from Covid-19. The firm estimates that the pandemic cost it R622m. Business Day TV caught up with the group's chief executive Henry Laas to discuss how the company plans to recover from the challenging period it's come through.

26 Aug 2020 2AM 6 min

Covid and future of financial advice

The fallout from the COVID-19 pandemic creates the need for a new type of financial advisor who can integrate investment portfolios embracing client-facing automation, dynamic modeling and solutions that make risk more transparent. “Clients today care more about risk than reward; the pandemic turned a paradigm on its head. Michael…

26 Aug 2020 2AM 27 min

Why Italtile is eyeing turnaround as lockdown eases​

The hard lockdown hit Italtile’s revenue in April but the bathroom-ware group has reported double-digit sales in June through August and expects even better growth moving forward. Business Day TV spoke to Jan Potgieter, CEO of Italtile for his take on the current climate and its impact on the group’s…

25 Aug 2020 2AM 8 min

How Covid-19 weighs on Imperial's performance​

Covid-19 has weighed on Imperial's full year performance, costing the group about R4bn in revenue and R1bn in operating profit. Business Day TV unpacked the results in detail with company CEO, Mohammed Akoojee.

25 Aug 2020 2AM 3 min

Why Master Drilling is expecting a bumpy second-half

Master Drilling is in for what it's called a 'bumpy ride' as the group expects difficult trading condition during the second-half. Business Day TV spoke to Andre van Denventer, CFO of Master Drilling for his take on how the group plans to navigate the challenges that lie ahead.

25 Aug 2020 2AM 6 min

Why Tower Property's annual revenue has dropped by 16%

Tower Property Fund has reported a 16% drop in annual revenue. The firm, which has assets in South Africa and Croatia, says the Covid-19 pandemic has created unprecedented challenges, and has added to the pressures facing its tenants. Business Day TV spoke to CEO Marc Edwards for more insight.

21 Aug 2020 2AM 6 min

Gold Fields CEO to retire

Gold Field's CEO Nick Holland has reached retirement age and will be stepping down from the position in 2021, but his last year will be a busy one particularly as the group expects to continue to benefit from a higher gold price. Business Day TV spoke to Holland about the…

20 Aug 2020 2AM 6 min

Standard Bank reports plunge in earnings as credit impairments rise

Standard Bank is feeling the impact of Covid-19. The lender's half-year headline earnings plunged 44% as credit impairments grew and looking ahead, more provisions are expected in this regard. Business Day TV spoke to Sim Tshabalala, CEO of Standard Bank for his take on the performance.

20 Aug 2020 2AM 8 min

KAP Industrial optimistic about its prospects

Despite Covid-19 weighing on KAP Industrial's annual earnings, the group remains optimistic about its future prospects saying that it's seeing improved demand for its products as lockdown restrictions are being lifted. The firm's CEO Gary Chaplin spoke to Business Day TV about the numbers in greater detail.

20 Aug 2020 2AM 3 min

Digital regulation not fit for purpose

Much like a microcosm of our socio-economic context, the Artificial Intelligence (AI) landscape in South Africa is uneven and burdened with regulatory challenges. If not addressed, these challenges could give more power to those who already control AI systems, evoking concerns about power dynamics and how the role of humans…

20 Aug 2020 2AM 26 min

Investec's success story

Investec was founded as a small leasing and financing company 46 years ago, in 1974 in Johannesburg, by Larry Nestadt, Errol Grolman and Ian Kantor. It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard,…

19 Aug 2020 2AM 27 min

Will Tsogo Sun Hotels recover after lockdown?

Tsogo Sun Hotels has welcomed the decision to ease South Africa's lockdown restrictions to level two but what kind of recovery is expected? To find out, Business Day TV caught up with the group's CEO Marcel von Aulock.

19 Aug 2020 2AM 6 min

What caused Metair to report an interim loss

Metair has swung to an interim loss of over R215m largely because the company had to write down its 25% stake in German battery maker Akkumulatorenfabrik Moll. The group was also impacted by the Covid-19 lockdown which forced it to close factories. Business Day TV spoke to Metair's CEO Theo…

19 Aug 2020 2AM 6 min

Denel's financial troubles continue​

State arms firm Denel has posted an annual loss of R1.7bn due to a fall in revenue, according to the Department of Public Enterprises. Business Day TV discussed the firms financial woes with Jones Gondo from Nedbank CIB

19 Aug 2020 2AM 5 min

Is the sun setting on South Africa's platinum industry?

South African platinum producers have over the past decade cut spending on mines responsible for 75% of global platinum supply. The covid-19 pandemic has accelerated the trend as demand for catalytic converters used in electric vehicles wanes. Business Day TV touched base with Henk de Hoop from RMB for more…

18 Aug 2020 2AM 5 min

FITA to persist with court action against tobacco ban

For the first time in four months, tobacco sales are allowed as lockdown restrictions have been eased but the Fair-Trade Independent Tobacco Association (FITA) is not willing to smoke a peace pipe with government over the prohibition over the last few months and it says it will continue to pursue…

18 Aug 2020 2AM 5 min

Tiger Brands sells listeriosis-linked meat processing unit

Tiger Brands has found buyers for its listeriosis-linked meat processing business saying the deals will fetch 'a good price'. Molare will buy the abattoir unit while the meat processing factories in Germiston, Polokwane and Pretoria will be acquired by Silver Blade. Tiger Brand's CEO Noel Doyle discussed the merits of…

18 Aug 2020 2AM 7 min

The Politics of Pandemic

As the country enters level 2 of the lockdown that doesn’t want to end, the assessments are being carefully weighed, and debated about the approach we have taken in the face of an economy that has been bent beyond recognition. Has the ANC’s corruption addiction tipped the scales? Where were…

18 Aug 2020 2AM 26 min

Remembering Marikana

Sibanye-Stillwater has joined other organisations in commemorating the 8th anniversary of the Marikana massacre by hosting a memorial lecture highlighting the importance of developing and maintaining good relationships with all stakeholders, especially communities. Business Day TV discussed this in detail with Sibanye-Stillwater's CEO, Neal Froneman.

14 Aug 2020 2AM 7 min

When will SA's mining sector recover?

Mining production declined 28.2% year-on-year in June, according to Stats SA data. This follows a revised contraction of 27.6% in May. Economists believe that the industry's recovery is likely to continue to face challenges - not least from the return of loadshedding. Business Day TV spoke to Peter Major from…

13 Aug 2020 2AM 6 min