Business News Leaders

Where to from here for SA's factories?

The manufacturing sector has recorded its 11th month of consecutive declines with output plunging 49.4% year-on-year in April. The slowdown is worse than the contraction experienced during the 2009 global financial crisis. Business Day TV spoke to Executive Director at the Manufacturing Circle Philippa Rodseth for her take on the…

9 Jul 2020 2AM 5 min

Covid-19 forces Emerging Markets to adjust monetary policy

Emerging markets have been hard hit by the coronavirus and in an attempt to deal with the volatility central banks in those territories have embarked on unconventional monetary policies. Business Day TV touched base with Oanda's Craig Erlam for more on the matter.

9 Jul 2020 2AM 3 min

The pandemic of debt

When faced with low growth here in SA the executives at a number of SA REITS looked towards central and eastern Europe and the antipodes for growth and raised foreign currency debt to fuel their expansion. They now lack sufficient equity to absorb the losses from COVID 19 related shutdowns…

8 Jul 2020 2AM 27 min

Is SAA's new business rescue plan ready for takeoff?

SAA’s business rescue practitioners have sweetened the deal for unions. A revised voluntary severance package offer has been accepted by most unions with the promise of retaining an extra 1000 workers on a training layoff scheme to help launch a new airline. Business Day TV spoke to Acting DG in…

8 Jul 2020 2AM 7 min

Why salary cuts may not bode well for tax collections

The annual tax season has been pushed out to September 1. That's as the South African Revenue Service aims to have most tax payers, many of whom may have received pay cuts due to the impact of Covid-19 auto-assessed. Business Day TV spoke to Sars Commissioner, Edward Kieswetter to get…

8 Jul 2020 2AM 6 min

What does the work from home trend mean for the property sector?

The property sector was hard hit by level 5 lockdown and now some analysts are warning that vacancies could continue to rise as more employers opt to have staff work from home. Business Day TV discussed this in detail with Stanlib's property analyst, Ahmed Motara.

8 Jul 2020 2AM 5 min

Pandemic infects municipal finances

The economic ravages of Covid 19 are placing municipal revenues under pressure. Michael Avery speaks to Danga Mughogho – Programmer Manager for Well Governed Cities, Ian Neilson, Executive Deputy Mayor and MMC of Finance in the City of Cape Town, Nkosindiphile Xhakaza, Ekurhuleni MMC for Finance and Economic Development, Krish…

7 Jul 2020 2AM 29 min

Dis-Chem found guilty of price gouging

The Competition Commission has found Dis-Chem guilty of excessive pricing on face masks and ruled that the retailer must pay a fine of R1.2m. Business Day TV spoke to the head of cartels at the Competition Commission Makgale Mohlala for more detail.

7 Jul 2020 2AM 5 min

How Omnia returned to profitability

Omnia is back in the black. The chemicals and fertiliser maker has reported profit after tax of R129m from a loss of R408m previously thanks to its turnaround strategy. Business Day TV spoke to the company’s CEO Seelan Gobalsamy for his take on the numbers and how well it positions…

7 Jul 2020 2AM 6 min

Sarb eases bond buying programme

The SA Reserve Bank eased its bond buying programme in June by taking up R5.1bn in government debt. Business Day Tv touched base with RMB's Michelle Wohlberg for more insight.

7 Jul 2020 2AM 5 min

Ratings agencies cast doubt over spending cuts

Moody’s, Fitch and S&P Global are singing from the same hymn sheet. The ratings agencies are doubtful about finance minister Tito Mboweni’s debt stabilisation plan. S&P Global is the lastest reviewer to add its voice to the growing concern but is also the only ratings agency that has a stable…

6 Jul 2020 2AM 8 min

Has the UIF dropped the ball on TERS funding?

Government’s UIF Covid-19 relief fund has run into various issues. Business Day TV spoke to UIF Commissioner at the Department of Labour Teboho Maruping for a closer look at what is being done to address the issues.​

6 Jul 2020 2AM 8 min

State of ETF industry during covid-19

Exchange traded funds faired well in the first-half of the year and Business Day TV caught up with the MD of etfSA Mike Brown for more detail on what contributed to the performance

6 Jul 2020 2AM 3 min

Why some short-term insurers are not paying for BI interruptions

Short-term insurers who reneged on the offer of business interruption cover have become the tourism and hospitality industry's enemy number one. Their decision to not pay out for business interruption claims caused by Covid 19 has seen one insurer so far, dragged to court by some of its clients. Mike…

6 Jul 2020 2AM 26 min

On the Covid Frontline

This week we go to the frontlines of the search for a Covid 19 vaccine with director of The Vaccines and Infectious Diseases Analytical Unit (Vida) in the faculty of health sciences at Wits, Professor Shabir Madhi. Prof Madhi is leading the South African Ox1Cov-19 Vaccine VIDA-Trial.

3 Jul 2020 2AM 25 min

Construction activity falls to a record low in the first quarter

South Africa’s construction industry is under pressure. Afrimat's index for the sector shows that activity registered a year-on-year decline of 12% for the first quarter. Business Day TV unpacked the print, as well as the industry's outlook with independent economist, Roelof Botha.

3 Jul 2020 2AM 7 min

What role is private equity playing in the Covid-19 storm?

The business landscape has shifted fast due to Covid-19 and companies are having to pivot just as quickly to withstand the new terrain. But, where some businesses are being constrained by fairly priced capital, what role are private equity players playing amidst it all? Business Day TV touched base with…

2 Jul 2020 2AM 5 min

How the Kisby fund plans to help SMEs

The Kisby investment fund is looking to raise as much as R5bn to support small businesses. This comes at a time when SMEs are feeling the pressure given the economic fallout from Covid-19. Business Day TV spoke to the fund 's chair Mark Barnes for more detail.

2 Jul 2020 2AM 8 min

Majority unions at SAA snub severance package offer

More than half of the unions at SAA have agreed to take severance packages but the majority unions are being accused of holding the airline to ransom as they have not given any indication whether they’ll agree to the retrenchment packages on offer. Business Day TV spoke to Christopher Shabangu,…

2 Jul 2020 2AM 5 min

Can s12J help spark an sme recovery?

As Covid-19 causes our fiscal deficit to bulge even further, what role should and could incentives such as Section 12J play in supporting smes through this crisis? Michael Avery speaks toAnil Govind - Executive Director - Innovate Alternative Assets; Jonty Sacks, Jonty Sacks partner of Jaltech; Andrew Wellsted, tax partner…

2 Jul 2020 2AM 26 min