Business News Leaders

Capital ideas to deal with Covid economic fallout

Prof Brian Kantor, an economist and former Chief Investment Strategist of Investec Wealth & Investment SA, talks about what the urgency of reforming the R200bn Covid loan guarantee scheme and what the Reserve Bank should be doing to support an economic recovery from the pandemic.

1 Jul 2020 2AM 26 min

Steinhoff continues to battles accounting scandal fallout

Embattled retailer Steinhoff is yet to fully recover from its accounting scandal that cam to light nearly three years ago. Business Day TV spoke to the company’s CFO Theodore De Klerk for more detail on the group's turnaround strategy

1 Jul 2020 2AM 6 min

Absa PMI ticks up as lockdown eases

South Africa's manufacturing activity picked up in June thanks to the easing of lockdown restrictions. During the month, the Absa PMI ticked up to 53.9 index points from 50.2 previously. Business Day TV spoke to Absa senior economist Miyelani Maluleke for his analysis of the data and what it suggests…

1 Jul 2020 2AM 7 min

Commodities to keep an eye on in the second half of 2020

Covid-19 has dealt a massive blow to the demand for commodities as global growth has waned. Business Day TV touched base with Arnold Van Graan from Nedbank CIB for an outlook on the market as we kick off the second half of the year.

1 Jul 2020 2AM 4 min

Barloworld reports interim loss as Covid-19 weighs

Barloworld has swung to an interim loss of R1.5bn as the group battled impairments and trade restrictions due to COVID-19. In a bid to save costs moving forward, the company will embark on job cuts. Business Day TV spoke to Dominic Sewela, CEO of Barloworld for his take on the…

30 Jun 2020 2AM 6 min

SA economy sinks deeper into recession

South Africa has slipped further into recession with the economy contracting 2% in the first quarter. Business Day TV spoke to Citadel's chief economist Maarten Ackerman for his take on the economy given that the latest print doesn't reflect the impact of Covid-19.

30 Jun 2020 2AM 8 min

Vukile changes dividend policy

Vukile Property Fund, which owns malls in SA and Spain, said it is unlikely to make an interim dividend payment in its 2021 year. It's also changed its dividend policy to preserve cash amid the Covid-19 pandemic. Business Day TV caught up with the group's CEO Laurence Rapp for more…

30 Jun 2020 2AM 5 min

The changing nature of supply chains

One of the most critical questions to answer if one wants to start understanding what a post covid world will look like is how COVID-19 is impacting supply chains and value chains within multinational enterprises (MNEs). Business Day TV's Michael Avery speaks to ​supply chain expert MJ Schoemaker; Duane Newman,…

30 Jun 2020 2AM 24 min

SME lockdown exit strategies

We all know the situation for smes is dire. We know the stats, we’ve read the surveys. That’s not news. As several restaurants and hair salons and many other smaller businesses head back to work this week, the question is what is being done about it and what you can…

29 Jun 2020 8AM 26 min

How Basil Read expects to get back on its feet

Construction group Basil Read expects to emerge from voluntary business rescue after following the process for over two years. Business Day TV spoke to the company’s CEO Kathushelo Mapasa about his expectations for the firm moving forward.

29 Jun 2020 2AM 8 min

What do milk prices across Africa reveal about currencies?​

Similar to the Big Mac index, RMB has a Milk Index and it determines which African currencies are undervalued, overvalued or fair valued. The latest data shows that the rand and Egyptian pound stand out among African currencies as trading close to fair value. Business Day TV touched base with…

29 Jun 2020 2AM 4 min

On the Covid Frontline

South Africa has crossed 100,000 infections and 2000 Covid deaths this week. Business Day TV's Michael Avery speaks to Dr Sandile Kubheka, who at the tender age of 20, became South Africa’s youngest Dr when he qualified seven years ago. Dr Kubheka shares his insights from the frontlines of the…

26 Jun 2020 9AM 23 min

Climate-conflicted directors reappointed to Standard Bank's board

Just Share's calls for climate-conflicted linked Standard Bank directors to be voted out have fallen on deaf ears. That's as the directors that came under fire were reappointed at the bank's AGM today. Business Day TV caught up with Just Share's executive director Tracey Davies for some insight on the…

26 Jun 2020 2AM 8 min

Covid-19 throws a spanner in the works for the steel industry

Covid-19 has thrown a spanner in the works for the ailing steel and engineering industry and even though a steel master plan is in process, the likelihood of the sector showing a turnaround in the short to medium term is slim. Business Day TV spoke to Michael Ade, Chief Economist…

25 Jun 2020 2AM 8 min

Where will Mboweni find the money?

All eyes on Finance Minister Tito Mboweni’s dying aloe ferox. The rand is holding steady ahead of the key budget revision. The first emergency budget in the country’s fiscal history. To preview this decisive moment Business Day TV's Michael Avery spoke to Dr Miriam Altman, Director of Altman Advisory and…

24 Jun 2020 9AM 26 min

Dissecting Mboweni’s emergency budget

Finance Minister Tito Mbwoeni has presented his emergency budget and has laid bare the country’s tough fiscal position. Debt levels are set to rise and borrowing from financial institutions will become the order of the day. Business Day TV spoke to Kevin Lings, Chief Economist at Stanlib and Busi Mavuso,…

24 Jun 2020 2AM 13 min

CPI falls to lowest level in nearly 15-years

South Africa's inflation rate fell to 3% in April from 4.1% in March. This is the lowest reading in almost 15 years as the country went into its most severe period of lockdown when only essential goods and services were available. Business Day TV discussed the print in detail with…

24 Jun 2020 2AM 3 min

Why African Bank slipped into the red

African Bank has slipped into a loss in its half year to end-March. That's as the lender had to make adjustments to accommodate the impact of Covid-19. Business Day TV caught up with CEO Basani Maluleke for more detail

24 Jun 2020 2AM 5 min

How do we tackle youth unemployment in SA?

The unemployment rate has hit an unprecedented high of 30.1% in the first quarter with nearly 9 million of the country’s youth sitting without jobs. In 2018, President Ramaphosa promised to tackle youth unemployment via his YES Program but Covid-19 has thrown a spanner in the works. Business Day TV…

23 Jun 2020 2AM 7 min

How Absa is responding to the coronavirus pandemic

Absa has warned of a massive decline in earnings and a potential doubling in credit impairments due to Covid-19 but the bank is trying to minimise the impact of the virus on consumers. Business Day TV spoke to the company’s CEO Daniel Mminele for detail.

23 Jun 2020 2AM 6 min