Business News Leaders

Business morale crashes to record low in the second quarter

Business confidence slumped in the second quarter, with the RMB/BER morale indicator at its lowest level on record. That's as South Africa’s already weak economy grappled with the unprecedented shock of the coronavirus. Business Day TV caught up with the RMB's chief economist Ettienne le Roux, for more detail.

10 Jun 2020 2AM 5 min

Multichoice declares R2.5bn maiden dividend

The spinoff from Naspers has created a new era for Multichoice. As a stand-alone company, the pay-TV operator has realised its first annual profit and declared a maiden dividend of nearly R3 billion. Business Day TV spoke to company’s CEO Calvo Mawela ,for his take on the performance.

10 Jun 2020 2AM 6 min

Sygnia warns of tough next few months

Sygnia's delivered a solid half-year performance. Revenue jumped over 34%, while headline earnings doubled. But the financial services group is warning of tough times ahead, and Business Day TV spoke to CEO Magda Wierzycka for greater perspective on how Sygnia's positioning itself to weather the anticipated storm.

10 Jun 2020 2AM 6 min

Former Public Protector challenges lockdown rules

Thuli Madonsela’s open letter to President Ramaphosa has gone viral, with the former Public Protector challenging the government’s lockdown rules. Business Day TV spoke to Thuli Madonsela for greater perspective regarding that communication.

9 Jun 2020 2AM 14 min

How the property sector is benefitting from easing lockdown rules

Things could be looking up in the property sector. That's as the South African listed property index climbed more than 20% in a week after the government eased lockdown restrictions. Business Day TV caught up with Nedbank Corporate and Investment Banking's Ridwaan Loonat with his take on whether the current…

9 Jun 2020 2AM 4 min

The roads not taken: SA's 4 economic scenarios

Uncertainty around Covid-19 still holds many economies around the globe hostage. In the meantime, various outcomes are being explored by different analysts and researchers. One such researcher, Miriam Altman who is a Commissioner in the National Planning Commission of the SA Presidency spoke to Business Day TV about her four…

8 Jun 2020 2AM 8 min

Will air travel take off post Covid-19?

Under level three lockdown, the airline industry only allows domestic flights for business travel. A slow recovery is expected in the sector as it was already in distress before Covid-19 hit. Business Day TV spoke to Elmar Conradie, CEO of low cost airline, Safair for his outlook on the industry…

8 Jun 2020 2AM 5 min

Alexander Forbes declares special dividend

Alexander Forbes says it will be able to weather the Covid-19 storm, and so it's declared a special dividend of 50c per share. This follows the sale of its short-term insurance business to Momentum Metropolitan Holdings where it received R861m in profit. Business Day TV unpacked the group's annual numbers…

8 Jun 2020 2AM 4 min

Can salary cuts save more jobs?

Treasury has warned of a jobs bloodbath. That’s as it expects the jobless rate to surge by up to 50% due to the economic fallout from the coronavirus pandemic. Momentum, however, says this can be avoided as it proposes salary cuts instead of retrenchments. Business Day TV touched base with…

5 Jun 2020 2AM 7 min

Health of the mining sector amid Covid-19

More than 500 miners have tested positive for the coronavirus and as cases spike, some miners have been forced to close shop in order to contain the spread of the pandemic. Business Day TV spoke to Thutula Balfour, Head of Health at the Minerals Council SA for greater perspective on…

4 Jun 2020 2AM 15 min

Low growth environment weighs on small cap stock

Small cap stocks have been battered with the index losing close to 23% year to date and now with the challenges presented by Covid-19, will these stocks be able to weather the storm? Business Day TV touched base with Nedbank CIB's Avinash Kalkapersad and he shared his view.

4 Jun 2020 2AM 5 min

Is the oil collapse really over?

The oil price hit a three month high today with some suggesting that this may be a sign that the oil price collapse is over. Business Day TV spoke to Ed Moya from Oanda, for his take on the situation.

3 Jun 2020 2AM 5 min

Should SA be taking advantage of a low oil price?

The oil price has been hard hit by the coronavirus pandemic and some have suggested that SA should use this to the country's advantage and bulk up its stock piles. Business Day TV caught up with newly appointed Chair of the Strategic Fuel Fund, Nelisiwe Magubane to discuss this further.

3 Jun 2020 2AM 6 min

How has Covid-19 impacted soft commodities

The soft commodities market was hard hit by covid-19 but while governments around the world begin to relax lockdown rules, the sector now has to deal with the fallout from the rising tensions between the US and China. Business Day TV touched base with Rabobank's Carlos Mera to discuss the…

3 Jun 2020 2AM 4 min

What are Government's Covid-19 post lockdown regulations

As the lockdown in South Africa is eased and businesses start to re-open, ensuring the health and safety of employees and members of the public will be of paramount importance. Government has introduced various regulatory measures with the hope of achieving this goal, many of which have important implications for…

2 Jun 2020 2AM 26 min

Govt faces mounting legal action over lockdown rules

South Africa's lockdown restrictions have eased to alert level three but various regulations have come under scrutiny, particularly the ban on tobacco sales. British American Tobacco SA (BATSA) and the Fair Trade Independent Tobacco Association (FITA) are pursuing legal action against government for the decision. Business Day TV spoke to…

2 Jun 2020 2AM 12 min

Rand rallies in May

The rand has recovered from April’s record low, strengthening by 5.6% in May, which marks its first monthly advance this year. Business Day TV spoke to RMB's Matete Thulare to discuss the factors driving activity in the currency market.

2 Jun 2020 2AM 5 min

The politics behind lockdown

South Africa's lockdown restrictions have eased to level three but not everyone is in agreement with what governments says is allowed and what isn't. The continued ban on tobacco sales has been a particular sticking point with critics saying that a lot of the restrictions being put forward are political…

1 Jun 2020 2AM 7 min

Factory activity improves in May

The Absa PMI rose above 50 for the first time in 10 months in May. That's as some lockdown restrictions aimed at curbing the spread of the coronavirus were eased. Business Day TV unpacked the print with Absa economist Miyelani Maluleke.

1 Jun 2020 2AM 5 min

Weak economic environment and impairment costs weigh on Nampak

The coronavirus and falling oil prices has weighed on Nampak forcing the company to write down its Nigerian and Angolan businesses by R3bn. Business Day TV unpacked the results with CEO Erik Smuts.

1 Jun 2020 2AM 8 min