Business News Leaders

How ready are SA schools to re-open

For parents and teachers across the country the tag line of back to school has never evoked such a mixed array of emotions. The impact of the changes being forced by COVID-19 were best summed up by the minister of basic education, Angie Motshekga, when she said: The virus has…

28 May 2020 2AM 26 min

Should SA continue with lockdown?

South Africa's set to move to lockdown level three next month, amid calls that the re-opening of the economy be fast-tracked. Business Day TV spoke to Martin Kingston from Business for South Africa and Political Analyst, Richard Calland about the economic and political implications of an indefinite lockdown.

28 May 2020 2AM 13 min

How is Covid-19 impacting SA’s clothing industry

Pepkor is bracing for the fallout from Covid-19 and has warned that it will likely hold on to its annual dividend as a result. Business Day TV spoke to Pepkor's CEO Leon Lourens for more on what the business is doing to tackle the tough trading environment. Sactwu’s Etienne Vlok…

27 May 2020 2AM 14 min

Will restaurants survive Covid-19?

South Africa's lockdown restrictions will ease next week to level 3 and while many industries will start-up again, restaurants will not. This has cast some doubt on whether eateries will in fact survive the impact of Covid-19. Business Day TV discussed this in detail with Munira Kharva from Nedbank Corporate…

27 May 2020 2AM 4 min

Famous Brands serves caution, holds on to dividend

Famous Brands is back in the black. The food service franchisor has reported a profit of R426m but has opted to hold on to its full-year dividend in order to preserve cash to buffer the company against the fallout from the coronavirus pandemic. Business Day TV spoke to Darren Hele,…

26 May 2020 2AM 6 min

Covid-19 holds up SA’s land reform process

The coronavirus pandemic has delayed key decisions around the country’s land reform process with public hearings on the matter having to be postponed. Business Day TV spoke to Bulelwa Mabasa, who sat on President Ramaphosa’s Advisory panel on land reform for more on how these delays impact land expropriation without…

26 May 2020 2AM 6 min

SARB's recent actions give local bonds a boost

The reserve bank's latest moves have given government bonds a boost with the R2030 trading firmer. Business Day TV unpacked the bond market action with Michelle Wohlberg from RMB.

26 May 2020 2AM 5 min

What Africa can learn from the Miracle on the Han

South Korea’s experience of rapid economic growth presents a compelling success model for developing countries on the African continent. It’s one of few countries that made the remarkable transition in only three decades from a resource-poor, low-income nation to a high-income economy and now one of the leaders of the…

25 May 2020 2AM 27 min

Secondary listings in a Covid-19 environment

Covid-19 has been a tipping point for some businesses. Firms that were already in a tough position before the pandemic hit have found themselves in a state of distress with many having to delist as a result. So what does environment mean for alternative exchanges? Business Day TV caught up…

25 May 2020 2AM 5 min

Assessing the impact of Covid-19 on SA inc

Covid-19 has had a significant impact on a wide range of industries. In the healthcare sector, Netcare says that lockdown cost it R143m in lost revenue in March and the impact in April is expected to be much worse. Food producer, Tiger Brands has also warned that the worst is…

25 May 2020 2AM 14 min

Why Small Caps Need Boost Post Covid 19

Why does SA’s capital market environment not support small cap listings? The one thing we are going to need to see much more of as we look to rebuild and bounce back from this pandemic is entrepreneurship. Growth companies. And the best way globally to support growth small cap companies…

22 May 2020 2AM 27 min

DJ Black Coffee acquires stake in Gallo Music Investments

Internationally renowned DJ Black Coffee has acquired a stake in Gallo Music Investments (GMI) through his company FlightMode Digital. The Lebashe Group purchased GMI from former owners Tiso Blackstar in March and it now forms part of the news and entertainment business of Arena Holdings.​ Lebashe chair Tshepo Mahloele says…

22 May 2020 2AM 7 min

How the SARB's rate cut will impact consumers

The MPC has slashed interest rates by 50 basis points bringing total cuts for this year to 275 basis points. This is much needed relief for consumers at a time when Spar is warning of 'unprecedented' pressure on shoppers moving forward. Business Day TV spoke to Kevin Lings , Chief…

21 May 2020 2AM 14 min

Afrimat delivers strong full-year results

Afrimat has delivered strong annual numbers reporting an 11.4% rise in revenue and a 48.5% jump in headline earnings per share. This was fuelled by strong iron ore prices, increased production and cost saving measures. Business Day TV caught up with the group's CEO, Andries Van Heerden for further insight…

21 May 2020 2AM 4 min

Retail sales jump 2% year-on-year in February

Retail sales increased in February, rising 2% year-on-year. This was mainly boosted by sales at general dealers and 'all other retailers' which include sporting and second-hand goods. Business Day TV discussed what the data suggests for sales going forward with Reezwana Sumad from Nedbank CIB.

21 May 2020 2AM 5 min

COVID-19: Dis-chem defers dividen

Dis-Chem is hoping caution will prove to be the right medicine. The pharmacy group has decided to defer its annual dividend until it has a better sense of the full impact of Covid-19. In a related industry, the day hospital market is feeling the pinch as elective surgeries have been…

20 May 2020 2AM 14 min

Coronavirus-linked volatility weighs on Ninety One

Following its unbundling from Investec, Ninety One has released its maiden results. The group has reported a 1% decline in annual net flows to just over R132mn, while assets under management fell 7%. Ninety One has pointed to ongoing market volatility as well as a weak global economy as reasons…

20 May 2020 2AM 5 min

How Covid-19 is changing ecommerce trends in SA

Last Thursday government backtracked on its decision to ban large parts of ecommerce and the Covid-19 pandemic lockdown has prompted a surge in e-commerce transactions. According to a recent Nielsen syndicated study on the impact of the lockdown on consumer behaviour in SA, there has been a sharp uptick of…

19 May 2020 2AM 26 min

Alcoholic drinks on ice, industry knock-on effects

Lockdown has been a sobering moment for the liquor industry. Drinks maker Distell has already warned that the ban on liquor sales during the period is likely to result in an 80% plunge in the group's profit. Related industries such us bottling companies are expected to be hard hit as…

19 May 2020 2AM 10 min

Factory production contracts again

South Africa's manufacturing sector remains in the doldrums, with output slipping 2.1% on an annual basis in February. Mining production meanwhile surprised to the upside, as output registered growth of 7%. Business Day TV caught up with RMB's Mpho Molopyane for further analysis on the data, which accounts for output…

19 May 2020 2AM 6 min