Business News Leaders

Rand extends gains as easing lockdowns abroad lifts sentiment

Growing optimism around the easing of lockdown measures and the reopening of economies, lifted global market sentiment, and that has filtered through to the local unit. Business Day TV spoke to RMB's John Cairns for more insight regarding the dynamics at play.

5 May 2020 2AM 9 min

Redefine swings into H1 loss, property sector outlook dire

Impairments of close to R6bn have pushed Redefine Properties into the red. That's as the diversified landlord has had to deal with international market volatility and a slowing local economy. The group's distributable income has taken a 32% knock and no dividend has been declared due to uncertainty around Covid-19…

4 May 2020 2AM 13 min

Level 5 lockdown weighs on SA Inc.

Absa's recent PMI print, along with new vehicle sales data for April have offered insight regarding the impact of South Africa's lockdown measures on the economy, and it paints a gloomy picture. Business Day TV spoke to Citadel's Chief Economist, Maarten Ackerman for his view on the current state of…

4 May 2020 2AM 5 min

Is the automotive industry stuck in 1st gear?

Covid 19 has slammed the brakes on the vehicle industry. Business TV's Michael Avery talks to Peter Mountford, the CEO of Super Group about the current issues facing dealerships and automotive manufacturers in South Africa relating to COVID-19.

4 May 2020 2AM 7 min

SA returning to work

For over a month now the economy has been in an induced coma. Co-operative governance & traditional affairs minister Nkosazana Dlamini-Zuma on Wednesday briefed the country on the final regulations for level 4. To talk about how we get the country back to work safely. Business Day TV talks to…

30 Apr 2020 2AM 29 min

Rating SA during the COVID-19 pandemic

S&P Global has downgraded South Africa deeper into junk status. The rating agency now has the country at two rungs below investment grade, due fears around COVID-19 and its impact on the economy. Fitch on the other hand as downgraded five of our local banks. Business Day TV spoke to…

30 Apr 2020 2AM 12 min

Workers Day — Will SAA employees run out of runway?

SAA employees face a looming deadline to choose between the business rescue practitioners’ proposed retrenchment package or a deal agreed to, in principle, with Minister Gordhan and unions. Business Day TV spoke to Aviation Analyst, Linden Birns, Christopher Shabangu, Deputy President of the SA Cabin Crew Association and Spokesperson for…

29 Apr 2020 2AM 14 min

Covid-19 lockdowns weigh on US economy

During the first quarter the US economy suffered its most severe contraction in more than a decade as the country introduced lockdowns to slow the spread of COVID-19 pandemic. Business Day TV analysed the GDP print with Ian Shepherdson from Pantheon Macroeconomics.

29 Apr 2020 2AM 4 min

Covid-19: Has construction hit a dead end?

Some construction and related services will commence on Friday when South Africa eases into level four of the lockdown. The sector was already hard hit pre COVID-19 and while there is an infrastructure fund available to assist, where does it all leave the industry? Business Day TV spoke to Raubex…

28 Apr 2020 2AM 9 min

Do bond yields pose attractive investment opportunities?

Local bond yields are looking attractive but investors are wary, with high yields reflective of the current structural problems. Business Day TV spoke to Michelle Wohlberg from RMB for further insight on the movements at play.

28 Apr 2020 2AM 5 min

Has the lockdown dealt a blow on the short-term insurance sector?

Insurance is all about managing risk. Covid 19 has introduced a whole new level of risk into the equation with factors like job security to simply driving less. Business Day TV spoke to Anton Ossip, CEO of Discovery Insure and Tim Smit, from Cliffe Dekker Hofmeyr for more insight.

24 Apr 2020 2AM 10 min

How Covid-19 is giving Clicks a boost

Covid-19 has given Clicks a boost, as the retailer experienced unprecedented sales demand for hygiene and healthcare products following the announcement of the national lockdown. As a result, health and beauty sales during its half-year grew 9.6% while turnover came in at a similar margin. BDTV spoke to Clicks CEO…

23 Apr 2020 12AM 14 min

PSG cuts total dividend by 47.5%

PSG's diverse range of investments has given it a boost, helping it deliver an 18% rise in annual recurring headline earnings per share. Despite the growth on that end, it's decided to cut its total dividend by close to 48%. Business Day TV spoke to CEO Piet Mouton.

23 Apr 2020 12AM 5 min

Unloading Ramaphosa’s R500bn bazooka

President Ramaphosa has announced a historic R500 billion social and economic support package , roughly equating to 10% of the country’s GDP. Business Day TV spoke to Trudi Makhaya, Economic Advisor to President Cyril Ramaphosa, and Isaah Mhlanga, Executive Chief Economist at Alexander Forbes for their analysis of the package…

22 Apr 2020 2AM 13 min

Holy smokes, tobacco industry remains locked down

The tobacco industry has labelled President Ramaphosa’s ban on cigarettes as draconian in nature. Industry players are challenging the legality of the ban in court. Business Day TV spoke to Johnny Moloto, Head of External Affairs at British American Tobacco SA and Asanda Gcoyi, CEO of the Vapour Products Association…

21 Apr 2020 2AM 12 min

US oil goes into negative territory amid storage shortage

Oil futures have taken a sub zero dive, as concerns that the US will run out of storage pushed prices over the edge. The OPEC+ cuts announced so far, have not managed to offer the scenario much support, and Business Day caught up with RMB's John Cairns for more insight…

21 Apr 2020 2AM 4 min

SME retailers feeling the heat after 1 month of lockdown

The pressure is on for retailers in the SME space, and many companies unable to earn any income this past month have reported an inability to pay their monthly bills and their staff. Gary Alfonso speaks to Pavlo Phitidis, the CEO or Aurik Business Accelerator, about how SME’s are approaching…

21 Apr 2020 2AM 12 min

Will poverty and job losses cause more damage than Covid-19 in SA

Many commentators are saying South Africa simply does not have the economic depth – especially after the years of corruption and plunder under previous administrations – to come out healthy on the other side of the Covid-19 pandemic. But Dawie Roodt, Chief Economist at the Efficient Group, says the poverty,…

21 Apr 2020 2AM 13 min

Indlulamithi 2030 scenarios and the COVID-19 curve-ball

In 2018, stakeholders from various industries and walks of life met to conduct research into what it would take to achieve a socially cohesive South Africa by 2030. The research resulted in three possible scenarios, Nayi le walk, Gwara Gwara and Isibhujwa. Business Day TV spoke to Lumkile Mondi, Senior…

20 Apr 2020 2AM 14 min

How is Covid-19 impacting on construction sector

A sluggish economy, a decline in government spending and late payment of contractors by the state are just some of the factors that have been weighing on the local construction sector. Things don't seem to be looking up as the lockdown forced many businesses to temporarily shutdown. With an extended…

20 Apr 2020 2AM 4 min