Business News Leaders

The clothing and textile sector are under pressure during Covid-19

The impact of the Covid-19 lockdown on South Africa’s battered clothing and textile sector comes under the spotlight when Business Day TV’s Michael Avery talks to NCRF Executive Director Michael Lawrence, OrganiMark MD Heinrich Schultz and SACTWU Co-ordinator Fachmy Abrahams about how the clothing and textile industry has already been…

7 Apr 2020 2AM 10 min

How property's resilience is tested during Covid-19

Will the tough and tenacious property sector survive the economic fall-out caused by the global Coronavirus Pandemic and the Covid-19 lockdown in South Africa. Not to mention the unprecedented economic ramifications? Business Day TV's Michael Avery speaks to Samuel Seeff, chairman of the Seeff Property Group.

7 Apr 2020 2AM 9 min

Competition Commission investigates price hike claims

The Competition Commission has received over 650 complaints about a spike in pricing on essential products. Business Day TV interrogated these claims with Competition Commissioner, Tembinkosi Bonakele and one of the players in the retail space - Spar's CEO, Graham O'Connor.

6 Apr 2020 2AM 10 min

Fitch downgrades SA further into junk status

The local economy was dealt another blow on Friday when Fitch Ratings downgraded the country further into junk. Yep, just a week after Moody's stripped it of its last remaining investment grade. Fitch has also maintained its negative outlook and expects our economy to contract by 3.8% this year as…

6 Apr 2020 2AM 3 min

Community devastated by impact of Covid-19 on safari lodge

The Covid-19 lockdown and the possible longer term impact on tourism has had a serious effect on the hospitality sector, and game lodges where communities benefit have also been adversely impacted. The Mdluli Safari Lodge is one of the hospitality ventures where Vovid-19 has completely halted bookings, which will have…

6 Apr 2020 2AM 8 min

State of the local aviation sector

The aviation industry is one of the biggest employers across different sectors in the travel and hospitality sectors in SA, so its fair comment to say that airlines on the ground is not a good thing for the economy of every country. Joining me on the line to discuss the…

6 Apr 2020 2AM 10 min

How Covid-19 impacts payroll

The outbreak of COVID-19 is likely to result in large scale disruption of work due to illness, self-isolation or quarantine. The impact on employment may be severe as businesses grapple with the impact of reduced demand, disrupted business operations with a large portion of the workforce unable to present themselves…

6 Apr 2020 2AM 6 min

Retail supply chain innovation during Covid-19

Governments around the world are battling to figure out the right trade response and supply chains to consumers and industries, as the COVID-19 pandemic escalates. Supply chain players have had to be innovative during the first week of lockdown in South Africa, where the battle to get essential goods on…

6 Apr 2020 12AM 27 min

Could the IMF steady SA's trembling boots?

Finance Minister South Africa has signalled that approaching international financial institutions such as the IMF, to help fund COVID-19 health interventions will be considered as a last resort. Business Day TV spoke to Stanlib Chief Economist Kevin Lings and Cannon Asset Managers' Chief Executive Adrian Saville about whether the option…

3 Apr 2020 2AM 10 min

Leadership in the time of the Coronavirus

For years to come, academics, economists, politicians, business experts and professionals will be writing and putting together reports, books and executive summaries of the time in March 2020 when a virus called Covid-19 brought the world to a standstill. Gary Alfonso speaks to well-known professor Nick Binedell of Pretoria University’s…

3 Apr 2020 2AM 14 min

Covid-19 impact on the travel, hospitality industry

Travel restrictions to help curb the coronavirus spread has brought the tourism industry to a near standstill. Business Day TV spoke to Aviation Economist, Joachim Vermooten, Tsogo Sun COO Ravi Nasaden Vikram Mansharamani about what the pandemic means for the sectors that are linked to tourism, like the aviation, hospitality…

2 Apr 2020 2AM 11 min

How companies are introducing extraordinary measures to deal with Covid-19

Five days into the Covid-19 lockdown, different industries are dealing with and introducing extraordinary measures to deal with the economic ramifications of the pandemic. In this programme Gary Alfonso speaks to FirstRand COO Mary Vilakazi on its R100-m donation for medical kits, clothing and supplies. On platinum and PGM fundamentals,…

1 Apr 2020 2AM 28 min

The impact of SA's lockdown on the mining sector

South Africa recently implemented a nationwide lockdown to curb the coronavirus spread, which has seen mining firms curtail production. Business Day TV spoke to Nedbank CIB's Mining Analyst Arnold Van Graan about the mining sector's outlook, with the industry reportedly set to lose up to R1.5 billion per day due…

1 Apr 2020 2AM 4 min

Absa PMI suggests worst is yet to come for manufacturers

The Absa PMI has registered its worst quarterly performance since 2009. It averaged 45.9 index points in the first quarter, down from 47.6 in the final quarter of 2019, and this despite the index having improved in March. The print suggests that the manufacturing sector may be in for worse…

1 Apr 2020 2AM 13 min

How the less fortunate are receiving a lockdown helping hand

An initiative that will raise funds to assist 3000 waste pickers, 3000 car guards and 3000 traffic light waste collectors traders and 1000 homeless people has been launched by the AdReach group. Money generated will be used to provide food parcels and personal hygiene products like sanitisers, soaps, tissues, masks…

31 Mar 2020 2AM 8 min

Did Treasury’s tax proposals for SME’s and workers fall short?

In response to their own Covid-19 fall-outs, countries around the developed world have rolled out extensive fiscal packages to help SME’s and workers weather the Coronavirus storm. In South Africa, there’s a feeling that the recent tax relief proposals from National Treasury, has fallen short of the acceptable mark. Michael…

31 Mar 2020 2AM 7 min

Are Unit Trust investments safe beyond the Coronavirus Pandemic?

Investors are concerned that even collective investments, such as Unit Trusts, may not be safe in the general financial market storm created by the Covid-19 pandemic globally. Gary Alfonso spoke to Financial Mail Associate Editor Stephen Cranston about the state of the Unit Trust sector in week one of the…

31 Mar 2020 2AM 7 min

Mining Sector players weigh in on lockdown and next steps

There’s no doubt that the impact of the lockdown and the Coronavirus Pandemic will be huge on the mining sector. But most industry players agree the safety of the workers are paramount. Equally the potential of Covid 19 to wreak havoc in an industry where workers have a predisposition to…

31 Mar 2020 2AM 28 min

Oil firms on US-Russia talks

Oil prices firmed, amidst reports that the United States and Russia are looking to cooperate on stabilising energy prices. Business Day unpacks the dynamics at play with Craig Erlam, Senior Market analyst at Oanda.

31 Mar 2020 2AM 4 min

Covid-19's impact on SA's labour force

Annual growth in South Africa's formal jobs sector rose marginally in the final quarter of 2019, driven by growth in community services and trade. Business Day TV sat down with a panel of experts to unpack the country's labour force outlook, within the context of the economic pressure South Africa's…

31 Mar 2020 2AM 13 min