Business News Leaders

FED expected to stand pat on rates

The Fed was in focus today and while the expectation is that interest rates in the US will be held steady - plans to slow its asset purchases may well be on the table. Business Day TV spoke to Tsikaro Mapena from Nedbank CIB and he shared his reading of…

29 Jan 2020 1AM 5 min

Tiger Brands post ‘the MacDougall era’

Tiger Brands CEO, Lawrence MacDougall is due to retire. The company's current CFO, Noel Doyle will take the helm next month. MacDougall's tenure is infamous for the listeriosis outbreak which killed over 200 people two years ago. The cloud still hangs over the company, where to from here for Tiger…

29 Jan 2020 1AM 11 min

ANC'S land expropriation plan raises ire of business

The clock is ticking - you've got until Friday to hand in your written submissions commenting on the draft bill on land expropriation. Business has in the meantime added its voice to public comment on the matter raising red flags around the ANC's latest push to become the final arbiter…

28 Jan 2020 1AM 7 min

Development Bank throws SAA a R3.5 billion lifeline

SAA now has funds to stay afloat during its business rescue process. This comes after securing a loan from the Development Bank of South Africa. Business Day's Carol Paton broke the story and she joined Business Day TV on the line with more of the detail.

28 Jan 2020 1AM 5 min

Local bonds rebound from December's decline

While bond yields had been on a decline towards the end of last year... January has seen somewhat of a reversal of that trend - with yields now on the up... the R2030 government bond, for one, moving to 9.075%.... and Michelle Wohlberg from RMB joined Business Day TV for…

28 Jan 2020 1AM 6 min

Is André de Ruyter able to flick the switch at Eskom?

Eskom is faced with debt north of R450 billion, the biggest in the country's corporate history and ratings agencies have termed it the single biggest risk to the South African economy. Business leaders recently called out politicisation as being at the heart of the utility's crisis. A mammoth task lies…

27 Jan 2020 1AM 14 min

Sasol to join A2X via secondary listing

Chemicals group Sasol has confirmed that its planning a secondary listing on the A2X next week, increasing the number of securities available for trade on the exchange to 34. Joining Business Day TV take a look at A2Xs track record is CEO of the A2X Markets, Kevin Brady.

27 Jan 2020 1AM 5 min

53% of Global CEOs eye slower economic growth in 2020 - PwC

More than half of Chief Executives across the world expect a slowdown in global economic growth this year That's according to data from an annual PWC survey unveiled at the World Economic Forum. The high level of pessimism is attributed to over-regulation, rising trade wars, cybersecurity threats and rising negative…

24 Jan 2020 1AM 7 min

Consumer inflation ticks up in December

In line with expectations, inflation ticked up in December largely driven by fuel increases. The print came in at 4% from 3.6% previously. While this is the first uptick in four months, it still remains well below the midpoint of the Sarb's target range of 3-6%. Siobhan Redford, Economist at…

22 Jan 2020 1AM 6 min

Is SA Inc a tough sell at WEF Davos?

The World Economic Forum is underway in Davos. The meeting takes place amid slowing global growth, and while sub-Saharan Africa's growth is expected to outpace, the South African economy is proving to be quite the laggard - with growth here pegged at just 0.8% for this year. So, SA Inc…

22 Jan 2020 1AM 7 min

Retail sector trends for 2020

South African retailers Truworths, TFG and Mr Price may have recorded positive sales growth over the holiday season - but the retail sector is one under pressure - as the low to no growth environment sees consumers tighten their purse strings and focus on their needs, more than their wants…

22 Jan 2020 1AM 6 min

SAA cancels flights to conserve cash

SAA has been forced to cancel a number of domestic and international flights to preserve some cash. This as the struggling airliner waits on government to find the R2-billion it so desperately needs to stay afloat during the business rescue process. Government has said that it's still looking for the…

21 Jan 2020 1AM 7 min

Climate change tops agenda at WEF Davos

The World Economic Forum has kicked off in Davos. This marks the 50th year where global leaders and captains of industry meet in the Swiss mountain town to discuss economic growth, trade, tech regulation and climate change. This year's event takes place under the theme, 'Stakeholders for a Cohesive and…

21 Jan 2020 1AM 7 min

Impact of potential UK trade deals for SA growth

The UK-Africa Investment Summit has kicked off. For the first time, leaders and businesses from African countries are meeting with UK businesses and government to discuss what trade could look like between the parties post Brexit. Leon Ayo, President of the British Chamber of Commerce in SA spoke to Business…

20 Jan 2020 1AM 7 min

2020 Listed Property outlook

South Africa's listed property companies have taken quite the beating, with the REIT sector coming in as the worst performing asset class for a second straight year in 2019. Joining Business Day TV to discuss what lies ahead for the sector this year is Keillen Ndlovu from Stanlib.

20 Jan 2020 1AM 5 min

IMF cuts SA's 2020 growth forecast

Welcome back. The IMF has cut the country’s growth forecast for this year , right through to 2021. Growth is expected to peak at 0.8% this year down from a forecast o 1.1% previously. Montfort Mlachila, the IMF Resident Representative in SA joins us on the line to discuss the…

20 Jan 2020 1AM 6 min

Anglo American launches R7.6 billion Sirius Minerals

Anglo American has made a formal takeover bid of over R7 billion for Sirius Minerals, a miner building a polyhalite operation in the UK to provide fertiliser feedstock to the global market. SP Angel mining analyst, John Meyer shares his analysis of the bid with Business Day TV.

20 Jan 2020 1AM 6 min

SA's jobs bloodbath

South Africa's been rocked by news of mass retrenchments this week. With Telkom being the latest company to announce jobs cuts, after Massmart said its planning on shutting down 34 stores and as Sibanye Stillwater concludes its restructuring process. Joining Business Day TV on the line with his perspective on…

17 Jan 2020 12AM 8 min

Top Stocks for 2020

We might have entered a new decade but listed companies locally, are still being haunted by ghosts of past: tepid growth, policy uncertainty and Eskom blackouts. Despite these tough conditions though there still seems to be some bright spots in the local market. You just have to know where to…

15 Jan 2020 1AM 7 min

Retail sales growth higher than consensus

Analyst expectations of a 0.7% rise in retail sales during Black Friday month has been sharply outpaced. The November print came in at 2.6% year-on-year from 0.4% in October. While this is a marked improvement, it is well below the 4.5% average annualised growth rate recorded during the November seasonal…

15 Jan 2020 1AM 7 min