Business News Leaders

RBPlat inks R2.1bn gold streaming deal with Triple Flag

Delivering gold will strengthen Royal Bafokeng Platinum's balance sheet and free up cash. The miner will deliver 70% of its gold production to US investment firm Triple Flag, in a deal worth R2.1 billion. This will be enough to settle its debt with Amplats. Company's CFO, Hanré Rossouw joins Business…

16 Oct 2019 2AM 6 min

Brexit, trade spat fuel global slowdown fears

Geopolitical issues like the trade war and Brexit continue to spur global growth fears, and while we have had optimism filter through from both fronts over the past few days, with somewhat of a positive rhetoric on the trade truce and the possibility of the Brexit deal being reached pretty…

16 Oct 2019 2AM 5 min

Medium-term budget preview

We're two weeks away from the presentation of the medium-term budget policy statement - and it's sure to be closely watched by South Africans, investors and ratings agencies. Joining Business Day TV to discuss some of the expectations for that all in important announcement is Reezwana Sumad, Research Analyst at…

16 Oct 2019 2AM 7 min

Battered EOH determined to cut debt

Technology group, EOH's annual loss has widened as it makes progress on cleaning up the business from a governance and structural perspective. The forensic report by ENS Africa which previously flagged suspicious transactions of R1.2 billion at the company has been modified to R935 million. And EOH has blacklisted and…

15 Oct 2019 2AM 8 min

Why Long4Life withheld its interim dividend

A tough trading environment has been weighing on Long4Life over the past six months. It has reported a 9% earnings drop. But despite, expecting to experience similar challenges in the full year - it says it is eyeing increased market share and earnings growth. Business Day TV touched base with…

14 Oct 2019 2AM 4 min

Grade 9 exit plan: a good idea for the SA's economy?

Since Basic Education Minister Angie Motshekga announced plans to introduce grade nine as one of the formal school exiting points - the idea has been bandied about and while it looks like it may present private education players with a business opportunity, the Minister has argued that it will assist…

14 Oct 2019 2AM 15 min

Adapt IT plans to reduce debt levels

Software company, Adapt IT is targeting reduced debt - that's with after its net gearing ratio having hit 65%. As a result it's witheld its final dividend and joining Business Day TV with some insight on the company's plans going forward is CEO, Sbu Shabalala.

14 Oct 2019 2AM 5 min

Zeder investors could be in for a windfall

Zeder shareholders could be in for a windfall, that's as the company could return up to 4.7 billion rands to its shareholders following the disposal of its stake in Pioneer Foods. The group said that the cash from the transaction will also go towards new acquisitions. Zeder CEO Normal Celliers…

11 Oct 2019 2AM 7 min

Eskom annual report: light at the end of the tunnel?

Eskom has briefed parliament on its annual report and while the absence of load shedding is an indication of the utility's nine-point recovery programme bearing some fruit, it has come to light that the entity's poor financial standing is impacting on efforts to turn the ailing state owned entity around…

10 Oct 2019 2AM 8 min

Equites upbeat about prospects as retailers pursue e-commerce

The JSE's only logistics specialist Equites has reported a 9.3% rise in its interim distribution per share to just over 75 cents - largely driven by strong like-for-like rental growth of 7.3% as well as healthy margins from new developments. And for the full year period the group's eyeing a…

10 Oct 2019 2AM 7 min

China Mobile in talks to buy Cell C, says report

China Mobile has its sights set on financially embattled, Cell C. That's according to a report from IT Web which has suggested that the two are in negotiations, with a deal being imminent. Alastair Jones from New Street Research spoke to Business Day TV for more detail.

9 Oct 2019 2AM 4 min

World Bank cuts Sub-Saharan Africa's growth forecasts

Global uncertainty and the slow pace of domestic reform is weighing on the continent's growth potential. This according to the World Bank's twentieth Africa Pulse report which projects that Africa's growth will rise a percentage point to 2.6% for this year, this is however lower than what the organisation had…

9 Oct 2019 2AM 8 min

Business confidence recovers from 34-year low

The Sacci Business Confidence Index has rebounded from a 34-year low in September, rising by 3.3 index points to 92.4. The boost in sentiment was largely supported by increased merchandise export volumes and new vehicle sales. Business Day TV spoke to Sacci chief economist Richard Downing about the latest print.

9 Oct 2019 2AM 7 min

What role will renewable energy play in SA's electricity generation master plan?

South Africa's revised Integrated Resource Plan will be presented to Cabinet next week. Mineral Resources and Energy Minister, Gwede Mantashe made the announcement at this year's Windaba adding that the plan will make room for all. Ntombifuthi Ntuli, CEO of the SA Wind & Energy Association spoke to Business Day…

8 Oct 2019 2AM 6 min

Why is the magic of unicorns fading?

Over the past few months we've seen the IPO market go from hot to not, with proceeds slowing more than 50% in the third quarter when compared to the prior period. Business Day TV has put into focus the unicorns… the nickname used for startups with private valuations of $1…

7 Oct 2019 2AM 7 min

Altron awarded Microsoft licence

Things are coming together for Altron's plans with Karabina which it acquired just over a year ago. The technology group has been named the Microsoft licensing solution provider in South Africa and will be the software giant's biggest LSP partner in the UK through its subsidiary, Bytes. This license allows…

7 Oct 2019 2AM 7 min

SA's debt-to-GDP could reach 95% by 2024, says IIF

According to a report released by the Institute of International Finance, the country's debt could rise by as high as 95% of the gdp by 2024. That's if the government doesn't restructure Eskom and implement a workable growth plan. For more detail on this Business Day TV spoke to the…

4 Oct 2019 2AM 6 min

Mining stocks - hot or not?

It's been quite a good year for local miners as the rally in iron ore, gold and PGM's boosted earnings and put dividends back on the agenda. However looming labor disputes and the slow demise of gold mining leaves the industry with plenty of challenges. Joining Business Day TV to…

3 Oct 2019 2AM 7 min

Outlook for SA's mining industry

The seventh edition of the Joburg Indaba which brings together mining and resource companies, investors, labour and government to discuss critical industry issues drew to a close today. CEO of the Minerals Council SA Roger Baxter's session focused on the impact of the economy on mining, he spoke to Business…

3 Oct 2019 2AM 8 min

Mergence doubles its stake in Wiese's Brait

Christo Wiese has named former banker, Paul Roelofse as his alternate on the Brait board. Roelofse replaces Wiese's son as the tycoon moves in on plans to restructure the investment company. The broad plan to reduce debt may involve fund raising, cost cutting and asset sales. Business Day TV caught…

3 Oct 2019 2AM 7 min