Business News Leaders
Interviews with top CEOs and leaders shaping today's news stories alongside all the latest news that is impacting the markets, business and investments around the world.
14
JUN
12pm
What was the outcome of the Absa investment management conference.
Absa held its annual investment management conference today under the theme, ''Who moved my growth?'. Fitting after the first quarter showed a GDP contraction of 2.2%. Still, even with key industries like mining, manufacturing and agriculture not delivering much needed growth - National Treasury, the World Bank and the IMF expect the country to grow by 1.5% or more for this year. Now, globally there has been a shift from traditional growth sources to finding growth in a world that is changing rapidly socially, demographically and technologically. So where exactly will South Africa's growth being expected to come from? Tsitsi Hatendi-Matika from Absa joins us for a closer look at the potential avenues.
14
JUN
12pm
SA mining production drop 4.3% year-on-year in April
South Africa's mining production continued its slide in April. Output decreased by 4.3% year-on-year with the largest negative contributors being the platinum group metals with a slide of 6.5% while other metallic minerals dropped 36.3%, diamond and gold production fell 24% and gold nearly 6%. Mining production weighed negatively on first quarter GDP, this is a second consecutive month of losses. Jason Muscat, Senior Economic Analyst at FNB joined Business Day TV to discuss this print and its indications about the future of the industry.
14
JUN
12pm
NERSA to allow Eskom further increase in 2018
The National Energy Regulator has given Eskom the green light to claw back more than 32 billion rand by hiking tariffs. This is to cover incurred by the utility over the past 3 years but it is only half of what Eskom had initially asked for. Nersa’s Nomfundo Maseti joined Business Day TV on the line to discuss how this figure was determined is
13
JUN
12pm
Strong rand takes shine off Peregrine earnings
A strong rand has taken some of the gloss off financial services group Peregrine's FY numbers. That's with almost every business in the group benefitting from a weaker rand, with 42% of the group's operating earnings now emanating directly from offshore entities. So, while Group headline earnings rose 6% to R504m and headline earnings per ordinary share was up 4% to 238.5c - adjusting for the effect of the stronger rand, headline earnings at an attributable operating level would have grown by 13%. Robert Katz, Group CEO joined us in studio.
13
JUN
12pm
Business confidence retreats Q2
The second quarter RMB/BER Business Confidence Index has fallen by 6-points to 39 after an 11-point 'Ramaphoria' surge in the first quarter. This as the reality of subdued economic activity kicks in, business activity is worsening in some sectors, policy uncertainty around the country's land question persists, oil prices are on the rise and the global economic uptick is waning but despite this, RMB maintains that the trend in business confidence remains upwards even if it's just tentative. Isaah Mhlanga, Economist at RMB joined us to discuss the index and its expectations in greater detail.
12
JUN
12pm
European union: an 'empire' crumbling?
Mobile giant, Vodacom is embarking on a R17.5 billion empowerment deal which will replace the current BEE deal which unwinds in October. This deal will give existing BEE partner, YeboYethu shareholders a more direct holding in Vodacom. The company says that the new transaction includes the newly formed employee share ownership scheme and will take its BEE shareholding to 20% of the group. Shameel Joosub, CEO of Vodacom joined us to discuss the rationale behind what they call the biggest ever empowerment deal in the country's ICT sector.
12
JUN
12pm
Num & Numsa ready for 1-day strike at Eskom
Unions, NUM and Numsa will embark on strike action at Eskom to try force the power utility to increase wages by 15% across the board along with a housing allowance increase to R2000 but cash strapped Eskom is sticking to it's stance of zero increases and no bonuses for this financial year. The planned action is illegal given that Eskom has been declared an essential service provider. David Sipunzi, General Secretary of NUM joined Business Day TV to discuss the rationale behind their demands.
11
JUN
12pm
Alexander Forbes FY HEPS down 16.8%
Alexander Forbes reported a 16.8% decline in FY HEPS of 44.4 cents per share. This, despite a five percent growth in operating income net of direct expenses to R3.6 billion, with strong top-line performance across key growth business segments. CEO Andrew Darfoor joins Business Day TV to discuss their latest result in detail
11
JUN
12pm
Vodacom unveils new R17.5BN empowerment deal
Mobile giant, Vodacom is embarking on a R17.5 billion empowerment deal which will replace the current BEE deal which unwinds in October. This deal will give existing BEE partner, YeboYethu shareholders a more direct holding in Vodacom. The company says that the new transaction includes the newly formed employee share ownership scheme and will take its BEE shareholding to 20% of the group. Shameel Joosub, CEO of Vodacom joined us to discuss the rationale behind what they call the biggest ever empowerment deal in the country's ICT sector.
08
JUN
12pm
The economy's in the toilet and we're all going to die
The economy's in the toilet and we're all going to die! But hey, it's Friday, the weekend rolls on and this is the week that was. I'm Giulietta Talevi, my co host is Simon Brown and joining us as we wander, wailing, through the debris is Sasfin securities' David Shapiro.
07
JUN
12pm
April manufacturing output up 1.1% Y/Y
Manufacturing production increased 1.1% year-on-year in April, on a month-on-month basis however, factory production shrunk 0.6%. This print comes after the manufacturing decreased by contributed -0.8% of a percentage point to GDP which contracted by 2.2%. Dawie Roodt, Chief Economist of the Efficient Group joined us to discuss what April's data suggests for the sector and the economy moving forward.
07
JUN
12pm
Vukile's Spanish footprint paying off
Lawrence Rapp CEO of Vukile Property Fund joins us for a follow up on the back of the company's earnings report having been released, specifically pertaining to its growing Spanish footprint. The extent to which its paying off and where exactly that leaves its international strategy
