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.

A Tiso Blackstar Group Production.

Keywords: money, opportunity, business plan, business ideas, business news, income, financial news, industry news and views

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14
MAY
2am

E-commerce industry records record growth in 2020

The e-commerce industry is taking off in South Africa. That's as research by World Wide Worx showed that online retail sales jumped 66% last year as lockdown restrictions encouraged more consumers to shop online. Alishia Seckam talks to the MD of World Wide Worx Arthur Goldstuck for more
14
MAY
2am

The week in review

Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic recovery. The rally interrupted a three-day rout for stocks globally, as market jitters over accelerating U.S. inflation were calmed by Federal Reserve officials reiterating that price pressures from the reopening of the economy would prove transitory. In cryptocurrencies, bitcoin recovered to just below $50,000 on Friday, after plunging to a 2-1/2-month low of $45,700 in the previous session when a media report of a regulatory probe into crypto exchange Binance added to pressure from Tesla CEO Elon Musk's reversing his stance on accepting the digital currency. To review the week that was Michael Avery is joined by Warwick Lucas Chief Investment Officer at Galileo Asset Managers and Raymond Parsons, professor in the School of Business and Governance at North West University
13
MAY
2am

How lockdown has weighed on Long4Life

Lifestyle group Long4Life has reported a 26% plunge in its annual profit as the effects of the Covid-19 lockdown weighed on all three of the group's divisions. The company's second half did however show signs of a recovery but despite this, the group has opted to withhold its full-year dividend as it mulls the possibility of delisting from the JSE. Business Day TV's Alishia Seckam unpacked the numbers and the company's future plans with Long4Life CEO Brian Joffe.
13
MAY
2am

Could Steinhoff be liquidated?

Former Tekkie Town owners, Braam van Huyssteen and Bernard Mostert are determined to see Steinhoff liquidated. The pair have filed an urgent court application to do so after they gave up a majority stake in the business to Steinhoff in exchange for shares in the furniture retailer which have since lost their value. Business Day TV's Alishia Seckam spoke to Business Day reporter Warren Thompson for greater insight on the matter.
13
MAY
2am

Can the rebound in mining production be sustained?

Mining production surged 21.3% year-on-year in March, marking the industry's first annual expansion since February 2020. This was boosted by growth in PGMs, iron-ore and manganese-ore. Business Day TV's Alishia Seckam unpacked the print with Nedbank CIB's mining analyst, Arnold Van Graan.
13
MAY
2am

Is waiving vaccine patents the panacea?

The US has backed India and South Africa's bid to temporarily lift patent protection for COVID-19 vaccines. The support for an IP waiver by the WTO has left pharma companies dismayed and health activists asking for more. Public health activists say the easing of patent protections on COVID-19 vaccines will allow drugmakers in poor countries to start production of effective vaccines sooner and speed up the end of the pandemic, which if allowed to rage could see the emergence of vaccine-resistant COVID variants. The proposal was vehemently opposed by the previous US administration and other wealthy nations like Britain as well as the European Union, who said that a ban would stifle innovation at pharmaceutical companies by robbing them of the incentive to make huge investments in research and development. This, they argue, would be especially counterproductive during the current pandemic, which needed drugmakers to remain on their toes to deal with a mutating virus. So which side is right and will any of this lead us to have vaccines faster than the current rate of nothing for anyone outside of healthcare workers?
12
MAY
2am

Transaction Capital plans to up stake in WeBuyCars

Transaction Capital has announced that it will resume its interim dividend payouts after the company reported a strong recovery in earnings following the fallout from Covid-19. The firm, which provides insurance and financing to minibus taxi operators through its SA taxi division, has also announced that it’s in talks to up its stake in WeBuyCars so that it can gain control of the online car market. Business Day TV's Alishia Seckam unpacked the group’s financial performance and growth plans with Transaction Capital CEO David Hurwitz.
12
MAY
2am

Ascendis to focus on SA after agreeing to debt-for-asset swap

Health and wellness group Ascendis has struck a deal with its lenders to swap its European assets for debt. This will reduce the firm’s borrowings by R7.6bn and leave it with assets based solely in South Africa. Business Day TV's Alishia Seckam spoke to Mark Sardi, CEO of Ascendis Health for greater perspective on what this means for the group moving forward.
12
MAY
2am

Finding value in the small-cap sector

Business Day TV caught up with Integral Asset Management’s investment officer, Keith McLachlan to find out which three companies in the small-cap sector could offer the potential for big returns.
12
MAY
2am

Vaccine trust, hesitancy and SA’s 3rd wave

South Africa has the highest number of COVID-19 cases on the African continent. It has more than 50,000 reported deaths. This may be an underestimate, looking at excess death statistics. The economic cost of the pandemic is evident on the streets and healthcare facilities have been under considerable strain during the waves of the pandemic. Frustration and disillusionment are hallmarks of the non-existent vaccine rollout programme. The country’s rollout is proceeding at a pace much slower than expected. More than 1.32 billion vaccine doses have been administered worldwide, equal to 17 doses for every 100 people. There is already a stark gap between vaccination programs in different countries, with some yet to report a single dose. We have managed just under 400,000 or the equivalent of 0.7 per 100 people. The initial target of having 67% of the country’s citizens vaccinated by the end of 2021 is now unlikely to be achieved. And signs are that the third wave is starting to rise. But when the vaccines do arrive, will we take them in sufficient numbers to achieve herd immunity. Surveys on vaccine hesitancy aren’t encouraging.

Michael Avery spoke to

Prof. Narnia Bohler-Muller. Division Executive, Developmental, Capable and Ethical State division, HSRC;

Dr Ben Roberts, Coordinator: South African Social Attitudes Survey and Chief Research Specialist: Developmental, Capable and Ethical State division, HSRC;

&

Dr Gesine Meyer-Rath, Research Associate Professor at Boston University School of Public Health and Health Economics and Epidemiology Research Office (HE2RO) Wits Health Consortium,

about the modelling and surveys are telling us about the looming third wave.
11
MAY
2am

Why is the PSA declaring a wage dispute

The Public Servants Association (PSA) has declared a wage dispute after a fourth round of negotiations collapsed with neither government or public servants moving from their positions. Government is hell-bent on a 0% increase while public servants demand a 7% wage hike. Business Day TV's Alishia Seckam spoke to Astrid Al-Anani, Chief Labour Relations Officer of the PSA for an update on the process.
11
MAY
2am

Rand recovers from Covid-19 blow

The rand continues to recover from the initial blow it was dealt when Covid-19 hit, with the local unit gaining 30% against the dollar since the height of the pandemic. Business Day TV caught up with RMB's John Cairns and he shared his take on whether this rally is sustainable.

1973 episodes

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