Business News Leaders

The Week In Perspective

It’s been frantic week in the political economy with the dirty tricks bag being emptied against a reforming president clamping down on corruption. Shortly after the arrest of former Transnet CEO Siyabonga Gama, disgraced former spy boss Arthur Fraser who was so central to former president Zuma’s State Capture network…

10 Jun 2022 8AM 27 min

Bitcoin steadily recovers

Bitcoin has steadily started to recover from its recent crash, trading above the $30,000 mark. Business Day TV caught up with the General Manager for Africa at Luno, Marius Reitz to discuss whether the upward trajectory can be sustained.

9 Jun 2022 1PM 5 min

Vukile Property Fund ups dividend

Vukile Property Fund is upbeat about its prospects. The firm, which owns malls in SA and Spain, says retail sales and footfall has returned to pre-Covid-19 levels and this has given the company the confidence to up its 2022 pay out, with a total dividend being declared of 105.8 cents.

9 Jun 2022 1PM 7 min

Mining output crashes nearly 15% in April

Mining production slumped 14.9% year-on-year in April, which is almost three times worse than expected as miners had to contend with load shedding and a dysfunctional rail network. Business Day TV unpacked the print with Henk Langenhoven, Chief Economist at the Minerals Council South Africa.

9 Jun 2022 12PM 9 min

100 Women in Finance launches in SA

When I first started out as a financial journalist with David Gleason in the early 2000s I remember walking into a boardroom at a large investment bank and sitting down to a meeting with the all-male team and doing a double take. What happens in corporate finance teams across the…

9 Jun 2022 7AM 26 min

Asset managers warn of huge outflows

South African asset managers have warned that amendments to the asset allocation limits of local pension funds could result in outflow of up to R800 billion over the next three to five years. Business Day TV discussed this in detail with Ninety One’s Deputy MD, Sangeeth Sewnath.

8 Jun 2022 1PM 6 min

Spar posts growth in half-year profit

Spar has delivered upbeat interim results, reporting a 5.2% rise in turnover to R64.7 billion and a 3.5% jump in headline earnings per share. The performance comes amid the easing of Covid-19 restrictions during the period, which resulted in more shoppers returning to stores. Business Day TV unpacked the numbers…

8 Jun 2022 1PM 7 min

Business confidence dips in Q2

Business confidence has pulled back. The RMB/BER morale indicator declined to 42 in the first quarter, marking a level last seen in the second half of last year. The performance was largely driven by a fall in manufacturing confidence due to the impact of the floods in Kwazulu-Natal and load…

8 Jun 2022 12PM 9 min

EU/SA Trade

South Africa’s trade balance with the European Union is moving in the right direction, with exports outpacing imports. But SA could have a much, much better story to tell, and not be mainly reliant on the demand for commodities post-Covid … if it was fully exploiting its trade pact with…

8 Jun 2022 7AM 27 min

Sygnia delivers a record half-year performance

Sygnia has delivered a record-half-year performance, due to a strong showing by its exchange-traded funds (ETFs) and its retail business. The firm has posted revenue growth of 13% while profit jumped 31.5%. Business Day TV caught up with CEO David Hufton for more detail.

7 Jun 2022 1PM 6 min

Oil prices remain steady

The oil price remained steady and failed to cross over the $120 mark, as investors weighed up additional supply from Venezuela and Opec amid rising demand from China. Business Day TV discussed this in detail with RMB's Client Strategist, John Cairns.

7 Jun 2022 1PM 6 min

Assessing the health of SA's economy

A near 5% expansion in the manufacturing sector during the first quarter of this year has helped South Africa’s economy rebound by 1.9%. The reading comes above market consensus of 1.2% growth and marks a and return to pre-pandemic levels. Business Day TV spoke to Maarten Ackerman, Chief Economist at…

7 Jun 2022 1PM 9 min

Pioneering cross border payments in Africa

The payments, banking and financial services sectors are undergoing an unprecedented period of disruption and change. In an ever-evolving reality, collaboration is the key to survival…especially when we look at cross border transactions as Africa opens up via the African Continental Free Trade Area. Unfortunately, there are still many payment…

7 Jun 2022 8AM 25 min

Investment and consulting drive up profit for Alexforbes

A solid performance by Alexforbes’ investment unit and individual consulting business gave the firm a boost. South Africa’s largest retirement fund administrator has posted a 7% rise in annual operating income, while headline earnings per share from continuing operations increased by 19%. Business Day TV unpacked the performance with CEO…

6 Jun 2022 1PM 8 min

SA's energy reform momentum

South Africa’s energy reform is gaining momentum. The National Energy Regulator of SA (Nersa) recently announced that 16 more Independent Power Producer projects are up for approval following its licensing exemption for 100MW of energy. Day TV spoke to Saul Musker, Director for Strategy & Delivery Support in the Private…

6 Jun 2022 12PM 13 min

Technical analysis - Sabvest and Grindrod

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are telling him about Sabvest and Grindrod.

6 Jun 2022 12PM 6 min

Animal Spirits

Markets will be on tenterhooks for the U.S. consumer price report on Friday, especially after EU inflation shocked many with a record high last week. Forecasts are for a steep rise of 0.7% in May, though the annual pace is seen holding at 8.3% while core inflation is seen slowing…

6 Jun 2022 8AM 22 min

The week in perspective

Asian equities rose in early trade this morning following a strong performance on Wall Street overnight ahead of a key US jobs data release, while crude held most of the previous day's gains after an Opec output hike disappointed traders. Still, a rally in beaten-down tech firms helped drive healthy…

3 Jun 2022 8AM 25 min

Unpacking Comair's cash flow issues

Comair has grounded its flights until it has secured funding and the airline’s business rescue practitioners have advised that the process to raise the necessary capital is underway. Business Day TV unpacked the issues facing Comair with Independent Aviation analyst, Phutego Mojapele.

2 Jun 2022 1PM 6 min

Navigating a bear market

Fears around rising inflation and slowing growth have weighed on investors this year, further pushing markets into the red. In May, the SP500 fell over 19% from its recent high, nearing bear market territory. Business Day TV discussed how to navigate current market conditions with Investment Strategist at Old Mutual…

2 Jun 2022 12PM 6 min