Business News Leaders

Tymebank secures investment from Tencent

Tymebank has bagged funding for its expansion plans. The digital bank as it secured $180 million in its series B-capital raise,from investors like Tencent and CDC Group. Business Day TV spoke to TymeBank’s CEO Tauriq Keraan for more insight

7 Dec 2021 11AM 7 min

SA's response to omicron

Compulsory Covid-19 vaccination is being considered by South Africa’s government as a weapon against the virus amid a sharp increase in new infections. Business Day TV spoke to Alex Van Den Heever, Health & Social Security Systems Specialist at Wits University for his take on the country's response to the…

7 Dec 2021 10AM 8 min

Focus on Alexander Forbes

Financial services group Alexander Forbes has declared a half-year dividend of 12c per share despite reporting a drop in profit. Alishia Seckam unpacked the rational behind that decision with the CEO of Alexander Forbes, Dawie de Villiers

6 Dec 2021 12PM 6 min

How Nampak returned to profit

Africa's largest packaging group Nampak has returned to profit in its 2021 financial year thanks to strong export sales and growth in Nigeria. But despite the rebound, the firm has decided to not declare a dividend as it looks to get its debt back to more sustainable levels. Alishia Seckam…

6 Dec 2021 12PM 8 min

Ford invests R600m in Gqeberha plant

Ford says it will invest R600m in its Struandale Engine Plant in Gqeberha as part of its commitment to modernizing and growing its local operations. Alishia Seckam spoke to Ford SA's VP of operations, Ockert Berry for more insight

2 Dec 2021 12PM 6 min

Why Implats sees value in RBPlats

Impala Platinum (Implats) has increased its stake in Royal Bafokeng Platinum (RBPlats) to almost a third. Implats is hoping to acquire the miner but says it will settle for a majority stake. Alishia Seckam spoke to Implats CEO Nico Muller for more detail on the rational behind the move

2 Dec 2021 12PM 7 min

The End Of Money

The collapse of the giant Chinese property developer Evergrande, the purchase of Newcastle United by the Public Investment Fund of Saudi Arabia, the unprecedented shortage of truck drivers in the UK, skyrocketing fuel prices across Europe, the seemingly unwavering popularity of cryptocurrency (despite its obvious flaws), the incredible rise of…

2 Dec 2021 7AM 26 min

Why SA needs to up its vaccination rate

SA’s vaccination programme is lagging with just 35% of the population inoculated. To address this, government is weighing up the possibility of a vaccination passport which may prohibit unvaccinated South Africans from being able to access public services and places of employment. Corporates are also doing what they can to…

1 Dec 2021 12PM 7 min

Can SA’s factories withstand the current headwinds?

Factory activity picked up pace in November with the Absa Purchasing Managers Index (PMI) rising to 57.2 points from a revised 53.6 points in October. The increase was largely due to a rebound in business activity and new sales orders. But with the sector having to face rising input costs,…

1 Dec 2021 11AM 8 min

Omicron Keep Calm And Carry On

Just when we were beginning to relax, planning end of year celebrations and long-awaited holidays, SARS-COV-2 has mutated into a new variant that has shattered the complacency of the last few months. While there has been much wailing and gnashing of teeth South African scientists did the right thing in…

30 Nov 2021 1PM 28 min

African Bank returns to profit

African Bank is back in the black. The group has cited strong collections and growth in retail deposits, along with a lower credit impairment charge for its recovery.. Alishia Seckam unpacked the performance in greater detail with CEO Kennedy Bungane

30 Nov 2021 12PM 8 min

Asset Owners Forum

Speaking to two CEO’s recently Dominic Sewela of Barloworld and Roland Van Wijnen of PPC, it’s clear that our grand infrastructure plans are still stuck in 1st gear. Predictably, President Cyril Ramaphosa’s Economic Reconstruction and Recovery Plan placed a grand R1 trillion infrastructure plan (leveraging up to R660bn of ‘crowded…

30 Nov 2021 8AM 27 min

The Week In Perspective

It’s more Bleak Friday than Black Friday… not good news for the rand or our tourism sector as the UK places the country temporarily back under red list travel restrictions after scientists raised the alarm over the new Covid-19 variant yesterday afternoon. And the rand has weakened to over R16…

26 Nov 2021 8AM 26 min

Spotlight on small caps

The JSE’s small-cap sector has proved its worth with the index that tracks these industry players rising close to 20% year to date. Business Day TV spoke to Small Talk Daily’s Anthony Clark for his stock picks in the small-cap sector

25 Nov 2021 1PM 7 min

Invicta delivers 'excellent' results

Investment holding and management company Invicta says it's delivered an excellent set of results for the six months to end-September. The firm posted a 25% rise in revenue from continuing operations and a 55% jump in operating profit. Alishia Seckam spoke to Invicta CEO Steven Joffe for more detail

25 Nov 2021 1PM 6 min

Kaap Agri rebounds

Agricultural services group Kaap Agri more than tripled its total dividend for the year to end-September as revenue at its retail-focussed business units returned to pre-Covid-19 levels. Alishia Seckam caught up with Kaap Agri CEO Sean Walsh for his take on the group’s financial performance

25 Nov 2021 1PM 9 min

M&A activity in South Africa soared in H1

Mergers and acquisitions (M&A) activity in South Africa soared during the first half of the year. Deals worth $52 billion have been recorded and analysts believe activity will remain strong going into 2022. Business Day TV spoke to Patrick Leyden, Partner at Herbert Smith Freehills for more detail

24 Nov 2021 11AM 5 min

Ethos and ARC in R1.5 billion fintech buyout

Ethos Private Equity and African Rainbow Capital have teamed up to acquire fintech platform Crossfin. The R1.5 billion transactions is one of the largest private equity-led investments in the fintech sector locally. Business Day TV discussed the acquisition in more detail with Edward Pitsi, Managing Partner at Ethos Mid Market…

24 Nov 2021 11AM 7 min

Business confidence flat in fourth quarter as shocks weigh

South Africa’s business confidence remains subdued. The RMB/BER sentiment index came in unchanged at 43 in the fourth quarter, as power cuts and intensifying supply chain issues weighed. Business Day TV unpacked the print with RMB Economist Sibohan Redford

24 Nov 2021 11AM 6 min

Rand hits a one-year low

The local unit has been under pressure hitting a one year low on Tuesday off the back of a stronger dollar as traders raised bets for quicker interest rate hikes in the US. Alishia Seckam caught up with RMB’s Varushka Singh for more detail.

23 Nov 2021 12PM 5 min