Business News Leaders

MTBPS Preview

The context to Finance Minister Enoch Godongwana’s maiden medium term budget policy statement is fraught. His party recently bloodied at the polls after more than a decade of corruption and incapable governance has left the country teetering on the brink. There is no sense of hyperbole here. PRASA has been…

10 Nov 2021 6AM 24 min

What to expect from SA’s medium-term budget

Finance minister Enoch Godongwana is set to present his first medium-term budget on Thursday where he faces the challenge of presenting a strategy that will revive SA’s economy while keeping public finances in check. Business Day TV spoke to Siobhan Redford from RMB for her views on why could be…

9 Nov 2021 12PM 7 min

Why the Black Business Council wants new leadership at Eskom

The Black Business Council (BBC) wants Eskom’s CEO, Andre de Ruyter and the state utility’s board to step down as load-shedding continues to leave SA in the dark. Alishia Seckam spoke to BBC CEO Kganki Matabane about the proposal

9 Nov 2021 12PM 9 min

ETFS in portfolio construction

The growth in exchange traded funds (ETFs) was remarkable after their mass introduction in the early 2000s, and they continue to grow in number and popularity. The emergence of the investment vehicle has been great for investors, as new low-cost opportunities are now available for nearly every asset class in…

9 Nov 2021 6AM 26 min

How Exxaro plans to help with SA’s energy transition goals

Diversified miner Exxaro plans to play an integral part in South Africa’s energy transition as it recently signed a deal with state-owned power utility Eskom and fellow coal miner Seriti Resources to jointly develop renewable energy projects. The company’s strategy shift comes at a time when the world is putting…

8 Nov 2021 12PM 8 min

Raubex eyes opportunities in SA’s building market

Construction and material group Raubex has reported solid first-half results with revenue jumping 52% to R5.99bn and operating profit rocketing to R435.2m as the firm recovered from the impact of Covid-19 lockdown measures in the prior period which brought activity to a standstill. The group’s financial rebound along with its…

8 Nov 2021 12PM 6 min

WATCH: Animal Spirits

With just a couple months left before a well-earned break for most, this year’s market action is still keeping investors anxious. We’ve had the taper without the tantrum, the BoE surprise hold and more hot air than bold action out of Glasgow on Cop26. The beginning of the end of…

8 Nov 2021 6AM 25 min

WATCH: The Week In Perspective

On 11 November, Minister of Finance Enoch Godongwana will table his maiden Medium Term Budget Policy Statement amid the country’s increasingly complex fiscal knots. This year’s MTBPS will centre around stabilising the local economy, given the continued negative impact of the COVID-19 pandemic and the July social unrest, in an…

5 Nov 2021 10AM 25 min

Leveraging COP26 to position Africa's climate change agenda

Africa is expected to suffer disproportionately from the impacts of climate change, despite its low contribution to global greenhouse gas emissions. That is according to a Standard Bank report, titled, 'Africa must be at the heart of COP26'​. Alishia Seckam spoke to Penny Byrne, Climate Research Analyst at Standard Bank…

4 Nov 2021 1PM 7 min

Afrimat’s interim profit soars

Afrimat has delivered a solid half-year performance. The building materials and mining group has reported a 60.5% jump in headline earnings per share, due to a strong showing by all its divisions as well as higher iron-ore prices. Alishia Seckam unpacked the results with CFO, Pieter de Wit.

4 Nov 2021 1PM 6 min

COP26 | SUMMIT CONTINUES IN GLASGOW

COP26 has arrived and we’re discussing whether we’re turning the tide on climate change brought to you by Investec Obviously, the big news for us this week as been the announcement of the $8.5bn Just Energy Transition Partnership to help South Africa transition away from fossil fuels, stimulate green hydrogen…

4 Nov 2021 7AM 28 min

Rand report​

The rand is trading at its weakest level against the dollar since mid-August as market participants wait for an announcement from the US Federal Reserve that could provide details for tapering its stimulus package. Business Day TV spoke to John Cairns from RMB for more insight

3 Nov 2021 1PM 6 min

Bolt eyes electric taxi rollout in SA

On-demand transport group Bolt plans to introduce a green taxi offering to the South African market in the next few months as it looks to make use of electric vehicles in its fleet. Alishia Seckam spoke to Bolt SA regional manager Gareth Taylor for more on the decisions particularly at…

3 Nov 2021 1PM 7 min

Dis-Chem restores interim dividend

Pharmacy group Dis-Chem has reinstated its interim dividend after the firm reported a 35% rise in first-half headline profit. The group says it achieved positive results, continued to take market share and deliver strong cash generation despite a tough economic environment. Alishia Seckam spoke to Dis-Chem CFO Rui Morais for…

3 Nov 2021 1PM 8 min

Local Government – what does the impending marriage of inconvenience mean for business?

With more than half of the votes counted, the outcome of the municipal elections has is shaping up, with the ANC projected to suffer losses across South Africa’s eight metropolitan municipalities. The metros differ substantially from the remaining 256 municipalities in terms of their sheer size, resources and economic activity…

3 Nov 2021 7AM 25 min

Renergen completes drilling at R2D2 well

Renergen has completed drilling at a well called R2D2, with a flow rate of 187,000 standard cubic feet of gas per day. This marks of its more significant gas strikes at its Virginia Gas project. Alishia Seckam spoke to CEO, Stefano Marani for more detail

2 Nov 2021 1PM 8 min

Metals industry strike, load-shedding weigh on PMI

South Africa’s manufacturing sector is showing signs of strain. The Absa PMI lost further ground in October and declined to 53.6 from 54.7 previously, as the impact of load-shedding and the three-week strike in the steel and engineering sector weighed. Alishia Seckam spoke to Miyelani Maluleke, Senior Economist at Absa…

2 Nov 2021 1PM 8 min

In Conversation With Achim Steiner

The moment has come: The Super Bowl of climate change, the Olympics of decarbonization, the Met Gala of nonbinding emission-reduction promises There are great expectations by governments, businesses, and civil society for the Glasgow Climate Conference, or COP 26, as it’s known in the jargon. US Secretary of State John…

2 Nov 2021 8AM 20 min

The Week In Perspective

Asian shares and U.S. stock futures slipped in early trade this morning, as Amazon and Apple quarterly earnings bucked a recent strong trend and growth and inflation fears continued to weigh. Investors, particularly in bond and currency markets, are also worried about varied responses by central banks worldwide to rising…

29 Oct 2021 7AM 26 min

ESG investing continues to gain momentum

Environmental Social and Governance (ESG) investing is gaining in popularity with the industry growing from $3trn in 2010 to $17trn in 2019, according to Overberg Asset Management. Business Day TV spoke to COO and director at Overberg Asset Management, Carel la Cock to find out what’s driving this trend

28 Oct 2021 12PM 4 min