Business News Leaders

How a slow economic recovery is weighing on Adcorp

Recruitment specialist Adcorp says the slow recovery in economic activity in South Africa and Australia has weighed on its business but the firm has still managed to improve its financials on a continuing operations basis with interim headline earnings per share more than doubling to 27.2c. Alishia Seckam spoke to…

28 Oct 2021 12PM 8 min

EOH posts first operating profit since 2018

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. An Arena Holdings production. Keywords: money, opportunity, business plan, business ideas, business news, income, financial news, industry news and views

28 Oct 2021 11AM 6 min

COP26 | G20

With over 9 million online mentions of COP26 - that’s the UN Climate Change Conference taking place in Glasgow from 31 October to 12 November - already in circulation, you’d be forgiven for feeling a little lost in the hype. We’ve cut through the hype to the real issues so…

28 Oct 2021 8AM 28 min

Famous Brands returns to profit

Famous Brands says its efforts to adapt to Covid-19 operating conditions have helped it return to profit during the group's half year to end August, but the restaurant group's recovery has been slowed by the impact of the civil unrest that took place in July. Alishia Seckam spoke to Famous…

27 Oct 2021 1PM 8 min

SA’s ETP industry is expanding

The popularity of Exchange Traded Products (ETP) is growing with the sector as a whole expanding by just over 13% in the first nine months of this year, according to etfSA.co.za. Business Day TV spoke to etfSA.co.za MD Mike Brown for more detail

27 Oct 2021 12PM 6 min

WATCH: Sipho Pityana takes on banking regulator

Business executive Sipho Pityana has decided to take the banking regulator to court, claiming that it acted unlawfully and this led to his appointment as Absa chair being blocked. Alishia Seckam unpacked the detail of the situation with Pityana.

27 Oct 2021 12PM 9 min

Local government past the tipping point?

It’s almost clichéd to say SA’s municipalities are poorly run. Virtually every Ratings Afrika and Auditor-General survey reminds us of this. The evidence is clear for all to see in the state of our pavements, roads, water and power outages, and signs in disrepair….which all paint a grim picture of…

27 Oct 2021 7AM 26 min

Sibanye-Stillwater gears up for growth in EV market

Sibanye-Stillwater has entered into a $1BN deal to acquire two Brazilian mines as part of the firm’s strategy to build a portfolio of metals critical to electric vehicles. Alishia Seckam spoke to Sibanye-Stillwater CEO Neal Froneman for more detail

26 Oct 2021 1PM 8 min

Why foreigners are snapping up SA bonds

Foreigners have more of an appetite for South African bonds than previously thought, according to new data from the JSE. The bourse says this shows that investors have confidence in government’s policies and have appetite for yields that that are among the highest in emerging markets. Business Day TV unpacked…

26 Oct 2021 12PM 7 min

NEF to support unrest-affected businesses

The National Empowerment Fund (NEF) has committed R722m to help support businesses that were affected by the unrest that gripped Gauteng and KwaZulu-Natal in July. Alishia Seckam spoke to NEF CEO Philisiwe Mthethwa for more detail

26 Oct 2021 12PM 8 min

The great inflation debate

Halloween is around the corner and the bogeyman frightening global markets at the moment is inflation. With some likening what is happening now to the Great Inflation, which was the defining macroeconomic event of the second half of the twentieth century. Over the nearly two decades it lasted, the global…

26 Oct 2021 6AM 28 min

Why Busa wants legal certainty on mandatory vaccines

Business Unity SA (Busa) plans to apply to the high court for a declaratory order on workplace vaccine mandates as a way to ensure that firms are on the right side of the law should they choose to require their staff to be vaccinated against Covid-19. The organisation believes this…

25 Oct 2021 11AM 6 min

Altron eyes growth opportunities

Technology group Altron is upbeat about its prospects as it pursues a strategy that involves focusing on growth areas such as cloud, data analytics, internet of things, and security. Alishia Seckam spoke to the firm’s CEO Mteto Nyati for more detail on Altron’s prospects

25 Oct 2021 11AM 8 min

The Tokenisation of Assets’ Implications for Financial Markets

We’ve seen some interesting deals in the local market that are pointing to the increased usage of distributed ledger technology in financial markets. Late last year the JSE acquired Globacap, a UK fintech company whose unique distributed ledger technology allows digital registrar services to be reflected in real-time. The JSE…

25 Oct 2021 8AM 26 min

The week in perspective

From a huge leak of documents showing how countries are trying to change a crucial scientific report on how to tackle climate change. The leak reveals Saudi Arabia, Japan and Australia are among countries asking the UN to play down the need to move rapidly away from fossil fuels. It…

22 Oct 2021 7AM 26 min

Omnia offloads 90% stake in Umongo Petroleum

Omnia has agreed to sell its 90% stake in Umongo Petroleum for R1 billion. The chemicals, fertiliser and explosives group says the proceeds will be used to either peruse growth opportunities or return cash to shareholders. Alishia Seckam discussed the disposal with Omnia’s CEO Seelan Gobalsamy

21 Oct 2021 1PM 6 min

Clicks rings up record operating profit

Pharmacy group Clicks has delivered record adjusted operating profit for its 2021 year thanks to a stellar performance from its wholesale business, UPD which benefitted from increased demand from hospitals during SA’s second and third Covid-19 waves. Alishia Seckam spoke to CEO Vikesh Ramsunder for more detail

21 Oct 2021 1PM 5 min

COP26 | RESPONSIBLE INVESTING

You're watching Climate Conversations on Business Watch, as we build up to COP26 to discuss whether we’re turning the tide on climate change brought to you by Investec. So far we’ve spoken to Minister Creecy about what the overall focus is for the South African government heading into this so…

21 Oct 2021 7AM 25 min

Steady demand boosts Balwin Properties

Balwin Properties’ operations are steadily recovering. South Africa's largest sectional title developer was hard hit by the economic fallout from Covid-19, but says it’s now seeing robust demand for apartments. Alishia Seckam unpacked the performance with CEO Steve Brookes

20 Oct 2021 2PM 7 min

Societal impacts of AI in Africa

Africa is currently experiencing a demographic boom that is largely young and urban. Unlike Germany with a median age of roughly 47, the US at 38, or China at 37, the median age in Africa is roughly 19. In addition, this demographic of African youth is expected to double to…

20 Oct 2021 7AM 25 min