Business News Leaders

Watch: Rand starts week on the back foot

The rand started the week on the back foot after hitting a one-month low due to Chinese growth concerns, the looming US tapering and rising oil prices. Alishia Seckam spoke to RMB's John Cairns for more detail.

28 Sep 2021 1PM 2 min

WATCH: Unemployment rises in Q2

South Africa’s unemployment queues lengthened in the second quarter, as non-farm payrolls fell by 86,000 when compared to the first three months of the year. The bulk of those job losses occurred in the manufacturing, construction and community services industries. Alishia Seckam discussed the print with Louis Pulzone, CEO of…

28 Sep 2021 1PM 8 min

WATCH: Covid-19 lockdown measures weigh on Adapt IT

Adapt IT had a tough year. The software services group has posted a 1% rise in annual revenue, as the impact of Covid-19 regulations weighed on its performance. Alishia Seckam spoke to CEO Tiffany Dunsdon for her perspective on the results

28 Sep 2021 1PM 6 min

WATCH: Pandemic pushes estate planning to the fore

The greatest wealth transfer in history is taking place, with R100trn expected to pass from baby boomers to younger generations over the next few years, according to various reports. Now, with the global pandemic bringing succession planning into an even sharper focus for many families, is spurring matriarchs and patriarchs…

28 Sep 2021 7AM 26 min

WATCH: Will the oil price rally be sustained?

Brent crude traded at a near three-year high on Monday as investors took note of production disruptions in the Gulf of Mexico following Hurricane Ida and signs of strengthening demand. Alishia Seckam spoke to Bjarne Schieldrop from SEB Markets for his take on whether the rally can be sustained.

27 Sep 2021 1PM 3 min

WATCH: Why Ethos Capital is confident its investees have responded well to Covid-19

Investment holding company Ethos Capital says it's hopeful that the efforts made by its investees to get through the Covid-19 pandemic will leave them in a stronger position. Business Day TV unpacked this in detail with Ethos Capital CEO Peter Hayward-Butt.

27 Sep 2021 1PM 6 min

WATCH: Should SA have a coal retirement plan?

Climate envoys from four countries and the European Union have arrived in South Africa to discuss the viability of funding a coal retirement plan for the country. This comes ahead of the UN Climate Change Conference (COP26) in Glasgow in November. For more detail, Alishia Seckam spoke to Greenpeace Africa's…

27 Sep 2021 1PM 7 min

WATCH: Political parties woo voters ahead of local elections

South Africans will be heading to the polls in just over a month to make their mark in the local government elections and in order to secure votes in the lead up to that, political parties are promising citizens job creation, an end to corruption and even the abolishment of…

27 Sep 2021 1PM 8 min

WATCH: Have the rules of sports sponsorship game changed thanks to Covid?

The COVID-19 pandemic has altered sports sponsorship For much of the pandemic, the world’s leading athletes were sidelined, working for reduced pay, playing to empty seats or isolated in competitive bubbles designed to thwart a pandemic that has sapped billions in revenue from professional sports. Still, for the best of…

27 Sep 2021 7AM 26 min

Watch: Spur sees early signs of a recovery

Spur says a slight pickup in franchised restaurant sales serves as an early sign of a positive recovery. The multi-brand restaurant franchisor has reported a 1% rise in restaurant sales for its full year, largely driven by the South African market. Alishia Seckam unpacked the results with CEO Val Nichas.

23 Sep 2021 2PM 6 min

Watch: Spur sees early signs of a recovery

Spur says a slight pickup in franchised restaurant sales serves as an early sign of a positive recovery. The multi-brand restaurant franchisor has reported a 1% rise in restaurant sales for its full year, largely driven by the South African market. Alishia Seckam unpacked the results with CEO Val Nichas.

23 Sep 2021 2PM 6 min

Watch: Reserve Bank keeps rates on hold

The Reserve Bank’s monetary policy committee has kept the benchmark interest rate at a historic low of 3.5% and has upped its growth forecast for this year to 5.3% from 4.2% previously. Alishia Seckam spoke to Kevin Lings, Chief Economist at Stanlib for his take on the decision

23 Sep 2021 2PM 7 min

The week in perspective

We’re back to late night reshuffles as the president wielded the axe last night with the most significant change for the economy in the Treasury after Tito Mboweni decided he had enough cooking the budget, a job he had taken on reluctantly when Cyril first asked him to come back…

6 Aug 2021 2AM 25 min

Liberty ups defenses against impact of Covid-19

Liberty has topped up on its pandemic reserves by R1bn and this has led the group to report an interim normalised operating loss of R465mn. Alishia Seckam spoke to Liberty CEO David Munro for more insight into how the company is preparing to ride out the Covid​-19 pandemic.

4 Aug 2021 2AM 8 min

Vaccine rollout offers blueprint for future collaboration

South Africa passed the milestone of administering seven million Covid-19 vaccinations last week despite the drug supply limiting efforts to reach higher daily targets. We are still in the ramp up phase, but it would be churlish to continue to bang on about our slow start and not recognise that…

4 Aug 2021 2AM 27 min

Why the local asset management industry needs to change

Despite a number of boutique asset management firms entering the market over the past few year, the industry remains heavily concentrated. According to the latest figures from the Association for Savings and Investment South Africa, the seven largest firms in the collective investment schemes industry have a market share of…

4 Aug 2021 2AM 4 min

What will be Telkom’s new CEO’s top priorities

Telkom has announced that Serame Taukobong will be taking over from Sipho Maseko as the company's CEO in July 2022. Alishia Seckam spoke to Taukobong to find out what he’ll be bringing to the leadership role.

4 Aug 2021 2AM 6 min

Weaker dollar and commodity prices boost rand

The local unit has bounced back, recovering from last month's slump where it almost crossed the R15 to the dollar mark. This has mainly been driven by commodity prices and a weaker dollar.​ Business Day TV discussed the activity playing out in the currency scene with RMB's John Cairns. ​

3 Aug 2021 2AM 4 min

Royal Bafokeng Platinum quintuples cash pile

Royal Bafokeng Platinum says its net cash pile rose more than five-fold to R3.6 billion rand during its first half, thanks to higher platinum group metals prices during the period. Alishia Seckam unpacked the performance with CFO Hanré Rossouw.

3 Aug 2021 2AM 7 min

Covid-19 threatens retirement savings - Sanlam

The National Treasury has proposed a ‘two-pot system’ for withdrawals from pension funds, with up to one-third being accessible before retirement. The consideration comes as Sanlam warns that the economic impact of the pandemic poses a threat to retirement savings. Alishia Seckam spoke to Avishal Seeth, Head of Sanlam Umbrella…

3 Aug 2021 2AM 6 min