Business News Leaders

Can AECI’s recovery be sustained?

AECI has hiked its interim dividend by 80% as the firm recovers from the fallout from Covid-19. Alishia Seckam spoke to AECI CEO Mark Dytor to find out if the firm thinks that its recovery can be sustained in the current operating environment.

28 Jul 2021 2AM 8 min

Are investors giving up on SA’s SMMEs?

South Africa’s small and medium enterprises have been hard hit by Covid-19 and the recent civil unrest which razed some firm to the ground. Alishia Seckam spoke to Charles Okehalam from AGH Capital about the challenging environment to find out if this is putting off investment in the SMME sector.

28 Jul 2021 2AM 6 min

Time to unshackle small business

As we start calculating the cost of the recent riots and the destruction, organised business warns that the economic recovery has been set back, probably by one to two years. It raises several questions but undoubtedly one of the most fundamental is the role of small business and entrepreneurship in…

28 Jul 2021 2AM 27 min

Treasury’s R39bn relief package won’t require additional debt

Treasury has announced a R39 billion economic relief package, which will be funded by higher-than-expected tax revenue. The lion's share of the funds will go towards reinstating the R350 unemployment grant. Alishia Seckam spoke to Kevin Lings, Chief Economist at Stanlib for his view on the relief measure.

28 Jul 2021 2AM 7 min

Kumba posts record first-half results

Higher iron prices have landed Kumba in a sweet spot with the group’s after tax profit more than doubling to over R30bn. Alishia Seckam spoke to the miner’s CEO, Themba Mkhwanazi for more detail.

27 Jul 2021 2AM 9 min

Are local bonds losing their appeal?

Local bonds seem to be losing their appeal as net bond outflows amounted to R3.7bn over the past week. This takes net outflows for the year to close to R50bn. Alishia Seckam caught up with RMB's Michelle Wohlberg for insight on the trends playing out in the fixed income market.

27 Jul 2021 2AM 4 min

Tiger Brands recalls 20-million cans of vegetable products

Tiger Brands is recalling 20 million canned vegetable products, due to safety concerns related to potentially defective cans. The move could cost Africa's biggest food producer up to R650 million. Alishia Seckam spoke to Noel Doyle, CEO of Tiger Brands for more.

27 Jul 2021 2AM 3 min

Share Shootout US Edition

It’s profits and the Fed as US earnings season kicks into high gear this week. The next couple of days are going to be monumental as everyone tries to figure out how strong corporate fundamentals are at the moment and in what context that is happening in terms of the…

27 Jul 2021 2AM 25 min

Why Liberty Two Degrees is optimistic about its future prospects

Liberty Two Degrees is optimistic about its future prospects as occupancy levels begin to pick up following the fallout of Covid-19. Alishia Seckam spoke to Liberty Two Degrees CEO Amelia Beattie for more detail on the recovery and how the landlord plans to take full advantage of the situation.

26 Jul 2021 2AM 7 min

BIG questions over how grant will be funded

President Cyril Ramaphosa on Sunday announced a package of measures to support households and businesses affected by the Covid-19 pandemic and the recent violence in KwaZulu-Natal and Gauteng, including the reintroduction of a R350 income grant to the poorest citizens between the ages of 18 and 59. Some are calling…

26 Jul 2021 2AM 25 min

Higher PGM prices, output boost Amplats

Anglo American Platinum has posted a near sevenfold increase in half-year earnings as higher metals prices and a surge in output boosted profit. Business Day TV unpacked the performance with company's CEO Natascha Viljoen.

26 Jul 2021 2AM 7 min

BIG questions over how grant will be funded

President Cyril Ramaphosa on Sunday announced a package of measures to support households and businesses affected by the Covid-19 pandemic and the recent violence in KwaZulu-Natal and Gauteng, including the reintroduction of a R350 income grant to the poorest citizens between the ages of 18 and 59. Some are calling…

26 Jul 2021 2AM 25 min

The week in review

The Reserve Bank’s monetary policy committee (MPC) maintained the repo rate at 3.5%, in line with the median forecast of 18 analysts surveyed by Bloomberg. But it looks like the next move is up so start paying off those credit cards. Pick n Pay group chief executive Pieter Boone has…

23 Jul 2021 2AM 25 min

SAMPRA takes SABC to court

The South African Music Performance Rights Association is not in tune with the SABC. It’s accused the public broadcaster of not paying artists their royalties, and so in an attempt to get the monies owed to artists, SAMPRA is taking the SABC to court. Business Day TV caught up with…

23 Jul 2021 2AM 6 min

Strategies to help South Africa bounce back

South Africa’s economy is under pressure and Colin Coleman, former partner at Goldman Sachs, believes a three-pronged approach will help the country bounce back. The plan calls for, among others, an economic stimulus package targeting the unemployed and small businesses. Alishia Seckam spoke to Colin for more detail.

22 Jul 2021 2AM 8 min

Reserve Bank keeps repo rate unchanged at 3.5%

The Reserve Bank has left its benchmark interest rate unchanged at a record low of 3.5% to support the economy as it battles to recover from the impact of Covid-19. Alishia Seckam unpacked the decision with Lullu Krugel, Chief Economist at PWC .

22 Jul 2021 2AM 5 min

How EOH plans to help after riots and looting hit SA last week

The business community has been working hand in hand with government to try and rebuild the country after last week's riots. Business Day TV caught up with EOH CEO Stephen van Coller to discuss some of the company’s initiatives

21 Jul 2021 2AM 4 min

From AI to IA

There is no doubt intelligent automation is here and will shape the future of business. Automation is forcing companies to look at every aspect of their business through a different lens. But just how pervasive it will be is up for debate. Smart Automation can sound like robots taking over…

21 Jul 2021 2AM 25 min

Business discusses SA’s recovery with Ramaphosa

In the wake of last week’s civil unrest, President Cyril Ramaphosa met with the business community to discuss recovery efforts. Alishia Seckam spoke to Business Unity SA CEO Cas Coovadia for more detail.

21 Jul 2021 2AM 9 min

Can SA afford a new social relief grant?

Government has conceded that last week's civil unrest could have been driven by poverty and in response to this, the state is considering a new social relief grant. But given the current strain on the fiscus, can SA afford this Alishia Seckam spoke to Duma Gqubule, Founding Director of the…

21 Jul 2021 2AM 5 min