Business News Leaders

Will SARB keep rates unchanged?

The Reserve Bank is expected to keep rates at a five decade low at its next interest rate meeting, and its tone will be watched closely as central banks globally hint at tighter monetary policy. Alishia Seckam spoke to RMB's SA economist Siobhan Redford, for more detail.

20 Jul 2021 2AM 3 min

Vukile's mall recovery plans

Vukile Property Fund has shared that four of its Gauteng malls and two of its KwaZulu-Natal operations were damaged during last week’s unrest. Alishia Seckam spoke to CEO Laurence Rapp, on the impact on operations, as well as Vukile’s recovery plans.

20 Jul 2021 2AM 8 min

Can Sasria honour all looting, protest claims?

Sasria is South Africa’s sole insurer covering risks such as civil unrest, public disorder, strikes, riots and terrorism. The cost of last week’s damage to retailers and retail properties is estimated at over R20 billion, and Sasria is expected to foot a large chunk of the bill. Alishia Seckam spoke…

20 Jul 2021 2AM 7 min

Indlulamithi scenarios

South Africa continues to slide further towards a Gwara Gwara scenario - a future that envisions a demoralised land of disorder and decay, with social cohesion in steep decline, by 2030. This is according to the latest Indlulamithi Barometer, which each year strives to look above the trees lie the…

20 Jul 2021 2AM 26 min

Mine violence hampers production, investment

Violence in the mining sector is taking its toll on the industry and has seen miners calling for the establishment of a specialised police unit to protect the sector, as attacks and invasions hamper production and investment opportunities. Alishia Seckam spoke to Thabo Mokoena, DG of the Department of Mineral…

19 Jul 2021 2AM 16 min

What kind of impact has the riots had on the vehicle market?

South Africa’s new vehicle market has been steadily gaining ground after the coronavirus pandemic weighed on the industry, but will the recent civil unrest that shuttered operations put the brakes on that recovery? Business Day TV discussed this in detail with the MD of Nissan SA, Mike Whitfield.

19 Jul 2021 2AM 4 min

Riots and looting weigh on Dis-chem

The unrest that has gripped South Africa has impacted many businesses, and Dis-chem was not left unscathed. The retail pharmacy stopped Covid-19 testing, administrating vaccines and has shut down over 30 stores. Business Day TV's Alishia Seckam caught up with its MD, Lynette Saltzman for more detail.

16 Jul 2021 2AM 6 min

What has the ISS data shown about the rise of violent protests over the last 10 years?

Last week we said a week is a long time in politics and I never could have imagined how that would come back to haunt us. The country experienced one of the most violent, and damaging weeks in its young democratic history, which has left a trail of burnt buildings,…

16 Jul 2021 2AM 26 min

Is green hydrogen the future for SA

As the world and South Africa deals with the complicated subject of energy and the infrastructure to support a sustainable energy future, more and more innovations, solutions and opportunities are coming to the fore. Business Day TV chats to Nedbank CIB Sector Lead on Energy and Infrastructure, Thiago Almeida on…

15 Jul 2021 2AM 5 min

Unpacking SA's looting crisis

Standard Bank has made a buyout offer for Liberty. The boards of both firms believe the acquisition will facilitate the creation of a formidable competitor in Africa’s financial services sector. Business Day TV spoke to Standard Bank CEO Sim Tshabalala and Liberty CEO David Munro about the proposed takeover.

15 Jul 2021 2AM 10 min

The impact of riots, looting on the rand

Unrest in the country has taken its toll on the rand, and has seen the local unit lose its position as the year's top emerging-market performer. Business Day TV unpacked the currency’s performance with TreasuryOne’s Andre Cilliers.

15 Jul 2021 2AM 4 min

BUSA calls for 24-hour curfew

Business Unity South Africa is calling on government to implement a 24-hour curfew in key hotpots around Gauteng and KwaZulu-Natal, and for the full deployment of army and police to r

15 Jul 2021 2AM 6 min

Unrest rattles shibboleths

Riots and looting have largely died down into day 6 with some incidents of arson still being reported as the South African government is starting to assert the third force narrative behind the protests. But we must be mindful that this a convenient excuse for a government to use to…

15 Jul 2021 2AM 24 min

SAB criticises state's handling of social unrest

SAB, which is part of AB InBev, has been affected by the looting frenzy in KwaZulu-Natal. The brewer says government’s response to date had been inadequate, and it has appealed to the state to step up and lead during these turbulent times. Business Day TV caught up with Kgosi Mogotsi,…

15 Jul 2021 2AM 4 min

Lockdown and riots to weigh on retailers

Retail sales jumped by 15.8% in May but economists have warned that recent lockdown restrictions and riots will likely weigh on the industry going forward. Business Day TV's Alishia Seckam spoke to Anchor Capital's Investment Analyst, Casey Delport for more detail.

14 Jul 2021 2AM 4 min

ActionSA plans to file a lawsuit against cabinet, ANC

ActionSA has condemned the looting and widespread riots currently gripping South Africa and say it will pursue a lawsuit against government over its failure to ensure proper law enforcement and protection. Business Day TV's Alishia Seckam spoke to ActionSA President Herman Mashaba for more detail.

14 Jul 2021 2AM 8 min

Analysing the Powder keg

Riots and looting have continued for a fifth day as the South African government struggles to regain control of a situation that was sparked by the jailing of former president Zuma but seems to have since taken a more broad-based social and civil unrest tone riddled with opportunism. Sad to…

14 Jul 2021 2AM 25 min

Will insurance firms cover looting, protest damage?

Businesses across the country have suffered major damage from rioting and looting, and will be looking to their insurance providers to help address losses. Business Day TV's Alishia Seckam spoke to Ryan Woolley, CEO of Insurance Claims Africa for a look at whether insurance firms will cover damage of this…

14 Jul 2021 2AM 6 min

Is the REIT Recovery Too Good to be True?

While listed property has bounced back strongly this year to be among the JSE's best performing sectors there are now fresh concerns with the renewed lockdown level 4 and the riots and looting which haven't seen some large malls like Queensland spared, though this has been fairly isolated at this…

13 Jul 2021 2AM 25 min

Job and food security at risk as Free Zuma protests intensify

The Durban Chamber of Commerce and Industry says the social unrest that followed the imprisonment of a former president Jacob Zuma is placing food and job security at risk. Business Day TV'S Alishia Seckam spoke to Mpume Langa, First Vice President of the Durban Chamber of Commerce and Industry for…

13 Jul 2021 2AM 7 min