Business News Leaders

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

Why sustainability-linked bond sales are gaining steam

Sustainability-linked bond sales have accelerated in 2021 as investors start to see value in green fixed income assets. Business Day TV's Alishia Seckam caught up with RMB's head of sustainable finance and ESG Advisory, Nigel Beck to discuss why this trend is emerging.

13 Jul 2021 2AM 4 min

SAPOA decries protests erupting across SA

The SA Property Owners Association has denounced the riots and looting taking place across South Africa, which has caused an undisclosed amount of damage to property and infrastructure. Business Day TV's Alishia Seckam spoke to Neil Gopal, CEO of SAPOA for more detail.

13 Jul 2021 2AM 6 min

World Bank

South Africa’s economic outlook is bleak. The World Bank expects gross domestic product to slow to 1.5% in 2023, and it has suggested that job creation will be central to preserving macroeconomic stability. Business Day TV 'S Alishia Seckam spoke to Wolfgang Fengler, Lead Economist at the World Bank for…

12 Jul 2021 2AM 7 min

NIDS cram wave 5

The Department of Health finally heard the outcry and will start vaccinating over weekends from August along with the rollout to people between 35 and 49 years old, with registrations starting on the 15th of July. One has to question why we are waiting till August though. One of the…

12 Jul 2021 2AM 27 min

'Free Zuma' protests intensify

The national defence force is set to quell ‘free Zuma’ protests, after violence and looting in response to the former president's arrest spread from KwaZulu-Natal to Gauteng and Mpumalanga. Business Day TV's Alishia Seckam spoke to Political Analyst Daniel Silke about how the events are shaping the country's current political…

12 Jul 2021 2AM 6 min

Will the auto industry deliver on its masterplan targets?

The automotive sector has adopted a master plan that seeks to double jobs in vehicle and components manufacturing, and significantly boost production levels to 1.4-million by 2035. Rising Covid-19 infection levels and lockdown measures have however impacted operations across the board, and Business Day TV spoke to Naamsa CEO Mike…

9 Jul 2021 2AM 6 min

The week in review

A week is a long time in politics and what a week it's been. Zulu legend has it that Shaka had come to the Nkandla area to resolve a dispute between two chiefs. When he arrived, he complained of exhaustion from walking up the steep slopes. The Zulu verb for…

9 Jul 2021 2AM 25 min

Listed property makes strong comeback in 2021

South Africa’s listed property sector has made a strong comeback. The industry has rallied by 23% this year after plunging by 35% in 2020. Business Day TV's Alishia Seckam spoke to Ahmend Motara, Senior Property Analyst at Stanlib about whether the momentum can be sustained.

8 Jul 2021 2AM 6 min

DP World makes R12.7 billion offer to acquire Imperial

Imperial Logistics has received a buyout offer from DP World worth R12.7 billion. Business Day TV's Alishia Seckam spoke to Imperial’s CEO Mohammed Akoojee for more detail.

8 Jul 2021 2AM 7 min

Is the president disconnected from mining reality?

Writing in his weekly letter the president pointed out that mining contributes over half of our goods exports, around 10% of GDP and 5% of employment. It is a pillar of our capital goods industry. It is not a coincidence that when global metals prices peak, our economy and job…

8 Jul 2021 2AM 23 min

SARB positive on banks

South Africa’s Reserve Bank is optimistic about the banking sector but some analysts are wary, and have said that earnings will only gradually start recovering over the next three years as the country continues to battle with the effects from the pandemic. Business Day TV's Alishia Seckam discussed this in…

8 Jul 2021 2AM 5 min

From Transitory to Tapering

As we head into the second half of the year, the delta Covid variant is causing consternation in markets with recent flair ups in Asia and here at home a stark reminder that we are not out of the pandemic woods just yet. Market participants are also keenly awaiting the…

7 Jul 2021 2AM 28 min