Business News Leaders

Why the rand has lost some ground

The rand lost some steam today as it continued to digest President Cyril Ramaphosa's decision to move the country to an adjusted level 4 lockdown for the next two weeks. Business Day TV's Alishia Seckam discussed this in detail with RMB’s Matete Thulare.

29 Jun 2021 2AM 5 min

Why EOH is suing its former executives

EOH is suing its former directors, including ex-CEO Asher Bohbot, for their alleged failure to deal with corruption during their tenure. A statement from the technology firm says the move is a 'significant milestone in EOH's journey towards closing off its inherited legacy issues and holding those responsible for the…

29 Jun 2021 2AM 6 min

Is adjusted level 4 lockdown tight enough?

As the deadly Delta variant rips through South Africa, President Cyril Ramaphosa has moved the country to adjusted level 4 lockdown. But has this move come too late and is it enough to contain the third wave of infections? Business Day TV's Alishia Seckam spoke to the chair of the…

29 Jun 2021 2AM 7 min

AARTO on a collision course with OUTA

South Africa’s road deaths, which average 14 000 every year and are among the highest in the world, have been described as a national crisis. Besides the staggering human death toll, the economic cost of fatal accidents is estimated at R200bn. This is why the Administrative Adjudication of Road Traffic…

29 Jun 2021 2AM 25 min

How Invicta's streamlining efforts have paid off

Invicta believes its streamlining efforts are starting to take effect. The company has reported a return to profit in its year to end-March as it cut debt by over 50%. The firm has also made the decision to resume dividends. Business Day TV's Alishia Seckam caught up with Invicta CEO…

28 Jun 2021 2AM 5 min

Is SA's fourth alcohol sales ban necessary?

In response to the rapid rise in Covid-19 cases, government has taken the decision to ban alcohol sales for the next two weeks. The state believes this will ease the pressure on overburdened hospitals as the move will reduce alcohol-related emergency incidents. But the Beer Association of SA (BASA) says…

28 Jun 2021 2AM 9 min

Remembering Jabu Mabuza

Jabu Mabuza's untimely death due to Covid 19 has taken one the country's finest business leaders too soon. Mabuza is a former Board Chair of Telkom and Eskom and CEO of Tsogo Sun. As was the case when he left Tsogo Sun, Mabuza's hurried departure from Eskom opened other opportunities,…

28 Jun 2021 2AM 26 min

NEASA slams proposed amendment bill to promote equality

Civil society and business groups have raised concerns around proposed changes to the promotion of equality and prevention of unfair discrimination act, which they warn will unfairly harm businesses in South Africa and unfairly benefit and advance certain groups. Rona Bekker whose Senior Policy Advisor at the National Employers Association…

25 Jun 2021 2AM 7 min

Covid-19 Business Watch: The week in perspective

In a week where lost babies and lost iPads seemed to drown out another step in the right direction along the road of structural reform, some policy signals remain mixed. The establishment of the Transnet National Ports Authority as an independent subsidiary of Transnet. But some obvious questions remain about…

25 Jun 2021 2AM 25 min

The first mRNA Hub in South Africa

As Gauteng faces a third wave of covid infections that is starting to resemble a tsunami the slow pace of the country's vaccine rollout is brought into sharp and deadly relief. A major component of the slow rollout hinges on vaccine access. And although COVAX has distributed almost 40 million…

24 Jun 2021 1AM 27 min

What does slow vaccine rollouts in emerging markets mean for investors?

According to analysis from global investment manager Schroders, there is a clear correlation between the speed of a country's vaccination drive and the expectations for future economic growth. And this has an impact on the performance of local financial markets. Business Day TV's Alishia Seckam unpacked this in detail with…

24 Jun 2021 1AM 4 min

Karpowership deal in doubt

The department of forestry, fisheries and environment has rejected the environmental impact assessments submitted by Karpowership SA for all three of the ports where it intended to provide floating gas-fired power barges as a way to alleviate South Africa's power constraints. The company’s bid has also been under scrutiny as…

24 Jun 2021 1AM 6 min

Why Murray & Roberts is hopeful its power business can recover

Murray & Roberts' CEO Henry Laas says the company's power business is struggling to keep its head above water but the recently announced infrastructure plans by government to stimulate the economy should present opportunities and provide relief to the division. Business Day TV's Alishia Seckam caught up with Laas for…

24 Jun 2021 1AM 7 min

Could higher inflation prompt the Sarb to hike rates?

Inflation has accelerated to a 30-month high, rising to 5.2% in May on an annual basis. This puts price growth above the midpoint of the Reserve Bank's 3%-6% target band which is prompting some analysts to believe that the bank could hike interest rates sooner than expected. Business Day TV's…

23 Jun 2021 1AM 7 min

Why the UDM plans to challenge the SAA deal in court

The United Democratic Movement (UDM) says it's willing to go to court to challenge government's decision to sell a 51% stake in South African Airways (SAA) to the Takatso Consortium. The political party believes that the sale lacks detail and the involvement of Harith as part of the Takatso Consortium…

23 Jun 2021 1AM 7 min

Covid-19 Business Watch: Is SA’s carbon tax working?

With the Carbon tax having come into effect in June 2019 we are now two years into the regime. The issue is now on the government's radar, with President Cyril Ramaphosa writing in Business Day that SA will engage countries at the COP26 climate conference scheduled for November and at…

22 Jun 2021 1AM 26 min

Construction sector’s recovery eases

South Africa’s construction sector recovery slowed in the first quarter. Afrimat’s index for the industry declined to 109 points, driven by seasonal effects as well as the second wave of Covid-19. Business Day TV's Alishia Seckam spoke to Independent Economist, Roelof Botha for more insight.

22 Jun 2021 1AM 5 min

How Omnia improved its financial position

Chemicals and fertilisers group Omnia has succeeded in improving its financial position by settling debt and this has allowed the firm to resume paying dividends. Business Day TV's Alishia Seckam spoke to Omnia CEO Seelan Gobalsamy about the company’s prospects now that it’s balance sheet is in a better condition.

22 Jun 2021 1AM 7 min

Why EPP is optimistic about its future prospects

EPP, which operates malls in Poland, says that it’s optimistic about the future. That’s as Poland makes progress with its vaccination programme and eases lockdown restrictions so that consumers can once again return to shopping centres. Business Day TV's Alishia Seckam caught up with EPP CEO Tomasz Trzósło for more…

22 Jun 2021 1AM 8 min

How PPC plans to improve its financial position

PPC's annual headline profit from continuing operations has fallen by more than two thirds as the Zimbabwean dollar's collapse against the rand offset the positive effects of resilient demand fo​r key products in some of the firm's markets. Business Day TV's Alishia Seckam caught up with PPC CEO Roland van…

21 Jun 2021 2AM 6 min