Business News Leaders

Unpacking the Naspers-Prosus share swap

Naspers says it will hold off on declaring an annual dividend until there is clarity on how its share swap transaction with its subsidiary Prosus will proceed. The proposed deal has received some criticism, with a number of asset managers saying the transaction will increase the complexity of the Naspers…

21 Jun 2021 2AM 7 min

Government flicks switch on power reform

South Africa's private sector has welcomed the government's decision to lift the licensing threshold for embedded generation projects to 100 megawatts. Business Day TV discussed this move in detail with Keith Webb from RMB.

21 Jun 2021 2AM 3 min

Green hydrogen promising potential if projects get permits in a row

As the world moves along the path to a zero-carbon future – several countries are developing green hydrogen road maps to support decarbonisation of their economies by 2030, with many major corporates committing to carbon neutrality by 2030 or 2040. Synthetic fuels and chemicals company Sasol said it is in…

21 Jun 2021 2AM 27 min

How business preferences are changing

This week’s look into the Future of Business, we focus on how the behaviour and preferences of businesses are changing as the world emerges from the harsh Covid-19 economic realities – and how technological innovation is driving solutions and creating opportunities. Business Day TV speaks to Nedbank CIB’s Head of…

17 Jun 2021 2AM 7 min

Retail sales soar in April

Retail activity surged in April, with sales registering an increase of 95.8% on an annual basis. The performance comes off a relatively low base as sales were constrained last year, due to lockdown measures. Business Day TV unpacked the print with Reezwana Sumad from Nedbank CIB.

17 Jun 2021 2AM 6 min

Access Bank launches SA offering

Nigerian banking giant Access Bank is entering the South African market. The group has launched a retail bank in SA and plans to open four branches before the end of the year. Business Day TV's Alishia Seckam discussed these plans in detail with the MD of Access Bank South Africa…

17 Jun 2021 2AM 17 min

MultiChoice posts higher annual earnings

MultiChoice has reported a 32% rise in annual core headline earnings. The pay-TV group has cited an improvement in trading profit and realised foreign exchange movements, as well as a reduction in losses by its Rest of Africa segment. Business Day TV spoke to Tim Jacobs, CFO of MultiChoice for…

10 Jun 2021 2AM 7 min

Commission’s ‘BEE’f with Burger King causes business borborygmi

In one of the most hotly debatable recommendations in recent memory the Competition Commission last week opened the Pandora’s box of public interest assessment conditions, which were inserted into the law via the Competition Amendment Act of 2018, when it ruled that the proposed takeover of Burger King by a…

10 Jun 2021 2AM 26 min

Mining output surges in April

Mining production more than doubled in April when compared to output from the same month a year ago when South Africa was in the throes of hard lockdown. But if this low base effect is removed, what does the data reveal about where the mining sector is headed? To find…

10 Jun 2021 2AM 4 min

TFG worn down by lockdown

TFG had a tough year. The retailer has posted a near 81% plunge in annual headline earnings per share, as the pandemic and resultant lockdowns weighed on its operations. Business Day TV unpacked the numbers with CEO Anthony Thunström.

10 Jun 2021 2AM 7 min

COVID relief measures weigh on Vukile

Lockdown measures are weighing on Vukile Property Fund. The landlord, which owns shopping malls in South African and Spain, has posted a 20% fall in annual net property income. That decline is largely due to tenant relief measures provided during the period. Business Day TV unpacked the performance with CEO…

9 Jun 2021 2AM 7 min

Business confidence hits a 3-year high

South African business confidence improved in the second quarter. The RMB/BER morale indicator shows that sentiment is at a better level than it was before the Covid-19 pandemic. Business Day TV unpacked the print with Ettienne le Roux, Chief Economist at RMB

9 Jun 2021 2AM 6 min

Why global M&A activity is surging

Dealmakers are set to have have a record breaking year with global mergers and acquisitions totalling $2.4 trillion so far this year. Business Day TV discussed what's driving the activity with Herbert Smith Freehills partner, Rudolph du Plessis.

9 Jun 2021 2AM 4 min

SA’s first-quarter GDP print surprises to the upside

South Africa's economy is showing signs of recovery. Growth for the first three months of the year on an annualised basis, has come in at 4.6% quarter on quarter. That's largely thanks to a pickup in household spending, mining and finance sector activity. Business Day TV unpacked the print with…

8 Jun 2021 2AM 7 min

Rising commodity prices work in the rand's favour

The rand took a breather today but it's still trading under the key R14 to the dollar mark as it benefits from rising commodity prices. Business Day TV caught up with RMB's fixed income and currency strategist, Varushka Singh for more insight.

8 Jun 2021 2AM 4 min

SMEs not yet out of the woods

As vaccine rollouts begin in South Africa, many businesses are still reeling from last year’s harsh lockdown regulations. Some have barely survived, others have not. For corporate South Africa to truly return to normal, most of the population will need to be vaccinated. From March to April 2020, the hard…

8 Jun 2021 2AM 26 min

Sirius Real Estate resilient amid the pandemic

Sirius Real Estate has raised its annual dividend by over 6%. The business parks operator says it has delivered a set of strong results despite challenging conditions, and is ready to take advantage of acquisition opportunities given its balance sheet strength. Business Day TV unpacked the performance with CEO Andrew…

7 Jun 2021 2AM 7 min

Thungela Resources lists on the JSE

Thungela Resources has joined the JSE. The coal miner is a spin off from Anglo American, and its listing comes as investors and funders increasingly shun fossil fuels due to growing climate change concerns. Business Day TV spoke to CEO July Ndlovu about Thungela's investment case.

7 Jun 2021 2AM 7 min

Steel prices hurt localisation drive

Trade, industry & competition minister Ebrahim Patel stated the obvious in his budget speech recently by saying that “SA’s import to GDP ratio is too high for a country that desperately needs more jobs”. He was also on point in stating that “competitiveness and industrial agility are critical to longer-run…

7 Jun 2021 2AM 24 min

The week in perspective

Two important official documents on how to better manage SA’s unruly public finances have been the National Treasury’s (NT) recent draft framework of a zero-budgeting approach to SA’s fiscal challenges and the Financial & Fiscal Commission’s (FFC) recommendations this week to the NT on the 2022 Budget framework. According to…

4 Jun 2021 2AM 25 min