Business News Leaders

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

Why herd immunity remains outside SA's reach

The widely circulating coronavirus variants and ongoing vaccines hesitancy is keeping South Africa’s herd immunity goal out of reach. Scientists and experts are warning that the country will not reach herd immunity this year, or even next year. Business Day TV spoke to vaccinology expert Shabir Madhi to discuss government’s…

4 Jun 2021 2AM 7 min

What to expect from SOEs in the coming weeks

The financial and operational performance of State Owned Enterprises will be highlighted over the coming weeks as SOEs enter another results season. Concerns remain that below par results and operational challenges will further impact South Africa’s under-pressure economy. Business Day TV's Gary Alfonso spoke to Jones Gondo of Nedbank CIB…

3 Jun 2021 2AM 5 min

Salesforce

Caroline Cremen from Adviceworx chose Salesforce as her stock pick of the day. "It's actually a very good day to buy if you're all at your trading systems, it's a company by the name of Salesforce. It's an enterprise software that provides businesses of cloud solutions, I think I've chatted…

3 Jun 2021 2AM 7 min

EVDS = Eventually Very Delayed Shots

As of Tuesday, South Africa had vaccinated over one million people under the Sisonke drive and the Pfizer vaccine rollout. But over 60’s are still waiting weeks for their sms after registering on the electronic vaccination database system (EVDS) and there are reports of people just walking into sites and…

3 Jun 2021 2AM 27 min

Global Bank of Canada

The financial and operational performance of State Owned Enterprises will be highlighted over the coming weeks as SOEs enter another results season. Concerns remain that below par results and operational challenges will further impact South Africa’s under-pressure economy. Business Day TV's Gary Alfonso spoke to Jones Gondo of Nedbank CIB…

3 Jun 2021 2AM 7 min

Spur expands its offering

Spur is expanding its offering. The restaurant chain has been hard hit by various lockdown measures that have kept consumers out of restaurants and it's now opened its first drive through restaurant to broaden its appeal. Business Day TV's Bronwyn Seaborne spoke to CEO Val Nichas for more insight.

3 Jun 2021 2AM 7 min

Jubilee expands footprint in PGM-rich Bushveld Complex

Jubilee Metals has inked a PGM supply agreement which will see the metals processing group expand into the mineral-rich Bushveld Complex. Business Day TV's Bronwyn Seaborne spoke to Leon Coetzer, CEO of Jubilee Metals for more detail on what the deal means for the company.

3 Jun 2021 2AM 5 min

Competition Commission serves up disappointment for Grand Parade

Grand Parade's hopes of selling its struggling Burger King assets to Emerging Capital Partners (ECP) for close to half a million rand has been dashed. The Competition Commission has prohibited the sale due to ECP's lack of diversity arguing that the deal would not serve the public's interest. Business Day…

2 Jun 2021 2AM 6 min