Business News Leaders

Oil gains on OPEC supply curbs

The oil price continued its upward climb today after OPEC announced that it would be sticking to its plans to gradually restore supply to the market. Business Day TV discussed this in detail with chief commodities analyst at SEB markets, Bjarne Schieldrop.

2 Jun 2021 2AM 4 min

Nobel Prize laureate on the future of work after Covid

As millions around the world try to cope with the disruptions caused by the COVID-19 pandemic, the questions and challenges facing present and future generations of workers are thrown into starker relief. And it's at this time that we must increasingly be led by science. Scientific endevour is enjoying some…

2 Jun 2021 2AM 28 min

Adapt IT bidding war - what's with the Huge offer?

There's a bidding war for Adapt IT. Huge Group has upped its offer for the IT services and software solutions group. The telecommunications player is now offering over R9 a share for Adapt IT as opposed to its initial offer of R5.52 per share. Business Day TV spoke to Huge’s…

2 Jun 2021 2AM 7 min

Animal Spirits

May’s US employment report is the big event in the week ahead, as stocks enter the often-weak month of June. Stocks are finishing May with a mixed performance as the talk is still about when the fed will start tapering and whether inflation is truly transitory this time around as…

1 Jun 2021 2AM 26 min

The Purchasing Managers Index (PMI) compiled by Absa suggests that local factories are in good health as the latest read

The local bond market has shrugged off global inflation fears, with the R2030 firmer at 8.9% . Business Day TV's Alishia Seckam discussed the activity taking place in that space with Michelle Wohlberg from RMB.

1 Jun 2021 2AM 4 min

SA’s unemployment rate hits record high in Q1

South Africa's unemployment rate rose to a record high of 32.6% in the first quarter. Job losses were recorded mostly in the construction sector, followed by trade and private households as the economy continued to grapple with the impact of Covid-19. Business Day TV's Alishia Seckam spoke to Lullu Krugel,…

1 Jun 2021 2AM 7 min

SA factory activity continues to gain momentum

The Purchasing Managers Index (PMI) compiled by Absa suggests that local factories are in good health as the latest reading for May has come in at 57.8 points with four of the five sub-components remaining above the 50-point neutral mark that separates expansion from contraction. Business Day TV's Alishia Seckam…

1 Jun 2021 2AM 6 min

Tourism sector in focus as third wave looms

South Africa’s tourism sector is reeling from the impact of previous Covid-19 restrictions. Business Day TV spoke to Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council of SA about his outlook for the sector with the country now at adjusted Alert Level 2 lockdown.

31 May 2021 2AM 8 min

DMRE best of bad regulatory bunch

Once the greatest mining country on earth, South Africa’s annual mining production last year shrank 10.7 percent to its biggest annual decline since 1990, 31 years ago. South Africa now attracts less than 1% of annual global mineral exploration spend. Ongoing mineral exploration is the only way to ultimately sustain…

31 May 2021 2AM 26 min

Adcorp returns to profit

Adcorp is back in the black. The workplace solutions provider says its full-year performance was underpinned by aggressive cash flow management, non-core assets disposals and the introduction of cost savings initiatives. Business Day TV unpacked the results with CEO John Wentzel.

31 May 2021 2AM 7 min

The Week In Review

South Africa's vaccine rollout continues to be plagued by poor administration and execution. Nicholas Crisp, deputy director general in the National Department of Health, argues its not so simple. And that is the point. It really should be. This in a week where US President Joe Biden ordered the U.S…

28 May 2021 2AM 27 min

How Nigeria is giving Nampak a boost

Cost cutting measures and better than expected demand in Nigeria have given Nampak a boost. During the interim period the packaging company's headline earnings per share more than doubled to 17.6 cents. Joining Business Day TV with greater perspective on the numbers is the company's CEO, Erik Smuts.

28 May 2021 2AM 7 min

African Bank Holdings swings to profitability

Despite the negative impact that Covid-19 has had on the local economy, African Bank Holdings has returned to profitability. The company which owns 100% of lender, African Bank delivered an after-tax profit after R152m off the back of a 55% decline in bad debts. Business Day TV unpacked the company's…

27 May 2021 2AM 4 min

Net carbon zero by 2050 “unrealistic"

The South African government is forging ahead with its plans to develop and exploit the country’s oil and gas prospects, which have changed dramatically in recent years. In 2019 Total announced a gigantic gas find, the Brulpadda offshore exploration block, and a 2020 find in the adjacent Luiperd block increased…

27 May 2021 2AM 27 min

Pepkor's earnings skyrocket amidst the pandemic

Pepkor had a bumper first half. The retailer has posted a near 51% jump in headline earnings per share from continuing operations due to a solid operational performance and a lower debt level. Business Day TV unpacked the results with CEO Leon Lourens.

27 May 2021 2AM 8 min

19 weighs on Life Healthcare

Covid-19 continues to weigh on Life Healthcare. South Africa’s second-largest private hospital operator has reported a 9.6% slide in interim profit after tax as it grapples with increased costs due to the pandemic. Business Day TV spoke to the group’s CEO, Peter Wharton-Hood to find out if the firm’s balance…

27 May 2021 2AM 7 min

Ekurhuleni’s 2021/22 budget in focus

Ekurhuleni’s MMC for Finance Nkosindiphile Xhakaza has tabled the city's budget for 2021/2022 and Business Day TV caught up with Nkosindiphile Xhakaza to find out how Covid-19 has impacted spending priorities.

26 May 2021 2AM 6 min

Active funds shine as global economy recovers

The passive versus active debate has been raging for many years, but it seems active funds could come out tops going forward as analysts note that expensive markets and the prospect of increased volatility means it will be difficult for passive funds to beat actively managed products. Business Day TV…

26 May 2021 2AM 7 min

Patel’s Pay Plan: a red herring?

Alexis de Tocqueville observed that Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude. In his budget vote speech in the National Assembly, Trade Industry and Competition Minister Ebrahim Patel said…

26 May 2021 2AM 25 min

Treasury rejects DA proposal to allow leveraging of pension fund assets

National Treasury has rejected the Democratic Alliance's proposal to amend pension fund laws to allow members to access up to 75% of their retirement savings as a loan guarantee. Business Day TV's Alishia Seckam spoke to Ismail Momoniat, Treasury DDG for Tax and Financial Sector Policy for more insight

25 May 2021 2AM 8 min