Business News Leaders

Will Sappi have a better second-half?

Sappi may have slipped into the red during the group's first-half but the packaging and paper firm is seeing some green shoots as it says that the increase in the price of dissolving pulp will boost profits going forward. Business Day TV's Alishia Seckam caught up with Sappi CEO Steve…

6 May 2021 2AM 6 min

Saldanha Bay Industrial Development Zone receives R3.5bn investment

The Saldanha Bay Industrial Development Zone has received a R3.5 billion investment for its port expansion project, which is expected to boost economic growth. Business Day TVs Alishia Seckam spoke to Kaashifah Beukes, CEO of the Saldanha Bay Industrial Development Zone for more detail.

6 May 2021 2AM 8 min

Kaap Agri reinstates its interim dividend

Kaap Agri has delivered a solid half-year performance, reporting a 24% jump in headline earnings as trading conditions in its retail categories improved. This has allowed the firm to reinstate its interim dividend. s Alishia Seckam unpacked the numbers with the company’s CEO, Sean Walsh.

6 May 2021 2AM 3 min

How SA miners are dealing with energy challenges

The Minerals Council SA has noted the energy challenges faced by miners in the country as they have to contend with surging electricity prices and power cuts. Business Day TV's Alishia Seckam spoke to MCSA chief economist Henk Langenhoven about how this situation is prompting miners towards self-generation.

5 May 2021 2AM 8 min

Gold Fields gets green light for solar plant

Gold Fields has been given the go-ahead by the group's board to spend R660m on what will be the largest solar power plant in South Africa's mining industry. The project will help the firm reduce its reliance on Eskom for electricity and in the long run it will also help…

5 May 2021 2AM 6 min

Why is the SPAC spigot tightening?

More than a few market analysts have declared that 2021 is the year of the SPAC. Otherwise known as a special purpose acquisition company or a blank check company, a SPAC is a publicly traded entity that exists solely to raise money and acquire an existing private company. SPACs have…

5 May 2021 2AM 25 min

Will rand strength last?

We have a love hate relationship with the rand. It represents our hopes and fears as it rises and falls, so too does the national mood it seems. It is our collective share price on SA Inc. Born on February 14, 1961, the rand has gone from global pariah to…

4 May 2021 2AM 25 min

The state of government’s finances

The state’s spending levels are too high for the country’s tax base. The gap between revenue and expenditure have increased significantly this year, lifting the main budget deficit to 12.3% of GDP. Business Day TV's Alishia Seckam discussed some of the country’s fiscal pressures with RMB’s Economist Siobhan Redford.

4 May 2021 2AM 4 min

Jackie van Niekerk takes the helm at Attacq

Attacq has a new CEO in the driving seat, and the group's biggest development Mall of Africa recently turned five. Alishia Seckam caught up with Attacq CEO Jackie van Niekerk for a business update and what that reveals about South Africa’s retail sector and the economy.

4 May 2021 2AM 8 min

Equites ups distribution and eyes further growth

Equites' focus on logistics property paid off during its full-year. The company collected almost all of its rent and has raised its payout to shareholders, as the pandemic drove the need for storage and warehousing with many retailers having to pivot to deal with increased e-commerce demand. Business Day TV's…

4 May 2021 2AM 7 min

Animal Spirits – Sell in May?

The old adage of sell in may looms large over markets at the moment. Despite ending the day and the week weaker, the local bourse ended the month of April firmer, with listed property surging 9.9%, industrial metals 4.5% and resources gaining 2.93%. The rand gained about 2% to the…

3 May 2021 2AM 24 min

Can factory activity continue to expand?

Factory activity eased slightly in April, according to the Absa manufacturing PMI which came in at 56.2 points during the period from 57.4 points previously. The index however has remained above the key 50-point mark that separates expansion from contraction for nine months. Business Day TV's Alishia Seckam spoke to…

3 May 2021 2AM 7 min

Is the worst over for the automotive sector

Covid-19 lockdown measures weighed heavily on vehicle sales last year but the industry seems to be recovering as consumers gain confidence in South Africa’s economic recovery. This is welcome news for automotive players like Motus who are looking to grow their operations. Business Day TV's Alishia Seckam spoke to Osman…

3 May 2021 2AM 8 min

Covid-19 Business Watch: The Week In Review

It's been a crucial week in the political economy of the buggered and beloved country, with the ANC president appearing before the State Capture Commission, defending his party's disastrous cadre deployment policies, offering platitudes of governance reform, while allowing a critical 30-day step aside deadline to deal with corruption to…

30 Apr 2021 2AM 23 min

C19 Share Shootout US Edition

We’re in the midst of US earnings season, so the focus is on US listed investment instruments. Offshore assets are a critical component of a balanced investment portfolio. The reasons are straight forward. Investing internationally provides diversification and access to companies and industries that you can’t find locally. SA is…

29 Apr 2021 2AM 26 min

What’s driving the rally in metal prices?

Industrial metals like copper, iron-ore and aluminium are making gains. This comes as hopes for a global economic recovery stoked demand for more cars, electronics and infrastructure. Business Day TV's Alicia Seckam discussed how sustainable this rally is with Seleho Tsatsi from Anchor Capital.

29 Apr 2021 2AM 4 min

What is Business' reaction to Ramaphosa's state capture testimony

President Ramaphosa has concluded his two-day testimony at the Zondo Commission. He provided details related to his election funding campaign and insight regarding how the ruling party works. Business Day TV spoke to Martin Kingston, Vice President of Business Unity SA for his assessment of the president's testimony.

29 Apr 2021 2AM 8 min

ACSA lifts suspension on cash-strapped Mango

Cash-strapped Mango has been cleared to fly after the Airports Company of South Africa lifted a suspension related to missed fee payments. The carrier has been facing financial difficulty in the wake of Covid-19 and Business Day TV's Alishia Seckam ​spoke to aviation expert Joachim Vermooten for a look at…

28 Apr 2021 2AM 6 min

Ramaphosa testifies at State Capture Inquiry

President Cyril Ramaphosa testified at the State Capture Inquiry, and said the ANC should have done more to prevent corruption. Business Day TV's Alishia Seckam spoke to Political analyst Daniel Silke for his views. ​

28 Apr 2021 2AM 8 min

Global inflation fears spook bond market

Rising inflation fears and expectations of monetary policy tightening have weighed on the global bond market, and this has filtered through to the local market. Business Day TV's Alishia Seckam spoke to RMB’s Michelle Wohlberg about the activity playing out in the fixed income space.

28 Apr 2021 2AM 4 min