Business News Leaders

How can SA boost investment in infrastructure?

Business Leadership South Africa has launched a report on solutions to boost infrastructure investment and to improve investment rates towards the 30% target set by the National Development Plan. Business Day TV's Alishia Seckman unpacked the report in detail with BLSA’s chair, Nonkululeko Nyembezi.

26 Mar 2021 2AM 9 min

The week in review

It’s been a busy week from a container ship blocking the Suez Canal, to the Zuma faction continuing to try and block the constitution, we are guaranteed that one will eventually be dislodged. In an ominous statement sent out late on Thursday night, former president Zuma issued a scarcely veiled…

26 Mar 2021 2AM 25 min

Why is RisCura betting on impact funds?

Purpose-driven investment firm RisCura has launched the country's first impact fund of funds series which will cover three distinct asset classes including unlisted debt, unlisted property and unlisted equity. Business Day TV's Alishia Seckam caught up with RisCura's MD Malcolm Fair for more detail.

25 Mar 2021 2AM 4 min

Sarb stands pat on rates

The Reserve Bank has maintained its benchmark interest rate at 3.5%. Governor Lesetja Kganyago said the decision was unanimous, as the monetary policy committee anticipates a rise in inflation. Business Day TV's Alishia Seckam spoke to Peter Worthington, Senior Economist at Absa for his view on the decision.

25 Mar 2021 2AM 5 min

Finding the value in the commercial property sector

Commercial property is a key aspect of any country's business and economic landscape and to say the sector has had challenges in South Africa during the last year would probably be the understatement of the decade, but some other sector is showing some resilience and innovation in some areas and…

25 Mar 2021 2AM 5 min

New SME Scale Up Programme To Catapult Gazelles Abroad

The South African economy and jobs market will reap the benefits if we are able to accelerate the growth and extend the reach of high-impact local entrepreneurs onto the global stage; and this is already happening. This is according to Adrian Gore, CEO of Discovery and Chair of the SA…

25 Mar 2021 2AM 25 min

Remgro trims interim dividend

Remgro has trimmed its interim dividend after its investee companies, FirstRand and Mediclinic, were hard hit by the effects of the Covid-19 pandemic. Business Day TV's Alishia Seckam spoke to Jannie Durand, CEO of Remgro for more detail.

25 Mar 2021 2AM 6 min

How should SA grow its platinum industry

South Africa holds more than 80% of the world's platinum reserves and today the fourth annual PGM Industry Day took place looking at how to maximise returns from the sector by tackling issues that hinder the industry's growth. Business Day TV's Alishia Seckam spoke to the chair of the event…

24 Mar 2021 2AM 7 min

CPI slows to 8-month low in February

Annual inflation slowed to an 8-month low of 2.9% in February as food prices moderated. Business Day TV's Alishia Seckam unpacked the print in detail with RMB economist Mpho Molopyane.

24 Mar 2021 2AM 7 min

Empathic leadership required in the post-COVID era

A year into the Covid 19 pandemic and the world is suffering a second pandemic of stress. Every responsible senior business leader wants to know what changes employees want in the post-COVID era. Many of the traits that have always been important for managers — empathy, clarity, authenticity, and agility…

24 Mar 2021 2AM 26 min

Why Old Mutual decided to proceed with a dividend payment

Old Mutual has restored its dividend even as Covid-19 weighed on the business causing it to post a total annual loss of R5.7bn. Business Day TV's Alishia Seckam spoke to Old Mutual CEO Iain Williamson about the decision

23 Mar 2021 2AM 6 min

How AdvTech survived Covid-19

AdvTech's ability to adapt in the midst of the Covid-19 pandemic has stood it in good stead. The private education group managed to quickly switch to online schooling when South Africa went into hard lockdown and this helped lift annual revenue by 8%. Business Day TV's Alishia Seckam spoke to…

23 Mar 2021 2AM 4 min

How Attacq plans to deal with the fallout from Covid-19

Mall owner Attacq’s interim distributable earnings have more than halved as the landlord forked out close to R54m in rental discounts to help tenants impacted by Covid-19. Business Day TV's Alishia Seckam spoke to Melt Hamman, CEO of Attacq for his take on the performance and what it spells for…

23 Mar 2021 2AM 5 min

Banking on better days

Banks and financials fell 7,5% and 5,5% respectively last week as the 2020 earnings season revealed what many had feared, the bulk of the banks suffered swinging losses due to Covid. According to an overview of banks’ results by PwC, aggregate headline earnings for all of the banks declined by…

23 Mar 2021 2AM 24 min

Covid-19 Business Watch — The Week That Was

We had some welcome good news this week with the announcement of the preferred bidders for the emergency procurement of 2000MW of power set to create a wave of R45bn worth of investment into the local economy. But that was tempered by Minister Mantashe capping self gen at 10MW. While…

19 Mar 2021 2AM 25 min

Nedbank Future of Business — Investing in startups

In this segment of the future of business with Nedbank, we focus on an investment class that score to the growth of any country's economy we're talking about investing in startups the pros and cons and the role that startups play in an environment heavily impacted this time by covert…

19 Mar 2021 2AM 7 min

How Exxaro rewards shareholders with a record ordinary dividend

Exxaro has pumped cash during its full year thanks to higher coal exports and a weaker rand. This has led the company to declare a record ordinary dividend of R12.43 and a special dividend of R5.43. Business Day TV's Alishia Seckam spoke to Exxaro CEO Mxolisi Mgojo for more detail.

18 Mar 2021 2AM 9 min

Metair's tale of two halves

Automotive parts manufacturer Metair was hard hit during the first-half of its financial year as Covid-19 weighed in demand for the group’s products but trading conditions improved in the second half and so that the company has decided to reinstate its dividend. Business Day TV's Alishia Seckam spoke to Riaz…

18 Mar 2021 2AM 7 min

Rain boosts ARC Investments

African Rainbow Capital (ARC) Investments’ interest in Rain is paying off. The data-only network provider benefitted from a surge in demand during the Covid-19 lockdown and this has given ARC’s portfolio a boost. Business Day TV's Alishia Seckam unpacked this in detail with ARC’s Co-CEO, Johan van der Merwe.

18 Mar 2021 2AM 4 min

Is this a new PGM paradigm?

It’s been a blisteringly red hot run for the country’s platinum group metals miners. It’s worth repeating the recent earnings numbers. Amplats reported a record EBITDA of R41.6 billion, Sibanye Stillwater’s EBITDA increased by 230% year-on-year to more than R49 billion, Implats EBITDA rose by 231% to just over R25…

18 Mar 2021 2AM 26 min