Business News Leaders

Treasury changes tac on tax incentives

There is a bigger story beyond the sun setting on the s12J incentive. National Treasury indicated in the 2020 budget that the government is reducing the number of tax incentives in the tax system, and the 2021 budget has reminded taxpayers that four further tax incentives are scheduled to lapse…

9 Mar 2021 1AM 25 min

SA economy suffers worst slump since 1946

South Africa has recorded its biggest annual growth slump in more than seven decades. The economy contracted by 7% in 2020, marginally better than National Treasury’s forecasts. Business Day TV's Alishia Seckam spoke to Nicky Weimar, Chief Economist at Nedbank for her view on the print, and what it means…

9 Mar 2021 1AM 7 min

Covid-19 weighs on Massmart

Massmart has been hard hit by Covid-19 with the retailer estimating that the pandemic cost it R6.1bn in lost sales due to lockdown restrictions. Business Day TV's Alishia Seckam spoke to Massmart CEO Mitchell Slape for more detail.

8 Mar 2021 1AM 7 min

Sibanye’s Neal Froneman calls for mega mining merger

Sibanye-Stillwater’s CEO Neal Froneman has suggested that the country's top miners of the yellow metal consolidate. This would result in a merger between Sibanye, Gold Fields and AngloGold Ashanti. Business Day TV's Alishia Seckam spoke to Mining Analyst Peter Major, for his views on the proposal.

8 Mar 2021 1AM 5 min

Why has sentiment soured on emerging markets?

The rush into emerging market assets is facing its first serious test as rising US interest rates weigh on sentiment. Business Day TV's Alishia Seckam discussed this in detail with RMB’s SA economist Siobhan Redford.

8 Mar 2021 1AM 5 min

Electoral reform offers hope

Ask most executives about what they would like to see more of in South Africa and they will say accountability is in the top 3, along with growth. Without political accountability actions will continue to be seen to be serving the party ahead of the constituents these leaders are elected…

8 Mar 2021 1AM 24 min

Covid-19 weighs on Massmart

Massmart has been hard hit by Covid-19 with the retailer estimating that the pandemic cost it R6.1bn in lost sales due to lockdown restrictions. Business Day TV's Alishia Seckam spoke to Massmart CEO Mitchell Slape for more detail.

8 Mar 2021 1AM 24 min

Cost control measures boost Mpact

Cost control measures have worked in Mpact's favour as the firm managed to almost double the cash generated from its operations despite only a small rise in annual revenue. Business Day TV unpacked this in more detail with the group’s CEO Bruce Strong.

5 Mar 2021 1AM 7 min

Grindrod narrows its annual headline loss

Grindrod says its core businesses delivered a robust performance during its full-year as its ports, terminals and logistics units recovered in the second-half. Business Day TV's Alishia Seckam unpacked the performance with CEO Andrew Waller

5 Mar 2021 1AM 4 min

A Year of Covid 19

In the last 12 months we’ve seen the public sector wage bill balloon to 47% of government revenue, and in the recent budget the Finance Minister took the bold but necessary decision to stick to his guns on public sector wages. This week the public sector unions showed him and…

5 Mar 2021 1AM 25 min

Liberty reports headline loss of R1.54 billion

The pandemic has weighed on Liberty's turnaround plan. The financial services group has reported an annual loss of R1.54 billion, and it does not expect the current climate to improve in the short-term. Business Day TV's Alishia Seckam unpacked Liberty's annual performance with its CEO David Munro.

4 Mar 2021 1AM 8 min

FirstRand eyes economic recovery

FirstRand is cautiously optimistic about an economic recovery. The banking group has declared an interim dividend amid a 21% decline in normalised earnings. Business Day TV's Alishia Seckam spoke to Alan Pullinger, CEO of FirstRand for more detail.

4 Mar 2021 1AM 6 min

Grindrod narrows its annual headline loss

Grindrod says its core businesses delivered a robust performance during its full-year as its ports, terminals and logistics units recovered in the second-half. Business Day TV's Alishia Seckam unpacked the performance with CEO Andrew Waller

4 Mar 2021 1AM 4 min

Watch: Rebuilding SA’s Soft Power

Michael Avery talks to a panel about the Global Soft Power Summit 2021

4 Mar 2021 1AM 24 min

ARM posts record interim earnings

Diversified miner African Rainbow Minerals, like many of its counterparts, is enjoying the benefit of higher metal prices. ARM has reported a 134% surge in interim headline earnings, allowing the company to double its dividend payout. Business Day TV's Alishia Seckam spoke to Mike Schmidt, CEO of ARM for more.

3 Mar 2021 1AM 7 min

Covid-19 weighs on Brimstone's investments

Brimstone has been hampered by the performance of some of the firms its invested in, and this has resulted in a 1.9% fall in its intrinsic net asset value. Business Day TV's Alishia Seckam discussed the year that was for the company with CEO Mustaq Brey.

3 Mar 2021 1AM 4 min

Murray & Roberts eyes turnaround as order book grows

Murray and Roberts has slipped into the red. The specialist engineering group​​ has reported an interim loss of R167 million but the firm believes a significant turnaround is on the cards, due to the performance of its order book. Business Day TV's Alishia Seckam unpacked the results with CEO Henry…

3 Mar 2021 1AM 7 min

EU highlights obstacles to a bright green economic recovery

This year could be crucial for an inclusive global, green recovery that focuses on renewable energy, green jobs, and ensures social protection for the most vulnerable in South Africa, but, as energy expert Professor Anton Eberhard pointed out in the Sunday Times, Ministers are holding up energy reforms, keeping SA…

3 Mar 2021 1AM 25 min

Calm returns to bond markets

Calm has returned to global bond markets after last week's sell-off and Business Day TV's Alishia Seckam discussed why with Michelle Wohlberg from RMB.

2 Mar 2021 1AM 4 min

DIY demand boosts Cashbuild

The changes brought about by the coronavirus pandemic have had a positive impact on Cashbuild. South Africa's biggest building materials retailer has seen increased demand for DIY items as many people take on projects in their homes to keep busy during lockdown and this has led to the group's profit…

2 Mar 2021 1AM 6 min