Business News Leaders

Budget Review — the terror of the hippos jaws

Next week's budget and the terror of the hippos jaws looms large. Recalling the Finance Minister's words during the October Medium Term Budget Policy Statement he invoked Madiba in stating that we are fiscally at a moment not unlike that in 1994. We must rebuild our economy, rehabilitate our public…

19 Feb 2021 12AM 23 min

Why Sibanye-Stillwater plans to invest R6.8bn in SA

Sibanye-Stillwater is planning to invest R6.8bn in SA projects. This includes the K4 mine which the company acquired when it bought Lonmin. The miner's CEO Neal Froneman, however says the investments shouldn't be seen as a sign of confidence in the country as policy uncertainty, electricity supply constraints and the…

18 Feb 2021 1AM 7 min

Gold Fields eyes year of big spending

Gold Fields says it will be a big spender in 2021 as it looks to fund growth opportunities and sustain operations so that it can keep production above two million ounces a year. Business Day TV's Alishia Seckam spoke to the miner's CEO, Nick Holland for more detail on the…

18 Feb 2021 1AM 7 min

Data shows surprising jobs bounce back

During the peak of the first wave last year a study conducted by an academic consortium which became known as NIDS CRAM offered policymakers unrivalled insights into almost real time impacts of the coronavirus lockdown on households across the country. Yesterday Wave 3 was published and the findings are equally…

18 Feb 2021 1AM 25 min

Why inflation ticked up in January

Inflation increased slightly in January to an annual rate of 3.2%. The latest print shows that inflation remains well below the mid-point of the reserve banks target band of 3% to 6%. This has sparked some hope amongst analysts that another interest rate cut could be on the cards. Business…

17 Feb 2021 1AM 4 min

SAA receives extra R5bn to help with severance packages

SAA has received an additional R5 billion from government to assist with the payment of severance packages. Business Day TV's Alishia Seckam spoke to Christopher Shabangu, Chair of the SA Cabin Crew Association for more detail.

17 Feb 2021 1AM 8 min

South Africa must avoid mining own goals

Michael Avery talks to a panel about the attractive commodity levels and that government might want to score an own goal

17 Feb 2021 1AM 25 min

Emira declares dividend amid Covid-19 hit

Emira Property Fund has rewarded shareholders with an interim dividend of 52 cents per share. The payout comes even as the group has reported a near 14% slide in distributable earnings for the period. Business Day TV's Alishia Seckam spoke to CEO Geoff Jennett for more on the numbers.

17 Feb 2021 1AM 7 min

DRD Gold shines in H1

A surge in the gold price has given DRDGold a boost. The tailing specialist's half-year headline earnings per share more than doubled while revenue shot up by 41%, allowing the group to up its interim dividend by 60%. Business Day TV spoke to Niël Pretorius, CEO of DRDGold for his…

16 Feb 2021 1AM 7 min

Incubating the golden mining goose

We are in the early phases of another commodity upswing that has all the hallmarks of another super cycle, driven in large parts by China again and its expansive belt and road policy as well as the world looking to leverage infrastructure to catalyse growth in the aftermath of the…

16 Feb 2021 1AM 26 min

Investors continue to bet on SA bonds

South African bonds may have been dropped from the FTSE World Government Bond Index but investors are still seeing value in local bonds, saying that the yield advantage will keep foreigners buying. Business Day TV spoke to RMB’s Varushka Singh for her perspective on the fixed income scene.​

16 Feb 2021 1AM 3 min

Higher gold price gives Pan African a boost

Pan African Resources has benefitted from a higher gold price. The group's interim profit nearly doubled during the period, and the firm expects the momentum to continue. Business Day TV unpacked the results with Cobus Loots, CEO of Pan African Resources.

16 Feb 2021 1AM 5 min

Tax Tips for Tito Mboweni

Finance Minister Tito Mboweni will table the national budget next week and taxes are expected to be a focal point in the spending plan. Business Day TV spoke to Sharon Smulders, Project Director of Tax Advocacy at Saica for some tips for the minister ahead of his address.

15 Feb 2021 1AM 6 min

What's driving the fifth commodity supercycle?

Commodities have started the year on a good note, and recovered from the lows seen in 2020 . The rally has triggered speculation that a new commodity supercycle is underway and Business Day TV discussed this in detail with Arnold van Graan from Nedbank CIB.

15 Feb 2021 1AM 5 min

2021 Budget preview

Finance Minister Tito Mboweni has a tough balancing act ahead of him. The Minister is set to present the country's spending plan next week, which comes amid weak economic growth and as the state needs to fund the Covid-19 vaccine programme. Business Day TV spoke to Maarten Ackerman, Chief Economist…

15 Feb 2021 1AM 8 min

S12J sunset clause — industry urges Treasury not to throw baby out with the bathwater

As Covid-19 causes our fiscal deficit to bulge even further, perhaps a little less than anticipated thanks to the recent better than expected tax take numbers for November and December, what role should and could incentives such as Section 12J play in supporting smes through this crisis and int the…

15 Feb 2021 1AM 25 min

What financing options are there for infrastructure?

Government has emphasised that infrastructure is critical for economic development, and that a clear plan for funding and financing infrastructure would be necessary to accelerate investment. Business Day TV spoke to RMB’s investment strategist, Elena Ilkova for more detail.​

12 Feb 2021 1AM 5 min

SONA — The fynbos fiddler

South Africans, the few who chose to watch last night's virtual State of the Nation address, and many who preferred to skip it and get the highlights of promises made and broken, were searching for signs of light to gauge how far down the tunnel we actually are. So how…

12 Feb 2021 1AM 27 min

Why the aviation industry continues to attract investors

Head of Aviation Finance at Nedbank Corporate and Investment Banking, James Geldenhuys, talks to Business Day TV about the risks and opportunities in the sector.

11 Feb 2021 1AM 6 min

COIDA Amendment: Protecting workers or avoiding accountability?

As increasing numbers of employees return to the workplace with the easing of lockdown levels, cases of occupationally acquired Covid-19 are likely going to rise again into winter and then persist until a vaccine becomes widely available. It is worried that the Compensation Fund, which has a long and undistinguished…

11 Feb 2021 1AM 25 min