Business News Leaders

ARB sets sights on growth opportunities

ARB Holdings has shrugged off the impact of SA's Covid-19 related lockdown to report a near 26% jump in interim headline earnings per share and a tripling of cash on hand to R305mn. The group says its healthy balance sheet now puts it in a position to expand and make…

11 Feb 2021 1AM 4 min

Demand for home renovations gives Italtile a boost

The Covid-19 pandemic has worked in Italtile's favour with demand for home renovations surpassing expectations during the group's interim period. This, along with cost-saving measures and operational efficiencies helped the company generate turnover growth of 14% while profits grew by 42%. Business Day TV spoke to Jan Potgieter, CEO of…

11 Feb 2021 1AM 7 min

Expectations for SONA 2021

All eyes will be on President Ramaphosa as he delivers the State of the Nation Address tomorrow. South African citizens and the business community are keen to see what government sets out as its key priorities for this year, and how it plans to drive economic change. Business Day TV…

10 Feb 2021 1AM 7 min

Will SA’s vaccine drive kickstart the economy?

SA’s vaccine rollout is not going as planned with recent research showing that the AstraZeneca shot is less effective against the strain of the a Covid-19 virus that is prevalent in the country. This has prompted the state to rethink its strategy and talks are currently underway to see if…

10 Feb 2021 1AM 8 min

Engineering a solution to slow infrastructure rollout

Infrastructure remains the centrepiece of the Reconstruction and Recovery plan, which promises to enable a significant expansion in the delivery of public infrastructure, creating jobs, unlocking investment and boosting aggregate demand. But research firm Intellidex points out that there remain serious chicken/egg problems around required PFMA/MFMA/PPP regulatory changes to meaningfully…

10 Feb 2021 1AM 24 min

Small business balks at more red tape

In December, the department of small business development released the National Small Enterprise Amendment Bill for public comment. Chapter 3A, which establishes a small enterprise ombudsman service and grants far-reaching powers to the minister of small business development to determine and prohibit “unfair trading practices'', has come in for some…

9 Feb 2021 1AM 24 min

12J association calls for extension of tax incentives for investors

This year marks the 12th year that South African taxpayers are able to take advantage of the Section 12J tax incentive but this may soon end as a result of a "sunset clause" in the Income Tax Act, which only makes provision for such investments until the end of June…

9 Feb 2021 1AM 4 min

How to get fractional ownership in a wine farm

The price of a wine farm may deter investors who do not have deep pockets but fractional ownership could make the purchase a bit more attainable. Hemelzicht Vineyards has presented a business model which could see a group of investors own a 1% stake in a wine farm for R1…

9 Feb 2021 1AM 5 min

Is Nedbank complicit in state capture?

Investigative journalism center amaBhungane, alleges that Nedbank is complicit in state capture and that the lender benefitted from scaly deals with Transnet. Business Day TV spoke to Sam Sole, Co-Founder of amaBhungane for more detail on those findings.

9 Feb 2021 1AM 7 min

Can Orion Minerals revive the copper belt?

Orion Minerals is looking to acquire Okiep Copper Complex for over R85 million. The acquisition could pave the way for the revival of the country's copper belt, as Okiep has an abundance of unmined copper and zinc. Business Day TV spoke to Errol Smart, CEO of Orion Minerals for more…

8 Feb 2021 1AM 8 min

Markets eye Sona and Budget 2021

February is set to be a roller-coaster ride for local investors with many risk events set to take place, like the President’s State of the Nation address as well as the all-important budget statement. Business Day TV caught up with RMB’s John Cairns and discussed the kind of impact these…

8 Feb 2021 1AM 4 min

Why SA stops AstraZeneca vaccine rollout

South Africa's vaccine rollout will not happen as planned after data revealed that the 1 million doses of AstraZeneca vaccine received last week has been found to be less effective against the new COVID-19 variant in the country. Business Day TV spoke to Alex van den Heever, Health & Social…

8 Feb 2021 1AM 8 min

"All our spike proteins in one basket"

Exactly one weeks since the 1 million doses of the Oxford AstraZeneca vaccine landed from the serum institute landed in the country, we are haunted by the phrase: "All our spike proteins in one basket". In a worrying development, South Africa’s vaccine rollout was dealt a blow over the weekend…

8 Feb 2021 1AM 23 min

Bond market signals bottoming out

South Africa continues to get hammered by the global press around the now entrenched SA variant of Covid, which is actually the 501Y.V2 variant, but the die is now cast, and we can be sure that cricket tours and travel will continue to be cancelled until we have rolled out…

5 Feb 2021 1AM 26 min

Why has the demand for Covid-19 loans fallen?

Demand for the Covid-19 loan guarantee scheme is waning, with the Banking Association of South Africa saying that only R17.8bn in loans had been approved by banks and taken up by small businesses and this is less than a tenth of the credit it’s offering. Business Day TV caught up…

5 Feb 2021 1AM 6 min

Is the EM rally fizzling before it got out of the blocks?

Morgan Stanley uses copper to argue that MSCI EM has achieved all its gains for the year. It points out the strong correlation between EM and the copper price. In recent weeks, some commentators have been suggesting the copper, wheat, iron, corn price surge of 2020 was related to Yuan…

4 Feb 2021 1AM 24 min

Are we in for a new investment era?

Recent market moves have had traditional investors scratching their heads as Bitcoin surges, Tesla’s valuation skyrockets and retail investors drive asset prices. So does this indicate a new investment era with new rules? Business Day TV spoke to Futuregrowth’s CIO Andrew Canter to find out.

4 Feb 2021 1AM 8 min

How the Reddit investor trend lost steam

The Reddit short-squeeze saga may have gotten market participants in a frenzy but it seems like its losing some of its steam as the US Treasury is mulling tougher trade regulations. Business Day TV discussed this in detail with Craig Erlam from Oanda

3 Feb 2021 1AM 4 min

Ministers can’t deal with corruption, says Themba Godi

Former Scopa Chair Themba Godi testified at the Zondo Commission, and he has criticized how ministers and their counterparts handle corruption. Business Day TV spoke to Themba Godi for more insight.

3 Feb 2021 1AM 3 min

Will gold continue to glisten?

Gold’s safe haven status has lifted the price of the yellow metal during the uncertain times caused by the Covid-19 pandemic but what does the future hold for the commodity? Business Day TV spoke to John Reade, Chief Market Strategist at The World Gold Council to find out.

3 Feb 2021 1AM 5 min