Business News Leaders

Greyhound bus lines to close down

The owner of Greyhound buses, KAP Industrial, is shutting down those transport operations. The move comes amidst a decline in demand for long distance road travel due to Covid-19. Business Day TV spoke to KAP CEO Gary Chaplin for more.

3 Feb 2021 1AM 2 min

Employment Equity Targets — A bridge too far?

Parliament’s Portfolio Committee on Employment and Labour has called for public comment on the Employment Equity Amendment Bill. The bill promises a shake-up of the country’s existing employment equity laws and will give the minister of Employment and Labour the power to speed up transformation in specific business sectors. It…

3 Feb 2021 1AM 26 min

Top 500 Bank Brands Impaired by Covid

Capitec was named the third strongest banking brand in the world according to the Brand Finance Global Brands 500 report released today. As governments scramble to stimulate economic growth in the face of the ongoing global health crisis, and profits and interest rates take a hit, nearly two thirds of…

2 Feb 2021 1AM 24 min

What investment themes will dominate in 2021?

2021 is shaping up to be an interesting year for markets, with several new investment themes and trends emerging as the world adjusts to the new normal. Business Day TV discussed some of these themes in detail with Lebo Thubisi from Alexander Forbes Investments.

2 Feb 2021 1AM 3 min

Ford announces R15.8bn investment in SA unit

Ford has announced that it will invest nearly R16 billion in its South African subsidiary​. The investment, which is the largest on record for the country's motor sector, is expected to create more than 11,000 jobs. Business Day TV spoke to Andrea` Cavallaro, Director of Operations at Ford International Markets…

2 Feb 2021 1AM 7 min

DMRE says government-private sector collaboration is key in mining

The annual Investing in African Mining Indaba has kicked off, with government highlighting the importance of public-private sector collaboration in the industry. Business Day TV spoke to Thabo Mokoena, DG of the Department of Mineral Resources and Energy for more.

2 Feb 2021 1AM 8 min

VAT Refunds — Battle Won, War Continues

Send in a VAT return just one day late and you are immediately penalised 10%, but SARS has been withholding VAT returns owed to taxpayers for in some cases years now. The practice is particularly pernicious in the prevailing business environment where many companies have seen cashflow dry up due…

1 Feb 2021 1AM 27 min

Absa PMI edges up slightly in January

Absa's Purchasing Manager's Index (PMI) ticked up to 50.9 index points in January from 50.3 in December. But while the print is still above the 50-point mark that separates expansion from contraction, there are concerns that the data to a slow economic recovery. Business Day TV spoke to Miyelani Maluleke,…

1 Feb 2021 1AM 6 min

​Forus launches digital asset exchange

Forus has launched its digital asset exchange and the company says this is the next step in positioning itself as the leading edge of the 4th Industrial Revolution as it bridges the gap between the old economy and the new. For more detail, Business Day TV caught up with the…

1 Feb 2021 1AM 4 min

State of the mining nation

The annual Mining Indaba will take place as a virtual event under the theme, 'Resilience and Regrowth: adopting the new mindset for African mining'. The agenda covers the challenges and opportunities facing the sector, as well the industry's role in rebooting the South African economy​. Business Day TV spoke to…

1 Feb 2021 1AM 7 min

Stock Wars — Revenge of the Short Squeeze

What a week we've had dominated by the Wallstreet bets Redditors who took on the hedge fund Goliath and won, until Robinhood changed the rules of the game. Vaccine trials continue, The IRBA board has been dissolved and the IMF tell SA to up its game. To review the week…

29 Jan 2021 1AM 29 min

World leaders pledge a ‘great reset’ for global economy

This year’s virtual World Economic Forum (WEF) meeting centred on rebuilding the global economy amidst the pandemic. Business Day TV caught up with Mike Brown, Chief Executive of Nedbank for his view on the key takeaways from the forum.

29 Jan 2021 1AM 5 min

Future of Business - Platinum Group Minerals

In light of the the mining indaba that will be taking place in the first week of Feb we focus on the outlook of the mining industry, more specifically the Platinum Group Minerals (PGMs). Joining Business Day TV is Nedbank CIB's mining analyst, Arnold van Graan

29 Jan 2021 1AM 5 min

The New Map - Energy, Climate and the Clash of Nations

When there is a tectonic shift in the global order, one needs to bring in the cartographers to redraw the maps – the tectonic events are the shale revolution, the solar revolution, the Paris Climate Agreement and the growing fissure between the US and China. Pulitzer Prize winner, Daniel Yergin,…

28 Jan 2021 1AM 27 min

Why NERSA awarded Eskom an extra R6bn

The National Energy Regulator has announced that Eskom can recover an extra R6 billion from its customers. The news may be welcomed by the cash-strapped utility but not by consumers, who are already struggling financially with the cost of spiralling electricity prices. Business Day unpacked the decision with Nhlanhla Gumede,…

28 Jan 2021 1AM 16 min

Should SA borrow to buy Covid-19 vaccines?

While South Africa may be headed for a debt crisis with a budget deficit of R761.7bn, Isaah Mhlanga, executive chief economist at Alexander Forbes says that it may be in the country’s best interests to take on even more debt to purchase Covid-19 vaccines. Business Day TV spoke to Mhlanga…

27 Jan 2021 1AM 8 min

Why are private equity investors eyeing e-commerce startups?

The covid-19 pandemic has changed the way private equity capital is allocated with investors moving away from infrastructure and energy projects to instead finance e-commerce startups, particularly firms that operate in the education and healthcare industries. Business Day TV caught up with the CEO of the Southern African Venture Capital…

27 Jan 2021 1AM 3 min

What is SA’s role in the great reset?

This year's World Economic Forum (WEF) meeting takes place as a virtual event under the theme ‘The Great Reset' where discussion are centred on how to build a global economy that is fair, sustainable and resilient. So where does South Africa fit into that picture? Business Day TV spoke to…

27 Jan 2021 1AM 7 min

Will SA's energy sector transform in 2021?

2021 is set to be a significant year of transition for South Africa's energy and minerals industry, according to PwC, as renewable energy is poised to begin displacing coal as the country's electricity workhorse. Business Day TV discussed this in detail with the group’s director of infrastructure & energy, James…

26 Jan 2021 1AM 5 min

What's next for African Bank?

African Bank swung to an annual loss of R27m during the firm's full-year as the effects of the Covid-19 pandemic weighed on South Africa's economy and put strain on households. Business Day TV spoke to the bank's interim CEO Gustav Raubenheimer for more detail.

26 Jan 2021 1AM 6 min