Business News Leaders

Is Long4Life positioned for growth?

Investment group Long4Life managed to hold onto a small profit during the six months to end-August as Covid-19 restrictions disrupted trading. But now that the lockdown is being lifted, is Long4Life positioned for growth? Business Day TV caught up with the company's CEO Brian Joffe to find out.

21 Oct 2020 2AM 5 min

SABC wants help collecting licence fees - will it work?

Government is considering new rules to compel pay-TV operators such as MultiChoice and streaming platforms like Netflix to collect TV license fees on behalf of the SABC. The move is expected to boost the public broadcaster's finances as it's comes under pressure due to the economic crisis prompted by the…

21 Oct 2020 2AM 7 min

Local investors await MTBPS, US elections

Local bond yields remain under pressure, as investors look to upcoming events like the medium-term budget and​ the US elections for direction. Business Day TV touched base with RMB's Tebogo Mekgwa for more insight

20 Oct 2020 2AM 2 min

Lockdown trading restrictions weigh on Pick ‘n Pay

Lockdown trading restrictions weighed on Pick n Pay’s half-year performance. The retailer's headline earnings per share more than halved, and it's slashed its dividend by 56%. Pick n Pay did however see a spike in online sales during the period, and is looking to broaden its offering with the planned…

20 Oct 2020 2AM 6 min

Can competition law preserve contestable digital spaces in South Africa?

The issue of market dominance and regulation of big tech has risen to the surface of the global debate about the future of today’s biggest companies. In the USA Congressional report produced after more than a year of fact-finding and testimony blasts Google, Apple, Amazon and Facebook as monopolistic ‘gatekeepers’…

20 Oct 2020 2AM 24 min

JSE hits Steinhoff with R13.5m in fines

The JSE has hit Steinhoff with fines worth R13.5 million, which includes a maximum penalty of R7.5 million for incorrect, false and misleading statements. Business Day TV spoke to Andre Visser, Director of Issuer Regulation at the JSE for more detail.

20 Oct 2020 2AM 5 min

C19 Infrastructure implementation barometer

Predictably, President Cyril Ramaphosa’s Economic Reconstruction and Recovery Plan placed a grand R1 trillion infrastructure plan (leveraging up to R660bn of ‘crowded in’ private sector capital, or so it is hoped) at the centre. But plans are wearing thin and only execution matters at this late stage to pull South…

19 Oct 2020 2AM 24 min

COVID-19 construction stoppages weigh on Calgro M3

The coronavirus pandemic has weighed on Calgro M3. The national lockdown resulted in construction activity being halted for two months and this pushed up the company’s costs and contributed to Calgro M3’s interim loss widening to R39m. Business Day TV spoke to Wikus Lategan, CEO of Calgro M3 for greater…

19 Oct 2020 2AM 8 min

Municipalities allowed to develop power projects

South African municipalities are now permitted to generate their own power, following amendments to electricity regulations. The regulations only allow municipalities that have received a clean audit, to take up the opportunity. Business Day TV spoke to Nhlanhla Ngidi, Head of Energy & Electricity Distribution at Salga for more insight

19 Oct 2020 2AM 8 min

How credible is President Ramaphosa's economic recovery plan?

The president spoke about building a new economy on Thursday in the wake of Covid 19. It's important to bare in mind the most important change from pre-COVID-19 SA, was a lockdown-induced tax collapse of R304billion. Additional funding from the World Bank and other international financial institutions only amounted to…

16 Oct 2020 2AM 26 min

How will the outcome of the US election impact SA?

In less than three weeks, American will head to the polls to decide if Donald Trump will secure a second presidential term or if Joe Biden will be head of state. Either way, where will that leave SA's relationship with the US? To find out Business Day TV spoke to…

16 Oct 2020 2AM 6 min

PSG places confidence in Curro after Capitec unbundling

PSG Group has thrown its weight behind Curro. The investment holding company has increased its stake in the private schooling group after unbundling from Capitec. While the value of its underlying portfolio has been impacted by this, PSG says its remaining investee companies are adequately capitalised to weather tough conditions…

15 Oct 2020 2AM 4 min

Will SA's economic recovery plan​ work?

President Cyril Ramaphosa has unveiled his economic recovery plan which aims to increase growth to around 3% on average over the next decade. The plan promises among other things the creation of 800, 000 jobs, reliable energy supply and infrastructure development. Business Day TV spoke to Miriam Altman, Commissioner in…

15 Oct 2020 2AM 8 min

Should the deal between Vodacom and Rain be considered a merger?

Vodacom and Rain's spectrum agreement has been under the spotlight yet again this week. This time around, Telkom's approached the Competition Tribunal claiming that the agreement should be deemed a merger, and should be subjected to scrutiny by the competition authorities. Business Day TV discussed the detail with Preshendran Odayar…

15 Oct 2020 2AM 7 min

Is e-commerce booming in SA?

SA retail sales shrunk by 4.2% year-on-year in August following a revised 8.6% contraction in July but on a month-on-month basis sales were up 4%. This indicates that the sector is staging a slow recovery. Business Day TV caught up with Craig Lubbe, CEO of BidorBuy to discuss the trends…

14 Oct 2020 2AM 7 min

What made Cartrack resilient during the pandemic

Covid-19 hasn't put the brakes on Cartrack's performance. The fleet management and asset recovery group grew interim revenue by 16% as its subscriber base expanded during the period. Business Day TV spoke to Brendan Horan, Chief Strategy Officer at Cartrack for more detail.

14 Oct 2020 2AM 7 min

What will dominate market moves in the next 18-months?

Business Day TV caught up with the CEO of Anchor Capital Peter Armitage for insight into the themes that will dominate market moves over the next 18-months.

14 Oct 2020 2AM 4 min

Has Equites' focus on logistics assets paid off?

​Equites says its focus on high-quality assets and financially stable tenants paid off during the first half as the logistics-focused property group managed to raise its interim dividend slightly. Business Day TV caught up with the company's CEO Andrea Taverna-Turisan to discuss the results in more detail.

13 Oct 2020 2AM 7 min

Mining activity slowdown eases in August

The slowdown in mining production eased in August with output falling 3.3% compared to a 6.5% contraction in July. Business Day TV unpacked the print with RMB economist Mpho Molopyane.

13 Oct 2020 2AM 5 min

Treasury agrees to amendments to draft tax laws

Treasury has made a concession for people planning to emigrate. It says that those who apply before March 1 will be exempt from a proposed rule that prevents people from accessing their lump sum retirement funds before being a tax resident in another country for three years. Business Day TV…

13 Oct 2020 2AM 5 min