Business News Leaders

Land redistribution back on the agenda

South Africa’s land reform process is taking shape. The government is availing 700,000 hectares of underutilized or vacant state land, to assist black emerging farmers. The move, according to President Cyril Ramaphosa, is vital to not only address historical injustices but to also safeguard food security. Business Day TV spoke…

5 Oct 2020 2AM 9 min

Low emission development strategy underpins just transition

Cabinet has approved a goal to reduce greenhouse gas emissions to net zero by 2050, but it still plans to burn coal on this date. The government called the low emission development strategy (LEDS) “the beginning of our journey towards ultimately reaching a net zero economy by 2050”. Michael Avery…

2 Oct 2020 2AM 25 min

Key countries excluded from SA border openings

South Africa has decided to open its boarders under lockdown level one but tourists from high-risk countries still won’t be allowed entry, among them are the US, UK and France. This could weigh on the tourism industry, as travelers from these countries have traditionally been some of the highest spending…

1 Oct 2020 2AM 7 min

Car makers need government’s help to revive the industry

The National Association of Automobile Manufacturers of SA (Naamsa) has asked government to reduce taxes on new vehicle purchases as part of a proposed stimulus package for the industry. Business Day TV spoke to Naamsa CEO Mike Mabasa about what these measures will mean for car makers.

1 Oct 2020 2AM 5 min

Labour Market Crisis

The COVID-19 pandemic is the worst global crisis since World War II. Its containment measures (lockdown) have caused unprecedented disruption on economies and labour markets. Informal workers in South Africa and the world over bore a disproportionate burden of these social distancing measures. A study conducted by an academic consortium…

1 Oct 2020 2AM 25 min

Executive pay back in the spotlight

Woolworths' former CEO Ian Moir has been rewarded with over R43 milion, as part of his farewell package. Moir's exit package, in light of Woolworths performance under his tenure, has thrust the issues of executive pay and misaligned remuneration, back into the spotlight. Business Day TV spoke to Tracey Davies,…

1 Oct 2020 2AM 7 min

Covid-19 Business Watch : Steeling for a fight

AMSA announced yesterday that it would restart the second blast furnace at its Vanderbijlpark operations in January due to higher steel demand. But there is a broader question here about whether we need to protect our primary steel industry to the detriment of downstream manufacturers? Michael Avery is joined by…

30 Sep 2020 2AM 27 min

Icasa to finally issue spectrum ITAs

The Independent Communications Authority of SA (Icasa) says it will publish invitations to apply (ITAs) for the licensing process for the Wireless Open Access Network (WOAN) and the International Mobile Telephony (IMT) spectrum by no later than Friday. Business Day TV caught up with Nedbank CIB's Preshendran Odayar for more…

30 Sep 2020 2AM 3 min

Why did Sasfin swing to an interim loss of R48.1M

Sasfin has plunged into the red. The financial services group has reported an annual loss of over R48 million, due to a jump in credit provisions. Business Day TV spoke to CEO Michael Sassoon for greater perspective on the numbers.

30 Sep 2020 2AM 7 min

How the lockdown burnt a R4.2bn hole in Capitec's pockets

Capitec’s half-year headline earnings plunged by 78%, largely due to the impact of lockdown regulations, which necessitated a hefty credit impairment charge. Business Day TV spoke to CEO Gerrie Fourie for his take on the performance.

30 Sep 2020 2AM 7 min

Shareholder alignment in SA

Very few companies in SA exist where incentives are even remotely aligned with shareholder value. Generally it appears remuneration committees and Boards seem to think if you align remuneration to metrics like EBITDA and revenue growth that this is value creative, without realising that these can and very often are…

29 Sep 2020 2AM 20 min

Should SA hike sin taxes to address its revenue shortfall?

South Africa faces a revenue shortfall of over R300 billion, and a steep sin tax hike has been touted as a possible solution for that gap. Business Day TV unpacked the proposal with Keith Engel, CEO of the South African Institute of Tax Professionals and Corné van Walbeek, the Director…

29 Sep 2020 2AM 12 min

How will EPP recover from the effects of Covid-19?

EPP has felt the pinch of Covid-19. During the group’s half-year, the Polish landlord introduced rental discounts and while this resulted in an improvement in rental collections it weighed on the company's performance with a 36.4% drop in net property income. Business Day TV spoke to EPP’s CEO Tomasz Trzoslo…

29 Sep 2020 2AM 5 min

Is a Rand rally on the cards?

The local unit has seen much volatility due to Covid-19, but some analysts are optimistic that a rebound may be on the cards once the dust settles on the pandemic. Business Day TV spoke to John Cairns from RMB about the local unit's performance and the possibility of a rand…

28 Sep 2020 2AM 4 min

How Government plans to add additional power to the grid

President Cyril Ramaphosa used his morning letter to announce that Government has now gazetted ministerial determinations that will enable the development of more than 11,800 megawatts (MW) of additional power generation. To give a sense of the scale of this development, SA currently has in the region of over 30,000…

28 Sep 2020 2AM 26 min

Why ARC Investments did a U-turn on fund fees

African Rainbow Capital Investments (ARC Investments) has caved into investor pressure and abandoned plans to use funds from a rights offer to pay fund management fees. Business Day TV caught up with ARC co-CEO Johan van der Merwe to discuss the decision in detail.

28 Sep 2020 2AM 7 min

Remgro reports profit plunge as Covid-19 bites

Remgo has reported a 61.4% slump in full-year headline earnings. It says the performance is largely due to the pandemic, and its impact on Remgro's underlying investments. Business Day TV unpacked the performance, and the company's outlook with Remgro CEO Jannie Durand.

28 Sep 2020 2AM 6 min

Developing SA’s space industry

South Africa’s new space infrastructure hub will boost the local space industry’s capabilities. But how will it be funded? For more detail Business Day TV spoke to Andiswa Mlisa, MD of Earth Observation.

23 Sep 2020 2AM 5 min

Government looks to mining sector to fuel economic rebound

South Africa is not only pegging its hopes on an infrastructure plan to drive the revival of the economy, it's also banking on the rejuvenation of the mining industry. Business Day TV discussed how investment in that sector could boost the economy going forward with Arnold Van Graan from Nedbank…

23 Sep 2020 2AM 4 min

What SA’s economy needs to get growing again

Eunomix has warned that South Africa could become a failed state in the next 10 years if nothing is done to fuel growth. Business Day TV spoke to Claude Baissac from Eunomix about some of the strategies South African can employ to avoid becoming a failed state.

23 Sep 2020 2AM 8 min