Business News Leaders

No jackpot in Cannabis Bill

Almost two years after the landmark Constitutional Court judgment legalising the private use of cannabis, the Cannabis for Private Purposes Bill has been introduced. High hopes have been dashed though as the Bill has come in for some stinging criticism for failing to live up to the spirit of the…

22 Sep 2020 2AM 25 min

Second wave fears rattle local bond market

The South African bond market has been dealt a blow by both global and local factors, with the yield on the benchmark 2030 government issue at 9.4%. That's as sentiment was dampened by Treasury committing to another bailout for SAA as well as second wave coronavirus fears. Business Day TV…

22 Sep 2020 2AM 5 min

Will motorist funds the Gautrain's expansion plans?

The Gautrain Management Agency (GMA) is engaging with Treasury on ways to fund its multibillion-rand expansion plans. One suggestion is to tax motorists as a way to not only provide a funding source for the Gautrain but to also move people away from carbon-intensive modes of transport. Business Day TV…

22 Sep 2020 2AM 6 min

Under the bonnet of structured products

Michael Avery takes a look under the hood of structured instruments, with a particular focus on their applicability in diversified retail portfolios at times like these where we see so much market uncertainty thanks to the impacts of Covid 19. ​ He’s joined by Brian McMillan, Financial Products at Investec…

22 Sep 2020 2AM 25 min

What unions want to happen at SAA

Unions have given the department of public enterprises seven days to finalise funding for the restructuring of SAA or face protracted protests. Both the National Union of Metalworkers of SA (Numsa) and the SA Cabin Crew Association (Sacca) are accusing government of delaying SAA's turnaround plans and potentially putting the…

21 Sep 2020 2AM 7 min

Why Ford is investing in SA

Ford has announced plans to double production to 200, 000 units a year over the next three to four years by investing R138mn in its Silverton Assembly Plant in Pretoria. Bussines Day TV caught up with Ford SA's MD Neale Hill to discuss the details.

21 Sep 2020 2AM 8 min

What is the definition of Venture Capital in the SA

The U.S. venture-capital industry is envied throughout the world as an engine of economic growth. Although the collective imagination romanticizes the industry, it can be a brutal and lonely place. If we're serious about growing the economy through supporting new businesses, and not just mom and pop type small and…

18 Sep 2020 2AM 27 min

Was the SARB wise to keep rates on hold?

After slashing interest rates by 300 basis points so far this year, the Reserve Bank kept rates unchanged at 3.5% at it's latest Monetary Policy Committee meeting. Business Day TV unpacked the decision in greater detail with Kevin Lings, Chief Economist at Stanlib.

17 Sep 2020 2AM 6 min

Woolworths’ food sales remain resilient

Food sales continue to be Woolworths' saving grace, ticking up 10.7% during its full-year period. The group's fashion, beauty and home sales fell 10.7% as stores had to close during the lockdown period. Business Day TV spoke to Roy Bagattini, Group CEO of Woolworths for his take on the group's…

17 Sep 2020 2AM 8 min

Has M&A activity recovered from Covid-19?

Global levels of merger and acquisition activity are on the rise after a drop due to Covid-19, according to Herbert Smith Freehills. Business Day TV caught up Rudolph du Plessis, partner at Herbert Smith Freehills to discuss this in more detail.

17 Sep 2020 2AM 4 min

Why should pension funds invest in infrastructure?

The President announced that the Nedlac partners have agreed to an historic economic compact but the details are still to be released but no doubt infrastructure will be a core pillar. A major question mark remains over how these projects will be funded? The old way of building public infrastructure…

17 Sep 2020 2AM 27 min

What's driving global consumer trends?

Consumers are flocking back to restaurants even though the Covid-19 pandemic has hit the economic prospects of many countries and put pressure on disposable income, according to Nedbank Corporate and Investment Banking. Business Day TV discussed this in detail with Nedbank CIB's Munira Kharva.

16 Sep 2020 2AM 3 min

Discovery feels ill effects of Covid-19

Discovery'​s balance sheet is not as healthy as it once was. The unfolding economic impact of Covid-19 has battered the group's annual financial results with full-year profit plummeting 97%. Business Day TV unpacked this in detail with Discovery SA CEO Hylton Kallner.

16 Sep 2020 2AM 8 min

Can Pan African Resources sustain its winning streak?

Pan African Resources has had a stellar year. The gold miner managed to beat its production guidance after ramping up its surface operations. This cushioned the blow of having to close operations due to the Covid-19 lockdown. The increase in output also allowed it to take full advance of the…

16 Sep 2020 2AM 7 min

Big week for central banks

A frequent topic of discussion in markets is whether we’re witnessing the steady “Japanification” of much of the developed world. This will have profound implications for growth, inflation, monetary policy and financial markets in the years ahead. In South Africa, the concern is more about stagflation. Michael Avery speaks to…

16 Sep 2020 2AM 26 min

SA's "last chance saloon"

Today marks exactly six months since the coronavirus was declared a national disaster on March 15. And Friday marked six months since the World Health Organization (WHO) declared the coronavirus a pandemic. Since then, the global economy has slipped into recession and millions have lost their jobs, prompting central banks…

15 Sep 2020 2AM 25 min

How Harmony Gold narrowed its annual loss

Harmony Gold has narrowed its full year loss as a surge in the gold price offset disruptions from Covid-19. Business Day TV spoke to Peter Steenkamp, CEO of Harmony Gold for more detail.

15 Sep 2020 2AM 6 min

How lockdown weighed on Super Group

Super Group experienced tough trading conditions across all its operations during its full-year as lockdown regulations took effect. Business Day TV spoke to the company’s CEO Peter Mountford for more detail on the company’s financial performance during the period.

15 Sep 2020 2AM 6 min

Will the fitness industry recover from the impact of Covid-19

Covid-19 has weighed on many businesses in the fitness sector, and now that gyms are allowed to operate under level 2 how likely is a rebound in that sector? Business Day TV discussed this in detail with RMB's head of retail Debbie Law.

15 Sep 2020 2AM 4 min

Is Naspers management destroying its value

Naspers’ operating assets are producing returns well below the cost of capital (and in fact operating profit has been and remains negative). A significant reason for the discount is that Naspers/Prosus is investing (and re-investing) in value destroying endeavours. Michael Avery speaks to Brian Kantor, an economist and former Chief…

14 Sep 2020 2AM 26 min