Business News Leaders

Bidvest takes Covid-19 hit

Bidvest has warned that more retrenchments may be necessary as it looks to rightsize the business following a knock from Covid-19. The group previously indicated that 400 job were on the chopping block. Business Day TV spoke to Lindsay Ralphs, CEO of Bidvest for more detail.

14 Sep 2020 2AM 7 min

Will the taxi industry be subsidised?

A R50bn government subsidy may be on the cards for the taxi industry. This comes after the sector rejected government’s R1.14bn Covid-19 relief package because of its attached conditions aimed at formalising the industry. Business Day TV spoke to Johannes Makgatho, Acting DDG of the Department of Transport for more…

14 Sep 2020 2AM 7 min

Are bank stocks ripe for a rebound?

Covid-19 has weighed on local bank stocks, with the financial index down almost 40% year-to-date, but there are signs that sentiment may be turning for the better. Business Day TV touched base with Patrice Rassou from Ashburton Investments for further insight.

14 Sep 2020 2AM 4 min

Covid-19 disruptions weigh on Afrox

Lower sales volumes and higher sourcing costs for Liquefied Petroleum Gas have weighed on Afrox's profits., with interim earnings falling by 31%. Business Day TV unpacked the results in detail with the group's MD Schalk Venter.

11 Sep 2020 2AM 7 min

DA’s Economic Justice policy offers alternative to BEE

The DA’s Economic Justice Policy offers South Africans an alternative route to redress at a time when all South Africans are desperately looking for a way out of the destructive race-based politics of our time and as the battle for ideas heats up around how we grow the economy in…

11 Sep 2020 2AM 27 min

A Markets Masterclass

If you’ve weathered four or five market crashes, you can speak with some authority about financial crises. But what lessons can be learned from a panel of four seasoned professionals who have witnessed multiple historic troughs, and peaks? Is there a specific skill set to react effectively in uncertain times?…

10 Sep 2020 2AM 25 min

How Covid-19 weighed on FirstRand

FirstRand has reported a 38% drop in full-year profits after it increased provisions to cover bad debts by R15.2bn as Covid-19 weighed on the firm’s operations. Business Day TV spoke to the bank’s CEO Alan Pullinger for more insight.

10 Sep 2020 2AM 9 min

Sanlam experiences worst half-year in 100 years

Sanlam says it's experienced its most challenging interim period in its 100 year history. The insurer’s net operational earnings plunged by 39% and the group says it expects economic conditions to deteriorate even further. Business Day TV spoke to Paul Hanratty, CEO of Sanlam for more detail.

10 Sep 2020 2AM 6 min

How Aspen whittled down its debt pile

Aspen's debt pile has been a major concern for investors but the company has managed to address this by reducing its net borrowings over the past 18 months to R35.2bn. Business Day TV caught up with the group's CEO Stephan Saad for a closer look.

10 Sep 2020 2AM 5 min

How Covid-19 weighed on Growthpoint

SA's largest property group Growthpoint has been hard hit by Covid-19, with distributable income per share falling by 16.05% in the year to end-June. Business Day TV spoke to the firm's CEO Norbert Sasse for more insight on the impact of the pandemic on the company's balance sheet.

9 Sep 2020 2AM 8 min

Will business confidence continue to improve?

Business confidence improved in the third quarter, recovering from its worst slump on record in the previous three months, as lockdown restrictions eased. Business Day TV spoke to RMB economist Siobhan Redford about whether the improvement in sentiment can be sustained or not.

9 Sep 2020 2AM 3 min

Covid blows in the Cloud

The Covid-19 pandemic has pushed cloud computing to the front of decision-makers minds, according to the new Cloud in Africa 2020 Report. ​ Michael Avery speaks to Arthur Goldstuck, MD of World Wide Worx; Samir Sehil, Regional Cloud Sales Manager: Middle East, Turkey and Africa , F5; Nick Treurnicht, Customer…

9 Sep 2020 2AM 24 min

How Momentum Metropolitan plans to recover from the impact of Covid-19

Insurance and financial services group Momentum Metropolitan Holdings has opted to hold onto its final dividend as the fallout from Covid-19 has weighed on its operations. Business Day TV caught up with the company's CEO Hillie Meyer to find out how the group plans to recover from the difficult trading…

9 Sep 2020 2AM 6 min

Where to next for SA's economy?

Stats SA has revealed that South Africa's economy shrank by an annualised 51% during the second quarter, the worst quarterly collapse on record. Business Day TV spoke to Maarten Ackerman, Chief Economist at Citadel for his take on the print and if there is any hope for a recovery.

8 Sep 2020 2AM 8 min

What should be done about struggling SOEs?

A number of state-owned entities are failing to implement turnaround plans and have gone back to government to request further funding as Covid-19 weighs on operations. Business Day TV unpacked this in detail with Jones Gondo from Nedbank CIB.

8 Sep 2020 2AM 4 min

Record GDP Plunge

South Africa’s second quarter GDP contracted by a record 51% in the second quarter. The unavoidable fact is SA is in a deep economic crisis. Basic services are under strain, local government has been hollowed out by cadre deployment, corruption is rampant and public debt is a runaway train threatening…

8 Sep 2020 2AM 26 min

Can Shoprite sustain its stellar performance?

It has been a bumper year for Shoprite. The retailer has managed to cut its debt, improve its cash position and gain market share as it produced record sales during its full-year. Business Day TV spoke to Pieter Engelbrecht, CEO of Shoprite for his take on the numbers and whether…

8 Sep 2020 2AM 8 min

Catalysing growth in SA’s economic heartland

Attention will centre on the flatlining South African economy this week ahead of an expected historic contraction on GDP. The speed and depth of the recovery will be influenced to a large extent by the degree to which government embraces business and the efficiencies of the private sector as the…

7 Sep 2020 2AM 3 min

Seriti inches closer to becoming Eskom’s largest coal supplier

Seriti Resources is one step closer to becoming Eskom's largest coal supplier. The Competition Commission has recommended that the Competition Tribunal approve the group's proposed acquisition of South32's SA Energy Coal. Business Day TV caught up with Seriti Resources CEO Mike Teke for more detail.

7 Sep 2020 2AM 7 min

Shareholders lend African Bank a helping hand

After being formed from one of the country’s biggest banking collapses, African Bank’s shareholders are in support of helping the group return to the wholesale funding market with a support package of R8bn. Business Day TV spoke to Gustav Raubenheimer CFO of African Bank for more on what this means…

7 Sep 2020 2AM 3 min