Business News Leaders

What caused Metair to report an interim loss

Metair has swung to an interim loss of over R215m largely because the company had to write down its 25% stake in German battery maker Akkumulatorenfabrik Moll. The group was also impacted by the Covid-19 lockdown which forced it to close factories. Business Day TV spoke to Metair's CEO Theo…

19 Aug 2020 2AM 6 min

Denel's financial troubles continue​

State arms firm Denel has posted an annual loss of R1.7bn due to a fall in revenue, according to the Department of Public Enterprises. Business Day TV discussed the firms financial woes with Jones Gondo from Nedbank CIB

19 Aug 2020 2AM 5 min

Is the sun setting on South Africa's platinum industry?

South African platinum producers have over the past decade cut spending on mines responsible for 75% of global platinum supply. The covid-19 pandemic has accelerated the trend as demand for catalytic converters used in electric vehicles wanes. Business Day TV touched base with Henk de Hoop from RMB for more…

18 Aug 2020 2AM 5 min

FITA to persist with court action against tobacco ban

For the first time in four months, tobacco sales are allowed as lockdown restrictions have been eased but the Fair-Trade Independent Tobacco Association (FITA) is not willing to smoke a peace pipe with government over the prohibition over the last few months and it says it will continue to pursue…

18 Aug 2020 2AM 5 min

Tiger Brands sells listeriosis-linked meat processing unit

Tiger Brands has found buyers for its listeriosis-linked meat processing business saying the deals will fetch 'a good price'. Molare will buy the abattoir unit while the meat processing factories in Germiston, Polokwane and Pretoria will be acquired by Silver Blade. Tiger Brand's CEO Noel Doyle discussed the merits of…

18 Aug 2020 2AM 7 min

The Politics of Pandemic

As the country enters level 2 of the lockdown that doesn’t want to end, the assessments are being carefully weighed, and debated about the approach we have taken in the face of an economy that has been bent beyond recognition. Has the ANC’s corruption addiction tipped the scales? Where were…

18 Aug 2020 2AM 26 min

Remembering Marikana

Sibanye-Stillwater has joined other organisations in commemorating the 8th anniversary of the Marikana massacre by hosting a memorial lecture highlighting the importance of developing and maintaining good relationships with all stakeholders, especially communities. Business Day TV discussed this in detail with Sibanye-Stillwater's CEO, Neal Froneman.

14 Aug 2020 2AM 7 min

When will SA's mining sector recover?

Mining production declined 28.2% year-on-year in June, according to Stats SA data. This follows a revised contraction of 27.6% in May. Economists believe that the industry's recovery is likely to continue to face challenges - not least from the return of loadshedding. Business Day TV spoke to Peter Major from…

13 Aug 2020 2AM 6 min

Oil and gas sector a bright light amid economic gloom

Mineral Resources and Energy Minister Gwede Mantashe has welcomed the arrival of Total’s oil and gas rig in Cape Town, the DeepSea Stavanger. Saying in a statement that it has reaffirmed South Africa as an investment destination of choice for the exploration of oil and gas, despite the negative impact…

13 Aug 2020 2AM 25 min

Weaker rand, strong export volumes boost Exxaro

Lockdown regulations have weighed on many companies' balance sheets but being classified as an essential service during this time has helped Exxaro. The diversified miner managed to leverage off record coal exports and a weaker rand during the period to report a revenue increase of 18%. Business Day TV spoketo…

13 Aug 2020 2AM 8 min

Does e-commerce bode well for the industrial property sector?

Coronavirus related lockdowns have encouraged consumers to turn to e-commerce and this is changing the property landscape as retail property falls out of favour and industrial property benefits from the shift. Business Day TV caught up with Nedbank CIB's Ridwaan Loonat for a closer look.

12 Aug 2020 2AM 4 min

How should SA be preparing for the 'new normal' post Covid-19?

When the public health crisis eventually subsides, the old structural socio-economic problems will of course still be there, but they will be felt more acutely in the aftermath of the coronavirus hurricane. What should South Africa be doing to prepare for the 'new normal' after Covid-19? That is the overarching…

12 Aug 2020 2AM 27 min

Why the Eskom split needs to be sped up

Eskom CEO Andre de Ruyter is hoping to revise his initial timetable for the unbundling of the state utility and accelerate the process of splitting the company into three parts. Business Day TV spoke to de Ruyter for more detail on why the change in plans is necessary.

12 Aug 2020 2AM 8 min

Downturn in retail sales slows in June

South Africa's retail sales downturn has eased, amidst the relaxing of lockdown restrictions. The 7.5% sales decline recorded in June, shows a marked improvement from the record lows seen earlier this year. Business Day TV spoke to Kevin Lings, Chief Economist at Stanlib about the print, and whether it could…

12 Aug 2020 2AM 5 min

Does govt have a handle on corruption?

Over the past few days the term ‘covidpreneur’ has been coined as allegations of looting surface against senior ANC officials with regards to personal protective equipment. In a bid to get some sort of a handle on corruption, the public will soon be able to send NPA boss, Shamila Batohi…

11 Aug 2020 2AM 6 min

Wheels turn at RAF as Collins Letsoalo appointed CEO

Former acting CEO of Prasa Collins Letsoalo is at the heart of another controversial appointment within the Transport Ministry. This time around, cabinet has approved his appointment as CEO of the Road Accident Fund. Business Day TV spoke to him about his appointment and his plans to turn around the…

11 Aug 2020 2AM 9 min

Have foreign investors lost interest in SA bonds?

Non-resident bond holdings fell 0.5% in July as foreign investors continued to desert the local bond market. Business Day TV touched base with Tebogo Mekgwa from RMB for a closer look.

11 Aug 2020 2AM 3 min

Has SA's lockdown departed too far from reality

Some of the regulations instituted under the national state of disaster have tested the limits of what can be deemed rational. Few issues have stirred as much heated and emotive debate than the banning of the sale of alcohol and tobacco products. Michael Avery talks to Nick Hudson, CEO of…

7 Aug 2020 2AM 1 min

What steps are needed to save SA’s economy?

South Africa is set for its largest contraction in nearly 90 years, which has seen government, economists and business leaders debating various approaches to get the economy back on track. Business Day TV spoke to Wits University Economist Lumkile Mondi about the concrete steps needed to ensure an economic recovery.

7 Aug 2020 2AM 6 min

MTN to focus on pan-African strategy as it exits the Middle East

MTN plans to exit the Middle East in the next three to five years as the group looks to sharpen its focus on its pan-African strategy. The news comes alongside the release of the company’s interim results which reveal a surge in earnings. Business Day TV spoke to Rob Shuter,…

6 Aug 2020 2AM 8 min