Business News Leaders

How telecom firms have weathered the Covid-19 storm

Telecommunication firms have benefitted from Covid-19 lockdowns as more people made us of digital channels to stay connected. Business Day TV caught up with Nedbank CIB's Preshendran Odayar for more insight.

6 Aug 2020 2AM 4 min

What is the true state of the automotive industry

The Automotive Value Chain was already under pressure before the COVID-19 pandemic and in a study by Deloitte (Economic Impact of Covid 19 on the auto value chain - June 2020), 66% of all respondents already recorded a decline in earnings prior to the pandemic. Most dealers and dealer groups…

6 Aug 2020 2AM 26 min

Alcohol industry cans investments over booze ban

The alcohol industry has decided that it won’t fight the booze ban in court just yet but the decision by some players to boycott investments due to the prohibition speaks volumes. Business Day TV spoke to Andrew Murray, Vice President for Finance at SAB for more on their decision to…

6 Aug 2020 2AM 7 min

What weighed on Mpact's balance sheet during the first-half​

Mpact has reported an 84.2% plunge in half-year underlying earnings per share amid electricity disruptions and Covid-19 restrictions, but the group is optimistic that demand for some of its products will pick up in the coming months. Business Day TV unpacked the numbers in detail with the group's CEO Bruce…

5 Aug 2020 2AM 7 min

How Liberty plans to deal with Covid-19

Liberty Holdings has swung into an interim loss. That’s as the financial services group created a R3bn pandemic reserve to help it deal with the fallout from Covid-19. Business Day TV spoke to David Munro, CEO of Liberty for his perspective on the numbers and what it means for the…

5 Aug 2020 2AM 7 min

How the JSE managed double-digit growth in an unprecedented climate

Despite the unprecedented climate, the JSE has managed double digit growth during its interim period. Revenue grew 22% while headline earnings per share ticked up up by a similar margin. The group’s expenses however increased by 20%. Business Day TV spoke to Leila Fourie, CEO of the JSE for her…

5 Aug 2020 2AM 7 min

Health and fitness sector loses vitality

August marks five months without gyms; and that means five months without work for the fitness industry. For some, it means five months without the mental sanity that gyms offer – whether you work in the industry, or a fitness fan. Michael Avery speaks to Gisele Wertheim Aymes - Founder…

5 Aug 2020 2AM 26 min

Has Covid-19 stubbed out Labat Africa's growth plans?

Investment company Labat Africa has set its sights on the business of marijuana and is looking to raise capital to support its venture into the medical cannabis market. Business Day TV touched base with the group's CEO Brian Van Rooyan to find out where the plans stand given the uncertainties…

4 Aug 2020 2AM 5 min

Oil on a slippery slope as new Covid-19 wave hits

A new wave of Covid-19 infections has spooked the oil market. Business Day TV spoke to Oanda's senior economist Craig Erlam for some analysis of the factors at play.

4 Aug 2020 2AM 7 min

PPE Corruption

Michael Avery speaks to Advocate Paul Hoffman, director of Accountability Now; Colin Coleman, Senior Fellow and Lecturer at Yale University's Jackson Institute for Global Affairs ex CEO of Goldman Sachs SA and Wayne Duvenage, CEO of OUTA, about the other pandemic that has infected our society for decades, corruption.

4 Aug 2020 2AM 26 min

What helped RBPlat get back in the black

Higher metal prices helped offset a 13% decline in production at Royal Bafokeng Platinum during the first-half and this helped return the mid-tier miner back to profitability. Business Day TV spoke to the group's CEO, Steve Phiri for more detail.

4 Aug 2020 2AM 7 min

Tourism sector asks government for more relief aid

SA Tourism's CEO Sisa Ntshona has called on government to greatly increase financial aid for businesses in the sector. He says that while the state does face constraints due to its dire fiscal position, the existing package of R200m is "a drop in the ocean". The tourism sector is estimated…

3 Aug 2020 2AM 7 min

Rand kicks off August on the backfoot

The rand fell to its weakest level in more than three weeks on Friday, trading above the R17 to the dollar mark. This comes as fears about the economic fallout from rising Covid-19 cases dented investors' appetite for riskier assets. Business Day TV touched base with RMB's Varushka Singh for…

3 Aug 2020 2AM 4 min

Will the manufacturing sector shed more jobs?

The manufacturing sector’s recovery is slowing. Absa's Purchasing Managers Index (PMI) inched lower to 51.2 index points in July. That's from 53.9 in June. The data also suggests that the industry may shed more jobs. Business Day TV spoke to Miyelani Maluleke, Senior Economist at Absa for more.

3 Aug 2020 2AM 6 min

Sukuma Fund offers lessons for the future

The Rupert family’s R1bn Sukuma Fund is paying it forward it a unique manner. Michael Avery speaks to David Morobe - GM: Impact Investing at Business Partners, Thabi Leoka, a leading South African economist who was recently appointed by President Cyril Ramaphosa to serve on the Public Investment Corporation Commission…

3 Aug 2020 2AM 27 min

Cosatu weighs in on IMF loan

The ANC's tripartite alliance partners, Cosatu and the SACP, have been against government's decision to borrow money from the IMF. But now that the loan has been approved, Cosatu says that transparency must be the focus so that there is no irregular expenditure. Business Day TV touched base with the…

31 Jul 2020 2AM 6 min

ArcelorMittal SA reports wider interim loss

ArcelorMittal SA's interim loss deepened to R2.6bn as demand weakened. Business Day TV spoke to Kobus Verster, CEO of ArcelorMittal South Africa for his take on the numbers

30 Jul 2020 2AM 7 min

Sappi swings to Q3 loss as weak demand bites

Sappi slipped into the red during its third quarter, reporting a loss of $73m. That's as the world's largest manufacturer of dissolving wood pulp had to battle the fallout from Covid-19. Business Day TV caught up with the group's CEO Steve Binne for insight into how the group is going…

30 Jul 2020 2AM 7 min

How is the franchise sector coping amid Covid-19

Despite the many government tax relief and assistance programs, many franchised businesses, and perhaps even a few franchisors, won't be able to financially withstand the loss of revenue caused by the COVID-19 crisis and, in many sectors, by the periods of mandatory closures, Michael Avery talks to Akhona Quengqu, Chairperson…

30 Jul 2020 2AM 27 min

Consumers to feel pinch as Eskom wins tariff battle

The High Court has ruled in favour of Eskom in its legal battle with the National Energy Regulator (Nersa). It found that Nersa acted illegally when deducting a R69bn equity injection into the state utility. Eskom can now recover the funds over a three year period and this will result…

29 Jul 2020 2AM 6 min