Business News Leaders

Self-made in Stellenbosch

With the recent resignation of Paul Harris and Laurie Dippenaar from the RMB Holdings board, it brings down the curtain on an historic era in corporate SA’s history. The group's entrepreneurial history can be traced back to 1977 and the founding partnership of GT Ferreira, Dippenaar and Harris. Over several…

21 Jul 2020 2AM 27 min

Govt extends UIF TERS relief benefit by 6-weeks

Government has agreed to extend the UIF’s Temporary Employment Relief Scheme by 6 weeks so that it is in line with the president’s decision to implement the Disaster Management Act until August 15. Business Day TV spoke to UIF Commissioner at the Department of Labour, Teboho Maruping for more.

21 Jul 2020 2AM 7 min

Unions challenge government's stance on wage hikes

Government says it can't afford wage hikes during this time of crisis but public sector unions aren’t buying it. Business Day TV spoke to Godfrey Selematsela, President of the Federation of Unions of SA for more detail.

21 Jul 2020 2AM 6 min

How can SA's economy recover post Covid-19?

Standard Bank expects the economy to contract 8.5% this year largely driven by the impact of Covid-19. The lender's local CEO Lungisa Fuzile says a foundation for economic recovery must be laid urgently. Business Day TV spoke to him for more detail.

20 Jul 2020 2AM 7 min

Which local banks are best positioned to weather the COVID-19 storm?​

South African lenders are currently mulling how to avoid loan defaults as their Covid-19 relief measures to customers come to an end. Given the challenges the banks face, Business Day TV caught up with Kokkie Kooyman from Denker Capital for his take on which institutions are best placed to weather…

20 Jul 2020 2AM 7 min

What is the real value of the rand?

The rand weakened early on Monday as a surge in Covid-19 infections led to risk off trading. However, The Economist’s Big Mac Index shows that the rand is the world’s most undervalued currency. Business Day TV spoke to Lukman Ortunga from FXTM about current trading conditions and the index to…

20 Jul 2020 2AM 5 min

SA’s tourism on its knees: What happens next?

Tourism and hospitality, widely believed to be the sector most severely impacted by Covid 19, is well into the fourth month of little or no business. TERS is ending, borders are not open, insurers are not paying, and restaurants are closing their doors. What does the future hold for an…

20 Jul 2020 2AM 24 min

Covid-19 lockdown weighs on local labour market

Research from the the National Income Dynamics Coronavirus Rapid Mobile Survey shows that about 3 million people lost their jobs over the lockdown period, representing an 18% decline in employment from February to April. Business Day TV touched base with the principal investigator of the NIDS CRAM project, Nic Spaull…

17 Jul 2020 2AM 8 min

On the Covid Frontline

As of 16 July, South Africa has a total of 324 221 confirmed Covid-19 cases. A the release of a ground-breaking study into the effects of the lockdown on livelihoods revealing that some 3 million South Africans have lost their jobs. With that Michael Avery goes to the frontlines of…

17 Jul 2020 2AM 16 min

DA serves Mboweni with legal notice to stop bailout of SAA

The Democratic Alliance (DA) has served finance minister Tito Mboweni with legal notice, challenging any disbursement of public funds to SAA using his “emergency” powers. Business Day TV caught up with Geordin Hill-Lewis, the DA’s shadow minister of finance to discuss this in more detail.

16 Jul 2020 2AM 4 min

How can SA have an economy that works for everyone?

Colin Coleman, senior fellow at Yale University’s Jackson Institute for Global Affairs has released a ten-point action plan to grow an inclusive South African economy. He joined Business Day TV to unpack his latest proposal.

16 Jul 2020 2AM 8 min

Digital dreams versus reality

For governments looking to drive economic recovery after the pandemic, supporting digital competitiveness will be key. But as Eskom struggles to keep the lights on, labour rages against potential job losses and while we await the auction of high frequency spectrum, five years late, the question remains how prepared we…

16 Jul 2020 2AM 24 min

Will government extend Covid-19 tax relief measures?

Businesses and individuals affected by the Covid-19 pandemic are anxious about what will happen after the loan deferment and interest waivers expire at the end of this month. Government may have to come out with more measures and further extend the timelines to help taxpayers comply with the statutory norms…

15 Jul 2020 2AM 6 min

A convergence of economic recovery plans

The country seems to be swimming in economic recovery plans and policy documents that propose ways to rebuild an economy devastated by years of mismanagement and now a global pandemic. Where do all these plans converge, where do they differ and what are the keys to unlocking their potential? Michael…

15 Jul 2020 2AM 28 min

Will the Sarb cut interest rates?

Inflation has eased to a near 16-year low, coming in at 2.1% year-on-year in May. This is far below the South African Reserve Bank's target band of 3% to 6%. But is the slowdown enough to prompt the bank to cut interest rates again? Business Day TV caught up with…

15 Jul 2020 2AM 4 min

Will the liquor industry be able to recover from the alcohol sales ban?

The liquor industry has warned that government's decision to ban the sale of alcohol will lead to serious economic consequences, placing hundreds of thousands of livelihoods at risk. Business Day TV discussed this in detail with Lucky Ntimane from the National Liquor Traders Council.

15 Jul 2020 2AM 7 min

Mining output recovers from record low

South Africa's mining output recovered from a record low in May with production ticking up 44% month-on-month. The improvement is due to government's decision to ease Covid-19 lockdown restrictions to level four during the period as this allowe​d more producers to come back online. On an annual base, however, output…

14 Jul 2020 2AM 4 min

What can banks do to avoid loan defaults when Covid-19 relief ends?

South African banks are looking for ways to avoid defaults when Covid-19 debt relief measures come to an end. Many institutions have given customers in good standing relief on loans during the pandemic. But some clients are still in trouble and the situation could get worse as unemployment spikes. Business…

14 Jul 2020 2AM 8 min

Preparing for your retirement during Covid-19

According to the 2019 Alexander Forbes Member Watch, South Africans need to contribute 17% of their income for 40 years to retire comfortably on 75% of their final pensionable salary. The frightening reality from the 2019 Member Watch analysis shows that the average replacement ratio at retirement is only 26.2%…

14 Jul 2020 2AM 26 min

Is the banking sector at risk of rising defaults?

South Africa's big banks are mulling over what can be done to avoid defaults when pandemic relief comes to an end. Business Day TV spoke to the Banking Association of South Africa's Managing Director, Bongiwe Kunene for more detail on the plans.

14 Jul 2020 2AM 5 min