Business News Leaders

Why have tech stocks survived the Covid-19 storm?

The grouping of tech stocks known as FANGAM were going strong even before Covid-19 but behavioral shifts during the pandemic have lifted the tech sector even higher. Business Day TV touched base with V​ictor Mupunga from Old Mutual Wealth for more insight.

13 Jul 2020 2AM 6 min

How to build financial immunity

Can a 'side hustle' be the start of a new beginning, or a supporting boost, at the very least? Michael very speaks to ​René Grobler, Head of Investec Cash Investments; Nic Haralambous, ‘Side Hustle’ author and keynote speaker; & Dr Adrian Saville, Professor of Economics, Finance and Strategy at GIBS.

13 Jul 2020 2AM 28 min

What can be done to save South Africa's economy?

Business for South Africa has released a blueprint for how the country can avoid an economic crisis. The proposals focus on how infrastructure, among other programmes, can help revive the economy. Business Day TV caught up with Martin Kingston from Business For South Africa to unpack the plan in greater…

13 Jul 2020 2AM 8 min

FSCA says insurers must pay out Covid-19 BI claims

South Africa's financial services regulator has come out strongly against insurers who have refused to pay claims related to the Covid-19 pandemic. The body has stated that the National Lockdown cannot be used by any insurer as grounds to reject a claim because such conduct goes against the principles of…

13 Jul 2020 2AM 7 min

Covid rescue plan for private practitioners

In the public healthcare sector, general taxes fund the system and healthcare worker salaries get paid regardless of whether patients show up for services. Not so in the private healthcare sector. The Covid-19 outbreak means people aren't seeking out care. Michael Avery discusses plan on the table to help ease…

10 Jul 2020 2AM 26 min

Why economists urge MPs to reject Mboweni's budget ​

The Institute for Economic Justice has described finance minister Tito Mboweni's supplementary budget as ‘uninspired’ because it lacks detail on how government plans to fix the country’s social issues. Business Day TV spoke to the Co-director of the Institute for Economic Justice Gilad Isaacs about their latest efforts to get…

10 Jul 2020 2AM 7 min

Print media: will Covid burn the boats?

Legend has it that when Cortes landed in Mexico in the 1500s, he ordered his men to burn the ships that had brought them there to remove the possibility of doing anything other than going forward into the unknown. Has Covid ushered in a similarly decisive moment for traditional print…

9 Jul 2020 2AM 25 min

Is Life Healthcare ready for the Covid-19 storm?

The COVID-19 storm that Health Minister Zweli Mkhize has been warning about has finally arrived. The country has surpassed the 200 000 infection mark with not enough hospital beds to cater to the need. Business Day TV spoke to Charl van Loggerenberg, General Manager of Emergency Medicine at Life Healthcare…

9 Jul 2020 2AM 8 min

Where to from here for SA's factories?

The manufacturing sector has recorded its 11th month of consecutive declines with output plunging 49.4% year-on-year in April. The slowdown is worse than the contraction experienced during the 2009 global financial crisis. Business Day TV spoke to Executive Director at the Manufacturing Circle Philippa Rodseth for her take on the…

9 Jul 2020 2AM 5 min

Covid-19 forces Emerging Markets to adjust monetary policy

Emerging markets have been hard hit by the coronavirus and in an attempt to deal with the volatility central banks in those territories have embarked on unconventional monetary policies. Business Day TV touched base with Oanda's Craig Erlam for more on the matter.

9 Jul 2020 2AM 3 min

The pandemic of debt

When faced with low growth here in SA the executives at a number of SA REITS looked towards central and eastern Europe and the antipodes for growth and raised foreign currency debt to fuel their expansion. They now lack sufficient equity to absorb the losses from COVID 19 related shutdowns…

8 Jul 2020 2AM 27 min

Is SAA's new business rescue plan ready for takeoff?

SAA’s business rescue practitioners have sweetened the deal for unions. A revised voluntary severance package offer has been accepted by most unions with the promise of retaining an extra 1000 workers on a training layoff scheme to help launch a new airline. Business Day TV spoke to Acting DG in…

8 Jul 2020 2AM 7 min

Why salary cuts may not bode well for tax collections

The annual tax season has been pushed out to September 1. That's as the South African Revenue Service aims to have most tax payers, many of whom may have received pay cuts due to the impact of Covid-19 auto-assessed. Business Day TV spoke to Sars Commissioner, Edward Kieswetter to get…

8 Jul 2020 2AM 6 min

What does the work from home trend mean for the property sector?

The property sector was hard hit by level 5 lockdown and now some analysts are warning that vacancies could continue to rise as more employers opt to have staff work from home. Business Day TV discussed this in detail with Stanlib's property analyst, Ahmed Motara.

8 Jul 2020 2AM 5 min

Pandemic infects municipal finances

The economic ravages of Covid 19 are placing municipal revenues under pressure. Michael Avery speaks to Danga Mughogho – Programmer Manager for Well Governed Cities, Ian Neilson, Executive Deputy Mayor and MMC of Finance in the City of Cape Town, Nkosindiphile Xhakaza, Ekurhuleni MMC for Finance and Economic Development, Krish…

7 Jul 2020 2AM 29 min

Dis-Chem found guilty of price gouging

The Competition Commission has found Dis-Chem guilty of excessive pricing on face masks and ruled that the retailer must pay a fine of R1.2m. Business Day TV spoke to the head of cartels at the Competition Commission Makgale Mohlala for more detail.

7 Jul 2020 2AM 5 min

How Omnia returned to profitability

Omnia is back in the black. The chemicals and fertiliser maker has reported profit after tax of R129m from a loss of R408m previously thanks to its turnaround strategy. Business Day TV spoke to the company’s CEO Seelan Gobalsamy for his take on the numbers and how well it positions…

7 Jul 2020 2AM 6 min

Sarb eases bond buying programme

The SA Reserve Bank eased its bond buying programme in June by taking up R5.1bn in government debt. Business Day Tv touched base with RMB's Michelle Wohlberg for more insight.

7 Jul 2020 2AM 5 min

Ratings agencies cast doubt over spending cuts

Moody’s, Fitch and S&P Global are singing from the same hymn sheet. The ratings agencies are doubtful about finance minister Tito Mboweni’s debt stabilisation plan. S&P Global is the lastest reviewer to add its voice to the growing concern but is also the only ratings agency that has a stable…

6 Jul 2020 2AM 8 min

Has the UIF dropped the ball on TERS funding?

Government’s UIF Covid-19 relief fund has run into various issues. Business Day TV spoke to UIF Commissioner at the Department of Labour Teboho Maruping for a closer look at what is being done to address the issues.​

6 Jul 2020 2AM 8 min