Business News Leaders

State of ETF industry during covid-19

Exchange traded funds faired well in the first-half of the year and Business Day TV caught up with the MD of etfSA Mike Brown for more detail on what contributed to the performance

6 Jul 2020 2AM 3 min

Why some short-term insurers are not paying for BI interruptions

Short-term insurers who reneged on the offer of business interruption cover have become the tourism and hospitality industry's enemy number one. Their decision to not pay out for business interruption claims caused by Covid 19 has seen one insurer so far, dragged to court by some of its clients. Mike…

6 Jul 2020 2AM 26 min

On the Covid Frontline

This week we go to the frontlines of the search for a Covid 19 vaccine with director of The Vaccines and Infectious Diseases Analytical Unit (Vida) in the faculty of health sciences at Wits, Professor Shabir Madhi. Prof Madhi is leading the South African Ox1Cov-19 Vaccine VIDA-Trial.

3 Jul 2020 2AM 25 min

Construction activity falls to a record low in the first quarter

South Africa’s construction industry is under pressure. Afrimat's index for the sector shows that activity registered a year-on-year decline of 12% for the first quarter. Business Day TV unpacked the print, as well as the industry's outlook with independent economist, Roelof Botha.

3 Jul 2020 2AM 7 min

What role is private equity playing in the Covid-19 storm?

The business landscape has shifted fast due to Covid-19 and companies are having to pivot just as quickly to withstand the new terrain. But, where some businesses are being constrained by fairly priced capital, what role are private equity players playing amidst it all? Business Day TV touched base with…

2 Jul 2020 2AM 5 min

How the Kisby fund plans to help SMEs

The Kisby investment fund is looking to raise as much as R5bn to support small businesses. This comes at a time when SMEs are feeling the pressure given the economic fallout from Covid-19. Business Day TV spoke to the fund 's chair Mark Barnes for more detail.

2 Jul 2020 2AM 8 min

Majority unions at SAA snub severance package offer

More than half of the unions at SAA have agreed to take severance packages but the majority unions are being accused of holding the airline to ransom as they have not given any indication whether they’ll agree to the retrenchment packages on offer. Business Day TV spoke to Christopher Shabangu,…

2 Jul 2020 2AM 5 min

Can s12J help spark an sme recovery?

As Covid-19 causes our fiscal deficit to bulge even further, what role should and could incentives such as Section 12J play in supporting smes through this crisis? Michael Avery speaks toAnil Govind - Executive Director - Innovate Alternative Assets; Jonty Sacks, Jonty Sacks partner of Jaltech; Andrew Wellsted, tax partner…

2 Jul 2020 2AM 26 min

Capital ideas to deal with Covid economic fallout

Prof Brian Kantor, an economist and former Chief Investment Strategist of Investec Wealth & Investment SA, talks about what the urgency of reforming the R200bn Covid loan guarantee scheme and what the Reserve Bank should be doing to support an economic recovery from the pandemic.

1 Jul 2020 2AM 26 min

Steinhoff continues to battles accounting scandal fallout

Embattled retailer Steinhoff is yet to fully recover from its accounting scandal that cam to light nearly three years ago. Business Day TV spoke to the company’s CFO Theodore De Klerk for more detail on the group's turnaround strategy

1 Jul 2020 2AM 6 min

Absa PMI ticks up as lockdown eases

South Africa's manufacturing activity picked up in June thanks to the easing of lockdown restrictions. During the month, the Absa PMI ticked up to 53.9 index points from 50.2 previously. Business Day TV spoke to Absa senior economist Miyelani Maluleke for his analysis of the data and what it suggests…

1 Jul 2020 2AM 7 min

Commodities to keep an eye on in the second half of 2020

Covid-19 has dealt a massive blow to the demand for commodities as global growth has waned. Business Day TV touched base with Arnold Van Graan from Nedbank CIB for an outlook on the market as we kick off the second half of the year.

1 Jul 2020 2AM 4 min

Barloworld reports interim loss as Covid-19 weighs

Barloworld has swung to an interim loss of R1.5bn as the group battled impairments and trade restrictions due to COVID-19. In a bid to save costs moving forward, the company will embark on job cuts. Business Day TV spoke to Dominic Sewela, CEO of Barloworld for his take on the…

30 Jun 2020 2AM 6 min

SA economy sinks deeper into recession

South Africa has slipped further into recession with the economy contracting 2% in the first quarter. Business Day TV spoke to Citadel's chief economist Maarten Ackerman for his take on the economy given that the latest print doesn't reflect the impact of Covid-19.

30 Jun 2020 2AM 8 min

Vukile changes dividend policy

Vukile Property Fund, which owns malls in SA and Spain, said it is unlikely to make an interim dividend payment in its 2021 year. It's also changed its dividend policy to preserve cash amid the Covid-19 pandemic. Business Day TV caught up with the group's CEO Laurence Rapp for more…

30 Jun 2020 2AM 5 min

The changing nature of supply chains

One of the most critical questions to answer if one wants to start understanding what a post covid world will look like is how COVID-19 is impacting supply chains and value chains within multinational enterprises (MNEs). Business Day TV's Michael Avery speaks to ​supply chain expert MJ Schoemaker; Duane Newman,…

30 Jun 2020 2AM 24 min

SME lockdown exit strategies

We all know the situation for smes is dire. We know the stats, we’ve read the surveys. That’s not news. As several restaurants and hair salons and many other smaller businesses head back to work this week, the question is what is being done about it and what you can…

29 Jun 2020 8AM 26 min

How Basil Read expects to get back on its feet

Construction group Basil Read expects to emerge from voluntary business rescue after following the process for over two years. Business Day TV spoke to the company’s CEO Kathushelo Mapasa about his expectations for the firm moving forward.

29 Jun 2020 2AM 8 min

What do milk prices across Africa reveal about currencies?​

Similar to the Big Mac index, RMB has a Milk Index and it determines which African currencies are undervalued, overvalued or fair valued. The latest data shows that the rand and Egyptian pound stand out among African currencies as trading close to fair value. Business Day TV touched base with…

29 Jun 2020 2AM 4 min

On the Covid Frontline

South Africa has crossed 100,000 infections and 2000 Covid deaths this week. Business Day TV's Michael Avery speaks to Dr Sandile Kubheka, who at the tender age of 20, became South Africa’s youngest Dr when he qualified seven years ago. Dr Kubheka shares his insights from the frontlines of the…

26 Jun 2020 9AM 23 min