Business News Leaders

Climate-conflicted directors reappointed to Standard Bank's board

Just Share's calls for climate-conflicted linked Standard Bank directors to be voted out have fallen on deaf ears. That's as the directors that came under fire were reappointed at the bank's AGM today. Business Day TV caught up with Just Share's executive director Tracey Davies for some insight on the…

26 Jun 2020 2AM 8 min

Covid-19 throws a spanner in the works for the steel industry

Covid-19 has thrown a spanner in the works for the ailing steel and engineering industry and even though a steel master plan is in process, the likelihood of the sector showing a turnaround in the short to medium term is slim. Business Day TV spoke to Michael Ade, Chief Economist…

25 Jun 2020 2AM 8 min

Where will Mboweni find the money?

All eyes on Finance Minister Tito Mboweni’s dying aloe ferox. The rand is holding steady ahead of the key budget revision. The first emergency budget in the country’s fiscal history. To preview this decisive moment Business Day TV's Michael Avery spoke to Dr Miriam Altman, Director of Altman Advisory and…

24 Jun 2020 9AM 26 min

Dissecting Mboweni’s emergency budget

Finance Minister Tito Mbwoeni has presented his emergency budget and has laid bare the country’s tough fiscal position. Debt levels are set to rise and borrowing from financial institutions will become the order of the day. Business Day TV spoke to Kevin Lings, Chief Economist at Stanlib and Busi Mavuso,…

24 Jun 2020 2AM 13 min

CPI falls to lowest level in nearly 15-years

South Africa's inflation rate fell to 3% in April from 4.1% in March. This is the lowest reading in almost 15 years as the country went into its most severe period of lockdown when only essential goods and services were available. Business Day TV discussed the print in detail with…

24 Jun 2020 2AM 3 min

Why African Bank slipped into the red

African Bank has slipped into a loss in its half year to end-March. That's as the lender had to make adjustments to accommodate the impact of Covid-19. Business Day TV caught up with CEO Basani Maluleke for more detail

24 Jun 2020 2AM 5 min

How do we tackle youth unemployment in SA?

The unemployment rate has hit an unprecedented high of 30.1% in the first quarter with nearly 9 million of the country’s youth sitting without jobs. In 2018, President Ramaphosa promised to tackle youth unemployment via his YES Program but Covid-19 has thrown a spanner in the works. Business Day TV…

23 Jun 2020 2AM 7 min

How Absa is responding to the coronavirus pandemic

Absa has warned of a massive decline in earnings and a potential doubling in credit impairments due to Covid-19 but the bank is trying to minimise the impact of the virus on consumers. Business Day TV spoke to the company’s CEO Daniel Mminele for detail.

23 Jun 2020 2AM 6 min

Peregrine warns of tough times ahead

Once-off items have weighed on Peregrine. The group has reported a 28% slump in annual headline earnings per share. Peregrine has also warned that tough times lie ahead with volatility related to Covid-19 likely to persist for the next 6 to 12 months. Business Day TV touched base with CEO…

23 Jun 2020 2AM 5 min

SA's economy in the throes of the anticipated fallout from this global crisis

As we pick through the detritus in the wake of the Covid 19 wreckage its increasingly clear that theoretical relief was far removed from the practical realities of so many small business owners out there. The R200bn guaranteed loan scheme is a crucial centrepiece of "phase two" of the economic…

23 Jun 2020 2AM 25 min

Is aggressive QE a viable option for SA?

South Africa's reserve bank governor Lesetja Kganyago has warned that rolling out a full-blown quantitative easing programme could lead to bankrupting the Sarb which in turn would mean that the Sarb would need a bailout from the National Treasury. Business Day TV caught up with RMB's SA Economist Siobhan Redford…

22 Jun 2020 2AM 5 min

Why activists call for climate-conflicted directors to be voted out

Activist group Just Share and Standard Bank are not seeing eye-to-eye regarding its stance on ousting board members with links to fossil-fuel companies. Business Day TV spoke to Standard Bank's CEO Sim Tshabalala for the bank's perspective on the matter.

22 Jun 2020 2AM 8 min

Aspen works on life-saving Covid-19 drug

Aspen was recently thrust into the spotlight, after research showed that one of the drugs it supplies has reduced deaths in critically ill Covid-19 patients. Business Day TV spoke to Aspen's CEO Stephen Saad about whether the company has capacity to meet growing demand for the drug.

19 Jun 2020 2AM 7 min

On the Covid Frontline

Business Day TV's Michael Avery speaks to Dr Helen van der Plas, Infectious Diseases Specialist and Specialist Physician at the Life Vincent Pallotti Hospital in Pinelands in the Western Cape. All Life Healthcare hospitals have a dedicated COVID-19 Doctor Committee/Task Team to assist hospital management committees in clinical decisions and…

19 Jun 2020 2AM 25 min

Conjuring construction from the dead

This roundtable discusses the basics of the inaugural Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) which will be hosted by President Ramaphosa on 23 June 2020. Business Day TV's Michael Avery speaks to Dr Kgosiento Ramokgopa, head of the Investment and Infrastructure Office in The Presidency; Andries van Heerden,…

18 Jun 2020 2AM 26 min

Will SA's hospitality industry be able to bounce back?

Government has decided to allow a host of businesses to reopen as lockdown restrictions are eased under level three. The hospitality and gaming sector is among the industries that will be back in business but is it a little too late to secure a bounce back? Business Day TV spoke…

18 Jun 2020 2AM 11 min

Is the global economy set for a v-shaped economic recovery?

Some economists have offered an optimistic take on the global economy by forecasting a v-shaped recovery once lockdown restrictions are eased but have fears of a second wave dampened sentiment? Business Day TV discussed this in detail with Nema Ramkhelawan-Bhana from RMB.

18 Jun 2020 2AM 4 min

Death and taxes – the big inheritance debate

Last week leading constitutional law scholar Pierre de Vos, Claude Leon Foundation Chair in Constitutional Governance at the University of Cape Town and author of the Blog, Constitutionally Speaking, sparked a heated online debate when he said the time had come to reimagine how we deal with the transfer of…

17 Jun 2020 2AM 27 min

Ramaphosa appoints council to reform SOEs

President Cyril Ramaphosa has appointed a council that has been tasked with turning some of the country's ailing SOEs around and Business Day TV caught up with Nedbank Corporate & Investment Banking's Jones Gondo for more detail on what he made of the move.

17 Jun 2020 2AM 5 min

Government pursues plans for nuclear power build

The Department of Mineral Resources and Energy has taken steps to start a new nuclear-power programme. Business Day TV caught up with the department's Deputy Director General of Energy Zizamele Mbambo to discuss the latest efforts to revive South Africa's flagging nuclear industry.

17 Jun 2020 2AM 10 min