Business News Leaders

The impact of SA's lockdown on the mining sector

South Africa recently implemented a nationwide lockdown to curb the coronavirus spread, which has seen mining firms curtail production. Business Day TV spoke to Nedbank CIB's Mining Analyst Arnold Van Graan about the mining sector's outlook, with the industry reportedly set to lose up to R1.5 billion per day due…

1 Apr 2020 2AM 4 min

Absa PMI suggests worst is yet to come for manufacturers

The Absa PMI has registered its worst quarterly performance since 2009. It averaged 45.9 index points in the first quarter, down from 47.6 in the final quarter of 2019, and this despite the index having improved in March. The print suggests that the manufacturing sector may be in for worse…

1 Apr 2020 2AM 13 min

How the less fortunate are receiving a lockdown helping hand

An initiative that will raise funds to assist 3000 waste pickers, 3000 car guards and 3000 traffic light waste collectors traders and 1000 homeless people has been launched by the AdReach group. Money generated will be used to provide food parcels and personal hygiene products like sanitisers, soaps, tissues, masks…

31 Mar 2020 2AM 8 min

Did Treasury’s tax proposals for SME’s and workers fall short?

In response to their own Covid-19 fall-outs, countries around the developed world have rolled out extensive fiscal packages to help SME’s and workers weather the Coronavirus storm. In South Africa, there’s a feeling that the recent tax relief proposals from National Treasury, has fallen short of the acceptable mark. Michael…

31 Mar 2020 2AM 7 min

Are Unit Trust investments safe beyond the Coronavirus Pandemic?

Investors are concerned that even collective investments, such as Unit Trusts, may not be safe in the general financial market storm created by the Covid-19 pandemic globally. Gary Alfonso spoke to Financial Mail Associate Editor Stephen Cranston about the state of the Unit Trust sector in week one of the…

31 Mar 2020 2AM 7 min

Mining Sector players weigh in on lockdown and next steps

There’s no doubt that the impact of the lockdown and the Coronavirus Pandemic will be huge on the mining sector. But most industry players agree the safety of the workers are paramount. Equally the potential of Covid 19 to wreak havoc in an industry where workers have a predisposition to…

31 Mar 2020 2AM 28 min

Oil firms on US-Russia talks

Oil prices firmed, amidst reports that the United States and Russia are looking to cooperate on stabilising energy prices. Business Day unpacks the dynamics at play with Craig Erlam, Senior Market analyst at Oanda.

31 Mar 2020 2AM 4 min

Covid-19's impact on SA's labour force

Annual growth in South Africa's formal jobs sector rose marginally in the final quarter of 2019, driven by growth in community services and trade. Business Day TV sat down with a panel of experts to unpack the country's labour force outlook, within the context of the economic pressure South Africa's…

31 Mar 2020 2AM 13 min

What is the impact of COVID-19 having on the banking sector

With banks of course playing a vital role in the economy and staying operational and accessible, the Board of the Banking Association South Africa has considered the industry's response to the Covid-19 pandemic and the lock-down - and the association's MD, Cas Coovadia talks to Business Day TV talks about…

30 Mar 2020 2AM 8 min

Why Moody's rated SA as junk

Moody's move to downgrade South Africa's credit rating to junk wasn't unexpected, the timing, however puts additional pressure on the country's economy as we're still assessing the impact of the coronavirus. Business Day TV unpacked the decision with Business Day Editor, Lukanyo Mnyanda, Intellidex's Peter Attard Montalto and Duma Gqubule…

30 Mar 2020 2AM 10 min

How bond markets react to SA's junk status

Many economists expect South Africa's borrowing costs and government bond yields to rise on the back of the Moody's downgrade. Business Day TV caught up with Absa Asset Management's James Turp for more insight on the current activity playing out on the bond markets.

30 Mar 2020 2AM 3 min

Will the rise in communication weigh on connectivity?

South African's will rely on solid internet connectivity to get a lot of their tasks done, as we head into a national lockdown. Given the anticipated pressure on service providers to deliver, Business Day TV spoke to Rain's CEO Willem Roos about whether the firm is positioned to do so.

27 Mar 2020 2AM 7 min

Miners supplying Eskom to remain operational

The Department of Mineral Resources and Energy says that it recognises that a complete shutdown of the mining industry is not feasible. Business Day TV spoke to DG of the Department of Mineral Resources and Energy, Thabo Mokoena to assess the readiness of the sector for the 21-day lockdown.

27 Mar 2020 2AM 7 min

Total shutdown of mining sector not feasible - DMR

The Mineral Council’s lobbying has paid off. PGM production will continue during the national lockdown albeit at significantly lower output levels. Business Day TV spoke to Peter Major, Mining Analyst at Mergence Corporate Solutions for his view on what the national lockdown period may mean for various players in the…

27 Mar 2020 2AM 7 min

How SARB ups liquidity measures as lockdown looms

As the country readies for a 21-day lockdown, the Reserve Bank has increased it measures to buffer the financial system against the coronavirus impact. These include extending refinancing operations, as well as buying government bonds to inject liquidity into the system. Business Day TV spoke to the Reserve Bank's Deputy…

26 Mar 2020 2AM 8 min

Impact of national lockdown on the property sector

The national lockdown is set to hit a number of sectors. The property industry has taken a beating, with mall owners feeling the impact of consumers remaining at home. Business Day TV spoke to Ridwaan Loonat from Nedbank CIB about the property sector's performance year to date, as well as…

26 Mar 2020 2AM 5 min

How global stimulus measures boost local unit

The local unit might've been dealt a blow over the past days, but it managed to gain some ground on Tuesday. RMB's John Cairns took Business Day TV through some of the factors influencing the currency market.

25 Mar 2020 2AM 4 min

R500m immediately available to assist SMMEs

Government has made R500 million available to assist small, medium and micro enterprises during the coronavirus lockdown. Business Day TV spoke to John Dludlu, CEO of the Small Business Institute for his views on the fund.

25 Mar 2020 2AM 8 min

How the property industry is affected by Covid-19 lockdown

Vukile Property Fund has significant mall exposure across South Africa and Spain. The two countries have gone under national lockdown due to the coronavirus spread. Business Day TV spoke to the CEO of Vukile Property Fund Laurence Rapp, for his assessment of the impact on the property industry.

25 Mar 2020 2AM 6 min

How a growing student base boosts ADvTECH's revenue

A growing student base has given ADvTECH a boost. That's as it reported a 16% rise in revenue and a 20% increase in headline earnings per share. Business Day TV spoke to CEO Roy Douglas for more detail on the performance.

24 Mar 2020 2AM 8 min