Business News Leaders

Are there holes in Cosatu's Eskom bailout plan?

Cosatu's proposed digging into the Government Employee Pension Fund to address Eskom's financial woes. Business Day TV spoke to Janina Slawski, Principal Investment Consultant at Alexander Forbes Investments about the viability of the plan and its far reaching consequences.

6 Feb 2020 1AM 7 min

Why are South African miners facing a funding squeeze?

Making the mining industry more sustainable has been a key focus at the annual Investing in African Mining Indaba over the past few days. This comes as mining companies struggle to secure funding as global investors shift away from heavy industry in favour of cleaner sectors. Joining Business Day TV…

5 Feb 2020 1AM 5 min

Can SA's mining sector bounce back?

The 26th edition of the Investing in African Mining Indaba is underway in Cape Town. The theme for this year is "Optimising Growth and Investment in the Digitised Mining Economy". Around this time last year, Roger Baxter, CEO of the Minerals Council South Africa penned an article on bouncing back…

5 Feb 2020 1AM 7 min

Should the GEPF be used to cut Eskom's debt?

Cosatu has proposed a R250 billion bailout plan for Eskom, with the funds set to come from the Government Employee Pension Fund. Business Day TV spoke to Cosatu’s Parliamentary Officer, Matthew Parks to discuss the risk and conditions of the proposal .

5 Feb 2020 1AM 7 min

Why Edcon is still battling to survive

Having secured a 2.7 billion rand capitalisation plan in March 2019 in which lenders, including the PIC, freed it of all interest-bearing debt in exchange for shareholdings. Edcon, the owner of Jet and Edgars, is battling for survival and reports of continued stress are borne out by ongoing store closures,…

4 Feb 2020 1AM 15 min

Policy uncertainty remains in SA's mining sector

The 26th edition of the Investing in African Mining Indaba and policy uncertainty still remains. Peter Leon, Co-chair and Partner at Herbert Smith Freehills raises questions around potentially unlawful provisions of Mining Charter three and shortcomings of the draft Upstream Petroleum Resources Development Bill. Mineral resources & energy minister, Gwede…

3 Feb 2020 1AM 7 min

China seeks to cushion Coronavirus' blow to the economy

China's central bank took its first concrete steps to cushion the economy in the wake of the coronavirus outbreak. That's as it lowered interest rates of reverse repurchase agreements while injecting a large amount of liquidity into the banking system. Joining Business Day TV with his take on the move…

3 Feb 2020 1AM 5 min

Potential impact of the Coronavirus on SA’s tourism sector

International tourist arrivals to South Africa have been on the decline - those arrivals in fact came in at at a three-and-a-half-year low in the third quarter... And in a bid to turn that around SA Tourism signed a two-year deal with China's biggest online platform, Tencent, to help lure…

30 Jan 2020 1AM 8 min

FED expected to stand pat on rates

The Fed was in focus today and while the expectation is that interest rates in the US will be held steady - plans to slow its asset purchases may well be on the table. Business Day TV spoke to Tsikaro Mapena from Nedbank CIB and he shared his reading of…

29 Jan 2020 1AM 5 min

Tiger Brands post ‘the MacDougall era’

Tiger Brands CEO, Lawrence MacDougall is due to retire. The company's current CFO, Noel Doyle will take the helm next month. MacDougall's tenure is infamous for the listeriosis outbreak which killed over 200 people two years ago. The cloud still hangs over the company, where to from here for Tiger…

29 Jan 2020 1AM 11 min

ANC'S land expropriation plan raises ire of business

The clock is ticking - you've got until Friday to hand in your written submissions commenting on the draft bill on land expropriation. Business has in the meantime added its voice to public comment on the matter raising red flags around the ANC's latest push to become the final arbiter…

28 Jan 2020 1AM 7 min

Development Bank throws SAA a R3.5 billion lifeline

SAA now has funds to stay afloat during its business rescue process. This comes after securing a loan from the Development Bank of South Africa. Business Day's Carol Paton broke the story and she joined Business Day TV on the line with more of the detail.

28 Jan 2020 1AM 5 min

Local bonds rebound from December's decline

While bond yields had been on a decline towards the end of last year... January has seen somewhat of a reversal of that trend - with yields now on the up... the R2030 government bond, for one, moving to 9.075%.... and Michelle Wohlberg from RMB joined Business Day TV for…

28 Jan 2020 1AM 6 min

Is André de Ruyter able to flick the switch at Eskom?

Eskom is faced with debt north of R450 billion, the biggest in the country's corporate history and ratings agencies have termed it the single biggest risk to the South African economy. Business leaders recently called out politicisation as being at the heart of the utility's crisis. A mammoth task lies…

27 Jan 2020 1AM 14 min

Sasol to join A2X via secondary listing

Chemicals group Sasol has confirmed that its planning a secondary listing on the A2X next week, increasing the number of securities available for trade on the exchange to 34. Joining Business Day TV take a look at A2Xs track record is CEO of the A2X Markets, Kevin Brady.

27 Jan 2020 1AM 5 min

53% of Global CEOs eye slower economic growth in 2020 - PwC

More than half of Chief Executives across the world expect a slowdown in global economic growth this year That's according to data from an annual PWC survey unveiled at the World Economic Forum. The high level of pessimism is attributed to over-regulation, rising trade wars, cybersecurity threats and rising negative…

24 Jan 2020 1AM 7 min

Consumer inflation ticks up in December

In line with expectations, inflation ticked up in December largely driven by fuel increases. The print came in at 4% from 3.6% previously. While this is the first uptick in four months, it still remains well below the midpoint of the Sarb's target range of 3-6%. Siobhan Redford, Economist at…

22 Jan 2020 1AM 6 min

Is SA Inc a tough sell at WEF Davos?

The World Economic Forum is underway in Davos. The meeting takes place amid slowing global growth, and while sub-Saharan Africa's growth is expected to outpace, the South African economy is proving to be quite the laggard - with growth here pegged at just 0.8% for this year. So, SA Inc…

22 Jan 2020 1AM 7 min

Retail sector trends for 2020

South African retailers Truworths, TFG and Mr Price may have recorded positive sales growth over the holiday season - but the retail sector is one under pressure - as the low to no growth environment sees consumers tighten their purse strings and focus on their needs, more than their wants…

22 Jan 2020 1AM 6 min

SAA cancels flights to conserve cash

SAA has been forced to cancel a number of domestic and international flights to preserve some cash. This as the struggling airliner waits on government to find the R2-billion it so desperately needs to stay afloat during the business rescue process. Government has said that it's still looking for the…

21 Jan 2020 1AM 7 min