Business News Leaders

Climate change tops agenda at WEF Davos

The World Economic Forum has kicked off in Davos. This marks the 50th year where global leaders and captains of industry meet in the Swiss mountain town to discuss economic growth, trade, tech regulation and climate change. This year's event takes place under the theme, 'Stakeholders for a Cohesive and…

21 Jan 2020 1AM 7 min

Impact of potential UK trade deals for SA growth

The UK-Africa Investment Summit has kicked off. For the first time, leaders and businesses from African countries are meeting with UK businesses and government to discuss what trade could look like between the parties post Brexit. Leon Ayo, President of the British Chamber of Commerce in SA spoke to Business…

20 Jan 2020 1AM 7 min

2020 Listed Property outlook

South Africa's listed property companies have taken quite the beating, with the REIT sector coming in as the worst performing asset class for a second straight year in 2019. Joining Business Day TV to discuss what lies ahead for the sector this year is Keillen Ndlovu from Stanlib.

20 Jan 2020 1AM 5 min

IMF cuts SA's 2020 growth forecast

Welcome back. The IMF has cut the country’s growth forecast for this year , right through to 2021. Growth is expected to peak at 0.8% this year down from a forecast o 1.1% previously. Montfort Mlachila, the IMF Resident Representative in SA joins us on the line to discuss the…

20 Jan 2020 1AM 6 min

Anglo American launches R7.6 billion Sirius Minerals

Anglo American has made a formal takeover bid of over R7 billion for Sirius Minerals, a miner building a polyhalite operation in the UK to provide fertiliser feedstock to the global market. SP Angel mining analyst, John Meyer shares his analysis of the bid with Business Day TV.

20 Jan 2020 1AM 6 min

SA's jobs bloodbath

South Africa's been rocked by news of mass retrenchments this week. With Telkom being the latest company to announce jobs cuts, after Massmart said its planning on shutting down 34 stores and as Sibanye Stillwater concludes its restructuring process. Joining Business Day TV on the line with his perspective on…

17 Jan 2020 12AM 8 min

Top Stocks for 2020

We might have entered a new decade but listed companies locally, are still being haunted by ghosts of past: tepid growth, policy uncertainty and Eskom blackouts. Despite these tough conditions though there still seems to be some bright spots in the local market. You just have to know where to…

15 Jan 2020 1AM 7 min

Retail sales growth higher than consensus

Analyst expectations of a 0.7% rise in retail sales during Black Friday month has been sharply outpaced. The November print came in at 2.6% year-on-year from 0.4% in October. While this is a marked improvement, it is well below the 4.5% average annualised growth rate recorded during the November seasonal…

15 Jan 2020 1AM 7 min

NECSA's remaining board members resign

The State Nuclear Energy Corporation is without a board yet again. The remaining four members of the board resigned today citing a dysfunctional relationship with Energy Minister, Gwede Mantashe. Back in 2018, then Energy Minister, Jeff Radebe fired the entire Necsa board. The High Court later found the axing to…

15 Jan 2020 1AM 9 min

Woolworths CEO Ian Moir to depart in February

Roy Bagattini is set to take over the reins at Woolworths come next month, replacing Ian Moir who's been at the helm since 2010. The announcement comes just months after the retailer sent Moir to Austrailia to oversee the turnaround at its department store chain David Jones - where it's…

14 Jan 2020 1AM 7 min

Vodacom reportedly in talks to acquire Cell C subscribers

The telecos sector may be in for a shake-up. Mobile giant, Vodacom is said to be in talks with struggling Cell C to acquire its contract customers. The move could see Vodacom gaining over a million subscribers. While Vodacom has declined to comment on the news, Telecoms Analyst Dobek Pater…

14 Jan 2020 1AM 8 min

It's darker days at Eskom

ANC Treasurer general, Paul Mashatile is calling for the ailing power utility to be moved from Public Enterprises to the Energy Department to deal with its challenges. This in the wake of Jabu Mabuza having resigned as Chair of the Eskom board, this brings to seven the amount of chairspersons…

13 Jan 2020 1AM 7 min

Why that rand could be facing a bumpy year

The local unit is set for another bumpy year as investors struggle to assess the effect of a weak domestic economy and geopolitical risks. But some analysts say the rand could strengthen as much as 4.4% against the dollar this year - that's only if the government makes progress in…

13 Jan 2020 1AM 6 min

Game over for SA without big reforms - Mboweni

Finance Minister Tito Mboweni has warned that the government's failure to ramp up structural reforms will result in the country losing its last-remaining investment-grade credit rating… Moody's is the only agency not already holding SA at junk but did lower the country's outlook to negative last year. Business Day TV…

10 Jan 2020 1AM 7 min

Mines renew urgent calls for independent power in SA

Mining production has fallen nearly 3% in October marking the third consecutive month of declines. The sector was also the biggest drag on the economy in the third quarter and Eskom's load shedding only exacerbates the situation. Miners were forced to cut production due to power cuts this week and…

12 Dec 2019 1AM 6 min

ECB holds rates as Lagarde takes the wheel

The European Central Bank has stood pat on rates and stuck to its bond-buying programme at the first monetary policy meeting under its new president Christine Lagarde. Joining us on the line now with his perspective on the decision is Claus Vistesen from Pantheon Macroeconomics.

12 Dec 2019 1AM 5 min

Inflation at a near nine year low

South Africa's inflation rate has hit a near nine year low, coming in at 3.6% in November. It marks the third consecutive month that inflation has eased - with the major driver behind the decline: lower transport costs. And joining Business Day TV to interrogate Wednesday’s print a bit further,…

11 Dec 2019 1AM 6 min

Land expropriation draft bill open for public commentary

You have roughly over a month to comment on the Draft Constitution Eighteenth Amendment Bill which speaks to changes made to Section 25 of the Constitution - allowing for land expropriation without compensation. While the Bill is not clear on the specific circumstances when no compensation will be given, it…

11 Dec 2019 1AM 8 min

What quick wins SA can capitalize on in 2020

The country's growth prospects are dim but RMB CEO, James Formby is of the belief that there are low hanging fruit that could help jumpstart growth. He joined Business Day TV as they took a look at some of the quick wins that can be achieved in 2020 to help…

11 Dec 2019 1AM 7 min

How load shedding is affecting Harmony Gold

The mining industry has moved from being a top GDP contributor to being the biggest drag on the economy and load shedding isn't doing the industry any favours. Miners have been forced to cut production due to power shortages. Harmony Gold has called off its underground shifts which will only…

10 Dec 2019 1AM 8 min