Business News Leaders

Business confidence recovers from 34-year low

The Sacci Business Confidence Index has rebounded from a 34-year low in September, rising by 3.3 index points to 92.4. The boost in sentiment was largely supported by increased merchandise export volumes and new vehicle sales. Business Day TV spoke to Sacci chief economist Richard Downing about the latest print.

9 Oct 2019 2AM 7 min

What role will renewable energy play in SA's electricity generation master plan?

South Africa's revised Integrated Resource Plan will be presented to Cabinet next week. Mineral Resources and Energy Minister, Gwede Mantashe made the announcement at this year's Windaba adding that the plan will make room for all. Ntombifuthi Ntuli, CEO of the SA Wind & Energy Association spoke to Business Day…

8 Oct 2019 2AM 6 min

Why is the magic of unicorns fading?

Over the past few months we've seen the IPO market go from hot to not, with proceeds slowing more than 50% in the third quarter when compared to the prior period. Business Day TV has put into focus the unicorns… the nickname used for startups with private valuations of $1…

7 Oct 2019 2AM 7 min

Altron awarded Microsoft licence

Things are coming together for Altron's plans with Karabina which it acquired just over a year ago. The technology group has been named the Microsoft licensing solution provider in South Africa and will be the software giant's biggest LSP partner in the UK through its subsidiary, Bytes. This license allows…

7 Oct 2019 2AM 7 min

SA's debt-to-GDP could reach 95% by 2024, says IIF

According to a report released by the Institute of International Finance, the country's debt could rise by as high as 95% of the gdp by 2024. That's if the government doesn't restructure Eskom and implement a workable growth plan. For more detail on this Business Day TV spoke to the…

4 Oct 2019 2AM 6 min

Mining stocks - hot or not?

It's been quite a good year for local miners as the rally in iron ore, gold and PGM's boosted earnings and put dividends back on the agenda. However looming labor disputes and the slow demise of gold mining leaves the industry with plenty of challenges. Joining Business Day TV to…

3 Oct 2019 2AM 7 min

Outlook for SA's mining industry

The seventh edition of the Joburg Indaba which brings together mining and resource companies, investors, labour and government to discuss critical industry issues drew to a close today. CEO of the Minerals Council SA Roger Baxter's session focused on the impact of the economy on mining, he spoke to Business…

3 Oct 2019 2AM 8 min

Mergence doubles its stake in Wiese's Brait

Christo Wiese has named former banker, Paul Roelofse as his alternate on the Brait board. Roelofse replaces Wiese's son as the tycoon moves in on plans to restructure the investment company. The broad plan to reduce debt may involve fund raising, cost cutting and asset sales. Business Day TV caught…

3 Oct 2019 2AM 7 min

ANC plays same old tune on the economy

The ruling party's National Executive Committee has addressed the media on the outcomes of their meeting on the economy. And while Minister Mboweni's growth plan was discussed, it was never outright rejected or endorsed. The plan does however largely draw on existing policies and the National Development Plan which the…

2 Oct 2019 2AM 7 min

FSCA fines METCI R100m

The Financial Sector Conduct Authority (FSCA) has fined MET Collective Investments R100 million after a four year investigation revealed that the company breached various sections of financial sector laws which led to a 66% loss in one of its unit trust funds in 2015. Business Day TV caught up with…

2 Oct 2019 2AM 7 min

ANC mum on Mboweni's plan to sell state assets

The ANC says it has a plan to grow the country struggling economy the ruling party has released a lengthy statement on the matter following the special NEC meeting held over the weekend but many of those have suggested solutions are not new the statement repeats a long list of…

2 Oct 2019 2AM 2 min

Absa PMI records worst reading in a decade

The Absa Purchasing Manger's Index has registered its second consecutive large fall in September, falling to its lowest level in 10-years. The drop was led by a sharp decline in new sales orders, purchasing inventories and business activity as local and global growth fears weaken demand. In the meantime, the…

1 Oct 2019 2AM 8 min

Amcu warns of strike action to force mining bosses to accede to its wage demands

Largest union in the platinum sector, Amcu has referred its wage dispute with Amplats and Sibanye-Stillwater to the CCMA, adding that this referral increases chances of its members embarking on strike action if their demands of a R1000 yearly wage increment for the next three years is not met. Union…

1 Oct 2019 2AM 7 min

No need to break up private hospital groups, says Health Market Inquiry

It has taken nearly six years for the Competition Commission's Health Market Inquiry to diagnose the factors which prevent, distort or restrict competition in the private healthcare industry. The panel looking into the matter recommends more oversight in the sector to help keep those issues at bay. Ntuthuko Bhengu a…

30 Sep 2019 2AM 7 min

Transnet reports R49bn in irregular expenditure

Transnet has released its annual numbers and while revenue is up a tepid 1.6% the group has posted a 25% jump in profit. The stand-out figure however is the R49 billion in irregular expenditure that has been flagged by its auditors. Transnet's Acting Group Chief Executive, Mohammed Mahomedy joined Business…

30 Sep 2019 2AM 8 min

MC Mining narrows its annual loss

Volatile international coal prices and reduced volumes have hit junior coal miner MC Mining, formerly known as Coal of Africa. It may have narrowed its interim loss but revenue has been hurt by lower coal output. It has in fact seen a 63% fall in cash generated from operations in…

30 Sep 2019 2AM 6 min

SA's foreign tourist arrivals decline

According to Stats SA foreign tourist arrivals fell at an annual rate of 5% in July. The figures also show that South Africans are travelling less overseas. Business Day TV spoke to CEO of the Tourism Business Council of SA, Tshifhiwa Tshivhengwa, about what the data reveals about a sector…

27 Sep 2019 2AM 8 min

Mining industry remains in transition, says PwC

PWC has released its 2019 Mine Report which reveals that Eskom's energy constraints and uncertainty around the Mining Charter still weigh on the sector. Coal production however remains the largest revenue earner for South African miners BUT there's a wave of coal divestment hitting the the country. Business Day TV…

26 Sep 2019 2AM 6 min

Capitec grows client base to 12.6-million

Capitec has delivered on expectations. The group's reported a 20% rise in interim profit this as the lender grew its customer base by 200 thousand per month during the period, and saw a smaller impairment charge. The company's gross loan book however is up by 17% while the gross credit…

26 Sep 2019 2AM 8 min

UN calls for action to finance a Global Green New Deal

The UN Conference on Trade & Development has launched its 2019 report which has found that the Sustainable Development Goals set in 2015 will only be met at the targeted 2030 deadline if a global green new deal is in place. The organisation's Senior Economist, Diana Barrowclough joined Business Day…

25 Sep 2019 2AM 7 min