Business News Leaders

Nene opts to step down as Finance Minister

In the run up to the 2019 national election, various allegations and suspicions of individuals who were involved in aiding and abetting State Capture within the ANC may come to light, the latest being Finance Minister Nhlanhla Nene requesting to be step down after admitting to meeting with the controversial…

8 Oct 2018 8AM 9 min

SA Q2 unemployment rate at 27.2%

The South African Institute of Race Relations has said that Ramaphosa's jobs summit should address the 'job-destroying' effects of the governments proposed expropriation policy. Business Day TV caught up with SAIRR's Terence Corrigen for more on his take on the summit as it draws to a close.

5 Oct 2018 7AM 7 min

Seriti Resources set to go public within 2-years

According to economist, Mike Schussler it seems safer for investors to leave their money in the bank, than to invest it in the South African Mining industry. That's as returns in the sector have proven to be too low. CEO of Seriti Resources - Mike Teke, joined Business Day TV…

4 Oct 2018 6AM 6 min

Annual Joburg Indaba draws to close

The annual two-day Joburg Indaba which has brought thought and industry leaders together to discuss ways of attracting investment into the sector draws to a close today and while the jury is still out on the new Mining Charter's ability to lure investments, we're still operating in a low growth…

4 Oct 2018 6AM 7 min

Ramaphosa's long-awaited jobs summit kicks off

South Africa has one of the highest unemployment rates in the world, sitting at 27.2% in the second quarter with youth unemployment at a record high of 52%. Now, President Ramaphosa's long-awaited Jobs Summit kicked off today bringing government, the private sector, unions and community organisations together to accelerate job…

4 Oct 2018 6AM 8 min

SA mining industry shows overall improvement in 2018 - PWC

PWC released the 10th edition of its South Africa Mine Report which shows that the industry has improved considerably from the previous year with capital expenditure recovering from decade lows to reflect a 19% increase while the market cap of the 31 companies surveyed improved by nearly 15% as bulk…

2 Oct 2018 5AM 7 min

Group Five plunges deeper into the red on Ghana delays

Engineering and construction company, Group Five has slipped further into the red, revenue is down 26% while the full-year loss sits at R1.3 billion driven by higher costs from delays at its Kpone power project in Ghana. The tough construction market has seen the group's order book shrink 23% to…

2 Oct 2018 5AM 8 min

SA factory activity at 14-month low in September

Absa's September PMI remains in contraction territory at 43.2 from 43.4, this as new sales orders along with the employment index edged even lower than the previous month dashing hopes of a strong economic recovery out of the thechincal recession in the third quarter. Miyelani Maluleke, Economist at Absa joined…

1 Oct 2018 6AM 7 min

The politics behind Ramaphosa's stimulus'

We are months away from a national election and according to a poll commissioned by the Institute of Race Relations, ANC support is at a record low with the organisation set to secure just over half of the vote in that election and this while the economy is in recession,…

25 Sep 2018 4PM 7 min

Ascendis posts healthier margins after acquisitions

Health and wellness group, Ascendis Health released its full-year results on Tuesday boasting a 35% increase in international revenue while the South African operations saw revenue growth of 10%, normalised operating profit has increased by 18% while normalised headline earnings is up 14% - the healthier set of numbers has…

25 Sep 2018 4PM 7 min

Identifying pure rand hedges identifying pure rand hedges

Rand hedge stocks have long been seen as the panacea for a weakening rand. But are investors actually buying into the thoroughbreds or their poorer cousins? David Nathanson, global equity specialist, at Bellwood Capital discusses how to identify pure rand hedges

21 Sep 2018 7AM 7 min

Government to reallocates R50bn of budget to revive economy

South Africa's government has announced plans to reignite growth. This includes re-prioritising around 50 billion rand within the existing budget. Lumkile Mondi, Senior Lecturer at the Wits provides his assessment of President Cyril Ramaphosa's plans to stimulate growth.

21 Sep 2018 7AM 7 min

SARB keeps repo rate unchanged at 6.5%

The SARB has hit pause on local interest rates - keeping it at 6.5%. This, as the economy slipped into a technical recession and as the bank expects inflation for the year to average at 4.8%. but with investor sentiment towards emerging markets posing significant risk to the local unit,…

20 Sep 2018 7AM 21 min

What is the risk of keeping the repo rates unchanged?

The South African Reserve Bank has kept rates on hold at 6.5%, it has warned of a myriad of risks. We unpacked the decision with our panel of experts, Annabel Bishop, Chief Economist at Investec, Kevin Lings, Chief Economist at Stanlib and Kwaku Koranteng, Head of Institutional at Absa multi-management…

20 Sep 2018 7AM 12 min

Pan African Resources swings to FY loss

Pan African Resources has withheld its annual dividend. This as it reported a loss of around 1.5 billion rand, due to lower gold production, higher costs and an impairment of 1.78 billion rand - associated with the closure of Evander mines' underground operations. Cobus Loots, CEO of Pan African Resources…

19 Sep 2018 6AM 5 min

World Bank sees improvements in SA's ease in doing business

The World Bank released its 2018 report on Doing Business in South Africa, the report compares business regulations for domestic small to medium-sized firms in nine urban areas and four maritime ports with the aim of revealing whether the regulations enhance business activity or constrains it. The report highlights that…

19 Sep 2018 6AM 6 min

Banks conclude State Capture inquiry over Gupta accounts

Standard Bank, Absa, FNB and Nedbank have concluded their testimonies at the State Capture Inquiry regarding the closure of Gupta-linked bank accounts in 2016. A common thread which emerged from their evidence is that certain members within the ruling party unceremoniously summoned the banks to meetings at ANC headquarters to…

19 Sep 2018 6AM 8 min

CEOs vow to avoid retrenchments as far as possible

The CEO initiative has committed itself to avoid job cuts as far as possible, Nicky Newton-King is part of the initiative as CEO of the JSE, she joined Business Day TV on the line to discuss their position and what it means for business during this recessionary period.

18 Sep 2018 6AM 6 min

Non-airline business boosts Comair's FY earnings

Aviation group, Comair released a record set of full-year numbers the company's CEO, Erik Venter joined us to discuss the finer details behind the rumbers.

18 Sep 2018 6AM 7 min

EM instability & US strength in focus

The US stock market's recorded its longest bull run since World War 2 this August, We were joined by Vikram Mansharamani from Kelan Advisors with his perspective

17 Sep 2018 8AM 6 min