Business News Leaders

Ramaphosa's R1.2trn investment drive slowly being realised

When President Ramaphosa announced that he is seeking R1.2 trillion worth of investment into the country over the next five years, it seemed like a big stretch but we're a third of the way in realising that goal with investments having come in from the UK, the UAE, Saudi Arabia…

25 Jul 2018 12PM 15 min

10th Annual BRICS Summit kicks off tomorrow

The 10th annual BRICS Summit kicks off tomorrow with the focus being on how emerging markets can further advance their economies, build diplomatic relations and improve socio-economic development in Brazil, Russia, India, China and South Africa, the threat of a worsening global trade war is set to dominate talks at…

24 Jul 2018 12PM 7 min

Kumba reports sharp drop in H1 earnings

The World's Fourth largest iron-ore producer, Kumba Iron Ore, released its interim results today - reporting total revenue down 9% and headline earnings dropping nearly 35% to around R3 billion as a result of disrupted logistics, weak prices and a stronger rand. but despite this, a new dividend policy sees…

24 Jul 2018 12PM 7 min

Eskom posts FY loss of R2.3bn, irregular expenditure at R19bn

Power utility Eskom released its full-year results today reporting a net-loss of R2.3 billion from a profit of R0.9 billion previously driven by a decline in sales of 0.9%. Irregular expenditure in the meantime has ballooned to over R19 billion from R3 billion dating back to 2012. Company's Chair, Jabu…

23 Jul 2018 12PM 8 min

Amplats H1 profit surges by 350%

World's largest platinum miner, Amplats released its interim results today, profit has surged by 350% driven by the company's restructuring and mechanised mining efforts. The company has declared an interim dividend of R3.74 per share, the second payout in 7 years since February this year. Amplats also announced that it…

23 Jul 2018 12PM 7 min

Do we have to start talking to our family members again?

No more world cup, no more tennis - do we have to start talking to our family members again? Join Simon Brown, his co-host Giulietta Talevi and in the naughty chair is Sasfin securities' David Shapiro

20 Jul 2018 12PM 24 min

What is the future of FDI in South Africa?

South Africa recently scored some fixed investment money from the Saudi's and UAE. And they make good headway into the President's aim of $100 billion into the country over the next five years. But how easy will it be to get more money in when the two key attraction points…

20 Jul 2018 12PM 6 min

SARB keeps repo rate unchanged at 6.5%

Jameel Ahmad from FXTM, joined Business Day TV on the line with an international perspective on the SARB’s announcement to keep the repo rate unchanged.

19 Jul 2018 6AM 6 min

Christo Wiese disputes tax evasion claims

The amaBhungane centre for investigative journalism has reported that former Steinhoff Chair, Christo Wiese is involved in a multibillion rand tax avoidance scheme, he joined Business Day TV on the line with his side of the story.

19 Jul 2018 6AM 7 min

SA's construction industry under pressure

South Africa's construction industry is under pressure and David Metelerkamp, Senior Economist at Industry Insight joined Business Day TV to take a look at the state of the construction sector and give us his outlook.

18 Jul 2018 7AM 6 min

SA retail sales improve in May

South African retail sales showed growth in May. With sales up by almost 2%. This is the first uptick since the new taxes came into effect in April.Still analysts say that the improved results are unlikely to save SA from a recession in the second quarter. Business Day TV were…

18 Jul 2018 7AM 6 min

Exclusion of online retail sales may skew data

Online retail is one of the fastest growing businesses in South Africa, Kevin Tucker, CEO of PriceCheck joined Business Day TV on the line to discuss the trends in this space.

18 Jul 2018 7AM 8 min

Amplats spearheads search for new uses of PGMs

Anglo American Platinum is investing 100 million dollars in two offshore venture capital funds to find new technologies to unlock new uses of platinum group metals. As a partner, the Public Investment Corporation is matching the 100 million dollar investment and says that in investing in this fund can ensure…

17 Jul 2018 12PM 7 min

Will a wage hike derail Eskom’s recovery?

Power utility, Eskom and unions have been at the wage negotiation table since 10 May. Today Eskom presented unions with two options, the first option involves a 7.5% wage increase for the first year, 6.5% for the second year and 6.25% in the third year. Option two involves, 7% for…

17 Jul 2018 12PM 8 min

Telecom boost fibre network from Cape to Cairo

The telecommunications space is looking up, Liquid Telecom has signed an agreement with Telecom Egypt which will enable it to build a terrestrial fibre network from Cape Town to Cairo. Meanwhile, investment bank, JP Morgan says that the second half of this year will be a "defining period for regulatory…

16 Jul 2018 12PM 6 min

DTI prepared to fight US tariffs on automotive products

South Africa has raised concerns with the US over possible duties on vehicle and vehicle component imports following President Trump's decision to impose import duties on steel and aluminium. The DTI has pointed out that the imposition of these tariffs will erode benefits that South Africa is supposed to be…

16 Jul 2018 12PM 9 min

Another weekly whingeathon and joining them is Sasfin Securities' David Shapiro

Giulietta Talevi and her co-host Simon Brown are back for another weekly whingeathon and joining them is Sasfin Securities' David Shapiro

13 Jul 2018 12PM 23 min

Will last week’s economic data affect the future of our economy?

Manufacturing production rose by over 2% in May, while mining production dropped by over 2%. Added to this, consumer confidence topped from its record high. So what does all of this mean for the future of our economy? Annabel Bishop, chief economist at Investec joined Business Day TV for more…

13 Jul 2018 12PM 7 min

Mining sector takes another knock in may

The South African mining sector has taken another knock in May. With production falling 2.6% from last year. Now while the decline has slowed a little more than expected, analysts say that the sector remains on a downward spiral. Peter Major of Cadiz Corporate Solutions joined Business Day TV on…

12 Jul 2018 12PM 6 min

SA tourism sector losing its lustre?

South Africa's tourism sector seems to be losing its lustre. Last year, the sector contributed 2.9% to GDP, a larger contribution than that of agriculture but smaller than that of other industries such as construction and mining. The World Travel and Tourism Council forecasts that the sector's contribution to GDP…

12 Jul 2018 12PM 6 min