Business News Leaders

Viceroy reputation is built on plagiarism - Report

Viceroy Research shot to fame in South Africa when it produced a damning report on Steinhoff in December last year at a time when we were just acutely aware of brewing trouble at the firm. How they conduct their work however was called into question when they produced a report…

12 Jul 2018 12PM 8 min

Should you bet on stocks tied to millennials?

The millennial demographic is "kicking in," providing quite a tailwind to economic growth - with its spending power. And investors looking to cash in on their growing clout, need to start betting on the businesses that actually cater to them. So what are the companies expected to be boosted by…

11 Jul 2018 12PM 6 min

Absa launches new branding strategy

Following the split from Barclays PLC, Barclays Africa Group was given R12 billion to facilitate changes involving the unbundling process. The group has been rebranded and is trading under its new name, Absa Group with the share code ABG. The company's new look and feel brings with it a refined…

11 Jul 2018 12PM 8 min

Wage talks kick off in the gold sector

Gold wage negotiations kicked off today, unions Num, Solidarity, Uasa and Amcu will be representing workers with Num demanding R9500 for entry level surface workers and R10 500 for entry level underground workers and a R5000 housing allowance while Amcu sticks to its infamous R12 500. Meanwhile, the Minerals Council…

11 Jul 2018 12PM 7 min

Bonitas responds to NHI Bill & Health Market Inquiry

The Competition Commission's provisional Health Market Inquiry has pointed the finger at Medical Schemes and hospital groups for distorting competition and driving costs up and on the other hand, we have the NHI Bill which has been gazetted paving the way for an NHI fund, this piece of legislation along…

10 Jul 2018 12PM 7 min

SARB less confident of VBS Mutual bank's future

The South African Reserve Bank is less confident about saving VBS Mutual Bank which was placed under curatorship in March. The Sarb and Treasury has guaranteed more than R300 million in retail deposits at VBS, municipalities however will not get their money back. Kuben Naidoo, Deputy Governor of the Reserve…

10 Jul 2018 12PM 8 min

Brexit process under threat with resignations

British Prime Minister Theresa May is struggling to overcome Brexit divisions, Brexit Secretary, David Davis along with Boris Johnson and others have abruptly resigned putting extra pressure on May and the entire Brexit process. Where do these resignations leave the Brexit process? Senior Market Analyst at LCG, Jasper Lawler joined…

9 Jul 2018 12PM 5 min

Mckinsey apology to SA, a little too late?

Worldwide management consulting firm, Mckinsey has apologised for its role in state capture relating to work it did for Eskom in 2015 and 2016. The company says that it will return the R1 billion it was paid for the work and is open to discuss interest repayments. Bonang Mohale, CEO…

9 Jul 2018 12PM 8 min

This is the week that was with Simon Brown and Giulietta Talevi

It's rough out there in the trenches, so be kind, to others and yourself, drink that nicely matured vintage if you want and keep your chin up. This is the week that was with Simon Brown and Giulietta Talevi

6 Jul 2018 12PM 24 min

Millennials prefer saving over investing – Old Mutual

A new survey by Old Mutual Unit Trusts found that millenials are saving more than their parents - but they're investing less. I was joined by the managing director, Elize Botha for more on that.

6 Jul 2018 12PM 6 min

Eskom ups wage hike offer to 6.7%

It's a blinking competition between Eskom and trade unions. Eskom has proferred a 6.7% rise in the latest round, but some of the unions are still touting strike action next week. Chris Yelland from EE Publishers joined us on the line.

6 Jul 2018 12PM 6 min

RBPlats buys Amplats' stake in Bafokeng Rasimone JV

Royal Bafokeng Platinum is set to purchase Amplats' subsidiary - Rustenburg Platinum Mines' - 33% stake in Bafokeng Rasimone mine - at a R1.86 billion price tag. But the deal will still allow Amplats access to the mines production, at a cost of course. So to go through the rationale…

5 Jul 2018 12PM 7 min

Mining communities reject mining Charter 2018

"Mining Affected Communities United in Action" represents around 200 communities in all nine provinces and the communities have outright rejected the revised mining charter - saying that consultation with them was a mere "rubber stamping". Further to that, MACUA is threatening court action - once again - if substantive issues…

5 Jul 2018 12PM 6 min

Health market inquiry provisional findings and recommendations

The Competition Commission has unveiled the long-awaited provisional findings of its Health Market Inquiry and has pointed the finger at Medical schemes and hospital groups distorting competition and driving costs up. Professor Sharon Fonn, Panel Member of the Health Market Inquiry joined Business Day TV to discuss some of the…

5 Jul 2018 12PM 8 min

Silvertree To Add New Companies To Its Portfolio

Silvertree Internet Holdings is the SA-based owner of online platforms like CarZar, Ucook, Faithful to Nature and PriceCheck - and its looking to add more companies to its portfolio ahead of its planned listing even if it is 5 years out. It's targeting annual revenue growth of more than R4.1bn…

4 Jul 2018 12PM 7 min

Eskom denies reports around its debt restructuring plans

Power utility, Eskom has secured 23% of its funding needs in the new financial year but that's only 22%, Minister of Public Enterprises, Pravin Gordhan and National Treasury recently basically went cap in hand to banks and asset managers for help to nurse SOEs back to health. Cash-strapped Eskom's debt…

4 Jul 2018 12PM 8 min

Sassa's payment glitches continue

Thousands of pensioners have been unable to withdraw their social grant money using the new Sassa cards and although Sassa hoped to resolve the glitches by Monday, the problem is expected to continue over the next few days. The South African Post Office which has taken over payments from Net1's…

4 Jul 2018 12PM 6 min

World Cup 2018, the betting odds

Some call the World Cup the biggest gambling event in history with billions exchanging hands in different currencies on the possible outcomes and with the only one spot left in the quarter finals up for grabs tonight, who are you betting on and what do the odds suggest? Paddy Power…

3 Jul 2018 12PM 6 min

Where is SA's economy headed in H2?

We have entered the second half of the year, in the first quarter our GDP contracted by 2.2% marking the biggest decline in 9-years, inflation is hovering close to the Sarb's target range with the climbing oil prices remaining a risk to the CPI outlook, the rand is flirting with…

3 Jul 2018 12PM 8 min

Absa PMI falls further below 50-point mark in June

So we've had PMI reading for June slump to its lowest level in three months - having dropped to 47.9 in June from 49.8 in May. The purchasing managers' index is compiled by the Stellenbosch-based Bureau for Economic Research and Absa Bank and Miyelani Maluleke, Economist at ABSA joined us…

2 Jul 2018 12PM 7 min