Business News Leaders

Mantashe halts new petroleum licenses

Mineral Resources Minister, Gwede Mantashe has published a notice restricting applications for oil and gas exploration and development, this as his department makes changes to its licensing process - a move that is seen as pumping more uncertainty into the sector which is in need of much needed growth as…

2 Jul 2018 12PM 8 min

A weekly dose of bile is Sasfin Securities' David Shapiro

It's the end of the quarter, half-way through the year and you're probably still not earning any money for yourself but paying it over to the State. This is the week that was, join Giulietta Talevi, her co-host Simon Brown and joining them for their weekly dose of bile is…

29 Jun 2018 12PM 25 min

According to Lulaway 30% of youth abandon jobs within first 3-months

News Leaders According to Lulaway 30% of youth abandon jobs within first 3-months South Africa's quarter one employment numbers showed that the country added 56,000 jobs in the first quarter of this year, bringing the total number of people employed in the formal, non-agricultural sector to 9.8m. But as we…

29 Jun 2018 12PM 7 min

Gauteng transport department budget at R7.7BN

Today, Gauteng MEC for Roads and Transport, Ismail Vadi tabled his budget vote speech. The allocated budget for the department is R7.7 billion and will be spent on five key programmes. He says that every rand that will be spent from this budget should contribute to making life more liveable…

28 Jun 2018 12PM 7 min

Tekkie Town execs walkout on Star

Well, not only has Star's Speciality division, seen its CEO, COO and CIO walk out the door - they seem to be taking the keys with them. That's with STAR having been served notice of eviction at its national distribution centre. Still STAR is keeping mum, while the JSE says…

28 Jun 2018 12PM 7 min

Eskom tables final wage offer of 6.2%

Power Utility Eskom has tabled a final wage offer increase of 6.2% for this year, this after moving from a 0% wage increase stance to 4.7%, this was upped to 5% yesterday which unions labelled a joke. Unions are now tasked with taking the final offer to their members and…

28 Jun 2018 12PM 8 min

Sibanye-Stillwater deaths raise mine safety alarm

The death toll at Sibanye-Stillwater has risen to 21 for this year alone with parliament calling it a national disaster. The company will be having a mine safety summit on Friday to address ongoing safety concerns in the industry. James Wellsted, Spokesperson for Sibanye-Stillwater joined Business Day TV on the…

27 Jun 2018 12PM 6 min

Ansys to rebrand as Etion

Tough macro conditions have weighed on Ansys' annual performance, with customer spending cutbacks eating into its revenue and profits. The company - which recently rebranded to Etion - reported a near 29% decline in revenue while headline earnings per share halved. Its Group CEO Teddy Daka joined Business Day TV…

27 Jun 2018 12PM 6 min

EOH announces major management shakeup

Over the past year, technology services group, EOH's share price has declined about 74%. The company is trying to address concerns and has announced more management changes, again reconfiguring its board and putting a timeline to the business split it announced in March along with appointing CEOs to the future…

27 Jun 2018 12PM 7 min

LISTEN: South African Listed Tracker Funds Awards (SALTA) ceremony

The South African Listed Tracker Awards (SALTA) is a new initiative by three service providers to the South African Exchange Traded Funds (ETF) industry, to assess and reward ETF providers for their products in the local market. The awards recognise the leaders in the burgeoning ETF industry for: * The…

25 Jun 2018 7AM 28 min

OPEC heads for Vienna talks on oil output hike

The Organization of the Petroleum Exporting Countries (OPEC) is set to hold its biannual meeting in Vienna on Friday. And it's widely expected that an agreement to pump more oil is on the cards - seeing Oil prices come under relentless pressure. Bjarne Schieldrop, Chief Commodities Analyst at SEB joined…

21 Jun 2018 12PM 3 min

SA in 2030: Three possible scenarios

With South Africa's changing political, economic and social landscape, where will the country be in 2030? Multi-stakeholder and research-driven Indlulamithi has launched three possible scenarios namely, an enclave bourgeois nation, a nation in step with itself and a floundering false dawn. Andile Sangqu, Executive Head of Anglo American and Lumkile…

21 Jun 2018 12PM 7 min

NHI bill gazetted, makes way for NHI fund

Government has been mulling National Health Insurance for years and today, the National Health Insurance Bill was finally gazetted - paving the way for the Health Department to set up an NHI fund. Now, the public will have three months to comment on the Bill along with the changes being…

21 Jun 2018 12PM 9 min

Power struggle at Eskom as unions reject wage offer

Power utility Eskom has moved from its 0% wage increase stance and has tabled a new offer of a 4.7% increase. This against union demands of an increase of up to 15% along with housing allowance increases and payment of performance bonuses. Unions however have rejected the offer. Khulu Phasiwe,…

20 Jun 2018 12PM 7 min

May inflation surprises to the downside

Consumer Price Inflation slowed to 4.4% in May, just below economist's expectations of a rise to 4.6%. This as food prices rose at its slowest pace since 2013 but weighing on the index is fuel inflation, it rose by 3.6% month-on-month in May with the annual rate rising to 9.4%…

20 Jun 2018 12PM 7 min

Manufacturing Indaba 2018 kicks off

Manufacturing may have weighed heavily on first quarter GDP - which contracted by 2.2%, but it continues being punted as a potential growth engine for the country. And with the Manufacturing Indaba 2018 having kicked off today, what's being thrashed out are ideas on what it will take to revitalise…

19 Jun 2018 12PM 9 min

Mining Charter 2018 has been published

The long-awaited draft of Mining Charter 2018 has been published and is open for public comment over the next 30-days. In the meantime, the Minerals Council said it has noted material improvements on the 2017 Mining Charter but does not support some elements of the draft as it will not…

18 Jun 2018 12PM 7 min

Grindrod Shipping makes its Nasdaq debut

Grindrod Shipping made its Nasdaq debut today. Grindrod had signaled its intention to unbundle the unit earlier this year, and had said that the move would allow shareholders to clearly understand the difference between its various divisions and assist in valuing them separately. Grindrod Shipping's CEO, Martyn Wade joined Business…

18 Jun 2018 12PM 5 min

PPC profits were boosted by its African Operations

Cement maker, PPC released its full-year results today, revenue is up 7%, headline earnings per share has more than doubled to 15 cents. PPC's Southern African division suffered declines in sales as well as net profit while its rest of Africa division grew sales by 30% with the company expecting…

18 Jun 2018 12PM 7 min

Weekly gnashing of teeth is Sasfin Securities' David Shapiro

We are reaping the whirlwind but at least we can still make fire and our evolution in the alcohol making department has come a long way. So, light those candles, throw back the moonshine, play football world cup finger puppet games if you need to and let the weekend begin!…

15 Jun 2018 12PM 24 min