Business News Leaders

DP World makes R12.7 billion offer to acquire Imperial

Imperial Logistics has received a buyout offer from DP World worth R12.7 billion. Business Day TV's Alishia Seckam spoke to Imperial’s CEO Mohammed Akoojee for more detail.

8 Jul 2021 2AM 7 min

Is the president disconnected from mining reality?

Writing in his weekly letter the president pointed out that mining contributes over half of our goods exports, around 10% of GDP and 5% of employment. It is a pillar of our capital goods industry. It is not a coincidence that when global metals prices peak, our economy and job…

8 Jul 2021 2AM 23 min

SARB positive on banks

South Africa’s Reserve Bank is optimistic about the banking sector but some analysts are wary, and have said that earnings will only gradually start recovering over the next three years as the country continues to battle with the effects from the pandemic. Business Day TV's Alishia Seckam discussed this in…

8 Jul 2021 2AM 5 min

From Transitory to Tapering

As we head into the second half of the year, the delta Covid variant is causing consternation in markets with recent flair ups in Asia and here at home a stark reminder that we are not out of the pandemic woods just yet. Market participants are also keenly awaiting the…

7 Jul 2021 2AM 28 min

Are global markets recovering?

Global markets wrapped up the first half of the year at record highs - mainly being driven by the recovery in economic activity. Now with inflation concerns and the possibility of tighter monetary policy shaking things up a bit - can the momentum be sustained? Joining me now to share…

7 Jul 2021 2AM 3 min

Study finds booze bans linked to drop in unnatural deaths

South Africa’s Covid-19 alcohol sales restrictions have been associated with a significant drop in weekly deaths from non-natural causes. That’s according to a study compiled by the Medical Research Council and UCT. Business Day TV's Alishia Seckam unpacked the findings with Tom Moultrie, who is the paper’s lead author and…

7 Jul 2021 2AM 7 min

The Jacob Zuma arrest saga

The clock is ticking on the warrant of arrest for former president Jacob Zuma but police minister Bheki Cele has indicated that he will not arrest Zuma in light of recent developments. Business Day TV's Alishia Seckam spoke to Lawson Naidoo from the Council for the Advancement of the South…

7 Jul 2021 2AM 5 min

Transnet’s issues derail miners' export potential

Transnet’s ongoing rail and port issues are preventing South Africa’s miners from reaching their full export potential of bulk commodities, and depriving the country of vitally needed taxes. Business Day TV's Alishia Seckam spoke to Henk Langenhoven, Chief Economist at the Minerals Council SA for more insight.

7 Jul 2021 2AM 8 min

What impact has Covid had on the franchise sector's contribution to SA's GDP?

The sit-down restaurant industry is urging the government to reconsider its blanket ban on the industry outside of take-aways, which has its own business model challenges. The industry says the broad approach of the current adjusted Level 4 lockdown restrictions that lumps together sit-down restaurants, take-aways, bars, taverns and other…

6 Jul 2021 2AM 25 min

Cash sweetener for public servants to cost R18 billion

The government recently improved its public sector wage offer to include a 1.5% pay progression increase and a monthly cash gratuity. The cash gratuity has not been factored into budget projections and will cost the government about R18 billion. Business Day TV's Alishia Seckam spoke to Azar Jammine, Chief Economist…

6 Jul 2021 2AM 5 min

OPEC+ talks hit a wall

OPEC+ members have not found common ground over plans to raise supply to meet rising global demand. Business Day TV's Alishia Seckam spoke to Ettienne van Wyk, Head of commodities trading at RMB about what this means for the oil market.

6 Jul 2021 2AM 4 min

Shareholder activist flags overvalued goodwill at Huge Group

Shareholder activists are questioning Huge Group's goodwill valuation, saying it is likely inflated. The group's goodwill is priced at R608 million, which accounts for just over half of the company's total assets. Business Day TV spoke to Charl Kocks, CEO of Ratings Afrika for his view.

5 Jul 2021 2AM 5 min

Huge Group responds to goodwill overvaluetion concerns?

Huge Group’s goodwill valuation has come under scrutiny amid its pursuit of Adapt IT. Business Day TV spoke to James Herbst, CEO of Huge Group for his take on the valuation concerns.

5 Jul 2021 2AM 6 min

Is there tangible growth in the ecommerce sector

Despite the COVID-19 crisis wreaking havoc on the economy, ecommerce has thrived through the pandemic and set itself on an incredibly promising growth trajectory. Michael Avery talks to Arthur Goldstuck, CEO at World Wide Worx ; Dylan Piatti, MD at Advantage Group International -Africa; Jonathan Smit, MD and founder of…

5 Jul 2021 2AM 26 min

Why BNP Paribas sees a fiscal upside scenario for SA

While the future economic and fiscal impact of the COVID-19 pandemic remains highly uncertain, Jeff Schultz, senior economist at BNP Paribas South Africa, says there are a few bright spots in the economy and that a fiscal upside scenario is on the cards. Schultz joined Business Day TV to further…

2 Jul 2021 2AM 6 min

The week in perspective

In an extraordinary week for South Africa's institutions which saw the Reserve Bank celebrate its centenary as pillar of strength free from political interference, so too did the country's apex court reaffirm the country's commitment to the rule of law and the equality of all before it. That still hasn't…

2 Jul 2021 2AM 23 min

SA's manufacturing sector recovery loses steam

All five sub-components that make up the Absa Purchasing Managers Index (PMI) stayed above the 50-point neutral mark in June, but expected business conditions turned less positive during the period as new sales order and business activity pulled back. Business Day TV's Alishia Seckam unpacked the print with Absa senior…

1 Jul 2021 2AM 5 min

The future of water provision in SA

Business Day TV chats to Redeem Ngadze, Senior Client Coverage Banker from Nedbank CIB about the issue of water provision, infrastructure and the sustainable management of this scarce resource in SA

1 Jul 2021 2AM 7 min

Tax season kicks off

Tax revenue for the 2021/22 year is expected to come in at R1.35 trillion but with job losses, salary cuts and a pick up in immigration as the pandemic rips through the local economy, is this target achievable? To find out, Business Day TV's Alishia Seckam spoke to SARS Commissioner,…

1 Jul 2021 2AM 9 min

The politics of gun control in South Africa

The draft amendments to the Firearms Control Bill 2021, have stirred heated criticism from the gun lobby to the private security industry to ordinary citizens.The Bill should aim to reduce the need to own a gun for personal protection. The proposed amendments purport to tackle South Africa's violent crime epidemic,…

1 Jul 2021 2AM 25 min