Business News Leaders

Is Nedbank complicit in state capture?

Investigative journalism center amaBhungane, alleges that Nedbank is complicit in state capture and that the lender benefitted from scaly deals with Transnet. Business Day TV spoke to Sam Sole, Co-Founder of amaBhungane for more detail on those findings.

9 Feb 2021 1AM 7 min

Can Orion Minerals revive the copper belt?

Orion Minerals is looking to acquire Okiep Copper Complex for over R85 million. The acquisition could pave the way for the revival of the country's copper belt, as Okiep has an abundance of unmined copper and zinc. Business Day TV spoke to Errol Smart, CEO of Orion Minerals for more…

8 Feb 2021 1AM 8 min

Markets eye Sona and Budget 2021

February is set to be a roller-coaster ride for local investors with many risk events set to take place, like the President’s State of the Nation address as well as the all-important budget statement. Business Day TV caught up with RMB’s John Cairns and discussed the kind of impact these…

8 Feb 2021 1AM 4 min

Why SA stops AstraZeneca vaccine rollout

South Africa's vaccine rollout will not happen as planned after data revealed that the 1 million doses of AstraZeneca vaccine received last week has been found to be less effective against the new COVID-19 variant in the country. Business Day TV spoke to Alex van den Heever, Health & Social…

8 Feb 2021 1AM 8 min

"All our spike proteins in one basket"

Exactly one weeks since the 1 million doses of the Oxford AstraZeneca vaccine landed from the serum institute landed in the country, we are haunted by the phrase: "All our spike proteins in one basket". In a worrying development, South Africa’s vaccine rollout was dealt a blow over the weekend…

8 Feb 2021 1AM 23 min

Bond market signals bottoming out

South Africa continues to get hammered by the global press around the now entrenched SA variant of Covid, which is actually the 501Y.V2 variant, but the die is now cast, and we can be sure that cricket tours and travel will continue to be cancelled until we have rolled out…

5 Feb 2021 1AM 26 min

Why has the demand for Covid-19 loans fallen?

Demand for the Covid-19 loan guarantee scheme is waning, with the Banking Association of South Africa saying that only R17.8bn in loans had been approved by banks and taken up by small businesses and this is less than a tenth of the credit it’s offering. Business Day TV caught up…

5 Feb 2021 1AM 6 min

Is the EM rally fizzling before it got out of the blocks?

Morgan Stanley uses copper to argue that MSCI EM has achieved all its gains for the year. It points out the strong correlation between EM and the copper price. In recent weeks, some commentators have been suggesting the copper, wheat, iron, corn price surge of 2020 was related to Yuan…

4 Feb 2021 1AM 24 min

Are we in for a new investment era?

Recent market moves have had traditional investors scratching their heads as Bitcoin surges, Tesla’s valuation skyrockets and retail investors drive asset prices. So does this indicate a new investment era with new rules? Business Day TV spoke to Futuregrowth’s CIO Andrew Canter to find out.

4 Feb 2021 1AM 8 min

How the Reddit investor trend lost steam

The Reddit short-squeeze saga may have gotten market participants in a frenzy but it seems like its losing some of its steam as the US Treasury is mulling tougher trade regulations. Business Day TV discussed this in detail with Craig Erlam from Oanda

3 Feb 2021 1AM 4 min

Ministers can’t deal with corruption, says Themba Godi

Former Scopa Chair Themba Godi testified at the Zondo Commission, and he has criticized how ministers and their counterparts handle corruption. Business Day TV spoke to Themba Godi for more insight.

3 Feb 2021 1AM 3 min

Will gold continue to glisten?

Gold’s safe haven status has lifted the price of the yellow metal during the uncertain times caused by the Covid-19 pandemic but what does the future hold for the commodity? Business Day TV spoke to John Reade, Chief Market Strategist at The World Gold Council to find out.

3 Feb 2021 1AM 5 min

Greyhound bus lines to close down

The owner of Greyhound buses, KAP Industrial, is shutting down those transport operations. The move comes amidst a decline in demand for long distance road travel due to Covid-19. Business Day TV spoke to KAP CEO Gary Chaplin for more.

3 Feb 2021 1AM 2 min

Employment Equity Targets — A bridge too far?

Parliament’s Portfolio Committee on Employment and Labour has called for public comment on the Employment Equity Amendment Bill. The bill promises a shake-up of the country’s existing employment equity laws and will give the minister of Employment and Labour the power to speed up transformation in specific business sectors. It…

3 Feb 2021 1AM 26 min

Top 500 Bank Brands Impaired by Covid

Capitec was named the third strongest banking brand in the world according to the Brand Finance Global Brands 500 report released today. As governments scramble to stimulate economic growth in the face of the ongoing global health crisis, and profits and interest rates take a hit, nearly two thirds of…

2 Feb 2021 1AM 24 min

What investment themes will dominate in 2021?

2021 is shaping up to be an interesting year for markets, with several new investment themes and trends emerging as the world adjusts to the new normal. Business Day TV discussed some of these themes in detail with Lebo Thubisi from Alexander Forbes Investments.

2 Feb 2021 1AM 3 min

Ford announces R15.8bn investment in SA unit

Ford has announced that it will invest nearly R16 billion in its South African subsidiary​. The investment, which is the largest on record for the country's motor sector, is expected to create more than 11,000 jobs. Business Day TV spoke to Andrea` Cavallaro, Director of Operations at Ford International Markets…

2 Feb 2021 1AM 7 min

DMRE says government-private sector collaboration is key in mining

The annual Investing in African Mining Indaba has kicked off, with government highlighting the importance of public-private sector collaboration in the industry. Business Day TV spoke to Thabo Mokoena, DG of the Department of Mineral Resources and Energy for more.

2 Feb 2021 1AM 8 min

VAT Refunds — Battle Won, War Continues

Send in a VAT return just one day late and you are immediately penalised 10%, but SARS has been withholding VAT returns owed to taxpayers for in some cases years now. The practice is particularly pernicious in the prevailing business environment where many companies have seen cashflow dry up due…

1 Feb 2021 1AM 27 min

Absa PMI edges up slightly in January

Absa's Purchasing Manager's Index (PMI) ticked up to 50.9 index points in January from 50.3 in December. But while the print is still above the 50-point mark that separates expansion from contraction, there are concerns that the data to a slow economic recovery. Business Day TV spoke to Miyelani Maluleke,…

1 Feb 2021 1AM 6 min