Business News Leaders

Oil and gas sector a bright light amid economic gloom

Mineral Resources and Energy Minister Gwede Mantashe has welcomed the arrival of Total’s oil and gas rig in Cape Town, the DeepSea Stavanger. Saying in a statement that it has reaffirmed South Africa as an investment destination of choice for the exploration of oil and gas, despite the negative impact…

13 Aug 2020 2AM 25 min

Weaker rand, strong export volumes boost Exxaro

Lockdown regulations have weighed on many companies' balance sheets but being classified as an essential service during this time has helped Exxaro. The diversified miner managed to leverage off record coal exports and a weaker rand during the period to report a revenue increase of 18%. Business Day TV spoketo…

13 Aug 2020 2AM 8 min

Does e-commerce bode well for the industrial property sector?

Coronavirus related lockdowns have encouraged consumers to turn to e-commerce and this is changing the property landscape as retail property falls out of favour and industrial property benefits from the shift. Business Day TV caught up with Nedbank CIB's Ridwaan Loonat for a closer look.

12 Aug 2020 2AM 4 min

How should SA be preparing for the 'new normal' post Covid-19?

When the public health crisis eventually subsides, the old structural socio-economic problems will of course still be there, but they will be felt more acutely in the aftermath of the coronavirus hurricane. What should South Africa be doing to prepare for the 'new normal' after Covid-19? That is the overarching…

12 Aug 2020 2AM 27 min

Why the Eskom split needs to be sped up

Eskom CEO Andre de Ruyter is hoping to revise his initial timetable for the unbundling of the state utility and accelerate the process of splitting the company into three parts. Business Day TV spoke to de Ruyter for more detail on why the change in plans is necessary.

12 Aug 2020 2AM 8 min

Downturn in retail sales slows in June

South Africa's retail sales downturn has eased, amidst the relaxing of lockdown restrictions. The 7.5% sales decline recorded in June, shows a marked improvement from the record lows seen earlier this year. Business Day TV spoke to Kevin Lings, Chief Economist at Stanlib about the print, and whether it could…

12 Aug 2020 2AM 5 min

Does govt have a handle on corruption?

Over the past few days the term ‘covidpreneur’ has been coined as allegations of looting surface against senior ANC officials with regards to personal protective equipment. In a bid to get some sort of a handle on corruption, the public will soon be able to send NPA boss, Shamila Batohi…

11 Aug 2020 2AM 6 min

Wheels turn at RAF as Collins Letsoalo appointed CEO

Former acting CEO of Prasa Collins Letsoalo is at the heart of another controversial appointment within the Transport Ministry. This time around, cabinet has approved his appointment as CEO of the Road Accident Fund. Business Day TV spoke to him about his appointment and his plans to turn around the…

11 Aug 2020 2AM 9 min

Have foreign investors lost interest in SA bonds?

Non-resident bond holdings fell 0.5% in July as foreign investors continued to desert the local bond market. Business Day TV touched base with Tebogo Mekgwa from RMB for a closer look.

11 Aug 2020 2AM 3 min

Has SA's lockdown departed too far from reality

Some of the regulations instituted under the national state of disaster have tested the limits of what can be deemed rational. Few issues have stirred as much heated and emotive debate than the banning of the sale of alcohol and tobacco products. Michael Avery talks to Nick Hudson, CEO of…

7 Aug 2020 2AM 1 min

What steps are needed to save SA’s economy?

South Africa is set for its largest contraction in nearly 90 years, which has seen government, economists and business leaders debating various approaches to get the economy back on track. Business Day TV spoke to Wits University Economist Lumkile Mondi about the concrete steps needed to ensure an economic recovery.

7 Aug 2020 2AM 6 min

MTN to focus on pan-African strategy as it exits the Middle East

MTN plans to exit the Middle East in the next three to five years as the group looks to sharpen its focus on its pan-African strategy. The news comes alongside the release of the company’s interim results which reveal a surge in earnings. Business Day TV spoke to Rob Shuter,…

6 Aug 2020 2AM 8 min

How telecom firms have weathered the Covid-19 storm

Telecommunication firms have benefitted from Covid-19 lockdowns as more people made us of digital channels to stay connected. Business Day TV caught up with Nedbank CIB's Preshendran Odayar for more insight.

6 Aug 2020 2AM 4 min

What is the true state of the automotive industry

The Automotive Value Chain was already under pressure before the COVID-19 pandemic and in a study by Deloitte (Economic Impact of Covid 19 on the auto value chain - June 2020), 66% of all respondents already recorded a decline in earnings prior to the pandemic. Most dealers and dealer groups…

6 Aug 2020 2AM 26 min

Alcohol industry cans investments over booze ban

The alcohol industry has decided that it won’t fight the booze ban in court just yet but the decision by some players to boycott investments due to the prohibition speaks volumes. Business Day TV spoke to Andrew Murray, Vice President for Finance at SAB for more on their decision to…

6 Aug 2020 2AM 7 min

What weighed on Mpact's balance sheet during the first-half​

Mpact has reported an 84.2% plunge in half-year underlying earnings per share amid electricity disruptions and Covid-19 restrictions, but the group is optimistic that demand for some of its products will pick up in the coming months. Business Day TV unpacked the numbers in detail with the group's CEO Bruce…

5 Aug 2020 2AM 7 min

How Liberty plans to deal with Covid-19

Liberty Holdings has swung into an interim loss. That’s as the financial services group created a R3bn pandemic reserve to help it deal with the fallout from Covid-19. Business Day TV spoke to David Munro, CEO of Liberty for his perspective on the numbers and what it means for the…

5 Aug 2020 2AM 7 min

How the JSE managed double-digit growth in an unprecedented climate

Despite the unprecedented climate, the JSE has managed double digit growth during its interim period. Revenue grew 22% while headline earnings per share ticked up up by a similar margin. The group’s expenses however increased by 20%. Business Day TV spoke to Leila Fourie, CEO of the JSE for her…

5 Aug 2020 2AM 7 min

Health and fitness sector loses vitality

August marks five months without gyms; and that means five months without work for the fitness industry. For some, it means five months without the mental sanity that gyms offer – whether you work in the industry, or a fitness fan. Michael Avery speaks to Gisele Wertheim Aymes - Founder…

5 Aug 2020 2AM 26 min

Has Covid-19 stubbed out Labat Africa's growth plans?

Investment company Labat Africa has set its sights on the business of marijuana and is looking to raise capital to support its venture into the medical cannabis market. Business Day TV touched base with the group's CEO Brian Van Rooyan to find out where the plans stand given the uncertainties…

4 Aug 2020 2AM 5 min