Business News Leaders

Eskom plans to avoid load-shedding throughout winter.

Eskom has reported back on the work of its technical review team, Business Day TV caught up with the Group CEO of the organisation, Phakamani Hadede and asked whether all the skeletons are now out the closet because it seems as if the new team may have underestimated the extent…

3 Apr 2019 2AM 9 min

Why did Edward Kieswetter decide to return to SARS

The Nugent Commission into SARS painted a picture of a deeply captured organisation, adding to the pressure, the revenue collection target has been missed for a fifth consecutive year and this is the state of the institution that SARS Commissioner-Designate, Edward Kieswetter has returned to. Yes, he isn't entirely new…

2 Apr 2019 2AM 16 min

Factory activity continued its downward spiral in March

The National Association of Automobile Manufacturers released the vehicle sales numbers for March and Toyota remains the leading car seller and exporter in the country. The Absa PMI figure on the other hand does not paint a rosy picture for manufacturers, that with the overall index declining for a second…

1 Apr 2019 3AM 7 min

New digital banking disrupts SA banking industry

Banking in South Africa is going to drastically change With the new digital banking operations set to start this year. This will be pushing the big banks into new ways of doing old things in the retail space. Well-known banking expert Kokkie Kooyman who is the Director of Denker Capital…

29 Mar 2019 3AM 8 min

SARB cuts 2019 GDP growth to 1,3%

The SARBs MPC came out with its decision on interest rates on Thursday and as expected, the rates were placed on hold at 6.75%. Business Day TV’s Alishia Seckam caught up with Chief Economist at Stanlib Kevin Lings and Chief Economist at Econometrix Azar Jammine, for some post announcement analysis

28 Mar 2019 5AM 8 min

Capitec has added 1,5M new customers in the past year

Capitec released its annual results on Thursday and the company reported a 19% increase in headline earnings per share. That's as the bank managed to grow its customer base by 1.5 million during the period. Capitec’s CEO Gerrie Fourie spoke to Business Day TV’s Siki Mgabadeli on how the company…

28 Mar 2019 5AM 7 min

Global slowdown, Eskom and weak business morale weighs on GDP

The SARB (South African Reserve Bank) had its second monetary policy meeting for the year today and as expected, it has decided to hold the repo rate at 6.75%. But global slowdown concerns, trouble at Eskom and arising weakness in business confidence continue to linger and this has seen the…

28 Mar 2019 5AM 5 min

How to choose the right small cap investment

The current state of the South African economy is negative for mid to small cap stocks. But there are local businesses that have shown resilience in difficult periods in the past. So, are there quality companies in this segment of the market that are being overlooked? Independent Analyst from Small…

27 Mar 2019 3AM 5 min

SANRAL suspends pursuing e-toll debt, for now

The South African National Roads agency has suspended the process of pursuing e-toll debt. Motorists who have racked up bills by failing to pay e-tolls in Gauteng are off the hook for past debt. The South African National Roads Agency has decided to no longer pursue the collection of accounts…

27 Mar 2019 3AM 8 min

Mantashe's 2018 Mining Charter will be challenged in court

The Minerals Council South Africa has filed an application for judicial review challenging parts of the recently gazetted Mining Charter, the organisation adds that the decision to approach the courts was very reluctantly taken. It has highlighted that clauses particularly around black ownership do not sufficiently recognize past deals. Senior…

27 Mar 2019 3AM 7 min

Why is global growth concerns affecting the oil market

Oil prices traded lower for most of today and while managing to reverse those by the close - concerns of an economic slowdown still seem to be outweighing supply disruptions from OPEC's production cutbacks and from U.S. sanctions on Iran and Venezuela. Chief commodities analyst at SEB, Bjarne Schieldrop talks…

26 Mar 2019 6AM 6 min

How did the trade sector add 49K jobs

Employment in the country's non-farm formal sector grew by 87 000 in the fourth quarter with most of the increases registered in business services and trade while the largest decreases were experienced in the construction and mining sectors. Labour Consultant Tony Healy joins Business Day TV to discuss what the…

26 Mar 2019 3AM 7 min

Will Master Drilling pilot the mobile tunnel-boring machine in SA

Drilling services company, Master Drilling released its annual numbers on Tuesday reporting a 14% rise in revenue, despite this, headline earnings fell nearly 8% while profit remained flat as the company battled a tougher than expected macroeconomic operating environment. Master Drilling CE Danie Pretorius spoke to Business Day TV about…

26 Mar 2019 3AM 7 min

Ecsponent to take full control of MyBucks

JSE-listed financial services group Ecsponent Limited, has concluded an agreement with the Frankfurt-listed fintech company MyBucks, which will enable Ecsponent to take full control of MyBucks. This comes as the company delivered its half year numbers on Tuesday, reporting a close to 82% decline in headline earnings per share. Ecsponent…

26 Mar 2019 3AM 7 min

How will Newco affect Naspers listing abroad

Multinational internet and media group, Naspers plans to form a new global consumer internet group - NewCo - comprising of all its internet businesses outside of the local market - NewCo's primary listing will be in Amsterdam with a secondary inward listing on the JSE. Naspers however retains its primary…

25 Mar 2019 6AM 6 min

Trump blames FED for limiting growth in 2018

The FED kept interest rates unchanged this week and intimated ​that there will be no hikes for the rest of the year. What does this tell us about the state of the US economy, emerging markets, currency and investment strategies? Head of Research at London Capital Group Jasper Lawler speaks…

22 Mar 2019 6AM 7 min

Record 48 parties to contest SA’s national election - IEC

Political parties contesting the May 8th election signed the IEC's code of conduct today and a record 48 parties have made it onto the ballot paper. What is the significance of the proliferation of the smaller parties as we head into a crucial election? Political Analyst Daniel Silke joins Business…

20 Mar 2019 3AM 7 min

Why the inflation rate increased for the first time in three months

February inflation inched up to 4.1% year-on-year from 4% in January, the first rise in three months sparked by food and transport price increases. January retail sales in the meantime recorded positive growth of 1,2% in January after a shock decline in December. Dennis Dykes the Chief Economist at Nedbank…

20 Mar 2019 3AM 8 min

Gordhan to come up with a revival plan for Medupi and Kusile

Public Enterprises Minister Pravin Gordhan, along with Eskom Executives briefed the media on Tuesday on the current electricity supply challenges and while many of the issues can be attributed to State Capture, not having maintained aging power plants may have been the starting point. Energy Analyst Ted Blom shares his…

19 Mar 2019 3AM 6 min

Sasfin’s headline earnings soar to R80.5M

Financial services group, Sasfin released its interim results on Tuesday boasting a near 60% rise in earnings due to an improved credit loss ratio and a lower tax bill. Costs are however growing faster than income with the group's cost-to-income ratio deteriorating to 74% fromjust over 70%. Sasfin CEO Michael…

19 Mar 2019 3AM 7 min