Business News Leaders

Christo Wiese disputes tax evasion claims

The amaBhungane centre for investigative journalism has reported that former Steinhoff Chair, Christo Wiese is involved in a multibillion rand tax avoidance scheme, he joined Business Day TV on the line with his side of the story.

19 Jul 2018 6AM 7 min

SA's construction industry under pressure

South Africa's construction industry is under pressure and David Metelerkamp, Senior Economist at Industry Insight joined Business Day TV to take a look at the state of the construction sector and give us his outlook.

18 Jul 2018 7AM 6 min

SA retail sales improve in May

South African retail sales showed growth in May. With sales up by almost 2%. This is the first uptick since the new taxes came into effect in April.Still analysts say that the improved results are unlikely to save SA from a recession in the second quarter. Business Day TV were…

18 Jul 2018 7AM 6 min

Exclusion of online retail sales may skew data

Online retail is one of the fastest growing businesses in South Africa, Kevin Tucker, CEO of PriceCheck joined Business Day TV on the line to discuss the trends in this space.

18 Jul 2018 7AM 8 min

Amplats spearheads search for new uses of PGMs

Anglo American Platinum is investing 100 million dollars in two offshore venture capital funds to find new technologies to unlock new uses of platinum group metals. As a partner, the Public Investment Corporation is matching the 100 million dollar investment and says that in investing in this fund can ensure…

17 Jul 2018 12PM 7 min

Will a wage hike derail Eskom’s recovery?

Power utility, Eskom and unions have been at the wage negotiation table since 10 May. Today Eskom presented unions with two options, the first option involves a 7.5% wage increase for the first year, 6.5% for the second year and 6.25% in the third year. Option two involves, 7% for…

17 Jul 2018 12PM 8 min

Telecom boost fibre network from Cape to Cairo

The telecommunications space is looking up, Liquid Telecom has signed an agreement with Telecom Egypt which will enable it to build a terrestrial fibre network from Cape Town to Cairo. Meanwhile, investment bank, JP Morgan says that the second half of this year will be a "defining period for regulatory…

16 Jul 2018 12PM 6 min

DTI prepared to fight US tariffs on automotive products

South Africa has raised concerns with the US over possible duties on vehicle and vehicle component imports following President Trump's decision to impose import duties on steel and aluminium. The DTI has pointed out that the imposition of these tariffs will erode benefits that South Africa is supposed to be…

16 Jul 2018 12PM 9 min

Another weekly whingeathon and joining them is Sasfin Securities' David Shapiro

Giulietta Talevi and her co-host Simon Brown are back for another weekly whingeathon and joining them is Sasfin Securities' David Shapiro

13 Jul 2018 12PM 23 min

Will last week’s economic data affect the future of our economy?

Manufacturing production rose by over 2% in May, while mining production dropped by over 2%. Added to this, consumer confidence topped from its record high. So what does all of this mean for the future of our economy? Annabel Bishop, chief economist at Investec joined Business Day TV for more…

13 Jul 2018 12PM 7 min

Mining sector takes another knock in may

The South African mining sector has taken another knock in May. With production falling 2.6% from last year. Now while the decline has slowed a little more than expected, analysts say that the sector remains on a downward spiral. Peter Major of Cadiz Corporate Solutions joined Business Day TV on…

12 Jul 2018 12PM 6 min

SA tourism sector losing its lustre?

South Africa's tourism sector seems to be losing its lustre. Last year, the sector contributed 2.9% to GDP, a larger contribution than that of agriculture but smaller than that of other industries such as construction and mining. The World Travel and Tourism Council forecasts that the sector's contribution to GDP…

12 Jul 2018 12PM 6 min

Viceroy reputation is built on plagiarism - Report

Viceroy Research shot to fame in South Africa when it produced a damning report on Steinhoff in December last year at a time when we were just acutely aware of brewing trouble at the firm. How they conduct their work however was called into question when they produced a report…

12 Jul 2018 12PM 8 min

Should you bet on stocks tied to millennials?

The millennial demographic is "kicking in," providing quite a tailwind to economic growth - with its spending power. And investors looking to cash in on their growing clout, need to start betting on the businesses that actually cater to them. So what are the companies expected to be boosted by…

11 Jul 2018 12PM 6 min

Absa launches new branding strategy

Following the split from Barclays PLC, Barclays Africa Group was given R12 billion to facilitate changes involving the unbundling process. The group has been rebranded and is trading under its new name, Absa Group with the share code ABG. The company's new look and feel brings with it a refined…

11 Jul 2018 12PM 8 min

Wage talks kick off in the gold sector

Gold wage negotiations kicked off today, unions Num, Solidarity, Uasa and Amcu will be representing workers with Num demanding R9500 for entry level surface workers and R10 500 for entry level underground workers and a R5000 housing allowance while Amcu sticks to its infamous R12 500. Meanwhile, the Minerals Council…

11 Jul 2018 12PM 7 min

Bonitas responds to NHI Bill & Health Market Inquiry

The Competition Commission's provisional Health Market Inquiry has pointed the finger at Medical Schemes and hospital groups for distorting competition and driving costs up and on the other hand, we have the NHI Bill which has been gazetted paving the way for an NHI fund, this piece of legislation along…

10 Jul 2018 12PM 7 min

SARB less confident of VBS Mutual bank's future

The South African Reserve Bank is less confident about saving VBS Mutual Bank which was placed under curatorship in March. The Sarb and Treasury has guaranteed more than R300 million in retail deposits at VBS, municipalities however will not get their money back. Kuben Naidoo, Deputy Governor of the Reserve…

10 Jul 2018 12PM 8 min

Brexit process under threat with resignations

British Prime Minister Theresa May is struggling to overcome Brexit divisions, Brexit Secretary, David Davis along with Boris Johnson and others have abruptly resigned putting extra pressure on May and the entire Brexit process. Where do these resignations leave the Brexit process? Senior Market Analyst at LCG, Jasper Lawler joined…

9 Jul 2018 12PM 5 min

Mckinsey apology to SA, a little too late?

Worldwide management consulting firm, Mckinsey has apologised for its role in state capture relating to work it did for Eskom in 2015 and 2016. The company says that it will return the R1 billion it was paid for the work and is open to discuss interest repayments. Bonang Mohale, CEO…

9 Jul 2018 12PM 8 min