Business News Leaders

This is the week that was with Simon Brown and Giulietta Talevi

It's rough out there in the trenches, so be kind, to others and yourself, drink that nicely matured vintage if you want and keep your chin up. This is the week that was with Simon Brown and Giulietta Talevi

6 Jul 2018 12PM 24 min

Millennials prefer saving over investing – Old Mutual

A new survey by Old Mutual Unit Trusts found that millenials are saving more than their parents - but they're investing less. I was joined by the managing director, Elize Botha for more on that.

6 Jul 2018 12PM 6 min

Eskom ups wage hike offer to 6.7%

It's a blinking competition between Eskom and trade unions. Eskom has proferred a 6.7% rise in the latest round, but some of the unions are still touting strike action next week. Chris Yelland from EE Publishers joined us on the line.

6 Jul 2018 12PM 6 min

RBPlats buys Amplats' stake in Bafokeng Rasimone JV

Royal Bafokeng Platinum is set to purchase Amplats' subsidiary - Rustenburg Platinum Mines' - 33% stake in Bafokeng Rasimone mine - at a R1.86 billion price tag. But the deal will still allow Amplats access to the mines production, at a cost of course. So to go through the rationale…

5 Jul 2018 12PM 7 min

Mining communities reject mining Charter 2018

"Mining Affected Communities United in Action" represents around 200 communities in all nine provinces and the communities have outright rejected the revised mining charter - saying that consultation with them was a mere "rubber stamping". Further to that, MACUA is threatening court action - once again - if substantive issues…

5 Jul 2018 12PM 6 min

Health market inquiry provisional findings and recommendations

The Competition Commission has unveiled the long-awaited provisional findings of its Health Market Inquiry and has pointed the finger at Medical schemes and hospital groups distorting competition and driving costs up. Professor Sharon Fonn, Panel Member of the Health Market Inquiry joined Business Day TV to discuss some of the…

5 Jul 2018 12PM 8 min

Silvertree To Add New Companies To Its Portfolio

Silvertree Internet Holdings is the SA-based owner of online platforms like CarZar, Ucook, Faithful to Nature and PriceCheck - and its looking to add more companies to its portfolio ahead of its planned listing even if it is 5 years out. It's targeting annual revenue growth of more than R4.1bn…

4 Jul 2018 12PM 7 min

Eskom denies reports around its debt restructuring plans

Power utility, Eskom has secured 23% of its funding needs in the new financial year but that's only 22%, Minister of Public Enterprises, Pravin Gordhan and National Treasury recently basically went cap in hand to banks and asset managers for help to nurse SOEs back to health. Cash-strapped Eskom's debt…

4 Jul 2018 12PM 8 min

Sassa's payment glitches continue

Thousands of pensioners have been unable to withdraw their social grant money using the new Sassa cards and although Sassa hoped to resolve the glitches by Monday, the problem is expected to continue over the next few days. The South African Post Office which has taken over payments from Net1's…

4 Jul 2018 12PM 6 min

World Cup 2018, the betting odds

Some call the World Cup the biggest gambling event in history with billions exchanging hands in different currencies on the possible outcomes and with the only one spot left in the quarter finals up for grabs tonight, who are you betting on and what do the odds suggest? Paddy Power…

3 Jul 2018 12PM 6 min

Where is SA's economy headed in H2?

We have entered the second half of the year, in the first quarter our GDP contracted by 2.2% marking the biggest decline in 9-years, inflation is hovering close to the Sarb's target range with the climbing oil prices remaining a risk to the CPI outlook, the rand is flirting with…

3 Jul 2018 12PM 8 min

Absa PMI falls further below 50-point mark in June

So we've had PMI reading for June slump to its lowest level in three months - having dropped to 47.9 in June from 49.8 in May. The purchasing managers' index is compiled by the Stellenbosch-based Bureau for Economic Research and Absa Bank and Miyelani Maluleke, Economist at ABSA joined us…

2 Jul 2018 12PM 7 min

Mantashe halts new petroleum licenses

Mineral Resources Minister, Gwede Mantashe has published a notice restricting applications for oil and gas exploration and development, this as his department makes changes to its licensing process - a move that is seen as pumping more uncertainty into the sector which is in need of much needed growth as…

2 Jul 2018 12PM 8 min

A weekly dose of bile is Sasfin Securities' David Shapiro

It's the end of the quarter, half-way through the year and you're probably still not earning any money for yourself but paying it over to the State. This is the week that was, join Giulietta Talevi, her co-host Simon Brown and joining them for their weekly dose of bile is…

29 Jun 2018 12PM 25 min

According to Lulaway 30% of youth abandon jobs within first 3-months

News Leaders According to Lulaway 30% of youth abandon jobs within first 3-months South Africa's quarter one employment numbers showed that the country added 56,000 jobs in the first quarter of this year, bringing the total number of people employed in the formal, non-agricultural sector to 9.8m. But as we…

29 Jun 2018 12PM 7 min

Gauteng transport department budget at R7.7BN

Today, Gauteng MEC for Roads and Transport, Ismail Vadi tabled his budget vote speech. The allocated budget for the department is R7.7 billion and will be spent on five key programmes. He says that every rand that will be spent from this budget should contribute to making life more liveable…

28 Jun 2018 12PM 7 min

Tekkie Town execs walkout on Star

Well, not only has Star's Speciality division, seen its CEO, COO and CIO walk out the door - they seem to be taking the keys with them. That's with STAR having been served notice of eviction at its national distribution centre. Still STAR is keeping mum, while the JSE says…

28 Jun 2018 12PM 7 min

Eskom tables final wage offer of 6.2%

Power Utility Eskom has tabled a final wage offer increase of 6.2% for this year, this after moving from a 0% wage increase stance to 4.7%, this was upped to 5% yesterday which unions labelled a joke. Unions are now tasked with taking the final offer to their members and…

28 Jun 2018 12PM 8 min

Sibanye-Stillwater deaths raise mine safety alarm

The death toll at Sibanye-Stillwater has risen to 21 for this year alone with parliament calling it a national disaster. The company will be having a mine safety summit on Friday to address ongoing safety concerns in the industry. James Wellsted, Spokesperson for Sibanye-Stillwater joined Business Day TV on the…

27 Jun 2018 12PM 6 min

Ansys to rebrand as Etion

Tough macro conditions have weighed on Ansys' annual performance, with customer spending cutbacks eating into its revenue and profits. The company - which recently rebranded to Etion - reported a near 29% decline in revenue while headline earnings per share halved. Its Group CEO Teddy Daka joined Business Day TV…

27 Jun 2018 12PM 6 min