Business News Leaders

Cryptos in 2022

2021 was a big year for cryptocurrency. But what’s next in 2022? We’ve seen Bitcoin hit multiple new all-time high prices — followed by big drops — and more institutional buy-in from major companies. Ethereum, the second-biggest cryptocurrency, notched its own new all-time high recently as well. U.S. government officials…

9 Feb 2022 3AM 25 min

Growthpoint to convert office park into apartments

Growthpoint Properties will convert one of its office parks into residential units, as the landlord seeks to offset the glut in office space by capitalising on the growing need for homes. Business Day TV spoke to Growthpoint's Head of Office Asset Management Unit Paul Kollenberg, for more detail

8 Feb 2022 8AM 7 min

Oil eases from seven-year highs

Oil prices have eased from 7-year highs, ahead of talks nuclear talks between US and Iran. Business Day TV caught up with Raymond Philips, Commodities Trader at RMB, and discussed the kind of impact these talks could have on prices going forward

8 Feb 2022 8AM 5 min

Previewing SONA 2022

Parliament has set aside R4 million for this year's State of the Nation Address, which will take place at the Cape Town City Hall after a blaze destroyed some parliamentary buildings last month. The annual address by President Cyril Ramaphosa will outline government's plans for the year. Business Day TV…

8 Feb 2022 8AM 8 min

Reading The Writing On The Wall For Education Crisis

Last month Basic Education Minister Angie Motshekga chose to highlight that the matric pass mark has crept up to 76.4%, from 76.2% last year, which, given the Covid affected school year, was at least a pass. What the Minister neglected to say was that a mere one in five of…

8 Feb 2022 3AM 26 min

What should SA’s updated Integrated Resource Plan look like?

South Africa's Minister of Mineral Resources and Energy Gwede Mantashe, says energy poverty can be avoided if the country increases the use of nuclear and gas in its energy mix. Business Day TV spoke to Energy Analyst Chris Yelland and Tracey Davies, Executive Director of Just Share for their thoughts…

7 Feb 2022 10AM 14 min

The investment case for Trellidor

Small cap stocks had a bumper 2021. The JSE's Small Cap Index rose by over 50% during the year, further helping the sector garner investor interest. One of the company's in focus is Trellidor, Business Day TV caught up with the company's CEO Terry Dennison, and discussed its future prospects.

7 Feb 2022 8AM 8 min

Unpacking tensions between Russia and Ukraine

Conflict between Russia and Ukraine continue to escalate. France's President Emmanuel Macron is meeting with Russia's Head of State Vladimir Putin to try and calm tensions​ . Business Day TV discussed the impact these tensions have had on markets with Oanda's Craig Erlam

7 Feb 2022 8AM 5 min

State Capture Part II – What next?

Part One and Two of Deputy Chief Justice Raymond Zondo’s State Capture report, propose far-reaching measures to curb state lawlessness, corruption and malfeasance. In particular part II deals in detail with what Zondo calls racketeering involving key politicians and directors of Transnet and other private companies and how this relates…

7 Feb 2022 4AM 28 min

The Week In Perspective

What a week its been with big tech sending mixed messages as Google and Amazon beat while Meta, tesla, Paypal and Netflix all plummeted. Global equity markets slumped lower on Thursday while gold prices steadied and the dollar weakened as frightened investors digested disappointing updates from major central banks about…

4 Feb 2022 3AM 27 min

OneLogix holds onto dividend as uncertain environment bites

OneLogix has withheld its interim dividend, citing prevailing uncertain economic circumstances. The transport and logistics group says it experienced anaemic demand for its vehicle storage facilities in the six months to end November, as computer chip shortages affected the delivery of passenger and commercial vehicles. Business Day TV analysed the…

3 Feb 2022 9AM 7 min

Pepkor expands into South America with Brazil acquisition

Pepkor’s expanding into South Africa and has bought an 87% stake in Brazilian merchant Grupo Avenida. The retailer did not put a price on the acquisition but has shared that it was less than 4% of the group’s market value, or less than R3.2 billion. Business Day TV spoke to…

3 Feb 2022 9AM 7 min

Retail Recovery

Retailers have been unevenly impacted through the pandemic and are staging an unequal recovery by the looks of things. Several big South African retailers released their Festive Season trading updates recently. While the YoY growth reported was strong, it should be kept in mind that the stricter COVID-19 restrictions in…

3 Feb 2022 4AM 27 min

Ascendis Health not planning to delist

Ascendis Health has no plans on delisting, despite the firm’s plans to sell three of its remaining businesses for R802 million. Business Day TV spoke to the Group CFO and Interim CEO, Cheryl-Jane Kujenga for more detail

2 Feb 2022 8AM 7 min

US tech stocks start the year on a sour note

Tech investors have experienced a wild ride with the Nasdaq recording a 13% decline in January, but a recovery appears to be on the cards with tech firms releasing upbeat fourth quarter earnings. Business Day TV caught up Anchor Capital's Henry Biddlecombe for his take on the performances delivered by…

2 Feb 2022 8AM 7 min

Eskom sheds light on the state of the power grid

Eskom has implemented stage 2 load shedding. That's as breakdowns at the state utility's power stations have put the grid under pressure. State 2 blackouts cost South Africa about R470 million a day, according to recent calculations by Eskom.Business Day TV caught up with Jan Oberholzer, COO of Eskom for…

2 Feb 2022 8AM 8 min

A dram full of gin helps the inflation go down

A slew of European inflation data hit the tapes yesterday and we saw massive moves at the short end of European yield curves as investors started to price a whole 25bps in ECB rate hikes this year . It probably isn’t much consolation that the US isn’t alone in struggling…

2 Feb 2022 4AM 27 min

Rand shakes off last week's market rout

The local unit started the new month on a positive note and made gains on the back of a softer dollar. Business Day TV discussed these moves in detail with RMB’s Fixed Income and Currency Strategist, Varushka Singh

1 Feb 2022 9AM 6 min

The state of coal mining in South Africa

Mineral Resources and Energy Minister Gwede Mantashe has faced backlash for supporting coal mining but some analysts support his stance and say demand for coal will not be slow down anytime soon. Business Day TV spoke to Peter Major Mining Analyst at Mergence Corporate Solutions for his view on the…

1 Feb 2022 9AM 5 min

Factory activity picks up in January

South Africa's manufacturing activity picked up pace in January. Absa's Purchasing Managers Index rose to 57.1 index points from 54.1 in the previous month. The improvement is largely due to a rebound in business activity. Business Day TV discussed the print and the outlook for the sector with Miyelani Maluleke,…

1 Feb 2022 8AM 8 min