Business News Leaders

Watch: What’s next for Transaction Capital

South Africa’s biggest taxi financier Transaction Capital says its 2021 earnings have rebounded to well above pre-pandemic levels thanks in part to a stellar performance from it’s debt-collection business. Alishia Seckam spoke to Transaction Capital CEO David Hurwitz about how this balance sheet strength sets the group up for future…

16 Nov 2021 9AM 7 min

Expanded Producer Responsibility

Plastic, glass, paper, most packaging and substrate materials are deeply ingrained in modern society and play a critical role in our day-to-day lives. From food to transport, clothing to technology, leisure to healthcare and sport to culture, it is difficult to imagine a world without these materials. However, one cannot…

16 Nov 2021 2AM 26 min

Vodacom grows customer base, eyes new opportunities

SA’s largest mobile operator Vodacom has added 6.2-million customers to its subscriber base during the six-months to end September. This helped lift group revenue by 4.2% to R49.9bn during the period. Alishia Seckam spoke to Vodacom CEO Shameel Joosub for more detail on this and his outlook for the business

15 Nov 2021 10AM 8 min

How Astral plans to navigate the challenges it’s facing

Over the past financial year, Astral has had to deal with a number of headwinds, including rising feed costs, load shedding, avian flu outbreaks, municipal woes and the civil unrest that hit the country in July. These factors have weighed on the company’s bottom line with annual headline earnings per…

15 Nov 2021 9AM 7 min

The Week In Perspective

The rand broke a two-day losing streak on Thursday as investors welcomed the medium term budget policy statement (MTBPS), staging a mild recovery after falling the most in more than eight months in the previous session. The JSE and local bonds were also heartened by the statement. Finance minister Enoch…

12 Nov 2021 3AM 26 min

Unpacking Godongwana's maiden medium-term budget

Finance minister Enoch Godongwana has tabled his first medium term budget saying that state-owned companies need 'tough love' and a decision on a basic income grant will be made in February. Alishia Seckam spoke to Treasury DG Dondo Mogajane for more detail on what the finance minister presented

11 Nov 2021 10AM 8 min

Alternative investments pick up in SA

South African investors are growing their exposure to the alternative investment space amid an increasingly uncertain environment. Business Day TV spoke to Dino Zuccollo from Westbrooke Alternative Asset Management for his view on the growth trend observed

11 Nov 2021 9AM 6 min

TFG bags half-year profit

Fashion retailer TFG has swung to an interim headline profit as it recovered from Covid-19 lockdown restrictions which forced it to close stores in all the territories it operates in. This weighed on the group's financial but now that the group has recovered, TFG has reinstated dividends and declared a…

11 Nov 2021 9AM 7 min

COP26 | CLIMATE SUMMIT ENTERS SECOND WEEK

Welcome, you're watching Climate Conversations on Business Watch with Michael Avery, COP26 has arrived and we’re discussing whether we’re turning the tide on climate change brought to you by Investec. In an effort to ensure the success of the COP26 climate crisis negotiations and achieve the goal of shifting away…

11 Nov 2021 3AM 26 min

Vodacom and Remgro announce fibre partnership

Remgro and Vodacom have entered into a deal that will see the two entities combine their fibre businesses in a move that will improve access to high-speed internet for SA’s lower income consumers. Business Day TV spoke to CIVH chairman Pieter Uys for more insight

10 Nov 2021 9AM 6 min

Why Vodacom has bought a controlling stake in Vodafone Egypt

SA’s largest mobile operator, Vodacom, has inked a deal to buy a 55% stake in Vodafone Egypt for $2.7bn as the transaction will give the group access to the country’s rapidly expanding ICT market. Business Day TV unpacked the detail of the deal with Vodacom CEO Shameel Joosub

10 Nov 2021 9AM 7 min

Why Eskom needs leadership continuity

Eskom CEO Andre de Ruyter says he will not resign of his own accord as he believes that the state utility needs leadership continuity. His comments come amid calls from the Black Business Council and the National Union of Mineworkers for De Ruyter’s resignation. Business Day TV spoke to De…

10 Nov 2021 9AM 8 min

MTBPS Preview

The context to Finance Minister Enoch Godongwana’s maiden medium term budget policy statement is fraught. His party recently bloodied at the polls after more than a decade of corruption and incapable governance has left the country teetering on the brink. There is no sense of hyperbole here. PRASA has been…

10 Nov 2021 3AM 24 min

What to expect from SA’s medium-term budget

Finance minister Enoch Godongwana is set to present his first medium-term budget on Thursday where he faces the challenge of presenting a strategy that will revive SA’s economy while keeping public finances in check. Business Day TV spoke to Siobhan Redford from RMB for her views on why could be…

9 Nov 2021 9AM 7 min

Why the Black Business Council wants new leadership at Eskom

The Black Business Council (BBC) wants Eskom’s CEO, Andre de Ruyter and the state utility’s board to step down as load-shedding continues to leave SA in the dark. Alishia Seckam spoke to BBC CEO Kganki Matabane about the proposal

9 Nov 2021 9AM 9 min

ETFS in portfolio construction

The growth in exchange traded funds (ETFs) was remarkable after their mass introduction in the early 2000s, and they continue to grow in number and popularity. The emergence of the investment vehicle has been great for investors, as new low-cost opportunities are now available for nearly every asset class in…

9 Nov 2021 3AM 26 min

How Exxaro plans to help with SA’s energy transition goals

Diversified miner Exxaro plans to play an integral part in South Africa’s energy transition as it recently signed a deal with state-owned power utility Eskom and fellow coal miner Seriti Resources to jointly develop renewable energy projects. The company’s strategy shift comes at a time when the world is putting…

8 Nov 2021 9AM 8 min

Raubex eyes opportunities in SA’s building market

Construction and material group Raubex has reported solid first-half results with revenue jumping 52% to R5.99bn and operating profit rocketing to R435.2m as the firm recovered from the impact of Covid-19 lockdown measures in the prior period which brought activity to a standstill. The group’s financial rebound along with its…

8 Nov 2021 9AM 6 min

WATCH: Animal Spirits

With just a couple months left before a well-earned break for most, this year’s market action is still keeping investors anxious. We’ve had the taper without the tantrum, the BoE surprise hold and more hot air than bold action out of Glasgow on Cop26. The beginning of the end of…

8 Nov 2021 3AM 25 min

WATCH: The Week In Perspective

On 11 November, Minister of Finance Enoch Godongwana will table his maiden Medium Term Budget Policy Statement amid the country’s increasingly complex fiscal knots. This year’s MTBPS will centre around stabilising the local economy, given the continued negative impact of the COVID-19 pandemic and the July social unrest, in an…

5 Nov 2021 7AM 25 min