Business News Leaders

FSCA tightens grip on crypto industry

South Africa has joined many other countries tightening regulation on digital assets. This comes as the Financial Sector Conduct Authority declared cryptocurrencies as financial products. Business Day TV discussed what this means for the industry with the Head of Legal at Luno, Paul Harker.

27 Oct 2022 1PM 5 min

Afrimat keeps dividend unchanged

Afrimat has reported a 7.2% rise in revenue, but this did not translate into its bottom line as headline earnings per share declined by 14.2%. The building materials and mining group says during the interim period it had to deal with lower iron ore prices, the economic slowdown and increased…

27 Oct 2022 1PM 6 min

Unpacking EOH's strategy

Technology firm EOH has narrowed its annual headline loss per share to 18 cents. Business Day TV spoke to EOH CEO Stephen Van Coller for insight into the improvements at the company that are translating into balance sheet gains.

27 Oct 2022 1PM 7 min

Analysis of SA's MTBPS

Finance Minister Enoch Godongwana has tabled his medium-term budget policy statement, which made clear that long-term economic growth expectations still remain bleak. Business Day TV explored the budget statement in greater detail with Gina Schoeman, Economist at Citibank.

26 Oct 2022 2PM 10 min

Unpacking MTBPS 2022

Finance minister Enoch Godongwana has ditched the initial tough love approach when it comes to dealing with state owned enterprises. That's as government used its improved fiscal position to bailout the likes of Sanral, Transnet and Denel. The minister in the meantime did not grant Eskom more funding, but government…

26 Oct 2022 1PM 8 min

Tax revenue exceeds projections

Better-than-expected revenue collection from businesses and South African citizens has given government's coffers a boost, with the gross tax revenue estimate revised up by R83.5bn. Business Day TV spoke to Sars Commissioner, Edward Kieswetter for more detail.

26 Oct 2022 1PM 11 min

Is the Gold Fields-Yamana deal too expensive?

Just weeks ahead of a crucial shareholder vote, Gold Fields is talking shop to try win more support for its proposed takeover of Yamana Gold. This comes as some investors have expressed concern about the transaction, saying its too expensive. Business Day TV spoke to Mining Analyst at Mergence Corporate…

24 Oct 2022 1PM 7 min

Land Bank resumes lending to agri sector

The Land Bank has resumed lending to the agricultural sector, after a two year lending hiatus, by launching a R1.95bn blended finance scheme to support the commercialization of black farmers. Land Bank's Executive Manager for Strategy and Communications, Sydney Soundy joined Business Day TV to unpack the scheme in greater…

24 Oct 2022 12PM 8 min

Quan-tech-mental analysis on Remgro, Brait and Sabvest

In Trade of The Week, independent analyst Loyiso Mpeta gives a Quan-tech-mental analysis on Remgro, Brait and Sabvest.

24 Oct 2022 10AM 13 min

'Defensive' portfolio boosts Spear Reit

Spear Reit has reported its half-year performance. For the period, rental collections reached 97.56%, while growth in distribution per share came in at 12.3%. The group achieved this as it continues to emerge from the COVID-19 environment. Business Day TV caught up with Co-founder & Chief Executive Officer, Quintin Rossi…

21 Oct 2022 11AM 7 min

Focus on Steinheist

Steinheist, the book, details the collapse of Steinhoff in 2017. Business Day TV caught up with author of the book and Editor of Financial Mail, Rob Rose for more on how he tackled the issue.

21 Oct 2022 10AM 10 min

Can SA afford a 3% public sector wage hike?

In the run-up to the Medium Term Budget Policy Statement, Public Service and Administration Acting Minister Thulas Nxesi is strongly considering pushing through a 3% salary hike for public servants. The public sector wage bill is already bloated at R660 billion. Business Day TV spoke to Labour Consultant, Tony Healy…

21 Oct 2022 10AM 9 min

Focus on funding emerging market economies

According to some analysts there's been discrepancies with how financial institutions - like the World Bank - fund different emerging market economies. Business Day TV caught up with Gemcorp Economist, Simon Quijano-Evans and he shared more insight on the discrepancies.

20 Oct 2022 1PM 6 min

Clicks gets a boost from beauty products and covid-19 vaccines

Clicks has delivered upbeat annual earnings, reporting an 11.9% increase in adjusted diluted headline earnings per share. That’s as South Africa's largest pharmacy group benefitted from a recovery in its beauty segment and the administration of more covid-19 vaccines. Business Day TV unpacked the numbers with the company's CEO, Bertina…

20 Oct 2022 1PM 7 min

Godi weighs in on the Steinhoff saga

Scopa Chair, Mkhuleko Hlengwa says that the Steinhoff matter will be back on the agenda following Markus Jooste’s key assets being attached by the South African Reserve Bank for his hand in contravening exchange controls as far as the collapse of Steinhoff is involved. Jooste appeared before Scopa in 2018…

20 Oct 2022 9AM 7 min

Anchor's fourth quarter markets outlook

Risk equities took a knock in the third quarter, with US, European and local shares all falling. This comes after hopes of interest rate cuts were dashed, as policymakers confirmed their commitment to fighting inflation. Business Day TV caught up with Chief Investment Officer at Anchor, Nolan Wapenaar to discuss…

19 Oct 2022 1PM 6 min

MTN walks away from talks to buy Telkom

MTN has walked away from talks to buy Telkom. The deal would've created South Africa's largest mobile phone operator. But MTN says it ended negotiations because Telkom couldn't assure that the discussions were exclusive. Business Day journalist, Mudiwa Gavaza, who's been closely following the story, spoke to Business Day TV…

19 Oct 2022 12PM 8 min

Sarb seizes ex-Steinhoff CEO Markus Jooste's assets

The Reserve Bank has seized more than R1.4bn worth of assets belonging to former Steinhoff CEO Markus Jooste, his wife and his family trust. Analysts have welcomed this as a sign that the law enforcement authorities are beginning to move on the case. For more detail, Business Day TV spoke…

19 Oct 2022 12PM 8 min

Are investors still seeing value in local bonds?

According to research by DFM global, the South African bond market has recorded huge outflows in 2022, as riskier assets took a hit. To discuss the factors weighing on bonds, Business Day TV caught up with RMB’s Fixed Income & Currency Analyst Kim Silberman.

18 Oct 2022 12PM 5 min

Transnet seals three year wage deal with UNTU

State-owned logistics firm Transnet has agreed to a wage increase over the next three years after reaching a deal with the union representing the majority of its workers. But this means Transnet employees affiliated with Satawu will remain on strike. Business Day TV caught up with Yolisa Kani, Chief Business…

18 Oct 2022 12PM 8 min