Business News Leaders

Local banks deliver upbeat results

South African banks have recorded a strong earnings season, benefitting from rising interest rates. This has assisted major banks like Capitec, Nedbank, Absa, Standard Bank and FNB – which is owned by FirstRand – deliver upbeat profits and hefty payouts. Business Day TV discussed whether these earnings are sustainable going…

4 Oct 2022 1PM 7 min

Emerging market currencies kick off Q4 on a negative note

Emerging market currencies have been taking a hit on the back of the stronger dollar and in an attempt to protect these currencies, emerging market central banks have turned to tightening their monetary policy. Business Day TV discussed whether this move has worked for emerging market currencies with RMB's Fixed…

4 Oct 2022 12PM 7 min

Toto fails to stall SAA sale

Toto investment Holdings, has become a losing bidder in the sale of the 51% majority stake in SAA. This was after the group approached the court in a bid to force Minister Pravin Gordhan and the DPE to make records of the sale public and to interdict the sale of…

4 Oct 2022 12PM 7 min

Why are IPO volumes falling?

After last year’s record IPO year, listings have slowed down this year with global IPO volumes hitting levels last seen during the 2008 financial crisis. Business Day TV discussed some of the factors driving the public market exodus with Wealth Manager at PSG Wealth, Schalk Louw.

3 Oct 2022 1PM 7 min

Load-shedding darkens prospects for factories

Intense power cuts have darkened the outlook for the manufacturing sector. With the ABSA PMI figure revealing that the activity has declined to 48.2 points, meaning that the Absa PMI is now in negative territory. Absa's Senior Economist Miyelani Maluleke joined Business Day TV to unpack the data in greater…

3 Oct 2022 12PM 7 min

Fuelling SA’s automotive sector

Deloitte Africa's Martyn Davies argues that South Africa needs to accelerate its adaptation to technological shifts in the automotive sector if there's any hope for maintaining and growing the domestic automotive industry. He joined Business Day TV to discuss other ways to grow SA's automotive sector

3 Oct 2022 12PM 9 min

The Week in Perspective

The third quarter of 2022 draws to a close with monetary and military hawks prevailing, and financial markets nursing some of the worst setbacks in decades. Russian President Vladimir Putin is set to host a Kremlin ceremony later today annexing about 15% of Ukraine, after what Ukraine and Western countries…

30 Sep 2022 7AM 26 min

Capitec’s digital push works in its favour

Capitec’s digital strategy has started paying off as the lender delivered a 17% rise in headline earnings per share and further hiked its dividend by a similar margin to R14. Business Day TV caught up with the company’s CEO, Gerrie Fourie for a look at its interim results.

30 Sep 2022 7AM 7 min

Private Equity in the doldrums

Despite attractively priced assets, the lure of remaining listed declining and a swift bounce back from Covid, Private Equity suffered its annus horribilus last year. Private equity investments totalled R14.9 billion in 2021, a marginal increase from R14.5 billion in 2020. But the number of deals was still the lowest…

29 Sep 2022 10AM 26 min

Ascendis Narrows Losses

Ascendis Health has managed to narrow its normalized operating loss for the full year. That's as the group is still recovering from mounting debt of almost R8 billion and facing the strong possibility of entering into business rescue. Group acting CEO, Carl Neethling joined Business Day TV to discuss the…

28 Sep 2022 1PM 7 min

Growth fears weigh on investors as central banks hike rates

The fight to tame inflation has come at a cost, with the IMF saying that the uncoordinated hiking cycles, risks tipping the world economy into recession. Business Day Tv caught up with Old Mutual Wealth’s Izak Odendaal and he shared his take on the global hiking spree.

28 Sep 2022 1PM 6 min

Ethos posts upbeat earnings

Ethos Capital says its portfolio has recovered. The private equity group has stated that most of its investees have returned to profit levels in excess of their pre-Covid-19 levels and this has helped the group report a 27% increase in its annual basic net asset value per share. But Ethos…

28 Sep 2022 1PM 6 min

South Africa sheds 119k jobs in the second quarter

Total employment in South Africa has decreased. During the second quarter 119 000 jobs were shed, reflecting a 1.2% drop on a quarterly basis - this was mainly due to a decrease in jobs in construction as well as community and business services. Business Day TV unpacked the print with…

27 Sep 2022 1PM 5 min

World Bank lowers growth forecast for East Asia

The World Bank has cut its outlook for the East Asia region by 3.5% for 2022, citing China’s property crisis and covid lockdowns as major risks. Business Day TV discussed this with RMB’s John Cairns.

27 Sep 2022 1PM 5 min

Remgro delivers robust recovery

Coming off a Covid-19 led low base and boosted by the recovery in earnings for most of the group's underlying investee companies. Remgro has managed to deliver a robust recovery, with most financial metrics ahead of pre-pandemic levels. Business Day TV unpacked the performance in greater detail with company's CEO,…

27 Sep 2022 12PM 7 min

Conversational AI

Today on Business Watch, we conclude our AI series where we’ve been featuring some of the most remarkable talent in the fields of machine learning, data analytics, artificial intelligence, natural language processing and programming in the country. We’ve spoken to pioneers in health tech, fin tech. Coders building the future…

27 Sep 2022 8AM 27 min

Global bond markets crash

Global bond markets have taken strain, hitting lows last seen in 1949. Business Day TV discussed the factors driving these markets lower is James Turp from Absa Asset Management.

26 Sep 2022 1PM 6 min

Is the government on a search for a new Eskom board?

Following weeks of back to back power cuts, Eskom’s leaderships ability to run the state owned entity has been questioned. This comes after the Sunday Times reported that the presidency has met with the department of public enterprises about shaking up the leadership. Business Day TV caught up with Business…

26 Sep 2022 1PM 8 min

SA's new rating agency contradicts big three

South Africa has been awarded an investment grade rating from the new Gauteng-based Sovereign Africa Ratings agency. A rating that goes against the three major ratings agencies, which have all placed South Africa deep into the sub-investment territory. Business Day TV caught up with Zwelibanzi Maziya, COO of the Sovereign…

26 Sep 2022 12PM 7 min

Pension allocation and asset allocation trends

With rising inflation, geopolitical risk, climate and energy concerns, there’s a lot for pension funds trustees and their consultants to consider at the moment when it comes to their investment and asset allocation strategies. 
Mercer’s recently released Asset Allocation Insights 2022 report showed that South African pension funds invest 61%…

26 Sep 2022 7AM 26 min