Business News Leaders

Covid-19 weighs on Sun International

Covid-19 has weighed on Sun International as lockdown measures prevented the hospitality group from operating for months on end. This contributed to the group reporting an annual adjusted headline loss of R1.1bn. Business Day TV's Alishia Seckam spoke to Sun International CEO Anthony Leeming about how the business plans to…

15 Mar 2021 2AM 7 min

Stadio slips into the red

Stadio has delivered double digit growth in student numbers as it benefited from a jump in online enrolments amidst Covid-19. But this did not translate into its bottom line as it recorded a headline loss of R70mn. Business Day TV's Alishia Seckam unpacked the numbers with the CEO Chris Vorster.​

15 Mar 2021 2AM 4 min

Aspen on track to produce J&J vaccine

Aspen says it's on track to produce Johnson & Johnson's Covid-19 vaccine at its facility in South Africa. Business Day TV's Alishia Seckam caught up with the group's CEO, Stephan Saad for a closer look at what this will mean for the group.

12 Mar 2021 12AM 8 min

Eskom says 'window of opportunity open' for green hydrogen

South Africa’s ‘hydrogen economy’ ambition has gathered momentum in recent years with hydrogen touted as the clean molecule the world needs to secure a sustainable energy future. Hydrogen is clean-burning, can be produced from renewable sources of power, and therefore has a promising role to play in the global effort…

12 Mar 2021 12AM 25 min

How COVID-19 has weighed on Standard Bank

Africa’s biggest bank by assets Standard Bank has reported a slide in annual profits as it had to increase bad-debt provisions to help cushion itself from the fallout from Covid-19. Business Day TV's Alishia Seckam spoke to CEO Sim Tshabalala for his take on the current operating environment and how…

11 Mar 2021 1AM 8 min

Why Sanlam’s annual headline earnings jumped 24%

Sanlam has posted a 24% jump in full-year headline earnings as volatile markets boosted the insurer’s new business volumes. Business Day TV's Alishia Seckam unpacked the performance with the company's CEO, Paul Hanratty.

11 Mar 2021 1AM 5 min

Gauteng GDP slumps as the coronavirus weighs

Gauteng finance MEC Nomantu Nkomo-Ralehoko has highlighted the dire impact of Covid-19 on the province’s GDP in her 2021/2022 budget presentation saying that it shrank by more than R80bn last year. Business Day TV's Alishia Seckam caught up with the MEC to find out what spending plans are in place…

11 Mar 2021 1AM 4 min

MTN suspends final dividend as it battles to reduce debt

MTN has opted to hold onto its final dividend, as the mobile operator eyes an uncertain trading environment caused by Covid-19 and battles to reduce its debt pile. Business Day TV's Alishia Seckam spoke to MTN’s Acting CFO, Sugentharan Perumal for more.

10 Mar 2021 1AM 5 min

Why EPP decided to hold onto its final dividend

The coronavirus pandemic continues to weigh on Polish landlord EPP as the company gives its tenants rental concessions as they deal with the fallout from lockdown measures. Business Day TV's Alishia Seckam caught up with the CEO Tomasz Trzósło for more detail about the outlook for the company as EPP…

10 Mar 2021 1AM 4 min

Growthpoint continues to battle Covid-19 fallout

Growthpoint continues to feel the pinch of Covid-19 as the landlord is still providing relief to its tenants that are struggling under the weight of reduced trading due to lockdown measures. This has impacted the firm’s interim distributable income which has fallen 21%. Despite the knock, Growthpoint has declared a…

10 Mar 2021 1AM 8 min

AfroCentric’s diversification strategy pays off

Healthcare investment company AfroCentric says it’s diverse range of products helped it navigate the uncertain economic environment caused by Covid-19. Business Day TV's Alishia Seckam unpacked this in greater detail with CEO Ahmed Banderker.

9 Mar 2021 1AM 4 min

Adapt IT says diversification strategy has paid off

The shift to working from home and online learning as a result of Covid-19 has cushioned the full blow of the pandemic for software specialist Adapt IT with the group's total revenue slipping just 2% during its half-year. Business Day TV's Alishia Seckam spoke to CEO Sbu Shabalala for more…

9 Mar 2021 1AM 7 min

Treasury changes tac on tax incentives

There is a bigger story beyond the sun setting on the s12J incentive. National Treasury indicated in the 2020 budget that the government is reducing the number of tax incentives in the tax system, and the 2021 budget has reminded taxpayers that four further tax incentives are scheduled to lapse…

9 Mar 2021 1AM 25 min

SA economy suffers worst slump since 1946

South Africa has recorded its biggest annual growth slump in more than seven decades. The economy contracted by 7% in 2020, marginally better than National Treasury’s forecasts. Business Day TV's Alishia Seckam spoke to Nicky Weimar, Chief Economist at Nedbank for her view on the print, and what it means…

9 Mar 2021 1AM 7 min

Covid-19 weighs on Massmart

Massmart has been hard hit by Covid-19 with the retailer estimating that the pandemic cost it R6.1bn in lost sales due to lockdown restrictions. Business Day TV's Alishia Seckam spoke to Massmart CEO Mitchell Slape for more detail.

8 Mar 2021 1AM 7 min

Sibanye’s Neal Froneman calls for mega mining merger

Sibanye-Stillwater’s CEO Neal Froneman has suggested that the country's top miners of the yellow metal consolidate. This would result in a merger between Sibanye, Gold Fields and AngloGold Ashanti. Business Day TV's Alishia Seckam spoke to Mining Analyst Peter Major, for his views on the proposal.

8 Mar 2021 1AM 5 min

Why has sentiment soured on emerging markets?

The rush into emerging market assets is facing its first serious test as rising US interest rates weigh on sentiment. Business Day TV's Alishia Seckam discussed this in detail with RMB’s SA economist Siobhan Redford.

8 Mar 2021 1AM 5 min

Electoral reform offers hope

Ask most executives about what they would like to see more of in South Africa and they will say accountability is in the top 3, along with growth. Without political accountability actions will continue to be seen to be serving the party ahead of the constituents these leaders are elected…

8 Mar 2021 1AM 24 min

Covid-19 weighs on Massmart

Massmart has been hard hit by Covid-19 with the retailer estimating that the pandemic cost it R6.1bn in lost sales due to lockdown restrictions. Business Day TV's Alishia Seckam spoke to Massmart CEO Mitchell Slape for more detail.

8 Mar 2021 1AM 24 min

Cost control measures boost Mpact

Cost control measures have worked in Mpact's favour as the firm managed to almost double the cash generated from its operations despite only a small rise in annual revenue. Business Day TV unpacked this in more detail with the group’s CEO Bruce Strong.

5 Mar 2021 1AM 7 min