Business Day Spotlight

MULTIMEDIALIVE  |  Podcast , ±23 min episodes every 1 week, 3 days  | 
Behind the biggest business stories of the week - taking you inside key events, the movements at the top and their effects at the bottom.

A Tiso Blackstar Group Production.

Keywords: BDSpotlight, industry, markets, South Africa, news and views, money, success, entrepreneur, corporation, podcast

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21
AUG

Business Day Spotlight | The EU isn't playing fair with the local poultry industry

In this edition of Business Day Spotlight, our focus is on the SA poultry industry and how it has fared in recent years in the face of cheap foreign imported chicken.

Our host Mudiwa Gavaza is joined on the line by Francois Baird, founder of FairPlay, an organisation which aims to fight predatory trade practices and dumping.

According to a report by DNA Economics commissioned by the EU-SA Strategic Economic Partnership, the reasons for the slow growth of production and exports by the SA broiler industry and for the increasing share of imports in meeting local demand are matters of considerable contention.

In this discussion, Baird explains the importance of the study, how it came about and unpacks some of the findings.

He also explains the economic impact for the local poultry market and gives thoughts on what will it take to right size local poultry production.

The SA Poultry Association has lodged an application to the International Trade Administration Commission (Itac) — the organisation tasked with customs tariff investigations, trade remedies, and import and export control — calling for an increase in the ad valorem tariff on bone-in and boneless frozen chicken portions to 82% from existing levels of 37% and 12% respectively.

Baird also explains the difficulty local farmers face in getting their produce into stores as it is often cheaper for wholesalers and normal to buy imported meat than the local variant.

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.
15
AUG

Business Day Spotlight | Tax payers brace themselves for NHI

In this edition of Business Day Spotlight, our focus is on the SA economy, continued pressure on consumers and the National Heath Insurance (NHI) bill.

Our host Mudiwa Gavaza is joined on the line by Mike Schüssler, Chief Economist at Economists.co.za to discuss the results of the BankservAfrica economic transactions index (BETI).

BankservAfrica, the largest automated payments clearing house in Africa, released its monthly economic transactions index for July on Wednesday. For July, the value of economic transactions showed no monthly change which reflects the persisting stagnant state of the South African economy.

In this discussion, Schüssler explains how the BETI is constructed, what data is considered and gives insights around what the results reveal and mean.

The BETI is a 'now indicator' of broad economic activity in South Africa, says Schüssler, explaining that in addition to annual and quarterly measures, there is a more in the industry for more immediate economic reporting.

The discussion then turns to the economic implications of the National Health Insurance (NHI) Bill. What will this mean for SA? Can the fiscus realistically support such a program?

The NHI bill, tabled in parliament on Thursday last week, paves the way for the establishment of a central NHI Fund that will purchase services on behalf of the entire population. In terms of the bill, medical schemes will ultimately be limited to only offering cover for benefits not provided by the fund. The bill makes no provision for scheme administrators.

Investors in healthcare stocks on the JSE saw value destruction of about R14bn in the three days of trading after the announcement as the market grapples with the possible effect of the government reforms to the sector.

Schüssler says more should be done to ensure the plan is robust, advocating for example, that the country needs more medical professionals. The government could potentially make healthcare free and accessible to all but it
13
AUG

Business Day Spotlight | Investors migrate to safe havens among trade war concerns

In this edition of Business Day Spotlight, our focus is on cryptocurrency.


Our host Mudiwa Gavaza is joined in studio by Richard de Sousa, senior partner at AltCoinTrader - a cryptocurrency exchange that offers buying or selling digital coins for SA Rand.

AltCoinTrader, has recently added gold and silver to their platform, giving investors a choice to trade between cryptocurrencies and traditional commodities if they feel markets are too volatile.

This discussion considers the current state of crypotcurrencies relative to other stores of wealth and means of exchange, explaining AltCoinTrader's rationale for adding commodities to their platform.

With the ongoing US-China trade tensions, investor uncertainty has been increasing around the world moving some towards alternative safe haven assets. Gold and silver have been on the rise, and the untraditional Bitcoin, has been gaining momentum on this as well, with Bitcoin seeing a surge in price to over $11 000.

De Sousa unpacks how the global economy is affecting Bitcoin prices and how trading volumes in SA have tended to respond. He also takes time to explain bitcoin mining and the challenges faced by that industry.

The last time De Sousa was in studio, he spoke extensively around Facebook’s proposed digital currency Libra. In this discussion, we end of with an update as Facebook has been consulting and seeking approval from regulators around the world.

De Sousa says unless something changes, Facebook does not seem to be a position to launch Libra. The social media giant has so far not done enough to to convince authorities, particularly in the US, of the viability of the Libra platform.

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.
30
JUL

Business Day Spotlight | SOEs hemorrhage state funds and impact investor confidence

In this edition of Business Day Spotlight, we continue our focus on the political economy

Our host Mudiwa Gavaza is joined on the line by Daniel Silke, an Independent political economy analyst, author and Speaker specialising in South African and international politics. Silke is also Director of the Political Future Consultancy.

The discussion considers the continued struggles facing the nation’s state owned enterprises. In focus is the funding plan given by the Finance Minister Tito Moboweni for Eskom, South African Airways and the South African Broadcast Corporation.

Government bonds and the rand fell on last week Tuesday after Mboweni said the state might have to increase borrowing to fund an extra R59bn in aid for Eskom over the next two years.

Financial support for struggling SOEs such as the SABC, Denel and SAA will be released in chunks as certain conditions are met, Mboweni said in the National Assembly last week.

Silke gives his outlook for the rest of the year, together with comments on the Rand and possible economic drivers to look out for.

These and other questions are all on the table together with the economic and political consequences of keeping SOE’s operating in the current way.

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.
25
JUL

Business Day Spotlight | Politicians are putting the SA economy at risk

In this edition of Business Day Spotlight, the focus is on the political economy.

With a number of high profile public cases in the country dominating headlines like former President Zuma's testimony at the State Capture Inquiry, revelations at the PIC Inquiry and the High Court ruling against the Public Protector amongst others, how is this affecting the SA economy?

Our host Mudiwa Gavaza is joined in studio by Dawie Roodt, Director and Chief Economist of the Efficient Group together with Genevieve Quintal, Politics Editor for Business Day to unpack the issues.

In this discussion, the panel considers the metrics that can be used to gauge the impact of the ongoing political scandals on SA’s economy or investor sentiment.

The International Monetary Fund released a report on Wednesday cutting their growth forecast for SA. What does this mean and could other institutions follow? Roodt explains how economists go about gauging possible growth and the factors that affect currency fluctuations and overall perceptions of the SA economy internally and externally.

Our guests give their outlook for the rest of the year, together with comments on the Rand and possible economic drivers to look out for.
Quintal highlights that with the State Capture Inquiry set to end in September, South Africans may have the first draft of the report from that process by the end of the year.

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.
18
JUL

Business Day Spotlight | SA needs an interest rate reprieve

In this edition of Business Day Spotlight, the focus is on SA’s monetary policy as the SA Reserve Bank (SARB) is set to make an interest rate decision on Thursday 18 July 2019.

Our host Mudiwa Gavaza is joined on the line by Tumisho Grater, Economic Strategist at Novare.

In this discussion, Gavaza and Grater explore news around the SARB. With Governor Lesetja Kganyago having been reappointed to lead the central for another term, what does that mean for SA’s macroeconomic stability? Could the President have chosen anyone else to head up the central bank?

Grater explains the role and responsibilities of the governor and outlines the current state of monetary policy in SA.

Regarding the interest rate decision on Thursday, Grater says the Monetary Policy Committee is unlikely to hike rates this time around given the current performance of the economy coupled with the pressure felt by consumers.
She also highlights other factors to consider such as the US’s interest rate policy, international oil prices, together with the impact on ordinary South Africans, businesses and the Rand.
Listen in to hear thoughts around these and other questions.
03
JUL

Business Day Spotlight | G20 Summit bodes well for SA

With the G20 Summit having just concluded, what does this mean for the SA economy going forward?

In this edition of Business Day Spotlight, we focus on the meeting of the 20 largest global economies in Osaka Japan at the end of June and what benefit SA is deriving from being part of the group.

Our host Mudiwa Gavaza is joined by Asha Speckman, senior economics writer for the Sunday Times Business Times, who attended the summit as part of the SA contingent.

This year was the first time Japan has hosted the Summit where leaders deliberate on the global economy, trade and investment, innovation, environment and energy, employment, women’s empowerment, development and health.

The discussion looks at the experience of the Summit, and its overall structure. Questions are asked about how useful such meetings are for ordinary South Africans and how Africa’s economic issues are being addressed and dealt with on the global stage.

Speckman highlights some of the engagements done by President Ramaphosa with Japanese business people and the interest being shown in SA as a long term investment destination.

She says the positive reaction in most stock markets after the US and China agreed to resume trade talks was one of the major talking points of the event.

G20 members account for 85% of global economic activity and two-thirds of the world’s population.

Listen in to hear thoughts around these and other questions.
02
JUL

Business Days Spotlight | The revival of the Zim dollar could see history repeat itself

In a surprise turn of events, the Zimbabwe government, last week announced the end of its multi-currency regime after 10 years.

In this edition of Business Day Spotlight, we focus on what this move means for the southern African state and possible effects on the region.

Our host Mudiwa Gavaza is joined by Tara O’Connor, founder and executive director of Africa Risk Consulting (ARC) - a firm that advises on pre-investment and expansion strategies for countries like Algeria, Angola, Congo-DRC, Nigeria, East Africa, the Franc Zone (as a region), South Africa, Zambia and Zimbabwe amongst others.

According to the Reserve Bank of Zimbabwe and finance ministry, the Zimbabwe Dollar is now legal tender. Zimbabweans can no longer trade in US dollars, SA Rand, British Pound or Botswana as they have done in the past.

Many questions still remain about what this will mean for foreign investment, confidence in the currency and saving of ordinary people on the ground.

The decision comes as the country’s inflation rate reached as much as 95% month to month said O’Connor. She said this was a move in the wrong direction for the country headed by President Emmerson Mnangagwa.

“History is our best teacher,” she referring to the hyperinflation and economic turmoil experienced in that country over the last two decades.

Zimbabwe’s issues should be the concern of the region as a whole, particularly SA, O’Connor said. A net importer for a number of years, SA is Zimbabwe’s largest trading parter. The country is said to owe embattled power utility Eskom over R300 million for electricity previously supplied.

O’Connor says leaders in the region like President Ramaphosa may have to take on the role exhibited by former-President Mbeki in 2009, who helped to bring about a government of national unity with the opposition MDC party, which led to 5 years of economic growth before Zanu PF took back the reigns in 2013.

Listen in to hear thoughts around these and other questions.
21
JUN

Business Day Spotlight | Libra is not a cryptocurrency

In this edition of Business Day Spotlight, the focus is on Facebook’s newly announced blockchain-based digital currency and what it could mean for the world’s financial system.

Our host Mudiwa Gavaza is joined in studio by Richard de Sousa, Senior Partner at AltCoinTrader - a cryptocurrency exchange that offers buying or selling digital coins for SA Rand - to discuss this development.
"If successful Facebook will be opening the biggest bank in the world,” de Sousa says. The discussion considers the possible impact on the global financial services sector if this plan is to gain traction and succeed.

Libra is said to be a stable coin because it will be backed by assets like bank deposits and government securities. What are these assets and how will the buying and selling of these work? Further, it has been reported that Libra will be pegged to major currencies like the US Dollar and Euro. How will this be done?

The most important question of the day: Is the SA Reserve Bank (SARB) likely to allow for the use of Libra when it launches next year?

De Sousa says the SARB and other regulatory bodies around the world will have to accept Libra or risk being left behind.

Is AltCoinTrader likely to allow for trading in Libra? Is Libra really a cryptocurrency or a currency that happens to be digital?

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.
13
JUN

Business Day Spotlight | Government, Eskom & Sasol are on the hook for "Deadly Air"

In this edition of Business Day Spotlight, we focus on the ongoing environmental legal saga, aptly dubbed the "Deadly Air” case.

Our host Mudiwa Gavaza is joined on the line by Bobby Peek, Executive Director at groundWork - a non-profit environmental justice service and developmental organization.

Environmental activists have launched a lawsuit to force the government to reduce air pollution in the coal-rich Highveld area, a landmark case that threatens to add R300bn to debt-saddled Eskom’s spending plans and also turns the spotlight on energy giant Sasol.

The case is being spearheaded by groundWork together with the Centre for Environmental Rights and Vukani Environmental Justice Movement In Action.

Peek says the country cannot continue to ignore such an important issue that is slowly causing irreversible damage to the health and welfare of many South Africans.

The discussion also looks at how decisions about SA’s coal energy production have had far reaching consequences beyond the simple act of turning on and off lights.

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.
06
JUN

Business Day Spotlight | Policy uncertainty, and a plummeting GDP cause economic upset 

In this edition of Business Day Spotlight, we explore the current state of the SA economy as the latest Stats SA data shows the country’s GDP plummeted by 3.2% for the first quarter of 2019.

Our host Mudiwa Gavaza is joined on the line by Prof Adrian Saville, economics lecturer at GIBS Business School and CEO of Canon Asset Managers to unpack some of the week's top economic issues.

In addition to comments around the recently released GDP figures, the discussion looks at some of the reasons for the drop in economic performance and what some of the key drivers of growth for SA may be for the next 12-24 months.

With elections now out of the way, are we likely to see more inflows of capital into the economy from parties that were previously waiting to see how the democratic process would turn out. Saville says he certainly hopes so but the policy environment needs to be right to attract investors. As an investment professional, he also gives us some into the attitude and perception amongst investors at the moment.

The recent controversy over the ruling party’s comments about expanding the South African Reserve Bank’s mandate have also sparked much debate this week.

The discussion also looks at leadership in state owned enterprises (SOE’s) as CEO’s at SAA and Eskom resigned in the last few weeks. Is the state creating an enabling environment for the success of SOE’s? Is it perhaps time to take some of these entities from public hands? Is it possible to replicate the performance of Telkom at other state entities?

Listen in to hear thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.

33 episodes

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