Interviews with top CEOs and leaders shaping today's news stories alongside all the latest news that is impacting the markets, business and investments around the world.
A Tiso Blackstar Group Production.
Keywords: money, opportunity, business plan, business ideas, business news, income, financial news, industry news and views
Raubex upbeat over record order book
Raubex's secured order book has increased by more than two thirds to R17.1 billion over the past year, and the firm is eyeing further growth based on the government's infrastructure-led economic recovery plan. Business Day TV's Alishia Seckam unpacked that outlook with CEO Rudolf Fourie.
New Covid-19 variant arrives in SA
South Africa has detected cases of the coronavirus variant initially identified in India, amidst early signs of a third wave of infections in the country. Business Day TV's Alishia Seckam spoke to Alex van den Heever, Health & Social Security Systems Specialist at Wits University for his rating of the country's preparedness for a third wave of infections
Broad-based BEE: The good, the bad and the ugly
As the winds of change are starting to blow through the political economy and as we look to rebuild after the Covid earthquake the space is opening up to talk about transformation in the country. Michael Avery prefers the term normalisation. Because that is effectively what broad-based BEE and the country’s transformation laws are trying to achieve. The correction of decades of abnormal race-based exclusion from economic activity towards a more normal picture influenced by hard work meeting equal opportunity with a measure of talent and good luck thrown into the mix. But broad-based BEE is hotly debated. BEE has a cost not just for shareholders, empowerment via state procurement has a cost. As former finance minister Trevor Manuel said in his testimony before the Zondo Commission, “we need to retain BEE to ensure we have a more inclusive economy. But some of these things have lent themselves to abuse. I hope we can have a nationwide discussion about how we can remedy some of these matters.” That debate seems to be opening up at last with new research into broad-based BEE, the Sanlam Gauge report, published last week, showing strong transformation scores, but industry commentators say there is a mismatch between inputs and outputs.
Michael Avery hosted
Andile Khumalo, CEO of KhumaloCo and co-founder of Sanlam Gauge;
Lerato Ratsoma, MD of leading empowerment verification firm Empowerdex;
& Johnny Goldberg, a leading voice in labour law, Broad Based Black Economic Empowerment, CEO at Global Business Solutions
to a discussion on what the Report reveals about the true state of transformation in South Africa.
What has Karooooo got planned for 2021?
Karooooo, the new holding company for vehicle recovery and fleet management group Cartrack, has reported an 18% rise in full-year revenue as it's subscriber base expands. Business Day TV's Alishia Seckam caught up with the firm's CEO, Zak Calisto for more insight on how the strength of the company's balance sheet is positioning it for growth.
Saldanha Bay Industrial Development Zone receives R3.5bn investment
The Saldanha Bay Industrial Development Zone has received a R3.5 billion investment for its port expansion project, which is expected to boost economic growth. Business Day TVs Alishia Seckam spoke to Kaashifah Beukes, CEO of the Saldanha Bay Industrial Development Zone for more detail.
Will Sappi have a better second-half?
Sappi may have slipped into the red during the group's first-half but the packaging and paper firm is seeing some green shoots as it says that the increase in the price of dissolving pulp will boost profits going forward. Business Day TV's Alishia Seckam caught up with Sappi CEO Steve Binnie to discuss the group's prospects in more detail.