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. An Arena Holdings production. Keywords: money, opportunity, business plan, business ideas, business news, income, financial news, industry news and views
The Big Idea - 07 Dec 2023
Currency devaluations, coups and green hydrogen potential are factors that have been identified by Oxford Economics Africa as trends to watch on the continent next year. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day for more insight into the group's watchlist for the continent as we transition to next year.
12/7/2023 • 19 minutes, 52 seconds
Listen! 2024: What to watch in Africa in 2024
Currency devaluations, coups and green hydrogen potential are factors that have been identified by
Oxford Economics Africa as trends to watch on the continent next year. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day for more insight into the group's watchlist for the continent as we transition to next year.
12/7/2023 • 7 minutes, 47 seconds
Listen! Construction industry returns to growth in Q3
Construction activity has picked up in the third quarter, according to the Afrimat Construction Index which sits at a 7-year high of 131.5 points. Business Day TV unpacked the index in greater detail with Independent Analyst, Roelof Botha.
12/7/2023 • 7 minutes, 40 seconds
Listen! Is Naspers finally done burning through cash?
Naspers, having weathered a decade of questionable investments, strategic shifts and substantial losses is now showing signs of a positive turnaround, according to Financial Mail's Ann Crotty. Business Day TV discussed this in more detail with Crotty.
12/7/2023 • 7 minutes, 18 seconds
Listen! The state of the airline industry
As the aviation industry continues to soar post the 2020 Covid-19 hit, analysts aren't expecting a slowdown anytime soon. According to research by the International Air Transport Association, the sector's net profit is expected to climb by 3.8% to $25.7 billion in 2024. Business Day TV caught up with Rene Koinzack, Lufthansa's newly appointed senior director for sales in Nigeria, Equatorial Guinea, Southern and East Africa, for a look at how the group has benefitted from the uptick.
12/6/2023 • 10 minutes, 28 seconds
Listen! SA’s Aspen expands further into China
Aspen and Sandoz have inked a near R2 billion deal. For that price tag, Aspen will buy Sandoz's Chinese business. In return, Sandoz will take on four anaesthetic products that Aspen sells in Europe. Business Day TV unpacked the deal in greater detail with Aspen's Group CFO, Sean Capazorio.
12/6/2023 • 7 minutes, 14 seconds
Listen! SA to start making battery-electric vehicles within 3 years
Amid ongoing developments surrounding South Africa's capacity for electric vehicle production and export, Business Day TV speaks to Financial Mail's David Furlonger about whether there is sufficient policy certainty for investment to flow.
12/6/2023 • 8 minutes, 32 seconds
Listen! COP 28 - State of renewable energy in SA
Eskom has put new regulations in place for renewable energy players to help protect access to the grid. Business Day TV spoke to James Mackay, CEO of the Energy Council of SA about red-tape as far as renewable energy projects are concerned and its impact on the country’s energy transition journey.
12/6/2023 • 8 minutes, 50 seconds
Listen! Transaction Capital swings to loss as profit falls in 'most challenging' year
Transaction Capital has swung into an annual loss, saying the results reflect what has undoubtedly been the most challenging and disappointing year in its history. Business Day TV unpacked the performance with incoming CEO, Jonathan Jawno.
12/5/2023 • 13 minutes, 19 seconds
Listen! SA GDP contracts in Q3
South Africa's economy contracted by 0.2% in the third quarter and the sharpest falls in output came from agriculture, construction, manufacturing and mining. Business Day TV unpacked the GDP print with RMB economist, Siobhan Redford.
12/5/2023 • 7 minutes, 17 seconds
Listen! Climate Group warns of political hurdles that may weigh on renewables ambitions
A number of heads of states from across the world have pledged to triple global renewable energy capacity by 2030 at this years COP28 summit. While the commitment has been welcomed, an international non-profit organization - Climate Group has highlighted policy barriers that are holding back the uptake of renewables in some of the world's largest economies. Business Day TV discussed this in detail with the Director for Energy at Climate Group, Sam Kimmins.
12/5/2023 • 7 minutes, 40 seconds
Listen! Independent candidates win partial victory in Constitutional Court
The Constitutional Court has granted a partial victory to independent candidates, easing their path to elections by reducing the signature threshold to 1,000 or 15% of local support. Business Day TV unpacked this ruling in greater detail is political analyst, Asanda Ngoasheng.
12/5/2023 • 8 minutes, 45 seconds
Listen! Q3 GDP contracts by 0.2%
South Africa's economy contracted by 0.2% in the third quarter due to a sharp fall in the agriculture, forestry and fishing industry. Declines in construction, manufacturing and mining also weighed. Business Day TV unpacked the print in greater detail with Gina SChoeman, Economist at Citibank.
12/5/2023 • 8 minutes, 51 seconds
Listen! Alexforbes posts higher interim profit
Alexforbes has posted a 96.5% jump in interim headline earnings per share, as the financial services group benefitted from its strategy shift where it reconfigured its core business away from insurance. Business Day TV unpacked the performance in greater detail with Alexforbes CEO Dawie de Villiers.
12/4/2023 • 8 minutes, 12 seconds
Trade of the Week - 04 Dec 2023 | Glencore, Anglo American and Bidvest.
Herenya Capital founder, Petri Redelinghuys provides technical analysis on Glencore, Anglo American and Bidvest.
12/4/2023 • 18 minutes, 52 seconds
Listen! What COP28 could mean for Africa
With Africa only responsible for 4% of total global emissions, while housing the lion’s share of minerals needed for the green energy transition, Business Day TV caught up with Chantal van der Watt, PwC Associate Director for Sustainability and Climate change for her take on what COP28 could mean for Africa.
12/4/2023 • 7 minutes, 28 seconds
Listen! Capital Appreciation delivers improved earnings despite challenging economic conditions
Capital Appreciation has maintained its half-year dividend at 4.25c despite economic challenges, citing high demand for its products. The fintech group anticipates a strong second-half performance, fuelled by diversified revenue streams and growth opportunities. CEO of Capital Appreciation, Brad Sacks unpacked the company's performance in greater detail with Business Day TV.
12/4/2023 • 12 minutes, 3 seconds
Listen! German and UK Real Estate market
Sirius Real Estate, owner of German and UK business parks says that these regions remain attractive for growth. The JSE and London Stock Exchange listed group’s CEO, Andrew Coombs joined Business Day TV for greater perspective on navigating the real estate market in these territories in the current economic climate.
12/4/2023 • 10 minutes, 27 seconds
Listen! SA's manufacturing landscape
After two consecutive months of decline, the Absa PMI has managed to rise by nearly 3 index points in November to a reading of 48.2. For more detail on what the reading suggests about the health of SA's manufacturing sector, Business Day TV spoke to Sello Sekele, Economist at Absa CIB.
Tiger Brands says its annual performance reflects a challenging trading environment market by high food inflation, cost-conscious consumers, a depreciating rand and unreliable electricity supply. Business Day TV spoke to the group's CEO Tjaart Kruger for more insight.
12/1/2023 • 8 minutes, 20 seconds
Listen! Grape exporters face a season of worry
South Africa's table grape industry is confronting a season of mounting concerns as port crises and power cuts continue to trigger equipment breakdowns and delays at Durban and Cape Town port terminals; resulting in millions of losses in export earnings. Business Day TV spoke to Business Day's Denene Erasmus for more detail on the story.
12/1/2023 • 7 minutes, 28 seconds
Listen! Falling metal prices weigh on PGM miners
PGM miners have been dealt many blows in 2023, including higher costs associated with load shedding and lower metal prices. Business Day TV caught up with the Head of PGMs & Chief Sustainability officer at Afriforesight, Deborah Chikukwa and she shared her outlook for the industry.
11/30/2023 • 7 minutes, 30 seconds
Listen! Is the collapse of NSFAS imminent
The SA Union of Students (SAUS) has sounded the alarm on the National Student Financial Aid Scheme (NSFAS) saying it is on the brink of collapse but NSFAS has refuted the claims. For more insight, Business Day TV spoke to NSFAS spokesperson Ishmael Mnisi.
11/30/2023 • 13 minutes, 38 seconds
Listen! Analysing Mozambique's political landscape post elections
Mozambique held local elections in early October but the results announced by the election commission threaten to spark a political crisis. Business Day TV spoke to Louw Nel, Senior Political Analyst at Oxford Economics Africa, for his take on the fraught political situation and its potential impact on the country's economy.
11/30/2023 • 7 minutes, 39 seconds
Listen! Pulling the plug: will NHI kill South African healthcare?
The National Council of Provinces is set to sign off on the National Health Insurance (NHI) Bill and this will allow the government to run with its plan for state administered healthcare. But critics says the system will fail to deliver even the most basic of healthcare services. Business Day TV spoke to Financial Mail editor, Rose Rose for more detail on the story.
11/30/2023 • 7 minutes, 32 seconds
Listen! COP28: SA needs R535bn a year to meet climate targets
Climate finance in SA needs to increase by up to fivefold if the country is going to meet its globally committed climate targets by 2023, according to the SA Climate Finance Landscape report released by the presidential climate commission. To unpack if this is possible, Business Day TV spoke to Happy Khambule, Environment & Energy Manager at Busa.
11/30/2023 • 8 minutes, 32 seconds
Listen! Vukile delivers 'exceptional' H1 results
Vukile Property Fund has described its half-year results as 'exceptional'. The commercial property group has posted a 5.2% rise in funds from operations and a 10% increase in its interim dividend, as it benefitted from a strong showing in both South Africa and Spain. Business Day TV discussed the performance with CEO Laurence Rapp.
11/29/2023 • 6 minutes, 30 seconds
Listen! COP28 kicks off in Dubai
The 28th session of the Conference of the Parties (COP28) is underway in Dubai. Business Day TV discussed COP28's prospects and challenges with Nigel Beck, Head of Sustainable Finance & ESG Advisory at RMB.
11/29/2023 • 6 minutes, 30 seconds
Listen! Unpacking why inflation is on the rise in Zimbabwe
Following a second revision of its inflation measure, Zimbabwe’s CPI jumped by nearly 22% in November from almost 18% previously. This defying the downward trend experienced after previous revisions. Business Day TV unpacked the detail of this with Development Economist, Prosper Chitambara.
11/29/2023 • 6 minutes, 33 seconds
Listen! Afrikanerbond backs multiparty charter's bid to oust ANC
Opposition parties, including the DA, IFP, and ActionSA, have formed a coalition, backed by the Afrikanerbond, aiming to unseat the ANC in the 2024 elections. This multiparty charter is committed to addressing issues like crime and corruption, by excluding collaboration with the ANC and EFF. Business Day TV spoke with journalist Thando Maeko for greater perspective on the move.
11/29/2023 • 8 minutes, 2 seconds
Listen! Is SA's tourism sector ready for the festive season?
With the festive season fast approaching, Business Day TV caught up with Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council SA for his take on whether the sector can shrug off the effects of load-shedding and make the most of the upcoming holidays.
11/29/2023 • 10 minutes, 6 seconds
Listen! Delta's funds from operations take a knock
Delta Property Fund has been hit by a double whammy. During its half year, the group had to deal with elevated interest rates and increased vacancy rates and this weighed on its performance, as funds from operations fell 11.1%. Business Day TV spoke to the CEO of Delta Property Fund Bongi Masinga for more insight.
11/28/2023 • 7 minutes, 46 seconds
Listen! Unpacking growth divergences in key African markets
African economies are displaying increasing growth divergences. To unpack the detail of this, Business Day TV caught up with Ridle Markus, SSA Macroeconomist at Absa CIB.
11/28/2023 • 7 minutes, 10 seconds
Listen! Could VW leave SA in its review mirror?
A senior Volkswagen executive has commented that he is 'very worried' about the future of the company's operations in South Africa given persistent power cuts and logistics challenges. Business Day TV spoke to Financial Mail Editor-at-Large, David Furlonger for his take on the situation and whether he believes the current challenges in SA would be enough to prompt VW to exit the country.
11/28/2023 • 8 minutes, 57 seconds
Listen! Why business is unhappy with the NHI bill process
Organised business has appealed to the National Council of Provinces (NCOP) to delay its vote on the National Health Insurance (NHI) Bill and send it back to parliament's select committee on health & social welfare so that MPs can relook it. The committee approved the bill last week without making any changes and Business Unity SA (Busa) and Business for SA (B4SA) believe this shows that the committee ignored the constitutional issues raised by four provinces and a wide range of stakeholders. For more insight on that, Business Day TV spoke to B4SA chair Martin Kingston.
11/28/2023 • 8 minutes, 46 seconds
Listen! Africa Energy Review 2023
According to PwC’s Africa Energy Review 2023, the continent’s energy transition journey is faring well and is on track to meet the Paris Agreement targets. Business Day TV explored the findings of the review in greater detail with Pedro Omontuemhen, Africa Oil & Gas Leader at PwC.
11/24/2023 • 6 minutes, 57 seconds
Listen! Rand rigging and the ANC’s trouble with numbers
The rand rigging scandal is back in the spotlight with reports citing that banks fingered in the ordeal bagged R1trn per day. The Financial Mail has however pointed out that the numbers do not add up and suggests that this is being politicized by the ruling party ahead of next year’s election. Business Day TV spoke to the publication's editor, Rob Rose for more detail.
11/24/2023 • 8 minutes, 32 seconds
Listen! Black Friday: The SA consumer
The year's biggest shopping event, Black Friday, is taking place in a tough economic climate where consumers are having to count every rand as high interest rates and elevated inflation eat into disposable incomes. Business Day TV spoke to Tumelo Ramugond, Head of Credit Card at Standard Bank for greater perspective on consumer spending trends during this period.
11/24/2023 • 8 minutes
Listen! MPC holds rates steady
The Monetary Policy Committee (MPC) has decided to keep the repo rate on hold at 8.25%. To unpack this decision, Business Day TV spoke to Koketso Mano, Senior Economist at FNB and Portfolio Manager for Fixed Income at Sanlam Investments, James Turp.
11/23/2023 • 26 minutes, 5 seconds
Listen! Investing in times of war
Investors have shied away from stocks that benefit from growing geopolitical conflicts. Trends have shown that investors have weighed markets wisdom against human morality in times of war; often investing in alignment with their human values. Business Day TV sits down with Jameel Ahmad, Chief Analyst for GTC Dubai to discuss investor sentiment during times of conflict.
11/23/2023 • 8 minutes, 59 seconds
Listen! KAL Group weathers tough trading conditions
Despite taking a R63m hit, related to costs associated with load shedding, KAL Group has managed to deliver upbeat earnings. During the full year period recurring headline earnings per share increased by 7.2%, boosted by a near 43% jump in revenue. Business Day TV unpacked the numbers with company CEO, Sean Walsh.
11/23/2023 • 7 minutes, 24 seconds
Listen! Cryptocurrency update | 23 Nov 2023
Business Day TV speaks to Tarris Arnold from Luno about the current trends playing out in the cryptocurrency market.
11/23/2023 • 5 minutes, 51 seconds
Listen! Nigeria's 2024-2026 Budget Framework
Nigerian President, Bola Tinubu's reform agenda is taking shape. The West African nation has passed its 2024-2026 medium-term expenditure framework tallying next year's budget and expected reform costs. As things stand, revenue of N17trn undershoots expected spend of N24trn for next year. Business Day TV spoke to Pieter Scribante, Senior Political Economist at Oxford Economics Africa for more detail.
11/23/2023 • 5 minutes, 47 seconds
Listen! Mkhwebane resists, but MPs vote for removal of two judges
Members of Parliament have voted for the removal of two judges in SA - John Hlophe and Nkola Motata. Hlophe was found guilty of misconduct for allegedly trying to influence the Constitutional Court in a matter involving former president Jacob Zuma. He continues to contest the findings in ongoing legal proceedings. Meanwhile, Motata, initially convicted of drunk driving in 2007 and later found guilty of misconduct, is facing renewed scrutiny after the Supreme Court of Appeal overturned a prior decision, ordering the Judicial Service Commission to recommend his removal. Business Day TV unpacked these proceedings in greater detail now with legal writer for Business Day, Tauriq Moosa.
11/23/2023 • 5 minutes, 47 seconds
Listen! Banking Transactions - Quinn leaves Absa for Nedbank
Jason Quinn is no longer an executive employee at Absa. He leaves the position of Financial Director at the lender after 7 years in the position to step into Nedbank's offices as CEO at the end of May next year. He will replace current Nedbank CEO MIke Brown. Business Day TV spoke to Banking Analyst and Portfolio Manager at Denker Capital, Kokkie Kooyman for his assessment of the move.
11/23/2023 • 8 minutes, 59 seconds
Listen! AI boom works in Nvidia's favour
Nvidia has beat analysts profit expectations, with third quarter earnings per share surging to $4.02. The performance comes as revenue more than tripled during the period, as the company continued to benefit from the artificial intelligence boom. Business Day TV unpacked the numbers with the Co-founder and CIO at Anbro Capital, Craig Antonie.
11/22/2023 • 8 minutes, 20 seconds
Listen! Africa tech: mobile money, remittances & earned wage access
Sub-Saharan Africa has roughly 144 mobile money operators. This indicative of the relationship between technology and the continent's unbanked population. Business Day TV explored the relationship in greater detail with Sisonke Mgwebi, Consultant at Frost & Sullivan with specific focus on earned wage access.
11/22/2023 • 18 minutes, 25 seconds
Listen! S&P holds its rating on SA but warns of risks
The S&P Global has maintained South Africa's rating but has warned of risks, anticipating slower economic growth and an increase in public debt. Editor-At-Large for Business Day, Hilary Joffe joined Business Day TV for a detailed analysis of the ratings agency's outlook.
11/22/2023 • 8 minutes, 38 seconds
Listen! Inflation hotter than expected at 5.9% in October
Food and fuel prices are responsible for yet another increase in the inflation rate. Inflation accelerated to a five-month high
of 5.9% in October from 5.4% the previous month. Kevin Lings, Chief Economist at Stanlib joined Business Day TV to unpack the print in greater detail.
11/22/2023 • 7 minutes, 35 seconds
Listen! Business confidence slips in Q4
Business sentiment slipped in the fourth quarter. The RMB/BER confidence index dropped by two points to 31 in the fourth quarter, largely due to a sharp deterioration in sentiment among new vehicle dealers. Business Day TV spoke to RMB Economist Siobhan Redford for more insight.
11/21/2023 • 5 minutes, 52 seconds
Listen! Banks under fire amid rand manipulation saga
In 2017, the competition Commission brought 28 banks under investigation for price fixing involving the rand. Standard Chartered Bank is the second institution to agree to settle with the Commission after the scandal was exposed. Business Day TV spoke to Andre Cilliers, Director & Currency Strategist at Treasury-One, and discussed what rand manipulation is, as well as its impact on the South African Economy.
11/21/2023 • 17 minutes, 12 seconds
Listen! African Bank's profit takes a knock
African Bank's earnings have come under pressure. Profit for the year slumped over 31% to R505 million, as the lender's bad debts rose. Business Day TV discussed the annual performance with Zweli Manyathi, Group Executive for Business Banking at African Bank.
11/21/2023 • 7 minutes, 32 seconds
Listen! Vodacom has master plan to win Africa's remittance market
Vodacom is set to unveil a strategic master plan as it looks to dominate the African remittance market. With a goal of turning their mobile platform into a competitive remittance hub, the telecoms company aims to challenge rivals by offering lower fees. Technology Correspondent for Business Day, Mudiwa Gavaza unpacked the company's plan with Business Day TV.
11/21/2023 • 7 minutes, 35 seconds
Listen! Telkom boasts bumper first half, issues cautionary
Telkom's interim headline earnings per share have grown by almost 47% thanks to lower depreciation charges and growth in core profit. The group has also announced that it is in exclusive negotiations with a consortium to sell its towers business. Business Day TV unpacked the detail of the group's financial and strategy with CEO Sermae Taukobong.
11/21/2023 • 6 minutes, 10 seconds
Listen! Netcare delivers 'robust' annual results
Netcare has shrugged off challenges resulting from the tough macroeconomic environment. The private healthcare group has delivered on all its operational and strategic targets over the past financial year, resulting in adjusted headline earnings per share jumping 27%. Business Day TV discussed the performance with Group CEO Richard Friedland.
11/20/2023 • 6 minutes, 35 seconds
Listen! Barloworld posts higher annual profit
Barloworld has delivered what it calls a pleasing annual performance. The diversified industrial group posted a 5.5% increase in headline earnings per share from continuing operations, citing strategy execution and better-than-expected trading. Business Day TV spoke to Group CEO Dominic Sewela for more detail.
11/20/2023 • 7 minutes, 39 seconds
Listen! Astral records first ever annual loss
Astral has taken a R2.1 billion hit on the back of costs associated with power cuts, water shortages and the recent avian flu outbreak. As such, profits came under pressure, resulting in the chicken producer reporting its first annual loss in its 23-year history. Business Day TV caught up with company CEO Chris Schutte for further insight on the performance.
11/20/2023 • 7 minutes, 37 seconds
Listen! PPC returns to profit during first half
PPC has returned to profit. The cement maker has posted headline earnings per share of 26 cents for the half year, from a loss of 5 cents previously. The results follow an improved performance across its markets despite a difficult trading environment. Business Day TV unpacked the results with PPC's CEO Roland van Wijnen.
11/20/2023 • 7 minutes, 29 seconds
Listen! Trade of the week - FirstRand, Richemont and Alibaba
Herenya Capital founder, Petri Redelinghuys provides technical analysis on FirstRand, Richemont and Alibaba.
11/20/2023 • 19 minutes, 22 seconds
Listen! Assessing CPI levels: Ghana, Nigeria and Botswana
Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB about consumer inflation data released by Nigeria, Botswana and Ghana.
11/20/2023 • 8 minutes, 39 seconds
Listen! Sasol AGM cancelled after disruption by protesters
Sasol had to cancel its AGM following disruption by protesters. Business Day TV spoke to Energy Writer for Business Day, Denene Erasmus for more detail.
11/20/2023 • 9 minutes, 52 seconds
Listen! Omnia's interim profit dips as fertiliser prices decline
Omnia has posted a 4% drop in interim profit due to lower fertiliser prices. Business Day TV unpacked the performance with the group's CEO Seelan Gobalsamy.
11/20/2023 • 10 minutes, 25 seconds
Listen! Emira's distributable earnings take a knock
Emira Property Fund has been hit by a triple whammy. During the interim period the property company had to deal with the effects of the sale of Enyuka Property Fund, high interest rates and downbeat income from its US investments. This resulted in an 18% decline in distributable earnings. Business Day TV unpacked the numbers with company CEO, Geoff Jennett.
11/16/2023 • 6 minutes, 16 seconds
Listen! Investec posts 15% jump in half-year headline earnings
Investec has reported an increase in its interim headline earnings per share of just over 15%, citing higher loan volumes, corporate deposits and funds under management. Business Day TV spoke to CEO Richard Wainwright for more detail.
11/16/2023 • 7 minutes, 50 seconds
Listen! Life Healthcare shareholders in for bumper payday
Life Healthcare's shareholders are in for a bumper payday once the firm manages to sell its UK-based diagnostic imaging services subsidiary Alliance Medical Group. Business Day TV caught up with Life Healthcare CEO Peter Wharton-Hood to discuss what still needs to happen with regards to that transaction and he also gave insight into the company's annual financial results.
11/16/2023 • 11 minutes, 19 seconds
Listen! Inside the logistics mess that Transnet created
Transnet's failings have pushed companies to make use of trucks with the number of trucks on South Africa's roads climbing 48%. But, road freight comes with its own challenges. To unpack the detail of the story, Business Day TV spoke to Financial Mail's Money Editor, Giulietta Talevi.
11/16/2023 • 6 minutes, 49 seconds
Listen! Dipula Income Fund delivers 'defensive' annual performance
Dipula Income Fund has reported an 1.8% increase in net property income and in an improvement in vacancy levels but this did not filter through to the REIT's bottom line as distributable earnings fell 6.9%. Business Day TV caught up with the company's CEO, Izak Petersen for further insight on the full-year performance.
11/15/2023 • 7 minutes, 54 seconds
Listen! SA retail sales improve in September
South Africa’s retail sales rose 0.9% in September, after nine consecutive months of decline. The increase was largely driven by higher sales of textiles, clothing, footwear and leather goods. Business Day TV unpacked the print with Siobhan Redford, Economist at RMB.
11/15/2023 • 5 minutes, 47 seconds
Listen! MultiChoice earnings hit by weaker local currencies, consumer pressure
MultiChoice has reported a 1% drop in interim revenue and a 5% fall in core headline earnings, citing foreign exchange volatility and consumer pressure. Business Day TV spoke to the Group CFO Tim Jacobs for more detail on the performance.
11/15/2023 • 9 minutes, 4 seconds
Listen! Kenya's increased taxes bear fruit
Business Day TV caught up with Daniel Kavishe, Africa Economist at RMB for a closer look at the changes in Kenya's tax regime and whether those efforts are bearing fruit for the East African nation.
11/15/2023 • 11 minutes, 3 seconds
Listen! Competition regulator’s forex-rigging case back in court
The Competition Commission's foreign exchange case is back in court, with the banks charging that the commission must show that all 28 institutions were part of the alleged conspiracy to manipulate the rand before the case can go ahead. Business Day's Editor-At-Large, Hilary Joffe has been closely following the developments and spoke to Business Day TV about the details of the case and its implications.
11/15/2023 • 7 minutes, 22 seconds
Listen! Sasol faces mounting criticism for 'lack of clarity' on greenhouse gas emissions
Sasol has faced shareholder pushback for its perceived lack of clarity on greenhouse gas emissions. Business Day TV spoke to Graeme Körner from Körner Perspective about his expectations for Sasol's upcoming AGM.
11/14/2023 • 8 minutes
Listen! Stor-Age posts growth in dividend despite tough conditions
Growing demand in the self storage space has worked in Stor-Age's favour. During the interim period the group recorded a 2.2% increase in its dividend per share, boosted by a 16.9% jump in property revenue. Business Day TV unpacked the company's results with CEO Gavin Lucas.
11/14/2023 • 9 minutes, 52 seconds
Listen! Export rules do not exclude white farmers from exporting to the EU, UK
Recent media reports suggest that South African farmers that fail to meet BEE requirements may face export restrictions to the EU and UK but industry bodies have refuted these claims. Denene Eramsus, Business Day writer joined Business Day TV to discuss this in greater detail.
The African Continental Free Trade Area agreement is hailed as the biggest free trade accord in the world. As trade agreements start taking shape on the continent, Michael Muhangi, Head of Trans-Regional Clients, Africa Regions for Business and Commercial Banking at Standard Bank Group joined Business Day TV to explore the opportunities linked to continental integration and how financial institutions need to position themselves to fund intra-Africa trade.
11/14/2023 • 6 minutes, 57 seconds
Listen! Employment levels improve marginally in Q3
South Africa’s labour market registered 399,000 additional jobs in the third quarter. With nearly 17 million people employed during the period, the official unemployment rate now sits at 31.9%, down from 32.6% previously. Business Day TV unpacked the print in greater detail with Nthabiseng Moleko, Economist at Stellenbosch Business School.
11/14/2023 • 9 minutes, 17 seconds
Listen! Altron reports 'pleasing' results boosted by core continuing operations
Altron's reported improved half-year revenue and profitability from continuing operations. Business Day TV spoke to the firm's group CEO, Werner Kapp, to unpack the company's interim performance.
11/13/2023 • 5 minutes, 56 seconds
Listen! Diversification strategy gives Raubex a boost
Raubex has reported double-digit profit growth in the six months to August. The firm says this is largely due to the diversity of its operations which helped it weather difficult macroeconomic conditions. Business Day TV caught up with Raubex CEO, Felicia Msiza for more detail.
11/13/2023 • 6 minutes, 52 seconds
Listen! Where to next for Africa's telecoms sector
Africa's telecoms sector is expected to grow at an annual growth rate of 4.6%. To discuss what will drive this growth and for a closer look at the opportunities and challenges for industry players, Business Day TV spoke to Arthur Goldstuck from World Wide Worx.
11/13/2023 • 8 minutes, 6 seconds
Listen! How could SA's immigration laws be overhauled?
The department of home affairs has proposed that the government review the international treaty concerning refugee protection as it proposes the biggest overhaul of South Africa's immigration in a generation. To unpack the detail of the potential changes, Business Day TV spoke to Companies and Markets Editor at Business Day, Kabelo Khumalo
11/13/2023 • 8 minutes, 40 seconds
Listen! Unpacking Vodacom's interim results
Vodacom has reported a drop in its interim operating profit as it's had to shoulder the start-up losses of its operations in Ethiopia but the mobile phone operator says its investments there will pay off. Business Day TV spoke to the firm's CEO Shameel Joosub for more detail.
11/13/2023 • 9 minutes, 29 seconds
Listen! Africa's entertainment & media industry poised for growth
Revenue from South Africa, Kenya and Ghana’s entertainment industry is projected to grow at a 5.5% compound growth annual rate between now and 2027. That’s according to PwC’s latest Africa Entertainment & Media Outlook 2023–2027 report. The company’s Africa Entertainment and Media Leader, Alinah Motaung joined Business Day TV for more insight into the report and its findings.
11/10/2023 • 6 minutes, 51 seconds
Listen! JSC explains lack of recommendations for Supreme Court of Appeal posts
The Judicial Service Commission has come under fire for not appointing qualified candidates for Supreme Court of Appeal seats. The JSC sought to recommend candidates to fill judicial vacancies at the SCA, the Gauteng High Court, the labour court and others but it has only recommended two names for the SCA’s four vacancies. Business Day TV spoke to Tauriq Moosa, a legal writer for Business Day for more detail.
11/10/2023 • 8 minutes, 51 seconds
Crypto chat - 09 Nov 2023
Business Day TV speaks to Tarris Arnold, Business Development Manager at Luno, about the activity playing out in the crypto scene.
11/9/2023 • 5 minutes, 27 seconds
Listen! Ford bets on South Africa
Ford is investing over R5 billion at its Silverton plant in South Africa. The funds will go towards building the country's first ever plug-in electric hybrid Ranger. Business Day TV caught up with the President for Africa at Ford Moter Company, Neale Hill for further insight on these plans
11/9/2023 • 7 minutes, 49 seconds
The Big Idea - 2023 AGOA forum
We unpack the aftermath of the 2023 AGOA forum, delving into the possibility of an improved AGOA from the U.S. We explore the impact on both the U.S. and Africa, touching on issues like human rights and geopolitical intricacies. Dr. Gideon Chitanga from Wits University's African Centre for the Study of the United States shares insights on diverse perspectives, including calls for early renewal and the uneven benefits across the continent.
11/9/2023 • 10 minutes, 7 seconds
Listen! Ghana's cost-of-living and debt crisis
Roughly a month post protests in Ghana against the cost-of-living crisis, inflation has eased to a year low of 38%. The West African nation has also reached a staff-level agreement on the first review of a $3 billion loan programme paving the way for a disbursement of $600 million. Leeuwner Esterhuysen, Economist at Oxford Economics Africa joined Business Day TV with his outlook on Ghana's economy
11/9/2023 • 9 minutes, 2 seconds
Listen! Kholeka Gcaleka: carrying the weight of a nation's expectations
The Public Protector House in Pretoria, marked by remnants of Busisiwe Mkhwebane's controversial tenure, reflects a tumultuous past. As Advocate Kholeka Gcaleka steps in, questions arise about her alignment with predecessors Thuli Madonsela or Mkhwebane. The youngest in the position, Gcaleka faces scrutiny over her political journey and proposed office reforms. Natasha Marrian from Financial Mail spoke with Business Day for an in-depth discussion on leadership expectations.
11/9/2023 • 8 minutes, 32 seconds
Listen! Sappi posts lower annual profit
Tough trading conditions and an underwhelming Chinese recovery have weighed on Sappi. In this environment the paper and packaging group posted a near 62% decline in headline earnings per share but its maintained its dividend at 15 cents. Business Day TV unpacked the results in greater detail with company's CEO, Steve Binnie.
11/9/2023 • 7 minutes, 55 seconds
Listen! Trends playing out in bonds and ETF market
Monetary policy has tuned investor sentiment, leading to various sharp movements in ETF and the bond markets. Business Day TV spoke to Kelin Pottier, Solution Strategist at 10X Investments, for more detail on the investment trends being observed.
11/8/2023 • 6 minutes, 16 seconds
Listen! Lesaka delivers improved Q1 performance
Lesaka Technologies has delivered an improved first quarter performance. The firm has posted a 19% rise in revenue and managed to narrow its net loss by 42% to R105 million. This was boosted by its fintech business. Business Day TV spoke to CEO Chris Meyer for more insight.
11/8/2023 • 6 minutes, 35 seconds
Listen! MTN to leave Afghanistan before end of year
MTN is planning to leave Afghanistan by the end of the year as part of its larger strategy to withdraw from the Middle East area, which includes countries like Syria, Yemen, and Iran. Afghanistan represented 2% of MTN's customer base, and there are ongoing discussions regarding the possibility of exiting smaller operations in West Africa. Business Day TV spoke to Business Day's Technology Correspondent, Mudiwa Gavaza for more detail on MTN's strategic changes.
11/8/2023 • 7 minutes, 38 seconds
Listen! Tech’s role in driving sustainability in Africa
As the world’s second most populous continent, Africa’s adoption of digital technologies has been hailed as robust with the potential to drive economic growth and sustainability. Business Day TV spoke to Ciara McDonald Hefferman, Conference Producer for the Africa Tech Festival for more insight into tech’s role in driving sustainability in Africa.
11/8/2023 • 5 minutes, 31 seconds
Listen! NHI Bill: Section 33 in focus
Public hearings on the NHI Bill have been concluded. Medical aid schemes are still unhappy about Section 33 of the legislation which excludes the schemes. Business Day TV spoke to Alex van den Heever, Health Care Governance Expert from Wits University for his take on Section 33 of the Bill.
11/8/2023 • 9 minutes, 59 seconds
Listen! Rand reaches three- month high
The rand has remained steady and hit a three-month high in November, as investors turned back to riskier assets after the Fed kept rates unchanged. Business Day TV unpacked the moves playing out in the currency scene with RMB's Forex sales trader, Keenan Moses.
11/7/2023 • 7 minutes, 52 seconds
Listen! Q3 Gold Trends
According to the World Gold Council, gold demand has reached a new record in the third quarter, largely driven by central bank buying. John Reade, the World Gold Council’s Chief Market Strategist joined Business Day TV with more detail on the findings of the third quarter gold trends demand report.
11/3/2023 • 9 minutes, 15 seconds
Listen! Will the ANC boot out the mayoral system?
The ANC is contemplating a significant shift in how local government operates, moving towards a more collaborative leadership approach. This decision coincides with the ANC's intention to end its partnership with the EFF, which has sparked worries among both investors and opposition party members. Business Day TV unpacked this political landscape in greater detail with Financial Mail's Natasha Marrian.
11/3/2023 • 4 minutes, 15 seconds
Listen! AGOA developments with Standard bank
Business Day TV has been keeping track of the 20th US-SSA Agoa Forum. Philip Myburgh, Head of Trade, Business and Commercial Banking joined the channel with insight into the themes dominating conversations to fast-track trade between the regions.
11/3/2023 • 7 minutes, 53 seconds
Big Idea - MTBPS: examining key challenges & SA's economic outlook
The Medium-Term Budget Policy Statement has shed light on the critical fiscal challenges facing South Africa and the latest budget data paints a grim picture, due to a significant underperformance in revenue collections and soaring expenditure projections for 2023/24. Business Day TV unpacked the fiscal issues, and analysed their potential impact on South Africa's economic future with Gina Schoeman, Chief Economist and Head of Research at CEEMEA Economics, and Annabel Bishop, Chief Economist at Investec.
11/2/2023 • 18 minutes, 3 seconds
Listen! Karpowership passes regulatory milestone
Karpowership SA has received environmental authorisation from South Africa's government to proceed with plans to moor floating gas power ships in the port of Richards Bay. The approval means the firm can kick-start the process of providing the economy with 1.2 gigawatts of much-needed electricity. Business Day TV spoke to Zeynep Harezi, COO of Karpowership for more detail.
11/2/2023 • 7 minutes, 55 seconds
Listen! Godongwana underscores tough love for sickly SOEs
Finance Minister Enoch Godongwana has outlined a stringent approach to state-owned enterprises in the latest Medium-Term Policy Budget Speech. He has tightened conditions for Eskom's debt relief and insists that a Transnet bailout depends on the government's new logistics sector roadmap. Business Day TV spoke to Hilary Joffe, Editor at Large for Business Day for more insight.
11/2/2023 • 8 minutes, 22 seconds
Listen! Business & Commercial Banking overview of AGOA
Bill Blackie, Chief Executive of Business & Commerical Banking at Standard Bank
joined Business Day TV with a business and commercial banking overview of the 20th
US-SSA Africa Growth and Opportunity Act forum.
11/2/2023 • 8 minutes, 13 seconds
Listen! Business' reaction to MTBPS
Finance Minister Enoch Godongwana has delivered the medium-term budget policy statement and outlined a strategy that aims to narrow the budget deficit, stabilise debt and ensure fiscal sustainability. Business Day TV unpacked the business community's reaction to the MTBPS with Business Leadership South Africa's CEO, Busi Mavuso.
11/1/2023 • 10 minutes, 16 seconds
Listen! Airline industry steadily recovers from Covid-19
The airline industry has seen a steady recovery from Covid-19. According to data from the international Air Transport Association, total traffic reached over 90% of pre-pandemic levels this year as demand for air travel picked up. Business Day TV spoke to Marjan Rintel, the CEO of KLM Royal Dutch Airlines, for more insight.
11/1/2023 • 10 minutes, 39 seconds
Listen! Godongwana maintains Treasury's prudent stance of fiscal consolidation
Finance Minister Enoch Godongwana has presented the 2023 medium-term budget policy statement and has maintained Treasury's prudent stance of fiscal consolidation in the face of a revenue shortfall of R57 billion this year. Business Day TV unpacked the MTBPS with Sars Commissioner, Edward Kieswetter.
11/1/2023 • 7 minutes, 51 seconds
Listen! Constitutional court slams government for delay in fixing immigration law
The Constitutional Court has delivered a verdict on South Africa's immigration law management, calling for swift protection of suspected illegal immigrants' rights and scrutinizing the Department of Home Affairs. The court says government must enact new immigration laws within a year, with high-ranking officials facing financial repercussions for their "deplorable lethargy." Business Day TV discussed this ruling in greater detail with legal writer for Business Day, Tauriq Moosa.
11/1/2023 • 9 minutes, 26 seconds
Listen! Absa PMI has poor start to Q4
The Absa PMI has fallen deeper into contraction territory in October coming in at 45.4 index points from an upwardly revised 46.21 previously. The biggest drag on the reading came from the business activity index as weak demand persists. Business Day TV spoke to Andiswa Nondudule, Economist at Absa for her analysis of the print.
11/1/2023 • 7 minutes, 24 seconds
Listen! Octodec's income stumbles amid economic strains
Octodec has reported a 2.2% drop in annual distributable income per share as the owner of properties in Johannesburg and Tshwane feels the pinch of elevated interest rates, inflation and greater energy and fuel costs. Despite this, the group has hiked its annual dividend by nearly 4%. Business Day TV unpacked the performance in greatrer detail with company's FD, Anabel Vieira.
11/1/2023 • 7 minutes, 55 seconds
Listen! Eskom's annual loss doubles
Eskom has slipped deeper into the red. The power utility's annual loss has doubled to R24 billion, as energy sales declined 5% and costs relating to diesel to run open-cycle gas turbines jumped 50%. Business Day TV discussed the performance with Eskom's acting CEO, Calib Casim.
10/31/2023 • 7 minutes, 48 seconds
All eyes on MTBPS
Finance minister Enoch Godongwana will present the 2023 medium-term budget policy statement in parliament tomorrow against a backdrop of low economic growth and high government debt. Business Day TV previewed the MTBPS with Siobhan Redford from RMB.
10/31/2023 • 5 minutes, 58 seconds
Listen! Synergies between BRICS and AfCFTA in SA
South Africa has long been punted as the gateway to Africa. Business Day TV explored this in detail with Frost & Sullivan consultant, Yaa Ngonyama and looked specifically at how the country's inclusion in the BRICS grouping as well as the advent of the African Continental Free Trade Act (AfCFTA) can help support this position.
10/31/2023 • 9 minutes, 51 seconds
Listen! Grindrod Bank faces lawsuit over alleged failure to report fraud
Grindrod Bank is facing a R100m lawsuit over its alleged failure to report fraud. Business Day TV spoke to Business Day's companies and markets editor, Kabelo Khumalo for more insight into the intricacies of the story.
10/31/2023 • 4 minutes, 57 seconds
Listen! Previewing the AGOA Forum with Standard Bank CIB
African leaders, US representatives, and the private sector will be gathering at Nasrec in Johannesburg on November 2 to attend The AGOA Business Forum. This forum will explore ways for Sub-Saharan African countries to build industrial capacity and regional value chains to take advantage of the African Growth and Opportunity Act (AGOA) – a trade programme initiated by the United States to foster greater economic ties with Sub-Saharan Africa by allowing preferential access to the US market through tariff-free exports. Standard Bank is a key sponsor of the forum and the bank's CEO for Corporate and Investment Banking, Kenny Fihla spoke to Business Day TV about the success and importance of AGOA ahead of the event.
Adcorp has weathered tough trading conditions. The workforce firm delivered a 10.2% rise in revenue and a 34% jump in headline earnings per share from continuing operations. The performance allowed it to hike its dividend by 31.9% to 16.1 cents. Business Day TV caught up with company's CEO, John Wentzel for a look at the half year that was.
10/30/2023 • 6 minutes, 51 seconds
Listen! How SA can capitalise on AGOA
South Africa will be looking to get more from its trade ties with the US, as the nation prepares to host the African Growth and Opportunity Act Forum. Business Day TV spoke to Stanlib's Chief Economist, Kevin Lings about how South Africa can capitalise on the AGOA Forum.
10/30/2023 • 8 minutes, 13 seconds
Listen! SA beats New Zealand to win 4th Rugby World Cup
With their sights set on victory, the Springboks' relentless determination earned them a historic fourth championship, overcoming tough odds. In an intense final, they secured a 12-11 win against arch-rivals New Zealand, proving their indomitable spirit. Mark Keohane, the Sunday Times' rugby columnist, joined Business Day TV to discuss this remarkable achievement.
10/30/2023 • 7 minutes, 53 seconds
Listen! Cost-of-living crisis weighs on South African consumers
Cash-strapped South Africans have been advised to keep their spending in check amid the Rugby World Cup cheer. The advice seeks to ensure healthy spending habits amid a tough economic environment. Business Day TV discussed this with Consumer Financial Education Specialist at Momentum Metropolitan, Claire Klassen.
10/27/2023 • 7 minutes, 41 seconds
Listen! Is there a R459bn pot of gold at the end of SA’s rainbow?
South Africa faces a financial conundrum, with a R459 billion reserve in the central bank. Deciding how to utilize this significant resource amid fiscal challenges and rising borrowing costs has become complex. Business Day TV spoke with Peter Bruce from Financial Mail who discussed the need to address South Africa's foundational economic issues for a lasting solution.
10/27/2023 • 6 minutes, 49 seconds
Listen! Retail sector trends in Africa
Africa has 54 diverse countries but there are similar retail sector trends that have emerged across borders. Business Day TV spoke to Marc Du Toit, Head of Retail at Knight Frank Uganda for more insights on those trends and how it’s shaping the future of the industry on the continent.
10/27/2023 • 9 minutes, 17 seconds
Listen! Gearing up for Black Friday: Consumer Insights
South African retailers are expected to ring up nearly R27bn in additional turnover this Black Friday. General dealers and clothing retailers will bag most of the gains, according to the Bureau of Market Research. Business Day TV spoke to Gerhard Le Roux, Head of Capital Growth at Capital Connect for more insight into the consumer retail market ahead of the big spending period.
Afrimat's diversification strategy is paying off. During the interim period the building materials and construction company delivered a near 10% jump in revenue and a 4.4% rise in headlines earrings per share. Business Day TV unpacked the numbers with company's CEO, Andries van Heerden.
10/26/2023 • 6 minutes, 47 seconds
Listen! Demand dynamics in the oil market
The Middle East war has weighed on demand dynamics in the oil market, and consensus among experts is that global oil, gas and coal demand should peak by 2030. Business Day TV spoke to RMB's Commodities Trader Raymond Philips for more insight.
The crypto market rally is picking up pace, with Bitcoin surpassing the $30,000 mark. The positive momentum comes as investors digest upbeat developments on the Bitcoin ETF. Business Day TV discussed this with the South Africa Country Manager at Luno, Christo de Wit
10/26/2023 • 5 minutes, 22 seconds
Listen! Clicks posts higher annual profit
Clicks has posted higher year-end profit. The retailer has reported an 11.5% rise in adjusted diluted headline earnings per share, despite a tough trading environment. Business Day TV spoke to Group CEO Bettina Engelbrecht for more detail on Clicks’ annual performance.
10/26/2023 • 7 minutes, 18 seconds
Listen! The Big Idea - Illegal mining in South Africa
Illegal mining in South Africa has grown from a localized problem to a nationwide criminal syndicate, affecting the economy. Mining companies often downplay its extent. This issue prompts questions about governance, mining protocols and prevention measures. Business Day TV unpacked this complex issue with mining analyst, David Van Wyk and Tebello Chabana who is the Senior Executive for Public Affairs & Transformation at Minerals Council SA
10/26/2023 • 18 minutes, 3 seconds
Listen! Hydrocarbon project delays weigh on Senegal’s growth
Senegal was pegged to be one of Africa’s fastest growing economies in 2023, boosted by hydrocarbon projects. Several of these have been postponed weighing on that growth potential. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day TV for a closer look at the hydrocarbon ventures that have been delayed and how it impacts Senegal’s growth.
10/26/2023 • 5 minutes, 42 seconds
Listen! High interest rates, inflation and load-shedding weigh on Balwin
Specialist residential property developer Balwin is having a tough time navigating a trading environment characterised by high interest rates and elevated inflation which has led to fewer properties being sold and a 25% fall in interim revenue. Business Day TV unpacked the performance in greater detail with the company’s CEO, Steve Brookes
10/26/2023 • 8 minutes, 2 seconds
Listen! Exploring reforms at the PIC
The Public Investment Corporation, with R2.6 trillion in assets, is under the leadership of CEO Abel Sithole, who is working to transform the organization after governance issues. Business Day TV delves into whether the PIC has overcome political influence challenges as well as its role in the financial landscape with Financial Mail's Rob Rose.
10/26/2023 • 8 minutes, 43 seconds
Listen! Foreign appetite for SA residential properties picks up
Foreign appetite for South African residential properties has picked up, with the Western Cape seeing the most of that demand. Business Day TV discussed the trend being observed with Hayley Ivins Downes, Head of Digital at Lightstone Property.
10/25/2023 • 7 minutes, 31 seconds
Listen! State of SA's manufacturing sector
South Africa's manufacturing sector has been on a downward trend for 16 years, according to Stats SA, with the industry shedding almost 309,000 jobs over the period. So, what can get the cogs turning again? To find out Business Day TV spoke to Philippa Rodseth from the Manufacturing Circle.
10/25/2023 • 8 minutes, 55 seconds
Listen! Dovish' deputy governor Kuben Naidoo resigns from reserve bank
The Deputy Governor of the South African Reserve Bank, Kuben Naidoo, has resigned, creating an opportunity for President Cyril Ramaphosa to appoint new leadership at the Reserve Bank before the 2024 elections. The resignation, while not officially confirmed by the Bank and the presidency, may come into effect in November. Business Day spoke with Editor At Large for Business Day, Hilary Joffe on this development and its potential implications for the MPC.
10/25/2023 • 8 minutes, 53 seconds
Listen! The unforeseen costs of going off grid
The income that Eskom and municipalities earn from electricity sales has taken a knock amid a rapid uptake of alternative energy solutions. Eskom meanwhile is exploring feed-in tariffs to overcome the potential losses. Business Day TV spoke to Tshepo Kgadima, Independent Economic & Energy Analyst about the move to alternative power, and the impact it has on the utility and consumers.
10/24/2023 • 13 minutes, 9 seconds
Listen! Rising costs bite into Famous Brands profits
Higher costs weighed on Famous Brands half-year performance. Headline earnings per share fell 7.4%, as input costs rose due to load-shedding and a poor potato harvest. Business Day TV spoke to CEO Darren Hele for more detail.
10/24/2023 • 9 minutes, 14 seconds
Listen! RAF sticks to its guns on excluding foreigners from claiming
South Africa's Road Accident Fund has put forward a new draft proposal Bill which seeks to exclude foreign nationals from claiming from the fund. Business Day TV spoke to Vusumuzi Sibanda, President of the African Diaspora Global Network, who argues that foreigners pay indirect taxes and should therefore not be excluded from the compensation fund if injured on SA's roads.
10/24/2023 • 7 minutes
Listen! SCA overturns R92m land restitution settlement offer
The Supreme Court of Appeal has invalidated a compensation proposal of R92 million for claimants seeking land restitution. This setback occurs in the context of South Africa's ongoing land reform initiative, which strives to return land to historically dispossessed communities. Business Day TV delved deeper into this ruling with legal writer for Business Day, Tauriq Moosa.
10/24/2023 • 8 minutes, 15 seconds
Listen! Digging through Kumba and Amplats' Q3 data
Kumba Iron Ore's sales for the third quarter fell 12% year-on-year, as the miner battled equipment breakdowns at the Transnet managed Saldanha Port. Anglo American Platinum meanwhile meantime posted a 9% fall in production during the period as load-shedding weighed. Business Day TV unpacked the data in greater detail with Mining Analyst, Peter Major.
10/24/2023 • 7 minutes, 55 seconds
Listen! Is a rate hike on the cards?
Taming inflation has proven to be tough, with consumer prices accelerating to 5.4% in September. This has raised concerns about a possible interest rate hike next month, as inflation sits at the upper end of the Sarb's target range. Business Day TV caught up with Investment Strategist at Old Mutual Wealth, Izak Odendaal to discuss South Africa's monetary policy.
10/23/2023 • 6 minutes, 20 seconds
Listen! SA set to overtake Nigeria's as Africa's biggest economy
South Africa is set to overtake Nigeri and Egypt as the continent's largest economy next year, according to the International Monetary Fund. But SA is likely to only hold onto this top spot for a year. For more detail, Business Day TV spoke to Razia Khan from Standard Chartered Bank.
10/23/2023 • 9 minutes, 20 seconds
Listen! Springboks make it to the final by the skin of their teeth
In a gripping rugby showdown, England and South Africa clashed in a high-stakes match, with England initially leading but the Springboks making a late comeback. This nail-biting action saw penalties, tries and scrum power deciding the outcome; leaving England's fate hanging in the balance. To discuss all the action, Business Day TV spoke to Sunday Times' rugby columnist Mark Keohane.
10/23/2023 • 7 minutes, 35 seconds
Listen! Explosives-based crime costs the economy tens of billions
Smuggled explosives and blasting experts imported by criminal syndicates have become key enablers of crime in South Africa. At least one armoured car heist and one cash machine bombing takes place in the country every day, while explosives are also used in illegal mining. These activities cost the economy tens of billions of rand a year. Business Day TV discussed this in more detail with Willem Els from the Institute of Security Studies
10/23/2023 • 7 minutes, 22 seconds
Listen! Africa’s green hydrogen opportunities
During the second Green Hydrogen Summit, partnerships like Sasol, Amplats, and BMW collaborated on South Africa's first hydrogen vehicle, underlining green hydrogen's importance for decarbonization and Africa's potential leadership in its production. Business Day TV spoke to Patrick Prestele, a Consultant at Frost and Sullivan, spoke about Africa's green hydrogen opportunities.
10/20/2023 • 9 minutes, 15 seconds
Listen! SA’s buy-now-pay-later landscape
South Africa's buy-now-pay-later sector boomed during the pandemic, and has a projected cumulative annual growth rate of 35% between 2022 and 2027. Business Day TV spoke to Happy Pay's CEO, Wesley Billett, about the industry's trends and its implications for the credit system.`
10/20/2023 • 8 minutes, 22 seconds
Listen! The rise of the A2X stock exchange
A2X, which began trading in October 2017, provides a secondary listing platform for companies. It has 170 listings, which includes firms like MTN, Absa, Naspers, Prosus, Business Day TV discussed the rise of the A2X stock exchange with CEO Kevin Brady.
10/19/2023 • 8 minutes, 44 seconds
Listen! Investing in a volatile environment
It has been a tough year for equity markets globally and the JSE has felt the pressure as well, with the All Share falling 2.3% year to date. Business Day spoke to Anchor's Co-Chief investment officer, Nolan Wapenaar about where to invest in a volatile environment.
10/19/2023 • 7 minutes, 49 seconds
Listen! Focus on junior mining
On this episode of the Big Idea, we take a look at the junior mining sector with mining analyst, Peter Major and Fred Arendse, the founder of the junior mining council.
10/19/2023 • 16 minutes, 17 seconds
Listen! Tunisia's economy minister sacked amid IMF rescue scheme
Tunisia's president has sacked the country's economy minister after he stated that a deal with the International Monetary Fund would be vital for the country to obtain other foreign financing. President Kais Saied strongly opposes the terms of an IMF agreement, saying that the conditions will lead to protests. For more detail, Business Day TV spoke to Pieter du Preez, senior economist at Oxford Economics Africa.
10/19/2023 • 9 minutes
Listen! Why the US is considering a 20-year AGOA extension
US Senator John Kennedy is pushing for an extension of the African Growth and Opportunity Act |(AGOA) until 2045 in an effort to counter China's growing influence in the region. Business Day TV spoke to Business Day journalist, Thando Maeko for more perspective on the move.
10/19/2023 • 8 minutes, 23 seconds
Listen! Higher interest rates continue to squeeze household finances
High interest rates continue to squeeze household finances, according to the Altron FinTech Household Resilience Index, and this could weigh on spendding over the upcoming festive period and on popular shopping days like Black Friday. Business Day TV discussed this in detail with independent analyst, Roelof Botha.
10/19/2023 • 8 minutes, 12 seconds
Listen! SA retail sales down 0.5% in August
South African retail Sales declined by 0.5% year-on-year in August. This marks the ninth consecutive month of decline in retail activity. Business Day TV discussed the print with RMB Economist, Siobhan Redford.
10/18/2023 • 6 minutes, 32 seconds
Listen! Pick n Pay records first ever interim loss
Pick n Pay has slipped into the red. The retailer has reported a headline loss per share at 138 cents, mainly due to increased competition and costs associated with load shedding. Business Day TV unpacked the retailer's interim performance with CEO Sean Summers.
10/18/2023 • 8 minutes, 22 seconds
Listen! Consumer inflation accelerates to 5.4%
Consumer inflation has quickened to 5.4% year on year in September from 4.8% the previous month. This marks the second consecutive month that inflation has accelerated. To find out how the latest print could factor into the reserve bank's decision making process on interest rates, Business Day TV spoke to Stanlib chief economist, Kevin Lings.
10/18/2023 • 9 minutes, 32 seconds
Listen! Amazon to launch in SA in 2024
Amazon has announced that it will launch a South African store in 2024. This will provide local businesses with the chance to sell their products on Amazon.com. Business Day TV spoke to Business Day reporter Mudiwa Gavaza about the risk and opportunities that come with the move.
10/18/2023 • 9 minutes, 5 seconds
Listen! SA's universal healthcare plan in focus
The Health and Allied Workers Indaba Trade Union has called for the implementation of the National Health Insurance. Business Day TV spoke to Rich Sacini, President for HAITU about the NHI Bill and what the union believes its implementation would mean for South Africa's healthcare sector.
10/17/2023 • 9 minutes, 44 seconds
Listen! Primary Health Properties eyes JSE listing
Primary Health Property is preparing for a secondary listing on the JSE. This is the second company to list on the JSE so far this year and comes as the delisting trend continues to gain traction. Business Day TV unpacked the merits of the move with CEO, Harry Hyman.
10/17/2023 • 8 minutes
Listen! SA's upstream Petroleum Bill could do better
Webber Wentzel partner, Jonathan Veeran believes South Africa's Upstream Petroleum Development Bill is problematic and it's taking too long to develop. Business Day TV discussed this in detail with Veeran
10/17/2023 • 7 minutes, 46 seconds
Listen! SA finance minister caught between a rock and a hard place
The medium-term budget policy statement will be presented by Finance Minister Enoch Godongwana on November 1. In the lead up to this, Ninety One has commented that Godongwana is caught between a rock and a hard place as revenue weakness persists and spending pressures mount. For more detail, Business Day TV spoke to Ninety One fixed income analyst Sisamkele Kobus.
10/17/2023 • 7 minutes, 36 seconds
Listen! Transnet confirms long delays
Transnet's slow progress in implementing private sector partnerships at its ailing port and rail facilities has been revealed. The new partner for the Durban container terminal is set to commence operations no earlier than April 2024, and no contract has been signed for a private rail deal announced a year ago. Business Day TV unpacked the details of the story with editor at large for Business Day, Hilary Joffe.
10/17/2023 • 7 minutes, 13 seconds
Listen! Renergen's share price recovers
Renergen faced backlash on social media, which sent its share price falling. But it has since recovered after the natural gas and helium producer released a statement, addressing investors' concerns which linked the group to companies that were involved in state capture. Business Day TV discussed this in detail with Renergen CEO, Stefano Marani
10/16/2023 • 9 minutes, 3 seconds
Listen! Amplats, Sasol and BMW ink green hydrogen deal
South Africa is home to 40% of the world's supply of platinum and palladium and around 80% of the platinum group metals - which are key components in the production of green hydrogen. This further makes Anglo American Platinum well positioned to take advantage of the potential demand, and it has therefore partnered with BMW and Sasol to bring a green hydrogen-powered electric car to South Africa. Business Day TV discussed the merits of the deal with Amplats' Executive head of Projects, Prakashim Moodlier.
10/16/2023 • 6 minutes, 59 seconds
Listen! Trade of the week - AB InBev, British American Tobacco and Cashbuild
Unum Capital's Loyiso Mpeta delves into some of the stocks you should be watching such as AB InBev, British American Tobacco and Cashbuild.
10/16/2023 • 18 minutes, 20 seconds
Listen! Investment trends and opportunities in Africa’s energy market
The Paris Agreement targets net-zero emissions by 2050. In order for Africa to meet this target, investment into the energy sector must double to $200bn per year by 2030. With Africa Energy Week underway, Business Day TV spoke to Verner Ayukegba, Senior VP of the African Energy Chamber for more insight into investment trends and opportunities in Africa’s energy market.
10/16/2023 • 9 minutes, 36 seconds
Listen! Springboks advance to RWC semi-finals
In a Sunday evening blockbuster, South Africa beat the French national team by 29 to 28 in a nail-biting and heart-stopping battle that had supporters on the edge of their seats. To unpack the action, Business Day TV spoke to Sunday Times rugby columnist, Mark Keohane.
10/16/2023 • 7 minutes, 59 seconds
Listen! Calgro M3 boasts near 37% jump in H1 HEPS
Affordable housing and memorial parks developer Calgro M3 has described its half-year performance as robust. The group has delivered a 13.5% in revenue thanks to improved selling prices in a constrained environment. But despite the improvement, no dividend has been declared. Business Day TV unpacked the performance in greater detail with company’s CEO, Wikus Lategan.
10/16/2023 • 7 minutes, 9 seconds
Listen! Africa’s Just Energy Transition Journey
The Paris Agreement targets net-zero emissions by 2050 and in the rush to get there, questions about what a just energy transition looks like for Africa have come to the fore. This as the continent is only responsible for 4% of global carbon emissions. Jenny Botes, Africa Energy and Chemicals Sector Leader for Deloitte Africa joined Business Day TV with her analysis of what Africa needs to transition in a just manner.
10/13/2023 • 7 minutes, 21 seconds
Listen! Lipstick effect: SA’s beauty industry
The lipstick effect suggests that when consumers face tough economic times, they are likely to switch from buying expensive luxury items to buying expensive cosmetics instead. This phenomenon is expected to boost South Africa’s personal care and beauty industry. Business Day TV spoke to Serge Sacre, CEO of L'Oréal South Africa for more detail on this trend in relation to the South African market.
10/13/2023 • 8 minutes, 31 seconds
Listen! Why Mpho Makwana really quit as Eskom chair
Eskom's board chair, Mpho Makwana has resigned, raising concerns about the company's stability and the board's strained relationship with public enterprises minister, Pravin Gordhan. Business Day TV unpacked this critical matter with Financial Mail's Natasha Marrian.
10/13/2023 • 8 minutes, 10 seconds
Listen! Bitcoin's investment potential amid times of uncertainty
Cryptocurrencies have been hit hard, with conflict in the Middle East weighing on investor sentiment. Bitcoin dropped for five consecutive days, before recovering back above the $27,000 mark. Business Day TV spoke to Christo de Wit from Luno about whether Bitcoin remains attractive to investors during times of uncertainty.
10/12/2023 • 6 minutes, 26 seconds
Listen! The Big Idea - Are SA's procurement systems broken?
Public procurement is under scrutiny in South Africa. This according to a recent report by Corruption Watch and Professor Geo Quinot of Stellenbosch University, which highlights trends in deviations and contract expansions in the 2022/23 financial year. The report reveals a substantial increase in reported deviations, raising concerns about potential abuse. Business Day TV discussed the details of this report and its implications for the country's procurement practices with Geo Quinot, Professor of Law & Director of African Procurement Law Unit at Stellenbosch University.
10/12/2023 • 17 minutes, 43 seconds
Listen! IMF’s world economic outlook: Implications for Africa
The IMF maintains that the global economy is likely to grow at 3% this year and foresees a ‘soft landing’ for the U.S amid this climate. Business Day TV spoke to Jee-A Van Der Linde, Senior Economist at Oxford Economics Africa for his assessment of what this scenario means for Africa.
10/12/2023 • 6 minutes, 40 seconds
Listen! Karoooo posts 9% rise in H1 profit
Cartrack owner , Karooooo has reported a 9% rise in interim profit and that's as Cartrack subscribers rose 15%, which helped boost revenue by 23%. Karooooo has kept its annual guidance unchanged for Cartrack at between 1.9 and 2.1 million subscribers. This will generate subscription revenue of around of nearly R4 billion for the full year. Business Day TV unpacked the results with the company’s COO, Richard Schubert.
10/12/2023 • 8 minutes, 13 seconds
Listen! SA Breweries' $106bn takeover's costly lessons
Now, the 2016 acquisition of SA Breweries by Anheuser-Busch - a colossal $106 billion deal, remains a stark warning about the dangers of massive takeovers. While it initially looked like a great move for SAB shareholders, it turned out to be a major problem for AB InBev. Business Day TV discussed this high-stake deal with the Financial Mail's Ann Crotty.
The rand has been reacting to various geopolitical factors, including the Middle East war, which has seen the local unit weaken significantly. Business Day TV discussed the rand's performance and the outlook for the mid-term budget with RMB Trader, Quintin Claassen.
PSG Financial Services has delivered double-digit profit growth. The firm has reported a 21% increase in recurring headline earnings per share, mainly due to upbeat growth from all its divisions. Business Day TV unpacked the half-year numbers with the company's CFO, Mike Smith.
10/11/2023 • 7 minutes, 12 seconds
Listen! Eskom and municipalities' income feeling the pinch as business and home solar rise 350%
Eskom and municipalities are experiencing severe financial strain. The rapid expansion of rooftop solar installations, in particular, is proving to be environmentally friendly, but also presents a significant challenge to municipal finances. Energy Writer for Business Day, Denene Erasmus spoke with Business Day TV, discussing this dynamic shift and its effects in depth.
10/11/2023 • 9 minutes, 34 seconds
Listen! The pillars of SA's economy
South Africa's economy continues to face multiple domestic and global headwinds and the mining, finance and trade sectors have been a few of the pillars which have aided a fight against these headwinds. Business Day TV spoke to Dawie Roodt, Chief Economist for Efficient group.
10/10/2023 • 17 minutes, 59 seconds
Listen! The growth of centi-millionaires across the globe
The number of centi-millionaires more than doubled in the last decade, and is currently sitting at over 28 thousand. Business Day TV caught up with Head of Research at New World Wealth, Andrew Amoils to discuss the share of wealth in the world amid downbeat economic growth
10/10/2023 • 6 minutes, 41 seconds
Listen! Securing global energy demand with Africa's resources
As we journey towards net-zero emissions by 2050, energy crises around the world are on the rise, pointing to the inevitable need for hydrocarbons as we transition. Africa is rich in hydrocarbons, so how can the continent secure global energy demand with its resources? To find out, Business Day TV spoke to Adeg-bite Falade, MD & CEO of Aradel Holdings.
10/10/2023 • 9 minutes, 24 seconds
Listen! Equites reports lower dividend
Equites has reported a 20% fall in half-year distribution but the firm says it will meet its full-year distribution guidance of 130c to 140c per share. Business Day TV spoke to the company's CEO Andrea Taverna-Turisan for more detail.
10/10/2023 • 10 minutes, 54 seconds
Listen! A closer look at the 'irregular' R5bn UIF deal
In a late-night scramble last December, senior officials from the labour department and the Unemployment Insurance Fund (UIF) worked tirelessly to finalize an "irregular" deal worth R5bn. The deal, aimed at channelling UIF funds into an untested job-creation initiative, was exposed by a Sunday Times report. Shockingly, only three officials stood in the way of this controversial scheme, shedding light on the questionable process that unfolded. For more on the story, Business Day TV spoke to investigative journalist for Sunday Times, Kabelo Sikiti.
10/10/2023 • 9 minutes, 2 seconds
Listen! Middle East tensions spook investors
Conflict in the Middle East is weighing on investor sentiment. The geopolitical issues have boosted government bonds and oil, while equity markets were left battered. Business Day TV discussed the risks and opportunities of investing in this environment with Jameel Ahmad, Chief Analyst at GTC.
10/9/2023 • 9 minutes, 6 seconds
Listen! Trade of the week - Firstrand, Capitec and Sasol
Founder of Herenya Capital, Petri Redelinghuys provided tech analysis Firstrand, Capitec and Sasol.
10/9/2023 • 18 minutes, 23 seconds
Listen! IMF staff, Ghana agree first review of $3bn programme
The International Monetary Fund and Ghana's government have reached a staff-level agreement on the first review of a $3 billion loan programme. The deal paves the way for a disbursement of $600 million once it is approved by the IMF's executive board. Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for more detail.
10/9/2023 • 8 minutes, 22 seconds
Listen! Cyber threats in SA skyrocket in the first half of 2023
Cyber threats in South Africa surged in the first half of 2023 and a recent report from cybersecurity firm Trend Micro exposes a significant surge in ransomware attacks, putting businesses at risk of losing millions in stolen data and recovery efforts. Business Day TV spoke to technology correspondent Mudiwa Gavaza about the growing trend of cyber-crimes.
10/9/2023 • 12 minutes, 25 seconds
Listen! Citibank in Sars' crosshairs over VAT liability
The South African unit of investment banking group Citibank is in the crosshairs of the SA Revenue Service (Sars) over the secondment of the company's offshore employees. The tax agency says this amounts to the importation of services and is subject to VAT. Business Day TV spoke to Mabutho Mthembu, Senior Manager for Value-Added Tax at SNG Grant Thornton for more insight.
10/9/2023 • 9 minutes, 16 seconds
Listen! Is the ANC losing its grip on KZN?
With declining national support, infrastructure crises, and Jacob Zuma's enduring popularity in KZN, the ANC continues to face a complex electoral landscape. To unpack this in more detail, Business Day TV spoke to Financial Mail's Natasha Marrian.
10/6/2023 • 7 minutes, 25 seconds
Listen! Vilakazi appointed FirstRand CEO
Based on FirstRand's most recent performance, the firm boasts higher profits, a healthy loan book and happy investors who received a double-digit dividend increase. This is the state of the company being handed to incoming CEO, Mary Vilakazi who will officially take the helm when current CEO, Alan Pullinger steps down in April next year. Business Day TV caught up with Vilakazi to discuss what she'll be brining to the role.
10/6/2023 • 11 minutes, 24 seconds
Listen! The state of the mining sector
Mining industry players are gathered at the Joburg indaba to discuss the future of the mining sector. Business Day Tv caught up with the CEO of the Minerals Council, Mzila Mthenjane for his views of the current state of the mining sector.
10/5/2023 • 5 minutes, 39 seconds
Listen! Implications of avian influenza on SA's poultry market
South Africa's government, along with the Poultry Association, has culled approximately 7.5 million chickens to curb the rapid spread of avian influenza. Business Day TV spoke with FNB's Senior Agricultural Economist, Paul Makube, and Mike Modisane, the Chief Director of Animal Production & Health at the Department of Agriculture, Land Reform, and Rural Development, who delved into the consequences of this crisis on the country's poultry industry and its wider economic impact.
10/5/2023 • 21 minutes, 37 seconds
Listen! Conflict resurgence in Ethiopia: Economic repercussions
Conflict in Ethiopia's Amhara region is weighing on the nation's recent peace deal. A third of Ethiopia's food is produced in Amhara and this threatens food security in the horn of Africa. Business Day TV spoke to Zaynab Hoosen, Political Economist at Oxford Economics Africa for her take on the developments in Ethiopia and its economic consequences.
10/5/2023 • 7 minutes, 47 seconds
Listen! Avian influenzas' impact in SA
Amid a severe avian flu outbreak, South Africa anticipates a chicken and egg shortage during the festive season. Poultry producers, including Quantum Foods, are wrestling with virus strains, leading retailers and fast-food chains to search for supply solutions. Imports are set to rise, with industry experts considering importing hatching eggs and poultry. Business Day TV spoke to CEO of Quantum Foods, Hennie Lourens about his views on this crisis.
10/5/2023 • 15 minutes, 57 seconds
Listen! Transport month - Sasol bets on green hydrogen
According to Sasol CEO, Fleetwood Grobler, hydrogen is a game-changer in the quest for sustainable transportation. As we observe transport month, Business Day TV caught up with him for greater perspective on hydrogen as a fuel of the future.
10/5/2023 • 8 minutes, 19 seconds
Listen! Bond Markets take centre stage
More investors have been leaning towards risk-off assets as fears around higher-for-longer rates persist. Business Day TV spoke to the Head of Financial Intermediaries at 10X Investments, Michelle Noth for more detail on the dynamics playing out in the US and SA Bond Markets.
10/4/2023 • 8 minutes, 53 seconds
Listen! Focus on the Africa data centre market
Data centres house computer systems and its linked components. Giants in this space, Amazon, Google and Microsoft are increasingly looking at establishing new nodes across Africa where the data centre market is expected to grow at a continued annual growth rate of nearly 13% between now and 2027. For more, Business Day TV spoke to Faith Waithaka, Cloud and Service Provider Segment Sales Lead for Anglophone Africa at Schneider Electric.
10/4/2023 • 7 minutes, 42 seconds
Listen! The future of mining
Mining executives, industry experts and investors are gathered at the Joburg Indaba where they are discussing critical issues affecting all stakeholders in the sector. Business Day TV caught up with Neal Froneman, CEO of Sibanye-Stillwater for some perspective on the future of the industry and its place in driving development, innovation and change.
10/4/2023 • 9 minutes
Listen! Roy Moodley-founded security firm scores Sars tender
In a controversial development, a company founded by Roy Moodley, a figure known for his business controversies, and currently run by his son, has been granted a significant contract to provide 'national physical security services' to the South African Revenue Service. The contract, awarded in August, has raised concerns due to its undisclosed duration and value. This news follows reports that Royal Security secured a substantial security contract earlier this year. Business Day TV unpacked the story in detail with Business Day's Kabelo Khumalo.
10/4/2023 • 7 minutes
Listen! Investors fear higher interest rates amid US-China tensions
Investors are concerned about interest rates remaining higher for longer as tensions between China and the US intensify. Business Day TV spoke to RMB's Forex Structurer, Rayno Nigrini for more insight.
10/3/2023 • 5 minutes, 33 seconds
Listen! 'The time for rail reform is now'
The persistent financial decline of Transnet and its knock-on effects have resulted in CEO, Portia Derby and CFO, Nonkululeko Dlamini resigning from the SOE. This follows pressure from various parties to do so as the SOE reported a loss of nearly R9bn this year, a near doubling from the loss reported the previous year. Business Day TV spoke to the CEO of the African Rail Industry Association, Mesela Kope-Nhlapo about why there needs to be urgency in addressing the situation.
10/3/2023 • 9 minutes, 29 seconds
Listen! Outgoing Transnet finance chief named Telkom CFO
In the telecoms space, a major leadership shakeup is underway as Nonkululeko Dlamini prepares to step into the role of CFO at Telkom. This announcement follows her departure from Transnet. Meanwhile, Telkom's current CFO, Dirk Reyneke will transition to the role of chief capital projects officer, as we await a CFO announcement from Cell C. For more on the story, Business Day TV spoke to technology correspondent, Mudiwa Gavaza.
10/3/2023 • 9 minutes, 30 seconds
Listen! Outgoing Transnet finance chief named Telkom CFO
In the telecoms space, a major leadership shakeup is underway as Nonkululeko Dlamini prepares to step into the role of CFO at Telkom. This announcement follows her departure from Transnet. Meanwhile, Telkom's current CFO, Dirk Reyneke will transition to the role of chief capital projects officer, as we await a CFO announcement from Cell C. For more on the story, Business Day TV spoke to technology correspondent, Mudiwa Gavaza.
10/3/2023 • 9 minutes, 30 seconds
Listen! Food insecurity in Africa
Over the next five years, food insecurity in Africa will be a thing of the past, according to the African Development Bank. Other experts however are projecting that greater food security threats may hamper that expectation. Business Day TV caught up with Thabile Nkunjana, Agricultural Economist with the National Agricultural Marketing Council for his assessment of the situation.
10/2/2023 • 11 minutes, 38 seconds
Listen! Absa PMI declines as factory conditions worsen in September
The manufacturing sector ended the third quarter on a weak note. In September, the Absa PMI sunk deeper into contraction territory, falling by over 4 index points to 45.4 as weak demand weighed on output, hitting the export index hard during the period. Business Day TV spoke to Sello Sekele, economist at Absa CIB fr more insight.
10/2/2023 • 7 minutes, 43 seconds
Listen! Springboks beat spirited Tonga to close on rugby world cup quarter-finals
The Springboks pulled themselves up by the bootstraps last night as they defeated Tonga in a brave outing by the underdogs. The defending world champions have likely secured their place in the quarter finals with a much-needed bonus point following last week's tumble. However, the slightest chance for the Scottish to perform miracles against fellow European foes, Ireland, has set up a grandstand finish to Pool B. Pollard looked on point on return from injury, Reinach continues to put his hand up for first choice, and have we suffered another campaign ending injury? Business Day TV unpacked all this with sports reporter for Sunday Times, Liam Del Carme.
10/2/2023 • 9 minutes, 45 seconds
Listen! Trade of the Week - Afrimat, Gold Fields, and more
Loyiso Mpeta from Unum Capital provides technical analysis of Afrimat, Gold Fields, Sasol, Grindrod and Outsurance.
10/2/2023 • 17 minutes, 22 seconds
Listen! Could SA became Africa's largest copper producer?
South Africa is expected to overtake the DRC as Africa's biggest copper producer over the next decade, as the Northern Cape sits on big deposits of the critical mineral.
Business Day TV spoke to Jan Nelson, CEO of Copper360, who is convinced that South Africa will become Africa's copper king.
9/29/2023 • 7 minutes, 30 seconds
Listen! Focus on SA's income inequalities
South Africa remains one of the most unequal societies in the world and according to Statistics South Africa, the labour market is responsible for exacerbating income inequalities. Business Day TV explored this in greater detail with Adam Bennot, Head of Responsible Investing at RisCura.
9/29/2023 • 8 minutes, 47 seconds
Listen! Corrupt 'ghost trains' syndicate nets R50m in kickbacks
A criminal syndicate operating a sophisticated 'ghost train' scheme has been uncovered within Transnet rail system. Last year, two of four dispatched freight trains mysteriously vanished, diverting millions in illicit kickbacks amid a shortage of locomotives and soaring coal prices. Business Day TV spoke with Business Times Reporter, Dineo Faku, who privided more information on the rail heist.
Cryptocurrencies have been trading sideways, influenced by various industry developments and macroeconomic factors. Business Day TV spoke to Christo de Wit, SA Country manager at Luno, for more detail.
9/28/2023 • 6 minutes, 16 seconds
Listen! Unpacking global population trends
The global population is expected to increase by nearly 2 billion within the next three decades. Business Day TV discussed the forecast and trends observed with Dawn Holland, Director for Economic Research at Moody's Analytics.
9/28/2023 • 8 minutes, 40 seconds
Listen! Capitec's H1 HEPS up 9% as client base expands
South Africa's biggest retail bank by customer numbers, Capitec's interim headlines are up by close to 9% while the dividend has been hiked by a similar margin. This largely due to the group's active client base growing by almost 1 million customers during the period. Business Day TV spoke to Gerrie Fourie, CEO of Capitec for greater perspective on the half-year that was.
9/28/2023 • 17 minutes, 29 seconds
Listen! The Future Of MBAs In Focus
Business schools are undergoing leadership changes and introducing new programs to stay competitive on the global stage. Business Day TV discussed the ever-evolving landscape of MBA programs with The Financial Mail's editor-at-large David Furlonger.
9/28/2023 • 7 minutes, 50 seconds
Listen! National Treasury plans cost-cutting measures
South Africa's National Treasury plans to implement a number of cost-cutting measures, in an effort to manage spending and prevent the materialisation of potentially crippling resource constraints Business Day TV spoke to Daniel Silke, Director at Political Futures Consulting, Xhanti Payi, Economist at Pwc and Tony Ehrenreich, Provincial Secretary at Cosatu Western Cape for more insight
9/27/2023 • 15 minutes, 17 seconds
Listen! Consumer trends amid economic challenges
South African shoppers have had a tough time, hit by high interest rates and elevated inflation, which in turn has weighed on their spending power. Business Day TV unpacked the state of the snacking industry as consumers deal with shrinking disposable incomes, with the Senior Director of Marketing in Sub-Saharan Africa at Mondelez, Arpan Sur.
9/27/2023 • 7 minutes, 32 seconds
Listen! Old Mutual posts dip in profit
Old Mutual's half year profit has fallen, with headline earnings per share slipping 8% due to hyperinflation issues in Zimbabwe. Despite the performance, the insure has hiked its dividend by 28% to 32 cents. Business Day TV unpacked the numbers with the group's CEO Iain Williamson.
9/27/2023 • 7 minutes, 56 seconds
Listen! Treasury's cost cutting raises concerns for hospitality industry
Today is World Tourism Day and while it should conjure up images of summertime, the beach, safaris and an influx of foreign nationals, the hospitality industry is concerned that government's cost-cutting plans will impact the sector negatively as the state plans to cut-back on travel, conferences and catering. Business Day TV spoke to Alan Campbell from ANEW Hotels & Resorts for more insight.
9/27/2023 • 7 minutes, 22 seconds
Listen! Why SOE CEO appointments remain a governance minefield
It's been nearly a year since the resignation of Andre De Ruyter as Eskom CEO but Public Enterprises Minister, Pravin Gordhan has rejected the name put forward by the board for his replacement. The Institute of Directors in South Africa says that this raises complex governance issues. Business Day TV spoke to the CEO of the organisation, Parmi Natesan for more perspective.
9/27/2023 • 6 minutes, 52 seconds
Listen! The politics of renaming in SA
In tribute to the late struggle veteran Winnie Madikizela-Mandela, Johannesburg's bustling William Nicol Drive has officially been renamed as Winnie Mandela Drive. The move has raised commentary around the cost of such a decision at this time and also highlighted the political significance of such decisions. Business Day TV spoke to political analyst Rebone Tau for her take on the matter.
9/27/2023 • 7 minutes, 2 seconds
Listen! US bonds at highest in 16 years
US treasury yields hit a 16-year high, amid fears that central banks will keep rates higher for longer. Business Day TV discussed the moves playing out in the bond market with RMB's Fixed Income Trader, Michelle Wohlberg.
9/26/2023 • 6 minutes, 55 seconds
Listen! Business cycle index improves for second straight month
The Reserve Bank’s composite leading business cycle indicator improved for a second straight month in July, supported by an acceleration in the six-month smoothed growth rate of job adverts. Business Day TV spoke to Hugo Pienaar, Chief Economist at the Bureau of Economic Research, for more detail.
9/26/2023 • 7 minutes, 14 seconds
Listen! Blame game rages on over Burna Boy concert
It was a disappointing long-weekend for Burna Boy fans as the African giant was supposed to perform at the FNB stadium but the event was cancelled due to fraud allegations linked to one of the persons meant to promote the concert. For mor eon the story, Business Day TV spoke to award-winning entertainment journalist, Masego Seemela.
9/26/2023 • 9 minutes, 41 seconds
Listen! China eyes investment opportunities in SA
China remains South Africa's largest global trading partner. The East Asian nation in the meantime seeks to deepen business ties with South African businesses moving forward. Business Day TV spoke to Gay Mokoena, SG of the National African Federated Chamber of Commerce for more on this prospect.
South Africa's R59 billion poultry industry is currently facing its worst bird flu outbreak which has already led to an egg shortage in Gauteng. Business Day TV spoke to Abongile Balarane, CEO of the Egg Organisation at the SA Poultry Association for more insight on the potential economic impact of the outbreak.
9/22/2023 • 11 minutes, 19 seconds
Listen! RAF amendment bill rattles medical schemes
A proposed draft Bill to amend the Road Accident Fund is causing ripples in the medical insurance sector. Industry experts are concerned about potential hikes in medical aid premiums as insurers rush to address gaps in fund coverage. Business Day TV caught up with Companies & Markets Editor for Business Day, Kabelo Khumalo who provided further insight on the matter.
9/22/2023 • 7 minutes, 33 seconds
Listen! MPC stands pat on rates
The South African Reserve Bank has kept the repo rate unchanged at 8.25% for a second meeting running, but it says renewed risks to inflation remain a concern. Business Day TV discussed the decision with Dawie Roodt, Chief Economist at Efficient Group.
9/21/2023 • 10 minutes, 23 seconds
Listen! Discovery resumes dividend payments
Discovery has resumed annual dividend payouts following solid profit growth. South Africa's largest private health insurer is rewarding shareholders with a dividend of 110 cents, which marks its first payout since the Covid-19 pandemic took hold. Business Day TV unpacked the performance with Discovery CEO Adrian Gore.
9/21/2023 • 7 minutes, 38 seconds
Listen! VAT Dispute's impact on SA banking and consumers
A major concern in the banking sector is the VAT dispute between Capitec and the South African Revenue Services. It revolves around whether Capitec can deduct VAT on loan insurance payments, a decision Capitec says could impact the banking industry and consumers. Business Day TV spoke to Kokkie Kooyman, Portfolio Manager at Denker Capital for more detail on the matter.
9/21/2023 • 16 minutes, 10 seconds
Listen! Outlook for Africa amid growing political fragmentation
According to the eight edition of the Africa Risk-Reward Index, Africa's economic activity is expected to pick-up in the next 12 to 18 months. Business Day TV unpacked the index and its findings for Africa's economic prospects with Francois Conradie, Lead Political Economist at Oxford Economics Africa.
9/21/2023 • 7 minutes, 26 seconds
Listen! Focus on government's debt crisis
National Treasury has revealed that South Africa's budget deficit is the largest it has been in nearly two decades. The state is borrowing R14 billion to keep afloat. Business Day TV discussed the government's debt crisis in greater detail with Gilad Isaacs, Co-Director for the Institute for Economic Justice & Economist at Wits University.
9/21/2023 • 9 minutes, 40 seconds
Listen! Upending the narrative of failure in SA
According to the Financial Mail, some South African Business leaders and experts have emphasized the need for immediate interventions to alter the country's trajectory and dispel the narrative of failure. Sim Tshabalala, CEO of Standard Bank, recognizes the long-term nature of the issues, but some argue that immediate actions can help. Business Day TV discussed South Africa's fiscal challenges, strategies to change the narrative, and the economic outlook with Giulietta Talevi, Money Editor for Financial Mail.
9/21/2023 • 7 minutes, 18 seconds
Listen! Rand Water warns of strained water system
Rand Water has warned of a strained water system. The utility says it is observing high water consumption in Johannesburg and Tshwane. despite water restrictions and a call for consumer to cut back. Business Day TV spoke to Sipho Mosai, CEO for Rand Water for more detail.
9/20/2023 • 10 minutes, 2 seconds
Listen! Retail sales shrink in July
Retail sales are continuing on a downward spiral. In July sales fell for an eighth straight month, falling 1.8%. Business Day TV unpacked the print with Retail Analyst, Alec Abraham.
9/20/2023 • 8 minutes, 54 seconds
Listen! Focus on the Kenyan economy
Following growth of 4.8% in 2022, Kenya's GDP is expected to grow at 5.5% this year and at an average of 6% over the medium term. This is according to the East African nation's National Treasury Draft Budget Review & Outlook Paper. It also reveals that the fiscal deficit will rise to 5.4% from 4.4% in the 2023/24 financial year. For more on the health of the Kenyan economy, Business Day TV spoke to Daniel Kavishe, Africa Economist at RMB.
9/20/2023 • 9 minutes, 32 seconds
Listen! BLSA cautions against SOE shareholding plan
Business Leadership SA (BLSA) has voiced concerns about a proposed shareholding model for state-owned enterprises that has been outlined in the National State Enterprises Draft Bill. The current model suggests that the state would retain majority ownership in SOEs. BLSA, however, suggests an alternative approach where the state holds a minority share, and rather puts into effect an independent company that will ensure effective running of these companies. Business Day TV unpacked the idea in detail with Business Day's Thando Maeko.
9/20/2023 • 8 minutes, 20 seconds
Listen! Inflation edges up in August
Headline consumer inflation ticked up to 4.8% year-on-year in August from 4.7% in July. The marginal increase reflects a slowdown in food prices and an acceleration on the cost of fuel and municipal tariffs. Business Day TV discussed the print in detail with Annabel Bishop, Chief Economist at Investec.
9/20/2023 • 7 minutes, 52 seconds
Listen! SARB expected to keep rates on hold
South Africa’s Reserve Bank is expected to keep interest rates on hold this week. Business Day TV spoke to Sioban Redford, economist: RMB about what's driving that sentiment, and whether she shares that view.
9/19/2023 • 7 minutes, 36 seconds
Listen! Forex issues weigh on inter-Africa trade
Forex challenges across the African continent is hindering inter-country trade. This according to the Africa Trade Barometer. Business Day TV spoke to Haroon Bohrat, Professor in the School of Economics and Director of the Development Policy Research Unit at UCT to unpack the index for greater perspective on Africa's trade dynamics.
9/19/2023 • 8 minutes, 15 seconds
Listen! Bob van Dijk steps down as CEO of Naspers and Prosus
Bob van Dijk has stepped down as CEO of Naspers and Prosus. Van Dijk took the helm at Naspers in April 2014 and became CEO of Prosus when it listed on Amsterdam's Euronext in 2019. He has been replaced on an interim basis by Ervin Tu, the group's former Chief Investment Officer. Business Day TV spoke to Business Day's Technology Correspondent Mudiwa Gavaza for more detail.
9/19/2023 • 9 minutes, 4 seconds
Listen! Load-shedding relief expected in 2024
Business leaders, who serve on the national energy crisis committee (Necom), are fairly confident that load-shedding could possibly end in 2024.
This as Eskom's efforts to stabilise generation capacity along with private sector investment in renewables is starting to pay off. Business Day TV spoke to Happy Khambule, Busa's Environment & Energy Manager who also serves on the national energy crisis committee for his take on that outlook.
The Chinese economy has had a tough time this year, with economic data missing analysts' expectations and further denting the country's prospects. Business Day TV spoke to the Head of China Strategy at Prescient, Tian Pan for his take on China's economic activity.
9/18/2023 • 7 minutes, 36 seconds
Trade Of The Week - 18 Sept 2023
Unam Capital's Loyiso Mpeta provides a technical recap on Impala Platinum, Thungela Resources, Omnia, Tiger Brands and City Lodge.
9/18/2023 • 17 minutes, 43 seconds
Listen! China, Zambia upgrade ties
Zambia and China first established bilateral relations in 1964. The two nations have decided to upgrade their ties to a comprehensive strategic cooperative partnership focused on expanding key economic sectors. Business Day TV spoke to David Monyae, Director of the Centre for Africa-China Studies at the University of Johannesburg for his assessment of the developments between the two countries.
9/18/2023 • 8 minutes, 49 seconds
Listen! Can cadre deployment survive the courts?
A legal battle of significant political consequence is underway as the DA challenges the ANC's cadre deployment policy in court. Business Day TV discussed the legal clash and its potential far-reaching implications for SA politics with the Financial Mail's Deputy Editor Natasha Marrian.
9/18/2023 • 10 minutes, 43 seconds
Listen! Cheap cement imports put local industry at risk, report says
SA’s cement industry is only using two-thirds of its production capacity, due to a combination of low demand and cheap imports. This dynamic, according to a report by the Centre for African Management and Markets at the Gordon Institute of Business Science, is putting jobs and government revenue collection at risk. Business Day TV spoke to Adrian Saville, CAMM Founding Director & Economics Lecturer at GIBS to unpack the findings of the report in greater detail.
9/18/2023 • 12 minutes, 20 seconds
Listen! Focus on Africa's motor manufacturing landscape
Naamsa expects 40% of all European cars to be electric vehicles by 2030. At the moment Africa only accounts for 1% of cars sold worldwide. Business Day TV spoke to newly appointed Naamsa President and CEO of Isuzu SA for greater perspective on the continent's motor manufacturing landscape.
9/15/2023 • 8 minutes, 54 seconds
Listen! Rugby World Cup 2023
The 2023 Rugby World Cup continues this weekend and the South African Springboks look to gain more meters toward retaining their World Champion status as they go head-to-head with Romania. Business Day TV spoke with Liam Del Carme, Sports Reporter for Sunday Times who gave insight on the rugby action.
9/15/2023 • 17 minutes, 14 seconds
Crypto chat - Bitcoin retreats under $30K mark
Cryptocurrencies are trading on the backfoot, with Bitcoin falling under the $30,000 mark. This comes as traders digest the US CPI print and a court judgement that allowed bankrupt exchange FTX to sell its crypto assets. Business Day TV discussed these moves with Luno's South Africa Country Manager, Christo de Wit.
9/14/2023 • 4 minutes, 40 seconds
Listen! ARC Investments boosts portfolio value
African Rainbow Capital Investments has weathered tough economic conditions. During the annual period the group reported a near 16% increase in its intrinsic net asset value per share as its investee companies performed well. Business Day TV spoke to the company's Co-CEO, Johan van der Merwe for more detail.
9/14/2023 • 8 minutes, 31 seconds
Listen! FirstRand delivers profit bump
Despite rising bad debts, FirstRand has managed to deliver a jump in earnings. During the annual period the lender reported an 11% rise in basic headline earnings per share as it benefitted from higher interest rates. Business Day TV discussed the numbers in greater detail with CEO, Alan Pullinger.
9/14/2023 • 7 minutes, 11 seconds
Listen! SA'S municipality crisis reforms
In light of a recent report that South African municipalities spent R4.74bn on fruitless and wasteful expenditure during the 2021-2022 fiscal year, Business Day TV spoke with Group Chief Advisor for Ntiyiso Consulting, Miyelani Holeni and Research Professor at Wits University, Mike Muller about how municipalities can transition to effective functioning entities.
9/14/2023 • 17 minutes, 56 seconds
Listen! Metair boasts 31% jump in H1 revenue
Stronger OEM vehicle production has given Metair a boost. As a result, the automotive and energy storage group has posted a 31% jump in half-year revenue and a more than doubling in operating profit. Headline earnings per share however declined by 9%. Business Day TV spoke unpacked the performance with the company's CEO Sjoerd Douwenga.
9/14/2023 • 4 minutes, 55 seconds
Listen! Growthpoint warns of tough times ahead
Growthpoint has recorded tepid annual growth. South Africa's largest listed REIT has reported a 1.3% increase in distributable income and upped its dividend by a similar margin. Moving forward Growthpoint has raised concerns about the state of South Africa's economy, warning of a slump in distributable income if circumstances remain uncertain. Business Day TV unpacked the performance with Group CEO, Norbert Sasse.
9/13/2023 • 9 minutes
Listen! Momentum Metropolitan's normalised headline earnings reach new high
Momentum Metropolitan's normalised headline earnings have hit a new high and exceeded a strategic target of R5 billion. The group says while its earnings outlook has improved, recent pressure on sales volumes is a concern. Business Day TV spoke to Momentum CEO Jeanette Marais for more detail.
9/13/2023 • 8 minutes
Listen! BankservAfrica Economic Transactions Index slipped in August
Depressed business and consumer confidence levels have led to the BanservAfrica Economic Transactions Index (BETI) slipping in August. The BETI fell to 134 points from 135.6 points previously, but on an annual basis it is up nearly 2%. Business Day TV discussed the data with Independent Economist, Elize Kruger.
9/13/2023 • 9 minutes, 48 seconds
Listen! Construction activity increases in Q2
Activity in the construction sector has increased. The Afrimat Construction Index improved to a level of 115.4 in the second quarter, from 109.1 in the prior three months. The expansion was underpinned by eight of the nine constituent indicators of the index recording real growth rates during the period. Business Day TV unpacked the ACI in greater detail with Independent Analyst, Roelof Botha.
9/13/2023 • 7 minutes, 52 seconds
Listen! Rand in focus as markets await US inflation data
The rand has crossed the R19 mark to the dollar again, as investors remain cautious ahead of the US inflation print. The data is expected to shed light on the Federal Reserve's interest rate path. Business Day TV spoke to RMB's Head of FX Execution Matete Thulare for more insight.
9/12/2023 • 6 minutes, 10 seconds
Listen! Libstar's half-year earnings plunge
Libstar has posted a near 45% drop in interim normalised headline earnings per share amid a tough economic environment. The firm, whose brands include Lancewood cheeses and Denny mushrooms, has warned that the tough market conditions will continue to affect consumers in the second half of 2023. Business Day TV spoke to CEO Charl de Villiers for more detail.
9/12/2023 • 7 minutes
Listen! ACSA eyes profitability as losses narrow
Airports Company SA has delivered an improved annual performance. The group has posted a 55% jump in revenue, and has narrowed its loss for the year to R143 million rand from R1 billion previously. Business Day T unpacked the results with CEO Mpumi Mpofu, who says the results reflect ACSA's steady trajectory towards recovery.
9/12/2023 • 9 minutes, 47 seconds
Listen! SA's political landscape: National Assembly fires Mkhwebane
suspended public protector, Busisiwe Mkhwebane's term in office has been cut short - with no benefits! This as MPs for the first time in South Africa's democratic history voted to remove a Chapter 9 institution head. Political Analyst & Professor, Susan Booysen joins us with her take on what's played itself out and what it suggests about the political climate as we gear up for election year...
9/12/2023 • 8 minutes, 21 seconds
Listen! The IMF's assessment of Senegal's economy
The International Monetary Fund has concluded an assessment of economic developments in Senegal where growth and the 2024 draft budget was in focus. Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for more insight.
9/12/2023 • 8 minutes, 18 seconds
Listen! DA begins court challenge over load-shedding crisis
The Democratic Alliance (DA) is taking on two major challenges in court this week. The opposition party is firstly challenging the National Energy Regulator of SA's tariff increase of over 30% for the next two financial years and it's also pushing for the government's response to the electricity crisis to be declared unconstitutional and the appointment of an independent "special master" to monitor the government's actions. To unpack this in more detail, Business Day TV spoke to legal writer for Business Day, Tauriq Moosa.
9/12/2023 • 7 minutes, 58 seconds
Listen! Sun International benefits from recovery in business travel
Sun International has posted an 11.7% rise in interim income, with growth across all its operations as it benefited from a recovery in business travel. Business Day TV spoke to Sun International's CEO, Anthony Leeming, to unpack the performance and the group's outlook.
9/11/2023 • 6 minutes, 56 seconds
Listen! African Union joins G20
The African Union has been made a permanent member of the G20. This marks the first expansion of the bloc since its inception in 1999. The inclusion should give the AU the same status as the EU which is currently the only regional bloc with full membership. Business Day TV discussed the significance of the move with Everisto Benyera, African Politics Associate Professor in the Department of Political Sciences at Unisa.
9/11/2023 • 12 minutes, 9 seconds
Listen! Global lenders offer billions in loans for Eskom grid expansion
By 2030, power utility Eskom will need to have invested at least R210bn to expand its transmission grid. This may be possible as international lenders have come forward offering multibillion-rand loans. But what's the catch? Business Day TV posed this question to Independent Energy Analyst, Tshepo Kgadima.
9/11/2023 • 11 minutes, 32 seconds
Trade of the week - Thungela, Mr Price and FirstRand
Herenya Capital founder, Petri Redelinghuys provides technical analysis on Thungela, Mr Price and FirstRand.
9/11/2023 • 18 minutes, 38 seconds
Listen! Joburg fire: chronicle of 77 deaths foretold
Former Johannesburg Mayor Herman Mashaba in the wake of a devastating fire at 80 Albert Street, has raised pressing questions about the necessity of a commission of inquiry give that this is not the first tragedy of this nature in the city and the challenges are well known by officials. The fire tragically claimed the lives of at least 77 individuals, casting a harsh spotlight on enduring challenges like building hijackings and governmental neglect. For more on the story, Business Day TV spoke to Financial Mail's Rob Rose.
9/8/2023 • 8 minutes, 44 seconds
Listen! Consumer resilience in the face of a tough economy
TransUnion's third quarter Consumer Pulse Study shows that shoppers are optimistic about their financial futures despite higher interest rates and high levels of unemployment. Business Day TV unpacked the print with Weihan Sun, Director of Research and Consulting at TransUnion Africa.
9/8/2023 • 7 minutes, 39 seconds
Listen! Sanlam posts half-year profit surge
South Africa's largest life insurance group Sanlam has posted a 118% jump in half year headline earnings per share as it benefitted from lower death claims. Business Day TV spoke to Abigail Mukhuba, Financial Director at Sanlam for more insight.
9/7/2023 • 6 minutes, 33 seconds
Listen! Consumer confidence improves but remains fragile
Perceptions of an improving economic outlook boosted South Africa's consumer confidence in the third quarter. But the reading is still well below the long-running average, signalling a lack of willingness for South African consumers to spend. Business Day TV unpacked that print with FNB Chief Economist, Mamello Matikinca-Ngwenya.
9/7/2023 • 8 minutes, 52 seconds
Listen! The dire state of SA's municipalities
During a recent briefing to Parliament's Standing Committee on the Auditor-General, it was revealed that in the 2021/2022 financial year, South African municipalities racked up R4.74bn in fruitless and wasteful expenditure. This alarming figure underscores the challenges facing local governments, including inadequate skills, financial constraints, governance issues, and a lack of accountability. Business Day TV unpacked the critical role of municipalities in SA and the impact of their dysfunctionalities; from political instability to the politicization of service delivery with Group Chief Advisor for Ntiyiso Consulting , Miyelani Holeni and Research Professor at Wits University, Mike Muller.
9/7/2023 • 16 minutes, 9 seconds
Listen! Zimbabwe elections: SADC observer mission
Most regional leaders have snubbed President Emmerson Mnangagwa's inauguration this week amid a scathing preliminary report by the SADC observer mission, led by Zambia's former VP Nevers Mumba on the recent polls. Business Day TV spoke to Louw Nel, Senior Political Analyst at Oxford Economics Africa for more insight.
9/7/2023 • 7 minutes, 54 seconds
Listen! The impact of political events in Zimbabwe on SA
Zimbabwe's recent re-election of President Emmerson Mnangagwa has garnered attention and sparked discussions among citizens. According to reports from the Financial Mail, there is a growing consideration among Zimbabweans to move to South Africa, driven by various factors, including economic challenges in the country. Business Day TV spoke to Financial Mail's Shirley de Villiers about the potential impact of this migration on South Africa's stability and labour market.
9/7/2023 • 10 minutes, 4 seconds
Listen! Stage 6 load-shedding, too late for an energy bounce-back?
Last month the Energy Bounce-Back Loan Guarantee Scheme was launched to help ease the impact of load shedding, but South Africa is still in the throes of stage 6 rolling blackouts. So just how effective can we expect this scheme to be? Business Day TV spoke to Willie Cronje, Professor in the Electricity and Information Engineering Department at Wits University for his take.
9/7/2023 • 6 minutes, 21 seconds
Listen! The state of the beer economy
According to the BER Price/Income Elasticity study, beer prices have increased more than any other type of categories in the liquor market. Business Day Tv caught up with the CEO of South African Breweries, Richard Rivett-Carnac and unpacked the state of the beer economy.
9/6/2023 • 9 minutes
Listen! Traders bet on ETF market
Investors are positive on the global ETF market, expecting the industry to triple in the next decade. Business Day TV caught up with Michelle Noth, Head of Financial Intermediaries at 10X Investments for further insight of the factors driving growth in that market.
9/6/2023 • 6 minutes, 40 seconds
Listen! Gogos turn tech-savvy
Business Day TV pays tribute to the C-suite executives of most South African homes, the gogos. We look into the benefits of bridging the technological gap between South Africa's youth and gogos.
9/6/2023 • 22 minutes, 20 seconds
Listen! Critical perspective: Africa Climate Summit
The first ever Africa Climate Summit has wrapped up and NGO, Fossil Free SA has highlighted some concerns about the conference. Business Day TV spoke to the body's co-ordinator, David Le Page for more insight.
9/6/2023 • 10 minutes, 13 seconds
Listen! Business confidence improves but remains weak
The RMB/BER Business Confidence Index has regained some ground in the third quarter with a reading of 33. That's from 27 in the second quarter.
But despite the improvement, sentiment is still very weak. To discuss this in more detail, Business Day TV spoke to RMB's Isaah Mhlanga.
9/6/2023 • 6 minutes, 5 seconds
Listen! Volkswagen reveals electric GTI
Volkswagen has revealed its latest innovation - an electric GTI. The motoring brand is said to have produced a dynamic blend of cutting-edge exterior design, a high-tech interior as well as a thrilling electric performance. Business Day TV spoke to Phuti Mpyane, Senior motoring correspondent for Business Day for more detail.
9/6/2023 • 7 minutes, 26 seconds
Listen! Financing growth in SA's SMME sector
The Industrial Development Corporation of South Africa (IDC) is offering a R3 billion credit facility to eligible non-bank intermediaries, to expand its funding reach to black-owned small, medium and micro enterprises (SMMEs), and help address the funding challenges faced by many small businesses. Business Day TV spoke to Sonja Loggenberg, Head of Partnership Programmes at the IDC for more detail.
9/5/2023 • 7 minutes, 56 seconds
Listen! Local bonds struggle to gain momentum
South African bonds have taken a knock, as sentiment on emerging market assets soured over the past month on the back of Chinese growth fears. Business Day TV caught up with Bond Trader at RMB, Michelle Wohlberg for more insight.
9/5/2023 • 7 minutes, 43 seconds
Listen! Shoprite gains 'record' market share
Shoprite has weathered challenging trading conditions. During the annual period the retailer delivered a near 17% jump in sale of merchandise which translated into a 9.6% increase in headline earnings per share. Business Day TV unpacked the annual performance with CEO, Pieter Engelbrecht.
9/5/2023 • 7 minutes, 5 seconds
Listen! Focus on Africa's inaugural climate summit
Africa's inaugural climate summit is underway in Kenya. Leaders and industry players are meeting to find African solutions to the climate crisis amid the global net-zero emissions journey. Business Day TV spoke to Josephine Wawira from the Kenya Private Sector Alliance for more detail on the agenda at the summit.
9/5/2023 • 8 minutes, 51 seconds
Listen! Q2 GDP outpaces analyst expectations
South Africa's economy managed to eke out growth 0.6% in the second quarter. This against analyst expectations of
a 0.3% lift. The expansion was mainly driven by a 2.2% growth in the manufacturing sector during the period. Business Day TV unpacked the print in greater detail with Kevin Lings, Chief Economist at Stanlib.
9/5/2023 • 7 minutes, 24 seconds
Listen! IMF says cost of government debt could rise to 27% by 2028
The IMF has warned that South Africa's interest bill on its growing public debt could triple the size of its health budget within five years, and it is projecting a rise in government debt from 19% to 27% by 2028. Despite this, the IMF assesses South Africa's risk of debt distress as 'moderate' due to its robust financial markets and strong monetary policy. Business Day TV spoke with Business Day's Editor-At-Large Hilary Joffe who gave further insight on the projection.
Lower production and weaker commodity prices weighed on African Rainbow Minerals' earnings. The diversified miner's annual headline earnings per share fell 21% and it's lowered its dividend by 40%. Business Day TV spoke to Group CEO Phillip Tobias for more detail.
9/4/2023 • 8 minutes, 39 seconds
Listen! Sea Harvest reels in 19% rise in half-year HEPS
Sea Harvest has reeled in profit growth during its half year. The fishing group has posted a 19% increase in headline earnings per share, as it benefited from strong demand for its products which helped it push through higher prices. Business Day TV spoke to Group CEO Felix Ratheb for more insight on the results
9/4/2023 • 7 minutes, 34 seconds
Listen! Bidvest posts a profit bump
Bidvest has delivered upbeat profit growth, with annual headline earnings per share rising 24.5%. This comes as the industrial conglomorate recorded growth across all of its seven divisions. Business Day Tv caught up with company's CEO, Mpumi Madisa for further insight on the group's full-year performance.
9/4/2023 • 7 minutes, 23 seconds
Trade of The Week - Blue Label, Prosus and more | 04 Sept 2023
Unam Capital's Loyiso Mpeta provides a QuanTech mental analysis on Blue Label, Prosus, Pepkor, Sibanye Still-Water and Motus.
9/4/2023 • 17 minutes, 40 seconds
Listen! Relationship between job creation & tech adoption across Africa
Technology is changing the face of various jobs and how we go about creating them. Business Day TV explored the relationship between job creation and technology adoption in Africa in greater detail with Sisoke Mgwebi, Consultant for Frost & Sullivan.
9/4/2023 • 8 minutes, 28 seconds
Listen! State looks to foreign partners for electric car-making industry
The South African government is exploring partnerships with foreign entities to grow its electric vehicle manufacturing sector; with a focus on sustainability, as highlighted by Minister Ebrahim Patel at a recent conference. Deputy Finance Minister David Masondo also hinted at an upcoming EV-related support package to be announced in October. Business Day TV spoke with Financial Mail's David Furlonger who discussed the development of the sector.
9/4/2023 • 7 minutes, 51 seconds
Listen! SA vindicated in U.S charge on Russian arms - Ramaphosa
The full report related to the docking of Russian cargo vessel, Lady R which sparked diplomatic issues between South Africa and the U.S will not be made public. Civil society organisation, OUTA has in the meantime, called for transparency on this issue. Business Day TV spoke to OUTA CEO, Wayne Duvenage for his take on where things are at.
9/4/2023 • 6 minutes, 45 seconds
Listen! Takealot blasts order to split its businesses
In a recent competition commission investigation, South African e-commerce giant Takealot finds itself disappointed with the outcome. The Competition Commission has called for the company to split its marketplace and retail businesses; citing concerns about favouritism and the need for a level playing field for small and black-owned businesses. To unpack the story in more detail, Business Day TV spoke to Technology Correspondent for Business Day, Mudiwa Gavaza.
9/1/2023 • 10 minutes, 36 seconds
Impala Platinum's profit take a hit
Impala Platinum's annual performance took a knock. During the period the miner had to contend with higher costs, lower mental prices and write-downs and those contributed to a 43% drop in headline earnings per share. Business Day TV discussed the performance with CEO Nico Muller.
8/31/2023 • 8 minutes, 47 seconds
Tackling SA's unemployment crisis
With unemployment currently at a staggering 32.6%, the need for effective employment strategies is urgent. Business Day TV discussed this with the CEO of YES, Ravi Naidoo and independent economist, Duma Gqubule.
8/31/2023 • 16 minutes, 12 seconds
The relationship between economic environments & coups
Experts have drawn connections between economic growth issues and how it fuels coups. To unpack this in detail, Business Day TV caught up with Pieter Scribante, Political Economist at Oxford Economics Africa.
8/31/2023 • 12 minutes, 7 seconds
Unpacking corruption and accountability for JSE-listed companies
In a comprehensive report that sheds light on a critical aspect of corporate integrity, Financial Mail has taken a closer look at the case of EOH; a company that has faced a tumultuous journey marked by allegations of corruption and mismanagement. Business Day TV discussed the detail with Marc Hasenfuss from Financial Mail.
8/31/2023 • 8 minutes, 47 seconds
Santam ups dividend as profit surges
Santam has more than doubled its interim profit. South Africa's largest short term insurer has posted a 146% surge in headline earnings per share, despite adverse weather conditions during the period which drove up claims. Given the strong performance, Santam has upped its dividend by 7%. Business Day TV spoke to the company's CFO, Wikus Olivier for more detail.
8/31/2023 • 8 minutes, 19 seconds
Listen! KAP Industrial takes a profit hit
High finance costs and increased levels of load-shedding have weighed on KAP Industrial. The industrial, chemicals and logistics group recorded a 43% plunge in headline earnings per share. Business Day TV caught up with the company's CEO Gary Chaplin for greater analysis on the annual performance.
BidCorp has weathered tough economic conditions. During the annual period the international food services group delivered a 33.4% increase in revenue and a 35.4% jump in headline earnings per share. Business Day TV unpacked the company's performance with CEO Bernard Benson.
8/30/2023 • 6 minutes, 44 seconds
Listen! Aspen posts 4% drop in annual profit
Aspen posted a 4% drop in annual profit, impacted by higher inflation and a drop in COVID-19 vaccine sales. Business Day TV discussed the results with Group CEO Stephen Saad.
Higher operating costs and inflation heavily impacted Cashbuild's annual performance. The building materials retailer has reported a 56% plunge in annual operating profit and has cut its dividend by 42% . Business Day TV unpacked the performance with CEO Werner de Jager.
8/30/2023 • 7 minutes, 4 seconds
Listen! Stadio's report card boasts strong growth and profitability
Stadio's mid-year report boasts strong growth and profitability. During the first semester, student numbers increased by 9% with profit
jumping more than a fifth. Business Day TV unpacked the performance with the group's CEO, Chris Vorster.
8/30/2023 • 9 minutes, 11 seconds
Listen! Harmony Gold returns to profit
Harmony Gold is back in the black. The yellow metal miner has posted a $275m profit for the year to end June from a net loss of $48m in the prior period. The swing was supported by increased output and better grades at some of its underground mines in South Africa. Its flagship Mponeng mine was a particular standout with production there jumping 22%. Business Day TV spoke to the CEO of Harmony Gold, Peter Steenkamp for more insight.
8/30/2023 • 10 minutes, 24 seconds
Listen! Unpacking the drivers behind Motus' annual performance
Motus' full-year revenue has accelerated by 16% due to positive contributions from all the automotive group's business segments. But the momentum failed to filter down to the bottom-line as headline earnings per share grew a tepid 1%. Business Day TV spoke to the company's CEO, Osman Arbee for more detail.
8/30/2023 • 7 minutes, 39 seconds
Listen! Super Group's diversification strategy pays off
Super Group's diversification strategy has given it a boost. During the full-year period the logistics company reported a 30.6% jump in revenue while headline earnings per share came in 23.3% higher. Business Day Tv spoke to the company's CEO Peter Mountford, about the annual performance.
8/29/2023 • 7 minutes, 34 seconds
DA calls for dissolution of Joburg metro council
The Democratic Alliance (DA) is expected to put forward a motion calling for fresh elections at this week's council meeting. The DA believes the dissolution will give voters a chance to elect a new, 'more stable' city council. Belinda Kayser-Echeozonjoku, DA Caucus Leader in City of Johannesburg joined Business Day TV to unpack this decision.
8/29/2023 • 8 minutes, 47 seconds
Mnangagwa wins Zimbabwe re-election after troubled vote
Zimbabwean opposition party, United Zimbabwe Alliance has condemned the manner in which the overall election took place. Business Day TV spoke to the party's president Elisabeth Valerio for more insight.
8/29/2023 • 8 minutes, 57 seconds
Transnet sues Sasol and TotalEnergies
Transnet is suing Sasol and TotalEnergies for R1.3bn. The state-owned freight and ports company is accusing the firms of short-paying tariffs. Business Day TV unpacked the story in detail with Business Day's Kabelo Khumalo.
8/29/2023 • 7 minutes, 34 seconds
Master Drilling says it's had an 'excellent start' to 2023
Master Drilling says it's had an excellent start to its 2023 financial year. The rock boring and drilling specialist has delivered a 12% jump in revenue for the six months to end June and an 8% rise in profit. Business Day TV drilled into the performance with the group's CFO, André van Deventer.
Italtile says its annual results have failed to meet the firm's expectations but it believes it has delivered a solid performance under very difficult circumstances. Business Day TV unpacked the details of the company's results with CEO Lance Foxcroft.
8/28/2023 • 7 minutes, 17 seconds
Listen! AdvTech hikes dividend as interim profit leaps
AdvTech has posted a 24% jump in half-year headline earnings per share as it continues to see strong demand for private education. Business Day TV discussed the results with the firm's CEO, Roy Douglas.
8/28/2023 • 7 minutes, 5 seconds
Trade of The Week - 28 August 2023
Business Day TV speaks to Founder of Herenya Capital Petri Redelinghuys for his trade of the week.
8/28/2023 • 17 minutes, 32 seconds
China-Africa relations in focus post Brics Summit
Following the 15th BRICS Summit, Business Day TV caught up with David Monyae, Director of the Centre for Africa-China Studies at UJ for his take on the impact of China's aid and investment policies on African countries and what a deeper relationship between the parties means for the continent at large.
8/28/2023 • 10 minutes, 3 seconds
Eskom juggles options for municipalities that can't pay their bills
Amidst the flow of funds from the Treasury to fulfil Eskom's R254bn debt relief plan, a looming challenge lies in the escalation of outstanding debt owed by local municipalities; threatening the power utilities' financial stability. Business Day TV spoke to energy writer for Business Day, Denene Erasmus for more detail.
8/28/2023 • 9 minutes, 8 seconds
AI's role in shaping the global and local economy
The Southern Africa Telecommunication Networks and Applications Conference, known as SATNAC is underway with industry giants and innovators gathered to focus on some of the latest developments in the global ICT space and right now it's all about Artificial Intelligence. To discuss the topic in detail, Business Day TV spoke to Mmaki Jantjies, Group Executive for Innovation and Transformation at Telkom.
8/28/2023 • 9 minutes, 19 seconds
BRICS: SA positions itself as gateway to Africa
The African Continental Free Trade Agreement has been lauded as the biggest free trade accord in the world. The agreement aims to boost intra-Africa trade by 60% as of next year. Unlocking trade and investment was a key focus at the 15th BRICS Summit this week. Business Day TV caught up with Stavros Nicolaou, Head of the BRICS Business Council at the event for more insight on how SA can leverage off the agreement.
8/25/2023 • 5 minutes, 18 seconds
BRICS Post-mortem
The BRICS bloc of developing nations has concluded its 15th summit. Business Day TV spoke with reporter Ntaoleng Lechela and explored some of the pivotal discussions held at the summit this included a look at the bloc's expansion plans, currency shifts, and collaborative efforts toward a more inclusive global economy.
8/25/2023 • 7 minutes, 26 seconds
Strong demand for logistics solutions boost Grindrod
Grindrod has posted a 26% jump in interim core headline earnings as strong demand for logistics solutions offered a boost. The group saw its Maputo port increasing volumes by 30% during the period while its Mozambique dry-bulk terminals in Maputo grew volumes by 17%. Business Day TV unpacked the performance in greater detail with the company's CEO, Xolani Mbambo.
8/25/2023 • 7 minutes, 41 seconds
Listen! Outlook for Africa's commodities market
Growth in Africa's key commodities came under pressure this year amid heightened geopolitical frictions and China's slow post-Covid recovery but the outlook has brightened with world growth set to pick ups and as supply chain and energy bottlenecks ease. Business Day TV discussed the outlook for Africa's commodities market with Vinesh Chetty, Head of Energy Commodities at Afriforesight.
8/24/2023 • 6 minutes, 17 seconds
Listen! Employment initiatives in SA
Unemployment in South Africa is at a staggering 32.6%, casting a spotlight on the urgent need for effective employment strategies. This reality compels us to hold a magnifying glass to the essential components of successful employment programs as well as examine the role of government and the private sector partnerships. Business Day TV did this with CEO of YES, Ravi Naidoo and Independent Economist, Duma Gqubule.
8/24/2023 • 18 minutes, 18 seconds
Listen! Outlook for cocoa prices
Cocoa prices are soaring and while this is bad news for chocolate makers, the outcome for cocoa producers is sweet. Leeuwner Esterhuysen, Economist at Oxford Economics Africa discusse dhis outlook for the cocoa market and what this means for West Africa given that the region grows 70% of the world's cocoa.
8/24/2023 • 8 minutes, 52 seconds
Listen! Betting on SA's grand hotel recovery
Amidst the aftermath of the pandemic, South Africa's tourism sector is experiencing a revival. Club Med plans to build its first South African resort in KwaZulu-Natal. The move is being taken as a signal for renewed investor interest in local travel and tourism. The decision also comes despite challenges like load-shedding and high interest rates. Business Day TV spoke to Financial Mail's Giulietta Talevi for more detail.
8/24/2023 • 7 minutes, 27 seconds
Listen! Unpacking SA's relationship with China
With the BRICS summit underway, the spotlight has been put on relations between China and South Africa. Business Day TV reporter, Ntaoleng Lechela unpacked this in more detail in this report.
8/24/2023 • 2 minutes, 50 seconds
Listen! BRICS day 2 programme kicks off at SA's JSE
Day 2 of the 15th BRICS Summit kicked off at the JSE, with a focus on the role of capital markets in driving sustainable economic growth. Business Day TV reporter Ntaoleng Lechela, spoke to Gauteng MEC for Economic Development, Tasneem Motara on the sidelines of the Summit.
8/23/2023 • 7 minutes, 59 seconds
Listen! Sasol lowers dividend after R37bn asset writedown
Sasol has posted a 65% slide in earnings before interest and tax and has lowered its final dividend by 32%. The energy and chemicals business had to shoulder asset writedowns during its annual period, and had to contend with a softer brent crude oil price. Business Day TV unpacked the performance with Group CEO, Fleetwood Grobler.
8/23/2023 • 8 minutes, 15 seconds
Listen! DRDGold's annual results shine despite less output
Tailings retreatment group, DRDGold has produced a 13% rise in headline earnings per share thanks to a higher gold price which helped offset a fall in output and sales. Business Day TV dug into the performance with the company's CEO, Niel Pretorius.
8/23/2023 • 7 minutes, 35 seconds
Listen! 15th BRICS Summit is underway
With the 15th BRICS Summit underway, Business Day TV reporter, Ntaoleng Lechela provides an update on the ongoing events at the conference.
8/23/2023 • 2 minutes, 52 seconds
Listen! BRICS 15th Summit in focus
We look closely at the ongoing 15th BRICS Summit and its role in driving global progress for member nations and emerging markets with Editor at Large for Business Day, Hilary Joffe. She spoke to Business Day TV about the potential for new BRICS members, trade and investment prospects, the de-dollarization trend, and strategies for South Africa to sustain its significance within the alliance.
8/23/2023 • 6 minutes, 51 seconds
Listen! Spur posts profit bump
Spur has posted an 80% jump in annual earnings per share. The restaurant group says growth was supported by its resilient business model. Business Day TV discussed the performance with CEO Val Nichas.
8/22/2023 • 8 minutes, 5 seconds
Listen! Assessing Nigeria's price pressures
Nigeria's inflation sat at an 18-year high of 24.1% in July, largely driven by food and transport increases. Citizens have taken to the streets in protest against the cost-of-living crisis which has been exacerbated by the removal of the fuel subsidy. Business Day assessed Nigeria's price pressures in greater detail with Ridle Markus, SSA Macroeconomist at Absa CIB.
8/22/2023 • 7 minutes, 50 seconds
Listen! BRICS: State of SA's manufacturing sector
Hot on the heels of the 15th BRICS Summit President Ramaphosa announced that South Africa's load-shedding woes will end next year. The BRICS Bank in the meantime has committed to assist South Africa with its energy crisis. Mamiki Matlawa, Business Development Executive of ACTOM, a supplier of electrical equipment, is in attendance at the event, and Business Day TV spoke to her about the state of the country's manufacturing sector and its role in securing the continent's energy future.
8/22/2023 • 7 minutes, 32 seconds
Listen! BLSA Slams electricity bill delay as 'appalling'
Business Leadership South Africa (BLSA) has slammed the delay of the Electricity Regulation Amendment Bill. BLSA says the bill, which is facing administrative hurdles after gaining cabinet approval in March,
is central to the joint efforts of business and government to solve the electricity crisis. Business Day TV spoke with Linda Ensor from Business Day who provided further insight.
8/22/2023 • 6 minutes, 12 seconds
Listen! Thungela Resources cuts interim dividend as profits fall
Downbeat coal prices and rail issues have hit Thungela Resources. During the interim period the miner reported a 67% plunge in headline earnings per share, this resulted in an 83% decline in its dividend. Business Day TV unpacked the company's half-year performance report with CEO, July Ndlovu.
8/21/2023 • 6 minutes, 9 seconds
Listen! Curro's profit grows as enrolments rise
New learner enrollments have boosted Curro's profits. The private schooling group has posted a 3% rise in learner numbers and a 36% jump in recurring headline earnings per share. Despite the performance, Curro's board has decided to withhold half-year dividends. Business Day TV spoke to Curro's CEO Cobus Loubser, for more detail on the group's performance.
8/21/2023 • 8 minutes, 12 seconds
Trade of The Week - Barloworld, Mondi, Mondi, Anglo American, Bidcorp and Investec.
In Trade of The Week, Unam Capital's Loyiso Mpeta Loyiso Mpeta provides quantechmental analysis on Barloworld, Mondi, Mondi, Anglo American, Bidcorp and Investec.
8/21/2023 • 18 minutes, 2 seconds
Growing Africa's tech startups
With over 800 million mobile subscribers, Africa's ground is rich for establishing startups in the tech sector but the continent's startup ecosystem is still in its early stages. Founders Factory Africa has secured $113 million to help accelerate tech startup growth on the continent. Business Day TV spoke to Bongani Sithole, CEO of Founders Factory Africa for more insight on how to grow tech startups.
8/21/2023 • 9 minutes, 10 seconds
2023 BRICS Summit outlook
The BRICS summit will take place in Johannesburg on 22 August, under the theme 'BRICS & Africa'. Governments and leaders of 40 nations will be in attendance, discussing amongst others, equitable development, education transformation and African trade empowerment. Business Day TV's reporter, Ntaoleng Lechela discussed the outlook and development agenda of the summit.
8/21/2023 • 6 minutes, 14 seconds
Multiparty power-sharing pact for 2024 elections
Seven political parties have joined forces to form the Multiparty Charter of South Africa. The coalition is aimed at toppling the ANC in the 2024 national election. Business Day TV spoke to Political Analyst, Ongama Mtimka for his assessment of the body and its chances of success in the election.
8/21/2023 • 7 minutes, 18 seconds
Cell C - SA's 4th largest mobile operator in focus
Cell C, the fourth-largest mobile operator in SA, is still battling a number of serious difficulties. Those being complex debt restructuring challenges, subpar performance, and a high CEO turnover rate. Business Day TV spoke with Business Day's Technology Corresponded, Mudiwa Gavaza who unpacked Cell C's challenges
8/18/2023 • 10 minutes, 57 seconds
Crypto Chat - Assessing the crypto currency market
America's regulatory crackdown on the crypto currency market has caused Bitcoin to drop to a two-month low. Business Day TV spoke to Christo de Wit from Luno for an in-depth assessment of the crypto currency market.
8/18/2023 • 7 minutes, 57 seconds
Listen! Exxaro Resources posts 32% drop in interim profit
Lower thermal coal prices, logistics challenges and lower Eskom offtake weighed on Exxaro's interim performance. The miner's posted a 15% drop in revenue and that contributed to a 32% profit plunge. Business Day TV spoke to Group CEO, Nombasa Tsengwa for more insight on Exxaro's results.
8/17/2023 • 9 minutes, 1 second
Listen! Standard Bank delivers double-digit profit growth
Standard Bank has reported a profit bump, amid rising credit impairments. During the interim period the lender delivered a 34% jump in headline earnings per share, as it recorded growth across all of its units. Business Day TV spoke to the company's CEO, Sim Tshabalala.
8/17/2023 • 8 minutes, 10 seconds
Listen! SA's economy review
Amid South Africa's load-shedding crisis that's affecting GDP-driving key sectors, the economic performance of the country is in focus, with a look at the manufacturing, mining, retail, agriculture along with insights into inflation and the latest GDP figures. Business day TV spoke with Independent Economist Elize Kruger AND Chief economist at Investec, Annabel Bishop who gave expert analysis on the country's economic performance.
8/17/2023 • 17 minutes, 41 seconds
Mozambique post Cyclone Freddy
Post the devastation of Cyclone Freddy, Mozambique's economy is on the mend. The East African nation grew 4.67% in the second quarter and is still betting on its LNG prospects for further improvement. Business Day TV assessed the state of Mozambique's economy with Gerrit Van Rooyen Economist at Oxford Economics Africa.
8/17/2023 • 8 minutes, 12 seconds
Gold Fields reports profit slump
Gold Fields' interim profit has declined 11%. This as the miner had to contend with lower sales and production during the period. Despite this, the company has raised its interim dividend by 8.3% to 325c per share while keeping its full-year guidance unchanged. Business Day TV spoke to company's interim CEO, Martin Preece for his take on the performance.
8/17/2023 • 8 minutes, 26 seconds
Business Confidence stable but subdued
Business morale has edged lower. In July the Sacci Business Confidence Index declined by 1.5 index points to 107.3. This as businesses struggle with power outages, slow growth and the impact of the Russia-Ukraine war on commodity prices. Business Day TV unpacked the print in greater detail with Mtho Xulu, President of Sacci.
8/17/2023 • 10 minutes, 6 seconds
The resilience of SA's economy
The International Monetary Fund has flagged a potential growth rate of 3% for South Africa, if the country tackles its structural issues. Business Day TV spoke to Max Alier, Resident Representative of the IMF, for more detail.
8/16/2023 • 9 minutes, 10 seconds
Rand swings above R19
The local unit is taking strain, and is trading above the R19 mark against the dollar. The performance has mainly due to international factors like the stronger dollar and the health of the Chinese economy. Business Day TV caught up with Forex Structurer from RMB for more detail on the currency scene.
8/16/2023 • 3 minutes, 44 seconds
Kenya, Mozambique & Zambia in focus
The Central Bank of Kenya recently retained its interest rate at 10.50%. In the same region, Mozambique has received a credit rating upgrade from Moody's while Fitch did the same for Zambia. Business Day TV unpacked these developments with RMB's Africa Economist, Daniel Kavishe.
8/16/2023 • 8 minutes, 12 seconds
How SA is losing out on its own renewables boom
As South Africa faces an intensifying energy crisis and increased spending on solar panels and energy storage imports, it appears that the move towards renewable energy is gaining momentum. This shift, however, has highlighted a growth gap in the local manufacturing industry. Energy Writer for Business Day, Denene Erasmus spoke to Business Day TV about how South Africa is losing out on its on renewables boom.
8/16/2023 • 7 minutes, 35 seconds
Coal miners under fire over occupational diseases
Richard Spoor Attorneys is launching a class action lawsuit on behalf of coal mineworkers, as a number of coal workers suffer from coal mine dust lung disease and associated diseases. South32, BHP and Seriti Power are the targets of the action but the same is about to follow for Exxaro, Glencore and Anglo Coal. Business Day TV spoke to Richard Spoor, Human rights attorney at Richard Spoor Attorneys for more detail on the case.
8/16/2023 • 9 minutes, 36 seconds
Listen! Tackling SA's high unemployment rate
The Stats-SA Quarterly Labour Force Survey reports that SA's jobless rate edged lower in the second quarter, now sitting at 32.6%. Business Day TV discussed how South Africa can create a pipeline of skills leading to future emerging jobs for its workforce with Mapule Ncanywa, Chair of the BRICS Business Council Skills Group.
8/15/2023 • 8 minutes, 55 seconds
Listen! HomeChoice's earnings remain flat
HomeChoice has hiked its interim dividend, lifting it by 9.3%. This comes despite reporting flat revenue and profits, with headline earnings per share coming in just over 143 cents. Business Day TV unpacked the numbers with the company's CEO, Sean Wibberley.
8/15/2023 • 8 minutes, 6 seconds
Digital banking in Africa
Half of the African continent remains unbanked. This presents an opportunity for digital banking to grow on the continent given that
card payment infrastructure is lacking while mobile phone penetration is higher. Business Day TV spoke to Sisonke Mgwebi, Consultant at Frost & Sullivan for more insight on the rise of digital banking in Africa
8/15/2023 • 6 minutes, 35 seconds
Capitec warns of ripples from vat dispute with SARS
Amid a prolonged legal battle, Capitec's bid to deduct the VAT that's tied to its loans and insurance policies is still under SARS' scrutiny. The bank warns that the Constitutional Court's possible verdict of favouring SARS could ripple through the banking sector, affecting credit availability and consumers. Kabelo Khumalo, Business Day's Company and Markets editor unpacked this in greater detail with Business Day TV.
8/15/2023 • 8 minutes, 11 seconds
Unemployment rate down slightly in Q2
South Africa's jobless rate improved slightly in the second quarter, falling to 32.6% from to 32.9% previously as five of the nine sectors monitored by Stats SA recorded employment gains during the period. Business Day TV unpacked the print in greater detail with Independent Economist, Duma Gqubule.
8/15/2023 • 8 minutes, 28 seconds
MTN delivers a 'solid' interim performance
Despite operating in a tough macroeconomic environment, MTN has delivered a rise in profit. During the interim period Africa's largest mobile operator reported a 7.1% increase in headline earnings per share. Business Day TV caught up with the company's CFO, Tsholo Molefe to discuss the numbers and the recent investment in MTN's fintech unit.
8/14/2023 • 7 minutes, 45 seconds
Absa posts profit despite higher impairments
Absa has posted a near 3% rise in interim profit despite a rise in impairments. Elevated interest rates and higher inflation contributed to a jump in bad debts, with the bank recording a 70% surge in credit card impairments in the six months to end-June. Business Day TV spoke to Absa's Group Financial Director, Jason Quinn for more detail on the performance.
8/14/2023 • 8 minutes, 6 seconds
Trade of The Week - Woolworths | Richemont | Gold Fields | 14 Aug 2023
Founder of Herenya Capital, Petri Redelinghuys provided tech analysis on Woolworths, Richemont and Gold Fields.
8/14/2023 • 18 minutes, 9 seconds
Bridging the education gap in Africa
According to UNESCO, 9 million girls between the ages of 6-11 years in Sub-Saharan Africa will never attend school compared to 6 million boys in that age category. Business Day TV spoke to Owen Skae, Director of Rhodes' Business School about bridging the education gap on the continent.
8/14/2023 • 7 minutes, 40 seconds
Jacob Zuma granted a remission of sentence
Former president Jacob Zuma will not return to prison after he was granted a remission of sentence. The remission sentence that Zuma qualified for is granted to 'low-risk' offenders and was introduced during his presidency in 2012. Business Day TV spoke to Sunday Times Reporter, Unathi Nkanjeni for more detail.
8/14/2023 • 6 minutes, 33 seconds
Absa's posts slight rise in profit, lifts dividend by 5%
Absa's interim headline earnings per share rose by just 3%, as the lender battled the effects of higher interest rates and inflation which ultimately led to a 60% jump in credit impairments. Despite the performance, the group has upped its interim dividend by 5%. Business Day TV unpacked the performance in greater detail with Kokkie Kooyman, Banking Analyst at Denker Capital.
8/14/2023 • 7 minutes, 29 seconds
Impact of International energy changes on Angola
Angola has some of the biggest untapped oil and gas reserves on the African continent. Ahead of the nation's 2023 Oil & Gas conference, Business Day TV caught up with Devi Paulsen-Abott, CEO of ECP, and the organiser of the event, for more insight on the impact of international
8/11/2023 • 10 minutes, 10 seconds
Bringing Edgars back to life
Clothing retailer Edgars was a casualty of the pandemic. Retailability however acquired the group during that time and is now betting on e-commerce to help manage the group's turnaround. Business Day TV spoke to Norman Drieselmann, CEO of Retailability for greater perspective on the group's online plans for Edgars and other trends expected in the industry in the medium term.
8/11/2023 • 11 minutes, 28 seconds
Slow start to Q3 economic activity
Economic activity declined slightly in July. The freight industry came to a halt as a result of the return of stage 6 load shedding and interruptions in the transportation sector. The monthly BankServ Africa Economic Transactions Index, which dropped to 133 in July from 133.9 in June, reflects these difficulties. Business Day spoke to Thuletho Zwane, economics writer at Business Day for more detail.
8/11/2023 • 9 minutes, 8 seconds
CompCom recommends prohibition of Vodacom-Maziv merger
The Competition Commission has recommended against the proposed Vodacom-Maziv merger. The Commission is of the view that the transaction will likely prevent or lessen competition in several markets. Business Day TV unpacked the decision with Competition Commission Principal Analyst, Grusham Mutizwa.
8/10/2023 • 7 minutes, 52 seconds
Mining and manufacturing sectors end Q2 on a high note
The mining and manufacturing sectors have ended the second quarter on a good note as both industris posted growth in June. On an annual basis, mining production expanded 1.1%, while factory activity rose 5.5%. Business Day TV unpacked the prints with RMB Economist, Siobhan Redford
8/10/2023 • 5 minutes, 38 seconds
The Big Idea
US-Africa relations have seen changing strategies under various presidential agendas. Barack Obama emphasized African security and development, Donald Trump overlooked Eastern trade ties, and since his presidency, Joe Biden has aimed to revitalize connections with Africa. Business Day TV explored these shifts and evolving power dynamics between US and Africa, with Deputy Director at the African Center for the Study of the United States, Bob Wekesa and Executive Director at Political Economy Southern Africa, Siya Biniza.
8/10/2023 • 18 minutes, 9 seconds
Economic resilience in parts of SSA
The World Bank projects that growth in sub-Saharan Africa (SSA) will slow to 3.1% from nearly 4% last year. Some countries in the region however, are defying the odds on the growth front. Business Day TV spoke to Jacques Nel, Head of Africa Macro at Oxford Economics Africa for more detail on the pockets of resilience in sub-Saharan Africa.
8/10/2023 • 7 minutes, 44 seconds
Key sectors hit as violent taxi strike grips Cape Town
Cape Town continues to face a crippling taxi strike, which is disrupting economic activity. Absenteeism rates have surpassed 50% in vital sectors, according to Cape Chamber of Commerce and Industry. Tensions between the SA National Taxi Council and City of Cape Town have escalated and have elicited calls for urgent intervention from the Western Cape premier. Sunday Times' Fast News Editor, Andre Jurgens spoke to Business Day TV for an in-depth analysis on the strike.
8/10/2023 • 7 minutes, 9 seconds
All things DBSA: A year of record profits
State-owned entities are infamous for being loss-making but the Development Bank of Southern Africa (DBSA) is an exception having produced record annual profit of R5.2bn. Business Day TV caught up with the bank's CEO, Boitumelo Mosako for more detail.
8/10/2023 • 8 minutes, 16 seconds
Identifying potential insolvency risks
Businesses offering trade credit are seeing a rise in insolvencies with factors like load shedding and higher interest rates contributing to the increase. Business Day TV spoke to Frank Knight, CEO Debtsource, about how businesses can manage credit exposure, as well as how to identify potential insolvency risks.
8/8/2023 • 7 minutes, 59 seconds
Free electricity programme fails to reach most poor households
The South African government's free electricity programme was meant to help 10 million poor households but it has only reached 2.3 million, due to misallocation of funds and poor administration. Business Day TV spoke to Energy Writer Denene Erasmus for more detail.
Artificial Intelligence is shaking up Africa's legal landscape. Some nations on the continent have started creating laws to regulate the technology while others still have no clear strategy to help manage it. Business Day TV spoke to Otsile Matlou, COO of ENSAfrica for greater perspective on the legal changes the technology requires.
8/8/2023 • 7 minutes, 32 seconds
Nedbank posts 10% rise in headline earnings
Strong revenue growth along with associate income of 14% gave Nedbank's first half performance a boost. The growth is largely responsible the lenders 10% rise in headline earnings. Nedbank declared an interim dividend of 871 cents which is 11% higher than that of the previous comparable period. Business Day TV unpacked the performance in greater detail with the company's CFO, Mike Davis.
8/8/2023 • 8 minutes, 22 seconds
Why are foreign investors dumping South African assets?
The JSE has recorded a 54% jump in foreign outflows, reaching R65 billion in 2023, mainly due to poor investor sentiment and legislative changes. Business Day TV spoke about South Africa's investment landscape with Investment Strategist at RisCura, Glenn Silverman
8/7/2023 • 6 minutes, 44 seconds
Trade of the Week - Truworths MTN | Anglo Gold Ashanti | Richemont | Multichoice
Unam Capital's Loyiso Mpeta provides tech-analysis on Truworths, MTN, Anglo Gold Ashanti, Richemont, Multichoice and Anglo Platinum
8/7/2023 • 18 minutes, 33 seconds
Unpacking the Niger coup
In an act of defiance, the Niger Junta have not reinstated President Mohamed Bazoum as per the ECOWAS' deadline to put an end to the coup in the region. Business Day TV unpacked the developments in this regard in greater detail with Everisto Benyera, Associate Professor of African Politics in the Department of Political Sciences at Unisa.
8/7/2023 • 9 minutes, 43 seconds
ANC Old guard fights marriage of convenience
ANC veterans are challenging the party's power-centric approach and resisting alliances with the EFF and Patriotic Alliance. As concerns rise over coalitions in crucial Gauteng areas, both veterans and the ANC Youth League have demanded a reevaluation of ties with the EFF. Natasha Marrian from Financial Mail spoke to Business Day TVfor more insight into the ANC's current coalition dynamics.
8/7/2023 • 11 minutes, 16 seconds
PPC launches new R380 million empowerment deal
PPC has launched a new employee trust that's purchased 10% of the company's share capital, via a loan of R380 million and an additional R975 thousand to help cover the security transfer costs. Business Day TV spoke to Njombo Lekula, MD of PPC SA for more detail.
8/7/2023 • 7 minutes, 20 seconds
Chicken prices set to rise as tariffs are reinstated
Chicken prices are set to increase. Minister of trade, industry & competition, Ebrahim Patel has gazetted a notice to reintroduce anti-dumping duties on chicken, which were suspended 12-months ago to help protect the local poultry industry. Business Day TV spoke to Izaak Breitenbach, GM for the SA Poultry Association for more detail.
8/4/2023 • 8 minutes, 4 seconds
Exploring Zambia's energy market
Zambia has not had load-shedding in over a year. This is major progress given that there was a time that the Southern African nation experienced around 12-hours of daily power cuts. Based on this improvement, Business Day TV spoke to Vickson Ncube, Board Chair of the country's power utility, ZESCO for some insight on how to solve Africa's power crisis.
8/4/2023 • 13 minutes, 21 seconds
Watch: World Cup: Banyana Banyana & Proteas
South Africa's remarkable week unfolds with sporting triumphs - Banyana Banyana's groundbreaking win against Italy in the Soccer World Cup and an intense draw for Spar Proteas in Netball against New Zealand. Sunday Times Sports Reporter Mahlatse Mphahlele spoke to Business Day TV about the team's journey ahead.
8/4/2023 • 7 minutes, 52 seconds
Tiger Brands expands footprint in informal sector
Tiger Brands is eyeing the spaza shop market. The company has launched its route-to-market strategy which is aimed at increasing the marketing and supply of its products in the lower end of the market. Business Day TV unpacked the strategy in greater detail with the Route to Market Manager at Tiger Brands, Garth Fraser.
8/3/2023 • 8 minutes, 12 seconds
Crypto chat - Bitcoin slips under the $30K mark
Bitcoin has kicked off August on a sour note, trading under the $30,000 mark after US lawmakers said that XRP is not a security. Business Day TV discussed the moves playing out in the crypto market with South Africa's country manager at Luno, Christo de Wit.
8/3/2023 • 5 minutes, 2 seconds
Kenya - a year under Ruto's rule
President William Ruto has been in office for nearly a year. During his reign, the East African nation's macroeconomic conditions have experienced a shift and the three major ratings agencies have downgraded Kenya's credit outlook to negative. Business Day TV assessed Kenya's economic and political landscape under Ruto's rule with Shani Smit-Lengton, Economist at Oxford Economics Africa.
8/3/2023 • 8 minutes, 35 seconds
What went wrong for Pick n Pay?
Pick n Pay is grappling with plummeting market share, strategy woes, and it is set to post its first half-year loss. Some investors and retailers believe that the company's situation is linked to the retail company neglecting customer experience as well as executive family-tie management decisions. Business Day TV spoke with Money Editor's Giulietta Talevi for more insight.
8/3/2023 • 8 minutes, 37 seconds
Mpact raises dividend as interim profit leaps
Higher selling prices in Mpact's paper business, coupled with increased profitability in the plastics unit gave the packaging group's interim performance a boost. Mpact grew headline earnings per share by 33% and hiked its dividend by nearly 13%. Business Day TV unpacked the performance with the company's CEO Bruce Strong.
8/3/2023 • 7 minutes, 29 seconds
The JSE's diversification strategy boosts earnings
The JSE's diversification strategy is bearing fruit. Africa's largest stock exchange delivered a 5% rise in half-year revenue and a 12% jump in headline earnings per share, as it benefitted from its focus on new business and growth in net finance income. Business Day TV unpacked the numbers with CEO Leila Fourie.
8/2/2023 • 9 minutes, 35 seconds
ETF market ends July on a strong note
The ETF market has recorded its largest monthly inflow of 2023. In July, inflows rose 9.5% to $58.6 billion, as that market benefitted from the equities rally. Business Day TV caught up with the Head of Client Solutions at 10X Investments, Chirs Rule for further insight.
8/2/2023 • 7 minutes, 46 seconds
Small-scale canegrowers get R176 million boost
South Africa's black and small-scale sugarcane growers are set to benefit from the South African Sugar Association's R176 million lifeline. This comes amid the industry's struggles with the milling sector crisis and financial shocks. SA Canegrowers CEO, Thomas Funke, joins Business Day TV to unpack the funding in greater detail.
8/2/2023 • 6 minutes, 59 seconds
Food security in Africa
According to the U.N, more countries are slipping into acute food insecurity. The Horn of Africa notably is one of the worst affected in this regard. Business Day TV spoke to Thabile Nkunjana, Agricultural Economist at the National Agricultural Marketing Council for an in-depth analysis of the state of food security on the continent.
8/2/2023 • 9 minutes, 20 seconds
New rules rattle online firms
After an extensive 25 month examination of websites and search engines,South Africa's Competition Commission has released a set of influential suggestions aimed at enhancing fairness and competitiveness within the realm of online retail. Business day Writer, Katherine Child spoke to Business Day TV, unpacking the new rules that are rattling online retailers.
8/2/2023 • 14 minutes
Business sounds alarm on unemployment levels
The National Development Plan eyes full employment and poverty eradication by 2030 but with South Africa projected to grow by an average annual rate of 0.75%, Business for South Africa says that the joblessness rate will jump to 38.1% by then. The concern has been raised with President Cyril Ramaphosa. Business Day TV spoke to Martin Kingston, Chair of B4SA for more detail.
8/2/2023 • 7 minutes, 41 seconds
CompCom orders e-commerce sites to assist smaller companies
The Competition Commission has enforced new rules for global e-commerce sites, to provide prominence to local businesses and aid the visibility of local app developers. Business Day TV spoke to James Hodge, Chair of the Online Intermediation Platforms Markets Inquiry, for more detail on the CompCom's Online Platforms Market Inquiry Report.
8/1/2023 • 9 minutes, 22 seconds
Gold demand dwindles in the second quarter
Gold demand has slowed and slipped 2% in the second quarter, mainly due to slower gold purchases by central banks. Business Day TV discussed this in detail with the World Gold Council's Market Strategist, John Reade.
8/1/2023 • 6 minutes, 57 seconds
Rand gains in July
The local unit has made gains in July, trading under R18 on the back of lower levels of load shedding and a weaker dollar for most of the month. Business Day TV unpacked the moves playing out in the currency markets with RMB Trader, Quintin Classen.
8/1/2023 • 5 minutes, 54 seconds
Sharp fall in business activity weighs on Absa PMI
Absa's PMI slipped to 47.3 in July from 47.6 in June. According to the bank, while the decrease is marginal, it does mask substantial changes in some of the major subcomponents like the business activity index, which tanked by almost 11 points. Business Day TV unpacked the print in greater detail with Miyelani Maluleke, Senior Economist at Absa.
8/1/2023 • 7 minutes, 25 seconds
Court dismisses bid to Interdict Eskom's new grid rules
The Johannesburg high court has dismissed G7 Renewable Energies' application to interdict Eskom from implementing the interim grid capacity allocation rules it published in June. Business Day TV spoke to Business Day's Energy writer Denene Erasmus, for more detail.
8/1/2023 • 7 minutes, 48 seconds
Brent on track for biggest monthly gains
Oil is on track to end July on a good note. That's as prices are on course for the biggest monthly gains in over a year on the back of Chinese stimulus and expectations that OPEC will continue output cuts. Business Day T unpacked the moves playing out in the markets with David Elmes from the Warwick Business School.
7/31/2023 • 9 minutes, 6 seconds
Trade of the Week - JSE All Share Index, Capitec and Multichoice.
Petri Redelinghuys, Founder of Herenya Capital, provides technical analysis on the JSE All Share Index, Capitec and Multichoice.
7/31/2023 • 16 minutes, 1 second
Funding Africa's climate action plans
ccording to PwC, Africa needs to spend 10% of its Gross domestic product (GDP) on implementing climate action plans until 2030. Business Day TV spoke to Nasreen Mosam, International Development Leader for PwC Southern Africa for greater perspective on the kind of financing required for Sub Saharan-Africa's climate actions.
7/31/2023 • 8 minutes, 23 seconds
Is the government set to repeat past mistakes at Eskom?
In her article, Editor-At-Large for Business Day Hilary Joffe discusses the contentious debate around Eskom's Komati, Grootvlei, and Camden power stations. She writes that the return to service project, initially a short-term fix, has become a lasting political issue, raising concerns about potential repeated mistakes. Business Day TV delved deeper into this topic with Hilary Joffe.
7/31/2023 • 9 minutes, 16 seconds
Upgrading South Africa's power grid
South Africa's government plans to end load-shedding by December. The state has an energy action plan in place to reach this target and has launched an Energy One Stop Shop, along with an Energy Resilience Fund to address SA's energy needs. Business Day TV spoke to Chris Yelland, Energy Analyst & MD at EE Publishers for his take on government's plans to end the energy crisis.
7/31/2023 • 7 minutes, 52 seconds
Africa's cannabis market - in for high times?
The African Cannabis Report projects that Africa's legal cannabis market will have a growth rate of over 28% by 2026. Business Day TV explored Africa's cannabis market's potential in greater detail with Brian Van Rooyen,
CEO of JSE listed cannabis group, Labat Africa.
7/28/2023 • 7 minutes, 35 seconds
2023 rugby world cup preview
South Africa's national rugby team, the Springboks, are gearing up to face Argentina at Ellis Park in their last home test before the World Cup. The match is scheduled for tomorrow at 17:00. Tickets are available for purchase to secure a spot in the 62,000-seat stadium. The organizers are determined to fill the stadium to capacity, but so far, only 44,000 tickets have been sold. Business Day TV caught up with sports reporter, Liam Del Carme for a preview of the 2023 Rugby World Cup.
7/28/2023 • 9 minutes, 36 seconds
Govt sued over SRD grant exclusion
Institute for Economic Justice and Pay The Grants are suing government. The civil society organisations want the state to increase the R350 Social Relief of Distress Grant and extend its eligibility criteria. Business Day TV unpacked the issues at hand in greater detail with Neil Coleman, Co-Founder & Senior Policy Specialist at the Institute for Economic Justice.
7/28/2023 • 7 minutes, 59 seconds
Spur acquires 60% stake in Doppio Zero
Spur is eying growth opportunities, and has acquired the majority stake in Doppio Zero. The comes as the JSE-listed restaurant group looks to expand its daytime dinning offering. Business Day TV caught up with company's CEO, Val Nichas to unpack the merits of the deal
7/27/2023 • 9 minutes
The Big Idea - The role of civil society organizations in SA's economy and democracy
In South Africa, amidst economic and political challenges, the coordination between civil society organizations, civil society itself, and the government appears out of sync. While CSOs play a vital role in guiding implementation, research agendas, and combatting misinformation, effective collaboration appears to be impacted by a lack of coordination between these entities. Business Day TV spoke CEO of OUTA, Wayne Duvenage and Professor from the Wits School of Governance, William Gumede
about the role of civil society organizations in SA's economy and democracy.
7/27/2023 • 19 minutes, 22 seconds
Algeria and Egypt eye BRICS membership
Algeria and Egypt want to be part of BRICS. Algeria is able to offer the New Development Bank close to $2 billion upon admission while the bloc's plans around a gold-backed currency has prompted Egypt to request membership. Business Day TV spoke to François Conradie, Lead Political Economist at Oxford Economics Africa his take on the BRICS interest.
7/27/2023 • 7 minutes, 6 seconds
Executive Education: business schools in focus
Business schools in South Africa are facing challenges in equipping students to navigate perpetual regional and global crises, especially in the aftermath of the Covid-19 pandemic. Business Day TV spoke to Financial Mail's David Furlonger who shared greater perspective on the topic.
7/27/2023 • 8 minutes, 44 seconds
ArcelorMittal SA swings to H1 loss
ArcelorMittal SA has sunk into the red. The steel giant has produced a loss of R359 billion during its interim period, as the group battled various headwinds which include weaker demand, higher input costs, lower international prices and logistics challenges related to Transnet and load-shedding. Business Day TV unpacked the performance in greater detail with CEO Kobus Verster.
7/27/2023 • 8 minutes, 15 seconds
Unlocking SA’s technology investment potential
Tech-enabled businesses have represented exciting growth opportunities for investors and tech startups continue to show year-on-year growth in funding across the continent. Business Day TV unpacked South Africa's technology investment potential with Nchaupe Khaole, Chief Investment Officer at Mineworkers Investment Company.
7/26/2023 • 9 minutes, 38 seconds
Higher finance costs eat into AECI's earnings
Finance costs weighed on AECI's interim performance, with headline earnings per share increasing only 5%. Business Day Tv unpacked the numbers with CEO Holger Riemensperger.
7/26/2023 • 7 minutes, 58 seconds
Unpacking Russia's relationship with Africa
49 of Africa's 54 countries will participate in the second Russia-Africa Summit set to kick off tomorrow. Africa's food security will be top of the agenda at the meeting which some dub as a bid for allies. Business Day TV unpacked this with John Stremlau, International Relations Expert from Wits University
7/26/2023 • 8 minutes, 53 seconds
MTN lands R1.7bn wireless deal with Gauteng government
MTN has secured a R1.7bn contract to provide wireless internet and telecoms services to Gauteng's provincial government. The contract aims to deliver fibre connectivity across government offices & public institutions in the province. However, MTN's previous dealings with the government have faced legal challenges, with a review ordered for a cellular contract unlawfully awarded, while also becoming one of the preferred mobile communication service providers for the government alongside Cell C and Telkom. For more detail on the story, Business Day TV spoke to writer for Business Day, Mudiwa Gavaza.
7/26/2023 • 9 minutes, 53 seconds
SAA, Takatso deal take-off ready on watchdog approval
SAA is one step closer to being privatised as the Competition Tribunal has given Takatso Aviation the green light to acquire a 51% stake in the airline on condition that there's a moratorium on retrenchments as well as minority shareholders selling their stake. Business Day TV spoke to Takatso's Thulasizwe Simelane for more detail.
7/26/2023 • 7 minutes, 52 seconds
Kumba and Amplats slash dividends after a tough 6-months
Kumba Iron Ore and Anglo American Platinum have both reported double-digit declines in earnings. That's as the miners had to contend with lower metal costs as well as issues at Eskom and Transnet. Business Day Tv unpacked the reports in greater detail with mining analyst, Peter Major from Modern Coporate Solutions.
7/25/2023 • 8 minutes, 25 seconds
Oil trades near 3-month high
Oil prices are hovering near three-month highs. This comes after China unleashed stimulus measures, which are set to boost the economy and drive oil demand. Business Day TV discussed the demand dynamics with Raymond Phillips, Senior Oil Traders at RMB.
7/25/2023 • 4 minutes, 56 seconds
Zimbabwe's central bank $17bn in arrears
Zimbabwe is unable to access credit from international lenders, as its central bank is already $17 billion in arrears. Business Day TV spoke to Development Economist, Prosper Chitambara for his analysis on what it means for Zimbabwe's economy.
7/25/2023 • 8 minutes, 43 seconds
VIP Protection unit officers in court with faces masked
In a high-profile case involving Deputy President Paul Mashatile, eight VIP protection officers linked to an assault incident on the N1 had their initial court appearances at the Randburg Magistrates Court. The efforts of the officers to block the media from court proceedings and have their faces covered, failed when the magistrate upheld press freedom rights in the public interest. Business day TV spoke with Sunday Times reporter, Khanyisile Ngcobo for more detail on the case.
7/25/2023 • 7 minutes, 41 seconds
SA's BRICS ties vs. relationship with the West
As South Africa gears up to host the 15th BRICS Summit, Busi Mavuso, CEO of Business Leadership SA warns that the country's relationship with BRICS should not come at the expense of its trade relationship with the West. Business Day TV spoke to her for more detail on her view ahead of the meeting.