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.
7/25/2023 • 8 minutes, 32 seconds
SA's manufacturing sector in focus
Income from manufacturing production in South Africa increased by 1.6% in 2021, according to the Statistician-General's recent report on the sector's performance. The publication shows that the diesel fuel and automotive segment maintained the largest product position in both 2017 and 2021. Business Day TV spoke to Philippa Rodseth from The Manufacturing Circle for more detail on the sector's performance.
7/24/2023 • 9 minutes, 12 seconds
Downbeat metal prices weigh on Anglo American Platinum
Anglo American Platinum has had a tough six months. The miner had to contend with lower metal prices as well as downbeat production. This hit profits with, headline earnings per share declining 71%, which further resulted in the group slashing its dividend by 85% to R12. Business Day Tv unpacked the numbers with Amplats CEO, Natascha Viljoen.
7/24/2023 • 7 minutes, 20 seconds
Trade of the week - Aspen, Tiger Brands and Sasol
On this episode of Trade of the Week, founder of Herenya Capital, Petri Redelinghuys provides technical analysis on Aspen, Tiger Brands and Sasol
7/24/2023 • 19 minutes, 4 seconds
Fitch downgrades Kenya's credit rating to negative
Pre-pandemic, Kenya was positioned to be one of the top performing economies in the world. The IMF also suggested this earlier this year but things have taken a dramatic turn. On account of worsening macroeconomic conditions, ratings agency Fitch downgraded Kenya's credit rating to negative from stable. Business Day TV spoke to Mpho Molopyane, SSA Senior Economist at Absa CIB for her analysis on Kenya's economic headwind
7/24/2023 • 7 minutes, 45 seconds
EFF Gauteng tie-up on the ropes
ANC Chair Panyaza Lesufi is battling to retain power, facing legal challenges to his slim victory and overwhelming demand for limited youth employment spots. Moreover, the ANC's national leadership is re-assessing their alliance with the EFF, potentially endangering their political control in the region. To unpack the politics of it all, Business Day TV spoke to Financial Mail's Natasha Marrian.
7/24/2023 • 8 minutes, 3 seconds
Govt to go to court to keep vaccine contracts secret
The Department of Health is hell-bent on keeping the vaccine contracts that it signed with pharmaceutical manufacturers during the pandemic a secret. Government will head to court to try and keep this detail under wraps amid expired vaccines possibly costing the country R3.9bn. Business Day TV spoke to Alex van den Heever, Wits University health-care governance expert for more detail on the secrecy surrounding these contracts.
7/24/2023 • 8 minutes, 25 seconds
Assessing economic transformation in SA
BEE is scornfully referred to as a tick box exercise. The Sanlam 2023 Transformation Gauge has affirmed this with its finding that BEE scorecards are not reflective of true transformation on the ground. Business Day TV spoke to Business Times Reporter, Dineo Faku, about economic transformation in South Africa in light of the findings of the report.
7/21/2023 • 8 minutes, 25 seconds
Outlook on Africa's insurance industry
Katlego Thaba, Associate Director for Actuarial Insurance Solutions at Deloitte Africa joined Business Day TV to unpack Deloitte's annual insurance industry outlook which outlines trends and developments in the sector.
7/21/2023 • 8 minutes, 42 seconds
Barbie at the box office: counting the cost
Bringing Barbie to life in a movie has cost $145 million. The film is expected to bag between $80-$100 million in its opening alone. Business Day TV tallied the cost of making the movie with Zaid Kriel, Executive Editor of leading video game and entertainment website, IGN Africa.
7/21/2023 • 9 minutes, 45 seconds
Reserve Bank maintains repo rate at 8.25%
The Reserve Bank's kept the repo rate unchanged at 8.25%, for the first since late 2021. Reserve Bank governor Lesetja Kganyago says this was not the end of the hiking cycle. Business Day TV unpacked the decision with Dawie Roodt, Chief Economist at Efficient Group.
7/20/2023 • 10 minutes, 57 seconds
Karooooo delivers 'solid' growth in the first quarter
Karooooo has continued to deliver upbeat subscriber growth. During the first quarter subscribers grew 14% which boosted revenue, which came in 24% higher. Business Day Tv unpacked the numbers with the company's CEO, Zak Calisto.
7/20/2023 • 7 minutes, 6 seconds
MPC Preview - 20 July 2023
Inflation eased for a second consecutive month in June and prompted many to believe that the Sarb would leave interest rates unchanged at its July meeting while others priced in a hike of 25 basis points. Business Day TV spoke to Andre Cilliers Director & Currency Strategist at Treasury One and Economist at PwC, Xhanti Payi for their views on which way the decision would go.
7/20/2023 • 19 minutes, 13 seconds
Angola's currency woes
Angola's kwanza lost nearly 40% of its value during the first half of this year. The currency is set to be the worst performing on the African continent in 2023. Gerrit van Rooyen, Economist at Oxford Economics Africa joined Business Day TV with his outlook for the Southern African nation's forex market.
7/20/2023 • 8 minutes, 11 seconds
Household financial resilience declines in Q1
According to the Altron FinTech Household Resilience Index, households are worse off financially than they were during the Covid-19 pandemic as financial resilience fell by 2.4% during the first quarter. Business Day TV unpacked the index in greater detail with Independent Analyst, Roelof Botha.
7/20/2023 • 8 minutes, 27 seconds
Putin will not attend BRICS summit in SA
Russian President Vladimir Putin will not attend the 15th BRICS summit in person in South Africa next month. The decision safeguards South Africa from breaking its obligations as a signatory of the Rome Statute by not arresting the Russian head of state. Business Day TV spoke to Thando Maeko, Journalist at Business Day for more detail.
7/20/2023 • 6 minutes, 45 seconds
Unpacking South Africa's energy mix
As South Africa's energy crisis intensifies, calls are growing among experts for a greener energy mix. Business Day TV spoke to Linda Mabhena-Olagunju, the CEO of DLO Energy Resources, for more detail on the wind power space.
7/19/2023 • 7 minutes, 31 seconds
Crypto chat - The cryptocurrency rally takes a breather
The rally in the crypto market has lost some steam, with Bitcoin trading sideways near the $30,000 mark. Business Day TV caught up with Luno's Christo de Wit and he shared insight on the factors influencing crypto moves.
7/19/2023 • 7 minutes, 26 seconds
SA's Exchange Traded Product Industry
Exchange Traded Products (ETPs) have seen continued favour among investors on the JSE. The industry has grown 22.5% between December 2022 and June 2023. Mike Brown, Managing Director at eftSA, joined Business Day TV for a breakdown of ETP sector and its performance.
7/19/2023 • 9 minutes, 32 seconds
Focus on economic reforms & financial developments in Africa
usiness Day TV spoke to Lourens Harmse, Africa Desk Head at RMB for some insight into the financial developments across Africa. These include Nigeria's fuel subsidy removal and its impact on the West African nation's economy and Zambia's debt relief plan.
7/19/2023 • 10 minutes, 19 seconds
Africa's agribusiness to drive economic development
There are growing concerns about global grain prices due to Russia's decision to not renew the Black Sea Grain Deal, which affects grain movement between Ukraine and Russia. Although South Africa has an adequate domestic grain supply, the potential price shocks will impact consumers and the wheat value chain, considering Russia's significant role as a wheat supplier. Monitoring the price reaction and ensuring smooth grain shipments from Russia in the future is crucial to accurately assess the impact on global markets. For more on this Business Day TV spoke to Agbiz's Wandile Sihlobo.
7/19/2023 • 7 minutes, 27 seconds
CPI cools to 5.4% y/y in June
Inflation has eased to 5.4% year-on-year in June from 6.3% previously.
The slowdown was mainly driven by lower food prices during the
period. Inflation is now back within the Sarb's
target range of 3% to 6% for the first time in 14-months. Business Day TV unpacked the print in greater
detail with Azar Jammine, Chief Economist at Econometrix.
7/19/2023 • 4 minutes, 28 seconds
Addressing Transnet's coal locomotive issues
Transnet's railway woes are weighing on its operations. The firm has been unable to run at full capacity due to procurement issues with its biggest supplier, China Railway Stock Corporation. Business Day TV caught up with Bonginkosi Mabaso, Chief Commercial Officer at Transnet Freight Rail at the Coal & Energy Transition Day, and asked him to detail what Transnet is doing to try and solve the issues with its coal locomotives.
7/18/2023 • 7 minutes, 25 seconds
Exxaro prepares to shift from fossil fuels
The imposition of sanctions on Russia may have contributed to the reshaping of the global coal market and provided opportunities for new entrants, but conversations around net zero emissions have triggered a shift towards greener energy solutions. Business Day TV spoke to
Nombasa Tsengwa, CEO of Exxaro, at the Coal & Energy Transition Day about how Exxaro is preparing for the shift away from fossil fuels.
7/18/2023 • 10 minutes, 49 seconds
Reserve bank expected to stand pat on rates
South Africa's central bank is expected to keep rates on hold at its upcoming monetary policy meeting. The bank has raised its benchmark rate by 475 basis points since November 2021, as it has tried to rein in inflation that has been above the 4.5% midpoint of its target range. Business Day TV previewed the MPC decision with RMB Economist Siobhan Redford.
7/18/2023 • 4 minutes, 53 seconds
Nigeria declares state of emergency on food security
Nigeria has declared a state of emergency to improve food security and supply in the West African nation, amid soaring food prices.
Business Day TV spoke to Samuel Oyekanmi Nairametrics, macro-economic research analyst at Nairametrics for more detail.
7/18/2023 • 9 minutes
Focus on SA's energy transition
The second edition of the Coal & Energy Transition Day has kicked off in Johannesburg, where leaders in that industry discuss issues around South Africa's energy needs. Business Day TV reporter Ntaoleng Lechela attended the event and gave insight into the conversations being had between industry leaders.
7/18/2023 • 7 minutes, 20 seconds
Energy Crisis: Refurbishment of Koeberg power station
The Minister of Electricity, Kgosientsho Ramokgopa has expressed deep worry over delays in the refurbishment of Koeberg, South Africa's only nuclear power station. He says this project involves replacing all the steam generators in two of its units; each of which generates 920MW of electricity. Ramakgopa says these delays could lead to prolonged and increased stages of load shedding until 2024. Business Day TV unpacked this in greater detail with Founder of Africa4Nuclear, Princy Mthombeni.
7/18/2023 • 8 minutes, 34 seconds
Have economists overestimated China's recovery?
China's economy grew 6.3% in the second quarter, below economists' expectations of 7.1%. The performance comes as export demand wanes and as downbeat property prices weigh on growth. Business Day TV unpacked the print with Prescient China's Head of Product, Tian Pan.
7/17/2023 • 17 minutes, 46 seconds
Trade of the Week
Unum Capital's Loyiso Mpeta provides technical analysis on Dish Network Corporation, Teladoc Inc and Kraft Heinz Co.
7/17/2023 • 15 minutes
Africa's relationship with the UN
Africa's relationship with the United Nations began in the 1960s. The partnership is focused on the promotion and protection of human rights, as well as supporting economic and social development on the continent. Business Day TV spoke to Cho Kish Keido, Member of the Global Solutions Programme about the relationship, its achievements and merits.
7/17/2023 • 8 minutes, 10 seconds
MTN takes aim at banks by cancelling transaction fees for digital goods
Mobile operator MTN aims to challenge banks by eliminating fees for digital goods like airtime and electricity. The company hopes to attract more customers to its mobile money platform, capitalizing on the growing demand for alternative financial services. With over 289 million subscribers across Africa and the Middle East, MTN sees fintech as a key focus driven by mobile payments. Business Day TV spoke to Business Day writer Mudiwa Gavaza for more detail on the story.
7/17/2023 • 9 minutes, 12 seconds
Attacks on freight trucks - counting the costs
President Cyril Ramphosa recently described the freight truck attacks as economic sabotage. It's estimated that the damage from the initial incidents amounted to between R18m and R60m and those cost are expected to mount as the situation escalates. For more detail on what this means for the sector and the economy, Business Day TV spoke to Mandla Mngomezulu, deputy chairperson at the All Truck Drivers Forum.
7/17/2023 • 8 minutes, 1 second
PwC's global workforce hopes & fears survey
Recent research conducted by PwC reveals that nearly half of Africa's workforce feels that their skills are not fully utilized, with one-third actively looking for new job opportunities due to financial difficulties. Furthermore, PwC's 2023 Global Workforce Hopes and Fears Survey emphasizes that a significant 84% of African participants now consider adaptability and flexibility as the key skills for ensuring career stability in the future. Business day TV unpacked the survey with Workforce of the Future Platform Leader at PwC Africa, Marthle du Plessis.
7/14/2023 • 7 minutes, 55 seconds
'Change is the only certainty as 2024 approaches'
UDM leader Bantu Holomisa aims to reignite South Africans' enthusiasm for the upcoming 2024 elections. Holomisa is calling for a powerful coalition between the ANC and the DA, emphasizing the importance of prioritizing people's interests over ideology. Business Day TV spoke to Deputy Editor for Financial Mail Natasha Marrian who shared more insight on Holomisa's grand coalition advocacy.
7/14/2023 • 7 minutes, 35 seconds
Gauteng on track to establish state-owned bank and pharmaceutical company
The Gauteng provincial government's plans to establish a state-owned bank and pharmaceutical company has received the thumbs up. Business Day Tv caught up with the province's Finance MEC, Jacob Mamabolo for further insight.
7/13/2023 • 9 minutes, 54 seconds
Can Zanu-PF win the Zim election?
Zimbabweans will be heading to the polls in August, during a climate of intensified economic hardship largely driven by hyperinflation and currency issues. Business Day TV spoke to Louw Nel, Senior Political Analyst at Oxford Economics Africa about Zanu-PF's chances of winning the election amid the current circumstances.
7/13/2023 • 10 minutes, 38 seconds
ConCourt rules AARTO Act is valid
The Constitutional Court has dismissed OUTA's legal challenge in terms of the validity of the AARTO Act., which means that the demerit system in terms of traffic offences will take effect. The corruption fighting watchdog in the meantime says that government will have a hard time upholding the lawfulness of this system. Business Day TV unpacked the judgement with Stefanie Fick, Executive director of the Accountability division at OUTA
7/13/2023 • 9 minutes, 25 seconds
Threads becomes the world's fastest growing app
Meta’s new Threads platform has become the world's fastest-growing app after hitting over 100 million users within five days of its launch. Twitter meanwhile has threatened to sue Meta, accusing the firm of hiring former Twitter employees to share trade secrets. Business Day TV spoke to Craig Erlam, Senior Market Analyst at Oanda for more detail.
7/12/2023 • 5 minutes, 39 seconds
Sasol to be prosecuted over gas price gouging
Sasol is to be prosecuted over gas price gouging The Competition Commission says Sasol has been charging excessive prices to its customers for almost a decade. Business Day TV spoke to the competition watchdog's spokesperson, Siya Makunga for more detail on the case.
7/12/2023 • 7 minutes, 5 seconds
Green Hydrogen: Game changer for energy supply in Africa?
Simon van Wyk, Partner and Director for ESG, Sustainability and Risk Advisory at Deloitte Africa says that green hydrogen could be a game-changer for electricity supply in Africa. Business Day TV spoke to him for greater perspective and insight on energy source and its potential.
7/12/2023 • 9 minutes, 40 seconds
US awards Eskom R24m grant for transmission grid
Eskom has received a grant of R24m from the US Trade and Development Agency to help finance its transmission network. This assistance will evaluate the feasibility of incorporating new technologies to improve South Africa's transmission grid. The funding marks a significant step towards achieving a more equitable energy transition. Business Day TV spoke with Energy Writer, Denene Erasmus who gave further insight on the grant
7/12/2023 • 8 minutes, 46 seconds
SA's water shortage-crisis
For maintenance purposes and to ensure water security, the continent's biggest water utility, Rand Water is undertaking a 58-hour water outage in parts of Johannesburg. The utility has blamed issues related to water availability squarely at the feet of municipal mismanagement and capacity issues. Business Day TV spoke to Jennifer Molwantwa, CEO of the Water Research Commission for her take on what's driving the country's current water shortage crisis.
7/12/2023 • 9 minutes, 44 seconds
Local property sector ends Q2 on a sour note
The local property market has taken a knock, with the SA Listed Property Index slipping 7.4% in the second quarter. Business Day TV caught up with MD & CEO of Rode Associates, Erwin Rode for a look at the factors weighing on the industry.
7/11/2023 • 5 minutes, 9 seconds
Factory activity jumps in Maya
Manufacturing activity has increased in May. Output jumped by 2.5%, mainly due to an uptick in production from manufacturers of motor vehicle, parts and other transport equipment as well as basic iron and steel. Business Day TV unpacked the print with RMB economist, Siobhan Redford
7/11/2023 • 6 minutes, 2 seconds
Inflation trends in sub-Saharan Africa
Global inflation is starting to show signs of easing. Many African countries in the meantime still have some of the highest inflation rates in the world. Business Day TV explored inflation trends in sub-Saharan Africa with Ridle Markus, SSA macroeconomist at Absa CIB.
7/11/2023 • 8 minutes, 50 seconds
High Court orders SAPO's Business Rescue
The Post Office has been placed under business rescue despite provisional liquidators for the entity pointing out that it may not be the best option to save the group. A High Court Judge also highlighted that liquidating the SOE may have far reaching consequences for the entire economy. Business Day TV assessed the options in greater detail with Gareth Cremen, Partner in Business Restructuring, Rescue and Insolvency at Cox Yeats.
7/11/2023 • 7 minutes, 54 seconds
Postbank stands to lose R3.5bn as post office pleads for business rescue
The Post Office has entered business rescue, resulting in substantial financial losses of around R4bn and the potential loss of 7,000 jobs within its subsidiary, Postbank. Adding to the bleak situation, the group's deposits, totalling just over R8bn, lacks legal protection. Moreover, doubts persist regarding Postbank's eligibility as a fully-fledged state-owned bank. Business Day TV spoke to Business Writer, Katherine Child for more insight.
7/11/2023 • 8 minutes, 50 seconds
SAB intensifies localisation efforts
South African Breweries has intensified its localisation push, saying it believes that investing and forming partnerships with SMMEs is critical to SA's economy. Business Day TV spoke to SAB's CEO Richard Rivett-Carnac about some of the group's initiatives.
7/10/2023 • 7 minutes, 19 seconds
Using free trade to solve Africa's energy crisis
Africa is experiencing an energy crisis and with the Africa Free Trade Agreement eliminating tariffs on most goods, Mervyn Naidoo, CEO of electric equipment supplier ACTOM and Chair of the Manufacturing Circle says we can solve the energy woes using free trade. Business Day TV spoke to him for more detail.
7/10/2023 • 9 minutes, 39 seconds
Rethinking transportation in SA
Minibus taxis remain the main mode of transport in South Africa. The railway network in the meantime
is on the brink of collapse while the country eyes new high-speed trains. In the meantime, the 41st annual South African Transport Conference is underway looking at rethinking transportation locally. Business Day TV spoke to Mathetha Mokonyama, Chair of the conference for more detail on what a reimagined transport system looks like for South Africa.
7/10/2023 • 6 minutes, 34 seconds
'Mashatile's security highlights the culture of impunity within SA'
According to the Financial Mail, the use of blue lights on vehicles by politicians and VIPs has come to symbolize the abuse of power and disregard for the law in South Africa, and this is echoed by a video showing members of Deputy President Paul Mashatile's security team brutally assaulting two motorists. Business Day TV spoke to the Financial Mail's Shirley de Villiers, about why she feels this incident highlights a lack of accountability and consequence when it comes to official's securities.
7/7/2023 • 10 minutes, 12 seconds
TikTok shakes up SA social media 'big five'
South Africa's social media platforms have been shaken up by Tiktok. The short-form video hosting service has a penetration at 57% and is growing in popularity. Business Day TV spoke to Arthur Goldstuck, MD of WorldWideWorx for greater perspective on what this means for businesses and advertising moving forward.
7/7/2023 • 8 minutes, 27 seconds
SA's cinema market post-Covid
Attendance at Ster-Kinekor is below 50% post the Covid-19 pandemic, as streaming options and online subscription video on demand services became popular during lockdowns. Business Day TV spoke to Mark Sardi, Group CEO of Ster-Kinekor for more insight around South Africa's cinema market.
7/7/2023 • 11 minutes, 7 seconds
Inflation expectations rise
The cost of living in South Africa is expected to pick up. The Bureau for Economic Research has released its inflation expectations survey, which shows that analysts, business people and trade unions believe that inflation will tick up to 6.5% in 2023. Business Day TV spoke Hugo Pienaar, Chief Economist at the Bureau for Economic Research, for more detail on the survey.
7/6/2023 • 9 minutes, 21 seconds
BlackRock expects market volatility to persist in 2023
BlackRock has released its mid-year markets outlook. The global asset manager has stuck to its guns, remaining cautious when it comes to navigating global markets, as risks such as tight monetary policy and slowing growth persist. Business Day TV spoke to BlackRock's Global Chief Investment Strategist, Wei Li for more detail.
7/6/2023 • 8 minutes, 30 seconds
Crypto chat - Crypto market soars in the first 6-months of 2023
The cryptocurrency market has had an upbeat 2023, with the total market capitalization increasing by more than 50% in the first half. Business Day Tv discussed the factors boosting growth in that market with the SA Country Manager at Luno, Christo de Wit.
7/6/2023 • 6 minutes, 13 seconds
The Big Idea - AI adoption
We explore the advancing impact of AI on sectors and economies, adoption challenges, private-public sector balance, and workforce skills with a focus on Southern Africa and the global economy at large, we discuss motivations, competitiveness restrictions and regulations. Business Day TV spoke with International AI thought leader, Johan Steyn and Associate Professor at the Wits Business School, Gregory Lee who gave valuable insights on AI adoption.
7/6/2023 • 18 minutes, 42 seconds
Assessing Tinubu's first month in office
Nigerian President Bola Tinubu has been in office for just over a month. During this time significant economic and policy shifts have been executed such as the scrapping of petrol subsidies and firing Godwin Emefiele as Central Bank Governor. Business Day TV assessed Tinubu's first month in office with Pieter Scribante, Political Economist at Oxford Economics Africa.
7/6/2023 • 7 minutes, 51 seconds
High court dismisses Zuma's attempt to privately prosecute Ramaphosa
Former President Jacob Zuma's attempt to privately prosecute President Cyril Ramaphosa has been deemed "unlawful and unconstitutional" by the high court. Zuma accused Ramaphosa of being involved in the alleged leaking of confidential medical information. However, the court has dismissed this bid. To provide more insight, Business Day TV spoke to Tauriq Moosa, Legal Reporter for Business Day.
7/6/2023 • 8 minutes, 45 seconds
Stanlib CEO highlights pressing issues for asset managers
Stanlib CEO Derrick Msibi has highlighted two main issues impacting asset managers and the economy. Firstly, the rate at which rich South Africans are leaving the country and the two-pot retirement system kicking in next year. Business Day TV spoke to Derrick for more detail on this and how it impacts the economy and asset managers at large.
7/6/2023 • 7 minutes, 56 seconds
The economic impact of untreated mental health conditions
Unaddressed mental health conditions cost the South African economy an estimated R161 billion annually. Business Day TV spoke to Renata Schoeman, Head of Healthcare Leadership at Stellenbosch Business School for more detail.
7/5/2023 • 8 minutes, 19 seconds
Soft commodity rally fizzles out
The soft commodity rally, which was fueled by the war in Ukraine, has fizzled out. Last week, the asset class recorded losses of 4.5%, with the biggest loser being wheat, sugar and corn. Business Day TV spoke to Rabobank's Paul Joules for his analysis on what's playing out in that scene and the price dynamics at play.
7/5/2023 • 6 minutes, 51 seconds
How has Richemont's share adjustment impacted ETFs?
Luxury goods group Richemont, recently adjusted its weighing on the Top40 index, which initially was around 24% and has since decreased to 4%. Business Day TV spoke to Gareth Stobie from 10X Investments about how this has impacted the ETF market.
7/5/2023 • 9 minutes, 14 seconds
Focus on Africa's China relationship
Trade relations between the China and Africa date back as far back as the 7th century. In 2022, Africa exported goods worth nearly $106bn to China. Business Day TV looked deeper into the Africa-China relationship with Phillip Myburg, Head of Trade for Business and
Commercial Banking at Standard Bank.
7/5/2023 • 7 minutes, 22 seconds
Multichoice investors get French jitters
MultiChoice said in its most recent annual report that Canal+ investment has "garnered ongoing interest of other investors, particularly regarding their intentions". The French company, unlike other investors, has accumulated large chunks of the company, currently owning 31.7% of Multichoice. According to JSE requirements, once investors reach the 35% share ownership in a company, assumptions are that a takeover bid is the driving force. Business Day TV unpacked the detail of the story with Business Day's Mudiwa Gavaza.
7/5/2023 • 8 minutes, 15 seconds
Joburg records highest office vacancy rates in SA
At 18.7%, Johannesburg's office vacancy rate is the highest in the country. This as the sluggish economy weighs on office space demand. Business Day TV spoke to John Loos, Senior Economist for Commercial Property Finance at FNB for greater perspective on what these vacancies suggest about South Africa's labour and commercial property market.
7/5/2023 • 8 minutes, 39 seconds
Digging into the new De Beers-Botswana deal
De Beers is set to keep selling rough diamonds from Botswana for another decade, under a new arrangement between the gem giant and the world's second-largest diamond producer. Business Day TV spoke to Mergence's Mining Analyst, Peter Major to get greater detail on the deal.
7/4/2023 • 8 minutes, 27 seconds
Analysts bet on emerging market currencies
Analysts are betting on emerging markets currencies, after a successful first half. An index compiled by Bloomberg, that measures carry-trade returns from eight emerging markets, climbed 4.7%, with the biggest winners being Mexico's Peso and Hungary's Forint. Business Day TV spoke to RMB's Client Strategist, John Cairns for more detail.
7/4/2023 • 3 minutes, 57 seconds
Regulation in AI industry
The rise of artificial intelligence has brought a wave of innovation but the trend may be stifled by government regulation. Business Day Tv discussed this in detail with Partner at Webber Wentzel, Wendy Tembedza.
7/4/2023 • 7 minutes, 36 seconds
Why Africa needs its own ratings agency
Fitch, Moody's and S&P Global are household names with regards to ratings agencies, even in Africa. The three firms boast control of an estimated 95% of the overall global credit ratings business. But according to the UN, their subjective biases have cost the continent nearly $75bn and so Misheck Mutize, the African Union's Lead Expert for Country Support on Rating Agencies says Africa needs its own ratings agency. Business Day TV caught up with Mutize to discuss this in more detail.
7/4/2023 • 9 minutes, 13 seconds
Unions appalled by 3% pay hike for public office bearers
Public office bearers will receive a 3% wage increase. This follows a recommendation by the Independent Commission for the Remuneration of Public Office Bearers. Cosatu has called the increase a "tone deaf and embarrassing decision" that the President should have rejected. Business Day TV spoke to the union's Matthew Parks for more detail on Cosatu's stance.
7/4/2023 • 9 minutes, 50 seconds
There are early signs of improvement at Eskom, says Ramokgopa
Electricity minister Kgosientsho Ramakgopa is confident in the improvements at Eskom. He says the power utility is spending less time on repairing generation breakdowns and devoting more time to the rising levels of planned maintenance outages. These are 'early signs' of improvement at Eskom which have resulted in fewer and lower stages of load-shedding. Business Day TV unpcked the story in detail with Energy Writer for Business Day, Denene Erasmus.
7/4/2023 • 8 minutes, 2 seconds
New vehicle sales up despite shrinking consumer disposable income
New Vehicle Sales for June show a year-on-year increase of 14% - the second consecutive month in sales this year. Business Day TV further unpacked the numbers and consumer behaviour in the sector with Ravin Sanjith, Automotive Sector Leader at Deloitte AFrica.
7/3/2023 • 9 minutes, 2 seconds
Trade of the Week - 03 July 2023
On this episode of Trade of The Week, Unum Capital's Loyiso Mpeta provides technical analysis for Anglo American Platinum, Impala Platinum, Northam Platinum, Royal Bafokeng Platinum and Sibanye-Stillwater.
7/3/2023 • 16 minutes, 43 seconds
BMW invests R4.2bn to build hybrids in SA
BMW has indicated its confidence in SA. The automotive group will invest R4.2bn in the country to make electric cars at its Rosslyn plant. The move comes at a time when the country is struggling with low levels of confidence as Eskom struggles to supply sustainable power for businesses. Business Day TV spoke to BMW SA CEO Peter van Binsbergen about the move.
7/3/2023 • 7 minutes, 19 seconds
Ramaphosa cleared of wrongdoing in Phala Phala farm robbery
The public protector's final report into the 2020 theft at President Cyril Ramaphosa's private farm has been released and the document has stirred up controversy and diverse opinions on the matter. To unpack the detail, Business Day TV spoke to political editor for Business Day, Hajra Omarjee.
7/3/2023 • 8 minutes, 19 seconds
Absa June PMI at lowest level since mid-2021
For the first time since 2018, all five subcomponents used to calculate the headline Absa PMI are in negative territory and this has led to June's reading sinking deeper into contraction territory. Business Day TV spoke to Miyelani Maluleke, Senior Economist at Absa for more detail.
7/3/2023 • 6 minutes, 51 seconds
Court throws Zimbabwean Exemption permit holders a lifeline
The High Court has thrown over 178 thousand Zimbabwean Exemption Permit holders a lifeline. The court has declared Home Affairs Minister Aaron Motsoaledi's termination of those permits as unlawful, invalid and unconsitutional. Busienss Day TV took at closer look at the ruling with Christopher Fisher, Senior Legal Researcher at the Helen Suzman Foundation.
6/30/2023 • 8 minutes, 12 seconds
BMW invests R4.2bn to build hybrid at Rosslyn plant
The race is on for electric vehicle production. BMW is investing R4.2 billion towards this effort at its Rosslyn plant. The German automaker plans to produce its X3 model as a plug-in hybrid from next year. Business Day TV unpacked the investment with David Furlonger, Editor-at-large for Financial Mail.
6/30/2023 • 8 minutes, 41 seconds
ANC goes on charm offensive
The ANC has gone on the charm offensive with the U.S. The ruling party concedes that its relationship with the West is important amid Russia asking the country to 'pick a side' in the Russia-Ukraine war. Business Day TV unpacked the politics behind the developments with Political Analyst, Ongama Mtimka.
6/30/2023 • 11 minutes, 53 seconds
New energy vehicle landscape in SA
Global supply chain disruptions and skepticism from the government have changed the South African Automotive Sector. Business Day TV spoke to Renai Moothilal, the CEO of the National Association of Automotive Component and Allied Manufacturers to unpack investment plans, job opportunities and strategies for the development of New Electric Vehicles.
6/29/2023 • 9 minutes, 7 seconds
'Can Tiger Brands claw its way back?'
The aristocrat of the South African supermarket sector, Tiger Brands has had a difficult few years, which have been characterized by poor performance, less expensive goods from competitors, growing food inflation, power outages, high interest rates, and logistical snarl-ups. Business Day TV unpacked the brand's performance with Financial Mail's Marc Hassenfuss.
6/29/2023 • 17 minutes, 25 seconds
The Big Idea - How the SBI is working to support small businesses
According to data from the Small Business Institute, in order to surpass the minimal GDP growth criteria, South Africa will need to reassess its strategy for economic growth. With the energy crisis affecting macro and micro enterprises, SMMEs struggling to stay afloat. Business Day TV spoke to the CEO of SBI, John Dludlu on how the SBI is working to support small businesses.
6/29/2023 • 17 minutes, 25 seconds
Ghana's economic growth surprises to upside in Q1
Ghana's economy grew 4.2% in the first quarter, up for 3.7%. This despite the West African nation battling tough economic headwinds which has pushed it to approach the IMF for support. Business Day TV spoke to Pieter du Preez, Senior Economist at Oxford Economics Africa for his assessment of Ghana's economy.
6/29/2023 • 7 minutes, 41 seconds
Consumer confidence plunges to in Q2
Consumer confidence has deteriorated further in the second quarter, falling to -25 index points from -23 points previously. Morale now sits at levels last seen a year ago when the ramifications of the Ruissia-Ukraine war came to light. Business Day TV unpacked the print with Mamello Matikinca-Ngwenya, Chief Economist at FNB.
6/29/2023 • 8 minutes, 39 seconds
Higher interest rates weigh on Schroder REIT
Schroder European Real Estate Investment Trust had a tough six-months. The European landlord, which had to contend with macroeconomic issues, such as higher interest rates and slowing growth, has recorded lower valuations, with property assets falling 4.6% during the period. Business Day TV unpacked the performance with Jeff O'Dwyer, of Schroder European REIT.
6/28/2023 • 8 minutes, 34 seconds
Steep copper concentrate deficit on the cards
The copper concentrate market is under pressure, and a steep deficit is projected between 2025 and 2027. That forecast comes as the mining industry struggles to expand ahead of increased demand. Business Day TV spoke to Seleho Tsatsi from Anchor Capital for more insight.
6/28/2023 • 7 minutes, 14 seconds
Sustainability in SA's mining sector
South Africa's mining sector is investing heavily in renewable energy, amid the green energy transition. Business Day TV unpacked the industry's sustainability goals, benefits and limitations with Joachim Braun, President for Process Industries at ABB.
6/28/2023 • 7 minutes, 46 seconds
Mnangagwa seeks second term, promises to revive Zim Economy
As Zimbabwe gears up for elections in August, the economy is half the size it was since the millennium. President Emmerson Mnangagwa meanwhile has promised to revive the economy as part of his campaign for a second term in office. Business Day TV explored Zimbabwe's current economic climate and Mnangagwa's chances of turning things around in his bid for a re-election.
6/28/2023 • 6 minutes, 51 seconds
Economists Question Efficacy Of Covid Grant In Job Creation
Prof Haroon Bhorat, who serves on the Presidential Economic Advisory Committee, has questioned the effectiveness of the social relief of distress grant. He says it has no positive impact on South Africa's labour market and that the government should rather re-direct funds to the informal and the formal sector for the development of the country. Business Day TV spoke to Thuletho Zwane, Economics Writer for Business Day, for more insight on this.
6/28/2023 • 8 minutes, 17 seconds
House price growth continues on a downward trajectory - FNB
South Africa's house price growth continued its downward trajectory in May, and dropped to 1.9% from 2.1% in April. According FNB House Price Index, affordability remains a challenge for lower income groups despite that decline. Business Day TV spoke to Siphamandla Mkhwanazi, Senior Economist at FNB for more detail
6/28/2023 • 9 minutes, 28 seconds
Emigration trends and SA growth
Emigration is posing a risk to South Africa's tax system According to the Africa Wealth Report, the number of high-net-worth South Africans with more than $1 million in 'investable wealth' declined by 690 to 37,800, with 400 of them having emigrated in the past year. The exodus has raised concerns around the country's tax revenue and economic growth, as the tax system relies on a few top-earners. Business Day TV spoke to Investec Economist Lara Hodes joins us now for her take on what this means for the economy
6/27/2023 • 9 minutes, 13 seconds
The rand's rollercoaster ride
The past few months have been a rollercoaster ride for the rand as it had to contend with a stronger dollar and geopolitical but the local unit has seen some improvement. Business Day TV caught up with RMB's Forex structurer, Rayno Nigrini for a look at the factors boosting the rand.
6/27/2023 • 6 minutes
Naspers and Prosus' annual earnings plunge
Naspers and Prosus have reported downbeat results, with both firms' earnings slumping over 70% in the annual period. This comes as one of the firms' biggest contributors, Tencent, dealt with pandemic-related lockdowns and regulations in China. Business Day TV unpacked the results with Wealth Manager at PSG Wealth, Schalk Louw.
6/27/2023 • 9 minutes
Africa's transshipment hubs potential
According to Frost & Sullivan, international maritime trade totalled just over $3 billion last year and is projected to hit $5.4 trillion in 2026. In order for Africa to benefit from this forecasted upside in the global maritime sector, Nomvo Kasolo from Frost & Sullivan says it's important to tap into the continent's transshipment hubs' potential. She joined Business Day with more insight.
6/27/2023 • 7 minutes, 26 seconds
Why Poland is still hot property
Growthpoint and Redefine Properties, are the two South African real estate investment trusts that have grown into successful players in Eastern Europe. Despite the region being viewed as a hedge against the weakening rand, South African investors are still warned to consider diversification when entering the EU regions' markets. Business Day TV unpacked this in greater detail with Financial Mail's Property writer Joan Muller.
6/27/2023 • 7 minutes, 20 seconds
Total employment fell by 97K y/y in March
Total employment in South Africa edged lower by 1% year-on-year in March. On a quarter-on-quarter basis it pulled back by 0.2% largely driven by job losses in trade while the community services sector was responsible for adding jobs during the period. Business Day TV unpacked the print in greater detail with Kevin Lings, Chief Economist at Stanlib.
6/27/2023 • 9 minutes, 20 seconds
Invicta weathers tough trading conditions
Invicta has delivered double-digit profit growth, despite the challenging economic environment. During the annual period sustainable headline earnings per share jumped 33%, while revenue increased by 8% to R7.8 billion. This was mainly due to a good showing from its offshore operations. Business Day Tv discussed the numbers in detail with CEO Steven Joffe.
6/26/2023 • 7 minutes, 41 seconds
Trade of the Week - Naspers, Platinum stocks and the rand
On this episode of Trade of the Week, Founder of Herenya Capital, Petri Redelinghuys provides a technical analysis on Naspers, Platinum stocks and the rand.
6/26/2023 • 18 minutes, 42 seconds
The dollar's hegemony in focus
Actions by the United States has caused countries around the world to shift their heads from being reliant on the dollar and has weakened the country's long-standing global supremacy. Business Day TV spoke to the Companies & Markets Editor for Business Day Kabelo Khumalo, for more detail.
6/26/2023 • 9 minutes, 29 seconds
Smart Cities: future of urban development in Africa
Africa's urban population is expected to triple over the next 50 years with seven out of ten people expected to live in cities by then. Smart cities are being punted as the solution for Africa to address the anticipated increase. Business Day TV explored the idea of smart cities in greater detail with Lindiwe Nkosi, Programme Director at DMG Events.
6/26/2023 • 9 minutes, 36 seconds
PPC's annual loss widens
PPC has slipped deeper in the red. The cement producer's annual headline loss widened to 8 cents from 3 cents previously, while its fiscal loss expanded more than sevenfold to R574 million. Business Day TV unpacked the performance in greater detail with CEO Roland van Wijnen.
6/26/2023 • 7 minutes, 56 seconds
SA’s World Competitiveness ranking slips
Out of 64 countries surveyed, South Africa’s World Competitiveness ranking dipped to 61 from 60 previously. This according to the latest World Competitiveness Yearbook by IMD. Business Day TV unpacked the decline in greater detail with Leroi Raputsoane, Chief Economist at Productivity SA.
6/23/2023 • 6 minutes, 54 seconds
Parliament says Zondo’s state capture comments ‘inappropriate’
Chief Justice Raymond Zondo has criticised parliament for its failure to protect South Africa from state capture, and the remarks have not been well received. Parliament says it is inappropriate for the chief justice, representing one of the arms of the state, to engage in public attacks on the legislature. Business Day TV spoke to Tauriq Moosa, Legal Writer for Business Day Editorial for his view on the matter.
6/23/2023 • 7 minutes, 39 seconds
Sasol’s sustainable aviation fuel JV with Topsoe
As the world journeys to net-zero emissions by 2050, Sasol is looking towards green energy for future growth. The chemicals and energy group has launched a joint-venture with Topsoe for sustainable aviation fuel production. Business Day TV spoke to Fleetwood Grobler, CEO of Sasol for more detail.
6/23/2023 • 7 minutes, 54 seconds
Stadio flags a jump in student numbers
Stadio's learner base is expanding. The private education group has noted an 8% rise in student number. The update was released just before shareholders and executives gathered for the annual general meeting, Business Day TV caught up with the company's CFO, Samara Totaram and unpacked some of the issues that came out of the meeting.
6/22/2023 • 9 minutes, 1 second
Crypto chat - Bitcoin rallies above $28K
Bitcoin hit its highest level since April this week. This comes after markets cheered the prospects of a bitcoin ETF, which would be backed by investment management company - Blackrock. Business Day TV discussed this in detail with South Africa's country manager at Luno, Christo de Wit.
6/22/2023 • 6 minutes, 34 seconds
Small Business Non-compliance In SA
Despite non-compliance having very costly consequences for businesses, 72% South Africa's companies do not submit annual returns. Business Day TV spoke to InfoDocs' Founder and CEO, Joshua Alexandre, about how to counter business non-compliance in SA.
6/22/2023 • 8 minutes, 16 seconds
How the UIF is working to restore its operations
The Covid-19 Temporary Employer and Employee Relief Scheme (TERS), was developed by the UIF to help employers with payroll subsidisation during the lockdown period. The system that was implemented enhanced and alleviated business units, but there have been downsides. Business Day TV spoke to the UIF commissioner Teboho Maruping and he outlined how the UIF is working to restore its operations.
6/22/2023 • 13 minutes, 16 seconds
Unpacking Kenya’s new Finance Bill
Kenya’s new Finance Bill has been labelled controversial as it seeks to introduce new taxes while also increasing a number of existing taxes. If the Bill is passed, the concern is that it may worsen the country’s cost of living crisis. Business Day TV unpacked the Bill and its implications with Zaynab Hoosen, Political Analyst at Oxford Economics Africa.
6/22/2023 • 8 minutes, 48 seconds
South Africa's dollar millionaires hit the eject button
The number of high net worth South Africans has declined by 1.8% over the past year, mostly due to emigration. According to the Africa Wealth Report, when a country notices a pattern of wealthier people leaving a country, it is often a sign of what may happen to its middle class. Business Day TV spoke to Financial Mail's Rob Rose spoke to Business Day TV for more detail on this trend.
6/22/2023 • 7 minutes, 46 seconds
Value added by construction sector positive in Q1 - ACI
Afrimat's Construction Index for the first quarter points to positive value added by the sector at just over 2% quarter-on-quarter and 4.2% year-on-year, despite the poor performance of the economy over the past two quarters. Business Day TV unpacked the index in greater detail with Independent Economist, Roelof Botha.
6/22/2023 • 9 minutes, 28 seconds
PBOC cuts key lending rate
The People's Bank of China has cut rates and has lowered its 1-year prime rate by 10 basis points to 3.55%, to boost economic growth. Business Day TV discussed this move in detail with RMB's Forex Trader, Jan Sluis-Cremer.
6/21/2023 • 5 minutes, 53 seconds
Focus on SA-China relations
China and South Africa established diplomatic relations in 1998 and trade volumes between the countries have increased significantly over the years. Trade volumes in 2021 stood at R544 billion from the R1 billion registered in 1998. Business Day TV unpacked these relations with Consul General of the People's Republic of China in Johannesburg, Tang Zhongdong.
6/21/2023 • 12 minutes, 2 seconds
Stock Picks - AVI, Libstar and RCL.
On this episode of Stock Picks, Financial Mail's Marc Hasenfuss takes a look at AVI, Libstar and RCL.
6/21/2023 • 16 minutes, 47 seconds
Focus on race-based water license allocations
Black shareholding in new water use licenses is necessary to address the racial imbalance brought about by South Africa's apartheid past, according to government. Proposed legislation by the Department of Water & Sanitation requires farmers to have a black shareholding of between 25% and 75% to obtain water licenses, depending on how much they extract or store. For more detail on the story, Business Day TV spoke to Business Day's Tiisetso Motsoeneng.
6/21/2023 • 7 minutes, 33 seconds
Monetary policy in Africa
Decade-high levels of inflation has been identified as one of Africa's most urgent challenges but tackling it can't come at the cost of growth. In light of this, Business Day TV took a look at monetary policy across the continent with Samantha Singh-Jami, Africa Economist at RMB.
6/21/2023 • 4 minutes, 32 seconds
SA consumer inflation cools to 13-month low
Inflation has eased more than expected in May, falling to 6.3% year-on-year from 6.8% previously. The reading now sits just outside the Reserve Bank's target range of 3% to 6%. So, will today's print encourage the Sarb to halt its hiking cycle? To find out Business Day TV spoke to Koketso Mano, Senior Economist at FNB.
6/21/2023 • 8 minutes, 57 seconds
Listen! Focus on the new rules for Sars tax disputes
The South African Revenue Services (Sars) has published new rules for taxpayers that want to dispute moves by the taxman. Business Day TV unpacked the changes with SAICA's senior executive for Tax, Pieter Faber.
6/20/2023 • 7 minutes, 31 seconds
Listen! Why Afrimat sees value in acquiring Lafarge SA
Building materials and mining group Afrimat has announced the acquisition of Lafarge SA. The deal carries a price tag of $6m, but there is also a loan repayment component of the transaction of R900m. To find out why Afrimat sees value in acquiring Lafarge SA, Business Day TV spoke to Afrimat CEO, Andries van Heerden.
6/20/2023 • 7 minutes, 7 seconds
Listen! Scrap metal ban extended for six months
Metal infrastructure theft costs the SA economy around R187BN a year. In response, government put a ban on scrap metal exports in November last year and this has now been extended for a further 6-months. Business Day TV spoke to Taffie Chibanguza, COO of SEIFSA about why ending scrap metal theft requires a nuanced approach.
6/20/2023 • 7 minutes, 41 seconds
SA won't change foreign policy for trade benefits - Pandor
As the Russia-Ukriane war rages on, SA's government is sticking to its guns on its non-aligned stance. This, despite Agoa being at stake. The preferential trade program gives SA duty-free access for local goods to the US market but America's calls for SA to distance itself from Russia is growing and this has caused some to believe that SA could lose its Agoa priveledges. Russia, however, is considered the world's bread basket and in a recent peace mission, African leaders, including President Cyril Ramaphosa, have asked for the movement of grain to be opened. The situation has caused some to ask - 'Is a loaf of bread worth more than trade?' Business Day's Editor-at-large Hilary Joffe discussed the situation with Business Day TV.
SA President Cyril Ramaphosa has largely hailed the African leaders' Russia-Ukraine peace mission as historic despite talks not having yielded any tangible results. Over-shadowing the mission is the diplomatic stand-off between South African and Polish officials and an attack on Kyiv while the leaders met. So, at the end of the day, what was achieved? To find out, Business Day TV spoke to Bob Wekesa, Deputy Director of the African Center for the Study of the United States at the Wits Centre for journalism.
Despite challenging trading conditions, Omnia has managed to deliver double-digit profit growth. During the full-year period, the fertilizer and explosives group reported a 24% jump in revenue, while headline earnings per share rose 10%, thanks to upbeat demand and higher commodity prices. Business Day TV unpacked the numbers with company's CEO, Seelan Gobalsamy.
6/19/2023 • 8 minutes, 42 seconds
Trade of the Week - Domino's Pizza | Charles River Laboratories | Nio Inc
On this episode of Trade of the Week, Unum Capital's Loyiso Mpeta gives his technical analysis of three US counters - Domino's Pizza, Charles River Laboratories and Nio Inc.
6/19/2023 • 15 minutes, 44 seconds
E-commerce in rural Kenya
eCommerce is growing in Kenya. Currently, 42% of the country's population has access to the internet, but according to Statsita Market Forecast, this is projected to grow to almost 60% by 2026. Pan-African technology group, Jumia is at the forefront of how increased access is reshaping consumer behaviour in rural Kenya and Business Day TV spoke to the firm's CEO Charles Ballard for more insight.
6/19/2023 • 7 minutes, 9 seconds
Two-pot retirement system in focus
Legislation around new rules pertaining to the two-pot retirement system, which will take effect in March next year, has been published. As it stands, South Africans will be able to cash out a third of their retirement savings throughout their career. Business Day TV discussed the implications of this with John Anderson, retirement product solutions specialist at AlexForbes Group and Michelle Acton, Retirement Reform Executive at Old Mutual.
6/19/2023 • 13 minutes, 53 seconds
Fed hits pause after 15-months of rate hikes
The Fed has decided to keep rates unchanged at its June meeting and while some traders welcomed the move others were sceptical, warning that this is not the end of the hiking cycle. Business Day TV discussed this in detail with Investment Strategist at Old Mutual Wealth, Izak Odendaal.
6/15/2023 • 9 minutes, 9 seconds
IMF wants Egypt to make reforms before bailout review
African governments are fighting currency weakness amid elevated levels of inflation. Business Day TV explored the relationship between Africa's forex market and the inflation trajectory in greater detail with Irmgard Erasmus, Senior Financial Economist at Oxford Economics Africa
6/15/2023 • 6 minutes, 19 seconds
SA's economy at a pivotal point
At a time when South Africa's economy is in tatters, President Cyril Ramaphosa is making his way to Moscow and Kyiv to try resolve the Russia-Ukraine conflict and has left business on home ground to lend government a helping hand. Business Day TV spoke to the Financial Mail's money editor, Giulietta Talevi for her views on the situation.
6/15/2023 • 8 minutes, 13 seconds
Unemployment plagues SA youth
SA's youth find themselves in a difficult situation. Despite having a matric certificate, diploma or degree in hand, securing employment is hard to come by with the youth unemployment rate sitting at 46.5%. President Cyril Ramaphosa's Youth Employment Service (YES) is of the view that developing skills in 'future-proof' sectors among other things may be the answer to addressing the situation. Business Day TV discussed this with Leanne Emery Hunter, COO of YES.
6/15/2023 • 9 minutes
Spar's financial performance during its first half
Spar has been hit by a triple whammy. During the half-year period, the retailer had to contend with increased costs, elevated interest rates and IT related challenges. This resulted in a 30% slump in headline earnings per share. Business Day TV spoke to the company's Executive Chairman and Acting CEO, Mike Bosman for more insight into Spar's financial performance.
6/14/2023 • 8 minutes, 41 seconds
National Assembly passes NHI Bill
The National Assembly has approved the National Health Insurance (NHI) Bill. The bill is the first piece of enabling legislation for NHI and will be considered by the National Council of Provinces before landing on the president's desk for his consideration. Business Day TV spoke to Nicholas Crisp, the deputy director general of the NHI for more detail.
6/14/2023 • 18 minutes, 1 second
Nigeria plans to unify its exchange rates
The unification of Nigeria's exchange rates in the foreign exchange market is imminent, according to President Bola Tinubu. Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for his take on the benefits and challenges that such a move creates.
6/14/2023 • 6 minutes, 15 seconds
Why the public procurement of renewable energy is in need of an urgent shake-up
The Renewable Independent Power Producer Programme aims to add more megawatts of electricity to the nation's electricity grid through private sector investment in renewable energy sources. Given that South Africa is in the grips of a devastating energy crisis due to the failure of the country's national power utility Eskom, the procurement of power from independent producers needs to be accelerated. Business Day TV spoke to Business Day writer, Denene Erasmus for more detail.
6/14/2023 • 8 minutes, 16 seconds
Analysing Spar's half-year performance
Wholesaler Spar has withheld paying an interim dividend as the firm has struggled with lower sales and declining profitability. Increasing debt has also weighed, particularly as the weakening rand has made the group's foreign borrowings more expensive. To unpack Spar's results, Business Day TV spoke to independent retail analyst, Syd Vianello for more insight.
6/14/2023 • 7 minutes, 53 seconds
Telkom slips into the red
Increased competition and costs related to load shedding have knocked Telkom. During the annual period, the company slipped into the red, recording a loss of R9.97 billion. Business Day TV caught up with Irnest Kaplan, telcos analyst from Irnest Kaplan Analysts, and he shared his perspective on Telkom's performance.
6/13/2023 • 9 minutes, 45 seconds
Mining sector kicks off the second quarter on a good note
The mining sector has staged a recovery, with production increasing 2.3% in April after 14 consecutive months of decline. Business Day TV unpacked the print with RMB Economist Siobhan Redford.
6/13/2023 • 6 minutes, 53 seconds
Delta feels impact of increasing interest rates
Delta Property Fund has posted a near 70% slump in funds from operations, as it had to contend with rising interest rates, higher finance costs and increased vacancies. Business Day TV spoke to CEO Bongi Masinga for more detail on Delta's annual results.
6/13/2023 • 9 minutes, 18 seconds
SA's Township Economy
South Africa's townships are seen as ecosystems with economies of their own. Rogerwilco's Township Customer Experience Report points to significant shifts in township consumer behaviour, from shifts in brand affinity to spaza shops repackaging products into smaller sizes and stokvels becoming more tech savvy. Mongezi Mtati, Senior Brand Strategist at Rogerwilco spoke to Business Day TV about how township economies are evolving.
6/13/2023 • 9 minutes
SARS accuses Adidas of tax evasion
The South African Revenue Services announced a judgment against Adidas in 2018 requesting R1.87bn in interest and penalties. The sum reflects what is allegedly the sportswear company's tax avoidance between 2007 and 2013. Adidas has launched its own legal challenge against the SARS ruling since the judgment. Kabelo Khumalo, Companies and Markets Editor at Business Day unpacked this dispute.
6/13/2023 • 7 minutes, 36 seconds
Telkom swings to annual loss of R9.97BN
Telkom has swung to an annual loss. An impairment of R13bn, persistent load-shedding, increased competition and the effects of inflation on constrained consumers led to an overall loss of R9.97bn and dividends being suspended indefinitely. Business Day TV unpacked the results with the company's group CEO, Serame Taukobong.
6/13/2023 • 7 minutes, 59 seconds
Vukile ups total dividend
Vukile Property Fund has had a 'stellar' year. The landlord has managed to reduce vacancies, while delivering a 6.2% increase in its total dividend to 112.4 cents. Business Day TV unpacked its annual performance with the company's CEO, Laurence Rapp.
6/12/2023 • 7 minutes, 28 seconds
Alexforbes posts profit bump
Alexforbes has delivered 44% jump in annual headline earnings per share from total operations. The financial services group says the performance demonstrates the resilience of the business under persistently challenging operating conditions. Business Day TV spoke to CEO Dawie de Villiers for more detail.
6/12/2023 • 9 minutes, 17 seconds
Trade of the Week - AngloGold, Gold Fields and Naspers.
On this episode of Trade of The Week, Founder of Herenya Capital, Petri Redelinghuys provides a tech-analysis of AngloGold, Gold Fields and Naspers.
6/12/2023 • 18 minutes, 14 seconds
Upside of Naira shortage: evolution of Nigeria's payments landscape
Nigeria's Naira shortage has given rise to the evolution of West Africa's digital payments landscape. Just below 40% of Nigerian's have access to bank accounts while mobile penetration sits at 117%. Fintech companies are therefore becoming increasingly important in driving cashless payments in the region. Business Day TV spoke to Mxolisi Msutwana, Chief Operating Officer of fintech start-up, Baxi for more insight.
6/12/2023 • 7 minutes, 28 seconds
Focus on Africa CEO summit
At a time where the frequency of global crises is increasing, building independent, robust, and thriving economies is the African continent's priority. This was the focus of the Africa CEO summit. Business Day's Economics Witer Thuletho Zwane attended the event and spoke to Business Day TV about what African leaders are prioritising right now.
6/12/2023 • 8 minutes, 32 seconds
Sirius Real Estate's future plans
Debt capital markets are favouring Sirius Real Estate at the moment as the owner and operator of branded business and industrial parks in Germany and the UK has already completed early refinancing of its next major debt. So, what are the firm's plans moving forward? Business Day TV sat down with the company's CEO, Andrew Coombs to find out.
6/12/2023 • 9 minutes, 24 seconds
SA's plan to build skills needed for future jobs
As technology advances, the world of work is rapidly changing and up to 70% of current jobs are at risk in the evolution. Business Day TV spoke to Sherrie Donaldson, BRICS Business Council Skills Development Working Group member and Project Director of the Atlas Project for greater perspective on the country's plans to build skills for future jobs.
6/9/2023 • 9 minutes, 11 seconds
Shaping the future of SA's business landscape
Business leaders gathered for the ninth iteration of The Directors Event,dubbed SA's biggest board meeting, to impart insights and solutions to the problems that South African businesses are confronted with. Business Day TV's reporter Ntaoleng Lechela, provided detail regarding the key take-aways.
6/9/2023 • 6 minutes, 24 seconds
Energy crisis tops agenda at Directors event
South Africa's energy crisis was in the focus at the ninth annual Directors Even, business leaders gather to share insights and explore solutions to the challenges faced by businesses in the country. Business Day TV spoke to Busi Mavuso, CEO of Business Leadership SA joined us to explore power-related challenges and how the business community can help address it.
6/9/2023 • 12 minutes, 40 seconds
Big Idea - BEE Schemes in focus
In an effort to promote integration of the minority in economic ownership, South Africa's government put in place the Broad Based Black Economic Empowerment policy. To fulfil this mandate, companies have BEE share reserves for the minority. Business Day TV spoke to Independent economist, Duma Gqubule and political analyst Moeletsi Mbeki who weighed in on the efficacy of BEE share schemes
6/8/2023 • 21 minutes, 15 seconds
SA sees alarming rise in illicit trade - TRACIT
South Africa has seen a significant increase in illicit trade and it is costing the economy R100 billion annually. That's according to a recent report by the Transnational Alliance to Combat Illicit Trade. The body says SA lacks effective implementation of laws and resources to tackle the issue, and has called for improved measures to combat illicit trade. Business Day TV spoke to Esteban Giudici, Senior Policy Advisor at TRACIT for more insight.
6/8/2023 • 9 minutes, 12 seconds
Crypto chat - Bitcoin shrugs off crypto crackdown
US regulators are clamping down on crypto exchange firms and are suing Binance and Coinbase. Despite the legal action, Bitcoin has rallied and crossed the crucial $25,000 mark. Business Day TV discussed the moves at play with Luno's Christo de Wit.
6/8/2023 • 6 minutes, 41 seconds
SA's municipal meltdown
According to South Africa's Auditor-general Tsakani Maluleke, most of teh country's municipalities are not moving in the right direction. The AG has released a 144 page report, and out of SA's 257 municipalities, only 38 received a clean audit. Fruitless and wasteful expenditure meanwhile has more than doubled to R4.7 billion. Business Day TV spoke to the Financial Mail's Natasha Marrian for more detail on that.
6/8/2023 • 7 minutes, 37 seconds
Focus on African currencies and inflation
African governments are fighting currency weakness amid elevated levels of inflation. Business Day TV explored the relationship between Africa's forex market and the inflation trajectory in greater detail with Irmgard Erasmus, Senior Financial Economist at Oxford Economics Africa
6/8/2023 • 7 minutes, 36 seconds
Business joins Ramaphosa's efforts to fix SA
The private sector has teamed up with President Ramaphosa to help fix the country. JSE top 40 executives have been roped in to help tackle the energy crisis, crime and Transnet's rail and port issues. Business Day TV spoke to Martin Kingston, Chair of B4SA for more detail on the initiative.
6/8/2023 • 9 minutes, 3 seconds
Emira's diversification strategy gives it a boost
Emira's diversification strategy is working in its favour,. The landlord has kept vacancies low at 4.7% and has posted growth in net asset value of just over 4%. The firm says its South African and US portfolios delivered pleasing performances, despite local and global challenges. Business Day TV unpacked the results with the company's CEO, Geoff Jennett.
6/7/2023 • 8 minutes, 48 seconds
10X lists first actively managed ETF on the JSE
The ETF market has cheered new JSE regulations, which allow any strategy that can qualify as a unit trust to be able to list on the exchange. 10X Investments has launched and listed its first actively managed ETF. Business Day TV discussed the merits of this move with 10X Investments CIO Anton Eser.
6/7/2023 • 7 minutes, 50 seconds
Africa's mining sector in the next 20-years
PwC's 20th annual Mine Report looks at developments and themes that are likely to impact the sector over the next 20-years. The green energy transition will shape the trajectory for African miners where rich deposits of critical minerals will offer a boost. Business Day TV spoke to Andries Rossouw, Africa Energy Utilities & Resources Partner at PwC for more insight
6/7/2023 • 9 minutes, 32 seconds
Eskom burns R8bn of diesel in two months
Eskom has spent 27% of its R30 billion diesel budget in just two months. Business Day TV unpacked what this means for the power utility with energy writer for Business Day, Denene Erasmus.
6/7/2023 • 7 minutes, 2 seconds
Q2 Business Confidence hits lowest level since 2020
Business confidence has fallen for a fifth consecutive month. At 27 points, the RMB/BER business sentiment is at its lowest level since 2020. This as load-shedding, high interest rates and cost pressures weigh on SA Inc. Business Day TV unpacked the print with Siobhan Redford, Economist at RMB.
6/7/2023 • 7 minutes, 39 seconds
Premier FMCG delivers double-digit profit growth
Premier FMCG has shrugged off tough trading conditions. The food producer has delivered a near 40% rise in headline earnings per share. That rise was supported by a 23% increase in revenue, which was boosted by its Millbake, Groceries and International divisions. Business Day TV unpacked the company's maiden results with CEO Kobus Gertenbach.
6/6/2023 • 8 minutes, 36 seconds
Capprec lifts dividend despite lower profit
Capital Appreciation has hiked its dividend despite a drop in annual profit. The fintech firm posted a 44.5% plunge in headline earnings per share, largely due to a rise in operating expenses. Business Day TV spoke to Capprec's joint-CEO Brad Sacks for more detail.
6/6/2023 • 8 minutes, 22 seconds
Stock Picks - Nvidia, Google and Microsoft
On this episode of Stock Picks, Vestact's Bright Khumalo discusses Nvidia, Google and Microsoft as counters that enable investors to access growth in AI.
6/6/2023 • 15 minutes, 37 seconds
Zimbabwe exemption permit expiration looms
At the end of this month the Pretoria High Court will make its ruling on the Zimbabwean Exemption Permit system. If the court rules in Home Affairs' favour these permits will be scrapped, forcing nearly 200,000 Zimbabweans to leave South Africa. In the meantime, many have already spent thousands trying to obtain waivers but are still waiting for the process to be completed. Business Day TV spoke to Bianca Rutherfoord Jones, Immigration Specialist at Webber Wentzel for more insight on the legalities.
6/6/2023 • 10 minutes, 43 seconds
Lady R probe report will be kept secret
Demands for the release of the Lady R inquiry report have fallen on deaf ears. The investigation into whether the Russian ship was loaded with weapons in December will not be made public. This is according to the Presidency. Meanwhile, opposition party, the Democratic Alliance intends to legally contest this. Sunday Times' Reporter, Franny Rabkin spoke to Business Day TV about the detail of the story
6/6/2023 • 8 minutes, 28 seconds
SA avoid technical recession
SA GDP edged up by 0.4% in the first quarter thanks to gains in the manufacturing industry. This comes despite elevated levels of load-shedding. Business Day TV unpacked the print with Kevin Lings, Chief Economist at Stanlib.
6/6/2023 • 9 minutes, 14 seconds
OPEC+ tightens global oil supply
OPEC+ nations have agreed to extend oil production cuts into next year.Saudi Arabia will voluntarily reduce output as part of the deal. The kingdom will slash production by 1 million barrels per day from next month. Business Day TV discussed how these moves have impacted oil markets with David Elmes from the Warwick Business School.
6/5/2023 • 7 minutes, 40 seconds
Oceana lifts dividend as Lucky Star shines
SA's largest fishing company Oceana, has more than doubled its interim dividend to 130 cents, after a strong performance by its Lucky Star brand. Business Day TV unpacked the performance with CEO Neville Brink.
6/5/2023 • 9 minutes, 2 seconds
Trade of the Week
On this episode of Trade of the Week, Unum Capital's Loyiso Mpeta provides technical analysis on Blue Label, MTN, Telkom and Vodacom.
6/5/2023 • 17 minutes, 25 seconds
Africa's passenger air travel en route to fast recovery
The International Air Transport Association (IATA) has issued its outlook for the sector highlighting that Africa remains a difficult market to operate in but despite this, it is also the world's second fastest recovering region for passenger air travel. Business Day TV spoke to Linden Burns from IATA for more detail.
6/5/2023 • 8 minutes, 17 seconds
The case for heating up SA's homes with LP gas
Government authorized the LP Gas Strategy for execution a year ago and now, with the electricity crisis seemingly unending, there may be a case to be made for heating SA's houses with LP gas this winter season. Business Day TV unpacked the story in more detail with Business Day reporter, Mudiwa Gavaza.
6/5/2023 • 8 minutes
Sarb alarmed at dwindling appetite for government bonds
Foreign investors are dumping government bonds at an alarming rate as load-shedding darkens the prospects of the economy. The fear is that locals will not be able to offset the gap left by those that have dumped the asset class. Business Day TV discussed the situation and the Sarb's fears with James Turp from Sanlam Investment.
6/5/2023 • 8 minutes, 57 seconds
AI in Africa - Practical uses
Artificial Intelligence is expected to boost the global economy by nearly $16 trillion by 2030, amid increased adoption as a means to provide practical solutions for existing challenges.
Business Day TV spoke to Sisonke Mgwebi, Consultant at Frost & Sullivan for more insight on the practical uses of AI and how it can be used to solve African challenges
6/2/2023 • 7 minutes, 54 seconds
Media wins as court lifts blanket tax secrecy
The Constitutional Court has effectively overturned the absolute norm that tax information must always stay private, regardless of the public interest, in a decision resulting from the Financial Mail and amaBhungane's request for former president Jacob Zuma's tax documents from 2010 to 2018. Business Day TV spoke to Financial Mail editor, Rob Rose for more detail.
6/2/2023 • 8 minutes, 56 seconds
Presidential Climate Commission bets on renewables to end load-shedding
The Presidential Climate Commission says increasing the use of renewables in South Africa's energy mix from 7% to 40% by 2030 should end load-shedding. Business Day TV spoke to
Happy Khambule Busa's Environment & Energy Manager, who also sits on that commission, for more detail.
6/2/2023 • 6 minutes, 53 seconds
Macroeconomic issues knock SA Inc stocks
The JSE All Share has had tough month, as traders made use of a popular adage in the investment world - 'sell in May and go away'. During this period over 20 JSE counters have shed their value. Business Day TV took a closer look at how local equities have performed with the CEO of Anchor Capital, Peter Armitage.
6/1/2023 • 7 minutes, 50 seconds
Private equity activity takes a knock
Private equity activity has slowed down this year, due to elevated interest rates which caused a decline in deals and a pullback in funding. Business Day TV discussed this in detail with the Head of Global Private Equity Portfolios at Schroders Capital, Benjamin Alt.
6/1/2023 • 6 minutes, 59 seconds
Unpacking the PCC's recommendations for SA
The Presidential Climate Commission (PCC) recommends that South Africa needs a modernized electricity system that fosters inclusive economic growth and meets minimum emissions standards. Business Day TV spoke to the Commissioner of the PCC, Lebogang Mulaisi for more detail. Lebogang Mulaisi
6/1/2023 • 8 minutes, 57 seconds
Unpacking Africa's consumer spending trends
East and West Africa are the continents fast-growing consumer markets. Overall, Africa's consumer market is expected to reach nearly 2 billion by 2030. But with elevated levels of inflation impacting both developed and emerging markets, what do African consumer spending trends reveal about the buying power of shoppers? To find out, Business Day TV spoke to Jee-A Van Der Linde, Senior Economist at Oxford Economics Africa.
6/1/2023 • 10 minutes, 14 seconds
Absa PMI sinks deeper into contraction territory in May
The Absa PMI edging down to 49.2 in May from 49.8 the previous month indicates a like slight dip, but it means that the index is slowly sinking deeper into contractionary territory. This is due to a notable trend in the deterioration of business conditions over the last four months. The power outages experienced in May were similar to that of April and therefore business activity itself remained unchanged during the period. Miyelani Maluleke, Senior Economist at Absa unpacked the detail of the print with Business Day TV.
6/1/2023 • 7 minutes, 48 seconds
AA Predicts Significant Fuel Price Decrease In June
Motorists are set to start the month of June on a high. This as fuel prices are expected to drop significantly despite the weakening rand and fluctuations in international product prices. Business Day TV hosts Layton Beard from the Automotive Association to unpack these predictions
5/31/2023 • 9 minutes, 2 seconds
Semigration trend gives property companies a boost
Property companies are benefiting from the growing semigration trend. Spear Reit has noted that factors like load shedding and semigration are forcing more people to return to the offices, which bodes well for vacancies. Business Day TV put this trend into perspective with Spear Reit's CEO, Quintin Rossi.
5/31/2023 • 7 minutes, 31 seconds
Impala Platinum ends takeover bid for Royal Bafokeng Platinum
Impala Platinum has reached an agreement with the Public Investment Corporation to acquire its stake in Royal Bafokeng Platinum. The PIC has sold its 9.26% share, which lifts Implats stake in the mid-tier miner to 55.46%. Business Day Tv discussed what holding the majority stake in RBPlat means for Impala Platinum with CEO Nico Muller.
5/31/2023 • 7 minutes, 47 seconds
How Botswana is unlocking its mining potential
In 2022 mining and quarrying accounted for nearly 25% of Botswana's GDP, largely boosted by growth in the coal, soda ash and diamond industries. Business Day TV spoke to James Othapile, Managing Director of Erudite Botswana for his views on how the sector's potential can be further explored.
5/31/2023 • 7 minutes, 53 seconds
Why SA's failure to nuance its stance on Russia is scary
South Africa has issued a blanket diplomatic immunity to all leaders attending the BRICS Summit in August. This includes Russian President, Vladimir Putin, who has a warrant of arrest issued out for him by the International Criminal Court. In accordance with the arrest warrant, South Africa is compelled to arrest him. The ICC has stated that it expects South Africa to abide by this Rome Statute. To unpack this in detail, Business Day TV spoke to Business Day's Hilary Joffe.
5/31/2023 • 8 minutes
Why SA's failure to nuance its stance on Russia is scary
Eskom's pre-tax loss for the 2022/23 financial year came in nearly 56% higher than what was expected. This highlights the need for government's proposed R254bn relief package but to what end if the losses keep piling up? Businss Day TV posed this question to Independent Economic and Energy Analyst, Tshepo Kgadima.
5/31/2023 • 10 minutes, 53 seconds
Assessing the effectiveness of monetary policy in SA
South Africa's central bank recently raised the repo rate by another 50 basis points to 8.25%. The country's electricity crisis, a lack of structural economic reforms and a resultant weaker rand left the bank with little choice but to continue its hiking cycle. Business Day TV unpacked the effectiveness of Monetary Policy in South Africa with Peter Attard Montalto, Managing Director, Global Lead for Capital Markets and Political Economy from Intellidex and Dawie Roodt, Chief Economist for Efficient Group.
5/30/2023 • 21 minutes, 8 seconds
Foreigners dump SA bonds
According to the Sarb's financial stability review, foreigners are dumping local bonds. Foreign participation in South African government bonds fell to 25% from 42% in the last five years. Business Day TV discussed this in detail with RMB bond trader, Michelle Wohlberg.
5/30/2023 • 5 minutes, 54 seconds
Sanlam and Afrocentric conclude acquisition deal
Afrocentric and Sanlam have finally concluded an acquisition deal. The agreement will see Sanlam take on a controlling stake in Afrocentric, which amounts to 60% of the business. Business Day TV unpacked the merits of the deal with Afrocentric's Group CEO, Ahmed Banderker.
5/30/2023 • 8 minutes, 20 seconds
Improving Africa's water resilience
As South Africa battles cholera related deaths, we are reminded that as the continent's urban population expands rapidly, African cities need to protect their water supply. The World Bank estimates that more than 300 million Africans do not have access to clean drinking water with a further 800 million lacking or having limited access to hygiene services. Business Day TV caught up with James Cullis, Technical Director and Sustainability Expertise Leader at Zutari for more detail
5/30/2023 • 9 minutes, 32 seconds
Why news around Telkom has generated so much excitement
Telkom's share price has jumped on news that former CEO Sipho Maseko, together with a group of investors, is making a move to take a large chunk of equity in the telecom operator. To unpack the detail around the story, Business Day TV spoke to Business Day writer, Mudiwa Gavaza.
5/30/2023 • 7 minutes, 29 seconds
Load-shedding costs bite into Tiger Brands' earnings
Tiger Brands has posted a 16% rise in revenue but the gains didn't filter down to the bottom line as operating costs ate into profits. That's as the cost of load-shedding grew more than sixfold during the period. Business Day TV spoke to the group's CEO Noel Doyle about the numbers.
5/30/2023 • 7 minutes, 28 seconds
Adcorp posts first annual revenue growth since 2016
Adcorp has posted a near 7% rise in revenue from continuing operations. This marks its first year of annual revenue growth since the 2016 financial year. Business Day TV spoke to CEO John Wentzel for more detail on the company's performance.
5/29/2023 • 8 minutes, 51 seconds
Zeda shrugs off tough trading conditions
Zeda has reported double-digit revenue growth of 20% jump, while headline earnings per share rose 3.8%. This was largely due to an increased demand in the inbound tourism market and corporate travel. Business Day TV unpacked the six months that was the company's CEO Ramasela Ganda.
5/29/2023 • 6 minutes, 53 seconds
Trade of the Week
Petri Redelinghuys, Founder of Herenya Capital, provides technical analysis on Sibanye-Stillwater, Naspers and Aspen.
5/29/2023 • 17 minutes, 10 seconds
Africa’s growth to rebound to 4% in 2023 – AfDB
Africa’s growth is expected to outpace global growth this year, despite multiple economic shocks. The African Development Bank projects that the continent’s GDP will advance by 4% against global growth estimates of 2.8%. Business Day TV unpacked the forecast with Ridle Markus, SSA Macroeconomist at Absa CIB.
5/29/2023 • 8 minutes, 25 seconds
Elections 2024 : DA-IFP pact in focus
The general election in 2024 is expected to feature fresh relations between parties and shared objectives, like the ousting of a political party. The possible formation of a DA-IFP coalition in KwaZulu-Natal is an example of what could emerge. Natasha Marrian, the deputy editor of Financial Mail discussed what an IFP and DA coalition agreement could look like.
5/29/2023 • 9 minutes, 20 seconds
Retailers fear repeat of July 2021 riots
South Africa's Consumer Goods Council, which represents the biggest food retailers in the country, says the government is taking food security for granted and that this could lead to a repeat of the riots that took place in July 2021. Business Day TV spoke to Zinhle Tyikwe, CEO of the Consumer Goods Council for more detail.
5/29/2023 • 8 minutes
BRICS and AfCTA: Creating Business Opportunities
The African Continental Free Trade Area agreement is lauded as the biggest free trade accord in the world while BRICS has the potential to open other key markets for the continent. Business Day TV explored the power of this collaboration for Africa with renowned researcher, Petrus de Kock.
5/26/2023 • 9 minutes, 45 seconds
Key Ramaphosa allies return from Russia, Ukraine security meetings
South Africa's recent trip to Russia came amid rising tensions between the U.S and SA. Escalations were followed by the US accusing Pretoria of providing weapons to Russia in the country's invasion of Ukraine. To unpack SA and Russia's recent security meeting and the impact it could have on SA/US relations in greater detail, Business Day TV spoke to Business Day journalist, Thando Maeko.
5/26/2023 • 7 minutes, 7 seconds
Quantum Foods reports 82% plunge in H1 HEPS
It has been a tough first half for Quantum Foods as the poultry producer was hit by a triple whammy of high feed raw material costs, the damaging impact of load-shedding and an inability to recover higher production costs. These factors led to an 82% drop in headline earnings per share. Business Day TV unpacked the
performance in greater detail with the company's CEO, Hennie Lourens.
5/26/2023 • 12 minutes, 21 seconds
Life Healthcare's profit dips
Life Healthcare has posted a near 13% rise in interim revenue, but this did not filter through to its bottom line, as net profit slipped 8.2%.. During its reporting period, the private hospital operator had to contend with an impairment to goodwill within the UK-based Alliance Medical Group; an interest charge after settling a tax dispute with Sars and an IT hardware failure. Business Day TV spoke to the CEO of Life Healthcare, Peter Wharton-Hood for more insight.
5/25/2023 • 7 minutes, 56 seconds
Southern Sun swings to profit
Southern Sun is back in the black. The hotel group has delivered annual profit of over R1 billion from a loss of R156 million previously, as it benefitted from a recovery in the travel and tourism industry. Business Day TV unpacked the performance with CEO Marcel von Aulock.
5/25/2023 • 6 minutes, 52 seconds
Africa's median liquidity risk score falls by 10% in Q2 - report
ccess to external liquidity is a growing challenge across the African continent, according to Oxford Economics Africa's second quarter risk report. The data highlights that the continent's median liquidity risk score fell by 10% during the period, worsening existing forex constraints while jeopardising profit repatriation and the funding of imports. Business Day TV spoke to Jacques Nel, Head of Macro at Oxford Economics Africa for more insight.
5/25/2023 • 8 minutes, 11 seconds
Is SA's motor sector stuck in the ice age?
Whilst some countries are in the process of transitioning away from internal combustion engine vehicles, South Africa is running the risk of being left behind. Government policies are crucial in transitioning to new energy vehicles and players in the sector in SA have concerns about the pace of policy development and implementation. Globally, however, EV supply and demand is developing at a fast pace, so will South Africa be a part of the revolution or miss opportunities? Financial Mail's David Furlonger discussed this with Business Day TV.
5/25/2023 • 9 minutes, 11 seconds
Reunert cashes in as renewables shine
SA's power crisis is working in Reunert's favour. During its interim period, the ICT and Electronics group managed double digit growth across key metrics. Revenue increased by 21%, segmental operating profit jumped by 39% and headline earnings per share grew nearly 37%. This is largely thanks to record sales of the group's renewable power products. Business Day TV unpacked the detail with the company's CEO, Alan Dickson.
5/25/2023 • 7 minutes, 37 seconds
Crypto chat - Major cryptocurrencies trade sideways
Trading on the crypto market has been muted. Bitcoin has hovered around $2, 000 for a third week, despite the volatility in equity markets. Business Day Tv unpacked the action playing out in that space with Luno's Christo de Wit.
5/24/2023 • 6 minutes, 35 seconds
Nampak slips into the red
Nampak had a tough six months. The packaging group has plunging into the red and posted a half-year loss of R2.4 billion, after it had to deal with impairment and currency devaluation losses. Business Day TV caught up with Independent Analyst at Small Talk Daily Research, Anthony Clark and he shared his analysis of the results.
5/24/2023 • 7 minutes, 59 seconds
DA Lobbies U.S Over Agoa
The DA is lobbying U.S lawmakers, in a bid to preserve the country's duty-free access to the world's biggest economy. This after South Africa's alleged involvement in Russia's invasion of Ukraine, could threaten its access to the US market. DA leader, John Steenhuisen, joins Business Day TV, to shed some light on how he plans to persuade the U.S that South Africa should continue benefiting from AGOA
5/24/2023 • 9 minutes, 42 seconds
Kusile repairs 'on track' but costs rampant
From three generating units being taken offline at the Kusile Power Station, the coal fired power plant is currently operating only one of its units. So, will Kusile be repaired by the end of year? Business Day TV posed this question to Energy Writer for Business Day, Dene Erasmus.
5/24/2023 • 8 minutes, 13 seconds
April CPI cooler than expected at 6.8% y/y in April
Falling from 7.1% year-on-year to 6.8% in April, inflation is at its lowest level since May 2022. Despite this, the print remains outside of the Sarb's target range of 3% - 6%. Business Day TV unpacked the data in greater detail with Murendeni Nengovhela, Economist at AlexForbes.
5/24/2023 • 7 minutes, 30 seconds
Reserve Bank expected to hike rates again
South Africa's Reserve Bank is expected to hike rates again. Economists have forecast an increase of between 50 and 75 basis points, as the bank seeks to tame inflation and protect the local unit. Business Day TV spoke to RMB's Economist Siobhan Redford for more insight.
5/23/2023 • 6 minutes, 8 seconds
Tyme secures cash injection
Tyme Group has secured just under R1.5 billion, from two international investors. The digital banking group will use the funds to further its operations in South Africa and the Philippines, and boost expansion projects. Business Day TV discussed these plans with the company's Co-founder and CEO, Coen Jonker.
5/23/2023 • 8 minutes, 23 seconds
Climate change: hot topic at AfDB meetings
As we journey towards net-zero emissions by 2050, climate change tops the agenda at the annual AfDB meetings. Business Day's Economics Writer Thuletho Zwane is in attendance at the meetings in Egypt and Business Day TV caught up with her for more detail on this year's meeting.
5/23/2023 • 8 minutes, 19 seconds
SA's political landscape as elections loom
From a ballot of hope in 1994, 29 years of democracy has yielded little prosperity for South Africans as citizens feel the brunt of incompetent service delivery, a power crisis and an overall declining economy. So, will South African citizen's optimism for a comprehensive change be sparked by the national and provincial elections in 2024? Will voters opt to stay away from polls, rather than change their vote? And can new entrants succeed in winning over South Africans? Business Day posed these questions to Business Day's political writer, Hajra Omarjee.
5/23/2023 • 5 minutes, 19 seconds
Feasibility of a basic income grant for SA
Government is currently mulling the implementation of a basic income grant for unemployed citizens aged 18-35. Business Day TV assessed the feasibility of this move with independent analyst, Roelof Botha.
5/23/2023 • 7 minutes, 13 seconds
Load shedding costs eat into Astral's profit
Astral has taken a knock, the poultry producer has recorded an 88% slump in headline earnings per share. This comes after it took a R741 million hit, as it had to pay more for diesel on the back of Eskom's back-to-back power cuts. Business Day TV discussed the company's performance with CEO Chris Schutte.
5/22/2023 • 7 minutes, 5 seconds
Netcare reports a healthy set of interim results
Netcare has recorded double-digit profit growth. The private hospital group delivered a 40% jump in headline earnings per share, mainly due to a recovery in paid patient days. Business Day Tv caught up with the company's CEO Richard Friedland for further insight on the six months that was.
5/22/2023 • 7 minutes, 47 seconds
Balwin posts 20% increase in profit
Balwin Properties has posted a 20% increase in annual profit, and strong demand in the Western Cape as semigration continues. Business Day TV spoke to CEO Steve Brookes, for further insight on Balwin's performance.
5/22/2023 • 6 minutes, 50 seconds
Trade of the Week
Founder of Herenya Capital, Petri Redingluys chats to Business Day TV about what the charts are telling him about Sibanye-Stillwater, Anglo American Platinum and Investec.
5/22/2023 • 22 minutes, 41 seconds
Africa's hotel and hospitality industry set to boom .
According to the 2023 Hotel and Hospitality Industry Confidence Index, the sector is set to boom this year as travel normalises post the pandemic. Business Day TV delved into the details with Laura Vercueil from the Johannesburg Tourism Convention Bureau
5/22/2023 • 5 minutes, 34 seconds
Digging into Barlworld's half-year results
At the half-year mark, equipment southern Africa is Barloworld's star performer. The unit has delivered a more than 38% increase in revenue and is largely responsible for driving the groups near 13% rise in interim revenue from continuing operations. Business Day TV unpacked the results in more detail with the group's CEO, Dominic Sewela.
5/22/2023 • 8 minutes, 41 seconds
What happens to Eskom now?
The terms of National Treasury's debt relief programme for Eskom came with strict terms for the state-owned utility and other stakeholders. Business Day TV spoke to Editor-at-large & Columnist for Business Day & Financial Mail Peter Bruce to find out if those conditions are being met.
5/22/2023 • 9 minutes, 18 seconds
Investing in Africa’s water and sanitation sector
Africa's set to miss its 2030 target of universal access to safe, affordable drinking water and equitable sanitation, due to an annual investment deficit of nearly $50 billion. Business Day TV spoke to Yaa Ngonyama, Consultant at Frost & Sullivan for more detail.
5/19/2023 • 7 minutes, 27 seconds
State of global economy, rising prices in focus at G7 Summit
Leaders of the world's most advanced democracies are meeting in Hiroshima for the 49th G7 Summit. Concerns about the state of the global economy, rising prices and the debt limit crisis in the U.S are expected to feature on this year's agenda. Business Day's Editor-at-Large, Hilary Joffe, joined Business Day TV from the sidelines of the summit for a preview of the forum
5/19/2023 • 11 minutes, 13 seconds
Dis-Chem boasts double-digit rise in annual earnings.
Retail pharmacy group Dis-Chem has posted a 7% increase in annual revenue and a 17.4% jump in headline earnings per share, despite a tough operating environment. Business Day TV unpacked the results with the company’s CFO, Rui Morais.
5/19/2023 • 11 minutes, 28 seconds
Afrimat's annual earnings decline
Afrimat's bottom line has taken a knock. During the full year period the building materials and mining group reported a 15.7% decline in headline earnings per share. This was mainly due to lower iron ore prices, higher input costs and tough economic environment. Business Day TV unpacked the numbers with company's CEO, Andries van Heerden.
5/18/2023 • 7 minutes, 27 seconds
Investec posts profit bump
Investec has delivered double-digit earnings growth, reporting a 25.5% jump in headline earnings per share, while revenue rose 14.6%. This comes as the asset manager and banking group benefited from higher interest rates. Business Day TV discussed the company's numbers with Investec's Group Finance Director, Nishlan Samujh.
5/18/2023 • 7 minutes, 48 seconds
Namibia's green energy ambitions
Namibia is pinning its economic hopes on its green hydrogen sector. By 2040 the country expects its energy mix to be dominated by green energy, which has the potential to expand its gross domestic product by more than 30% by 2030. Business Day TV assessed Namibia's green energy ambitions in greater detail with Gerrit van Rooyen, Economist at Oxford Economics Africa.
5/18/2023 • 7 minutes, 35 seconds
Russian arms torpedo the rand
The South African rand recently hit a record low after the US Ambassador to SA accused the country of supplying Russia with arms during Russia's conflict with Ukraine. Financial Mail's Deputy Editor & Columnist, Natasha Marrian joins Business Day TV to unpack these allegations and to explore South Africa's capacity to produce weaponry.
5/18/2023 • 11 minutes, 55 seconds
Biggest threats faced by SA's agricultural sector
South Africa's fourth quarter GDP contraction of 1.3% was in part driven by losses in the agricultural sector. This as the industry feels the pinch of inflation, climate change, load-shedding and geopolitical tensions. Business Day TV spoke to Paul Makube, Senior Agricultural Economist for more insight about the threats facing the industry.
5/18/2023 • 9 minutes, 31 seconds
Retail sales decline in March
The retail industry has ended the first quarter on a sour note, with sales dipping in January, February and March. The latest print shows a 1.6% fall in March on an annual basis as consumers contend with rising prices and elevated interest rates. Business Day Tv unpacked the numbers with RMB Economist, Siobhan Redford.
5/17/2023 • 5 minutes, 14 seconds
SA-US relations under the spotlight
Ties between South Africa and the US have been under scrutiny, following the 'Lady R' scandal where the US accused South Africa of supplying Russia with arms, amid the ongoing Ukraine war. Business Day Tv caught up with John Stremlau from the International Relations Department at Wits University for a deeper look at relations between the two nations.
5/17/2023 • 8 minutes, 53 seconds
Kenya's inflation slows to 7.2% Y/Y in April
Kenya's inflation is easing. CPI slowed to 7.2% year-on-year in April from 9.2% in March. The downward trajectory however is threatened by adverse weather conditions. Business Day TV unpacked the print with Daniel Kavishe, Africa Economist at RMB.
5/17/2023 • 9 minutes, 54 seconds
'Despite everything, SA remains well positioned to untap its potential'
As we approach 2030, different experts are projecting certain scenarios for the South African economy.
Allianz is among the most positive with the group's Chief Economist, Ludovic Subran suggesting that
the country remains well positioned to untap its potential via 'ubuntu'. Business Day TV spoke to
him for more detail.
5/17/2023 • 9 minutes, 32 seconds
SA's unemployment rate ticks up
South Africa's jobless rate edged higher in the first quarter and increased by 0.2 of a percentage point to 32.9%. The number of unemployed people increased by 179,000 during the period amid an energy crisis that is crippling the economy. Business Day TV unpacked the print with PwC South Africa's Chief Economist, Lullu Krugel.
5/16/2023 • 9 minutes, 13 seconds
Unpacking SA's unemployment stats
Statistics South Africa has released the Quarterly Labour Force Survey for the first quarter of this year. The jobless rate edged higher to 32.9% from 32.7% previously due to economic constraints and low business confidence resulting from the power crisis. Business Day TV unpacked the findings with Times-Live Multi-media journalist, Thabo Tshabalala.
5/16/2023 • 6 minutes, 4 seconds
Why Octodec has decided to withhold its full-year guidance
Diversified inner-city focused property group, Octodec says it's opted to withhold its full-year guidance due to 'political uncertainty'. For more detail, Business Day TV spoke to Anabel Vieira, Financial Director of Octodec.
5/16/2023 • 8 minutes, 1 second
Calgro M3 reports record earnings
Calgro M3 has delivered record profit. The group has recorded its highest ever headline earnings per share, rising by 45%. Despite the strong showing, Calgro M3 has decided against paying out a dividend, saying it plans to change its payout policy. Business Day TV caught up with company's CEO, Wikus Lategan.
5/15/2023 • 8 minutes, 34 seconds
Raubex lifts annual dividend
Raubex has given shareholders a reason to smile. During the annual period the construction and materials group hiked its dividend by 40.7% to 76 cents, this comes as it reported an over 32% jump in revenue, and headline earnings per share. Business Day TV unpacked the results with company's CEO, Felicia Msiza.
5/15/2023 • 7 minutes, 50 seconds
Trade of The Week - Estee Lauder, McCormick & Co and Healthpeak Properties
On this episode of Trade of the week, we look into Estee Lauder, McCormick & Co and Healthpeak Properties with Unum's Hedge Fund Manager, Loyiso Mpeta.
5/15/2023 • 18 minutes, 7 seconds
Load-shedding dims Vodacom's performance
Load-shedding has dimmed Vodacom's annual performance. The mobile operator spent more than R4bn on alternative energy sources over the last two years and an extra R300m to operate and maintain it. As a result, profit edged up by just 2.1% while the dividend was slashed by more than a fifth. Business Day TV unpacked the performance with the company's CEO, Shameel Joosub.
5/15/2023 • 11 minutes, 45 seconds
Telecoms is projected to be Africa's fastest growing industry
According to World Media, Africa's telecoms sector is the continent's fastest growing industry that will be responsible for future economic growth. Business Day TV spoke to Arthur Goldstuck, MD of WorldWideWorx about the prospect in greater detail.
5/15/2023 • 8 minutes, 3 seconds
Debt index shows 40% rise in people seeking debt counselling
According to the Debt Index by DebtBusters, the number of people seeking help from debt counsellors grew 40% year-on-year in the first quarter. The data also showed that consumers spent close to two-thirds of their net income to pay off debt. Companies Reporter for Business Day, Nico Gous joins Business Day TV to unpack how high inflation and interest-rate hikes squeeze disposable income and hamper consumers' ability to repay liabilities.
5/15/2023 • 6 minutes, 12 seconds
Ghana’s inflation rate slows to 41.2% y/y in April
Ghana’s inflation remains in the double-digits. Inflation fell to 41.2% in April from 45% in March. Business Day TV unpacked the print in greater detail with Ridle Markus, SSA Macroeconomist at Absa CIB.
5/12/2023 • 8 minutes, 2 seconds
Dismay as state blocks low-cost medical aids
Medical schemes, including Discovery, are desperate to launch low-cost medical aid products, but the Financial Mail's reported that the regulator is, bizarrely, fighting these plans in court. Editor for Financial Mail, Rob Rose, joins Business Day TV to unpack these low-cost health product and the regulator's position on what he calls 'an innovation with little apparent downside'
5/12/2023 • 8 minutes, 44 seconds
Rand hits a new all-time low against the dollar
The Rand hit a new all-time low against the dollar, due to a number of geopolitical factors, including claims that South Africa has helped arm Russia with weapons for the Russia-Ukraine war. Business Day TV spoke to Andre Cilliers, Director and Currency Strategist at TreasuryOne for his assessment of the local unit's performance.
5/12/2023 • 11 minutes, 4 seconds
Manufacturing production dips in March
Factory activity has continued to take a knock. In March output slipped by 1.1% year-on-year, the largest negative contributions were made by petroleum, chemical products, rubber and plastic products as well as textiles, clothing, leather and footwear. Business Day TV unpacked the data with The Manufacturing Circle's Executive Director, Philippa Rodseth.
5/11/2023 • 10 minutes, 17 seconds
Crypto chat - Bitcoin rally loses steam
Bitcoin's rally has taken a breather, prices have retreated from $30 000 to around $27 000, despite upbeat US inflation data. Business Day TV caught up with Luno's Country Manager, Christo de Wit for a look at the factors driving activity in the crypto market.
5/11/2023 • 6 minutes, 2 seconds
Côte d'Ivoire: Africa's cocoa boss
Côte d'Ivoire is one of Africa's best performing economies with cocoa production driving its gains. Climate change however is weighing on output and the country's growth potential. Business Day TV spoke to Leeuwner Esterhuysen, Economist at Oxford Economics Africa for more insight.
5/11/2023 • 8 minutes, 28 seconds
South Africa's Great Coalition Dating Game
2024 might present us with the first multi-party form of government in South Africa since the dawn of democracy. We have seen larger parties increasingly lean on smaller ones to shore up their power. So, what will a coalition government look like at national level? We unpack what Natasha Marrian, Deputy Editor for Financial Mail refers to as the great coalition dating game.
5/11/2023 • 9 minutes, 33 seconds
Mining output contracts for 14th consecutive month
Mining production remains in the doldrums. Output declined for a fourteenth consecutive month in March, down 2.6% year-on-year largely driven by a dramatic reduction in diamond output. Business Day TV unpacked the print with Crystal Huntley, Economist at Nedbank.
5/11/2023 • 9 minutes, 35 seconds
Gold price nears record high in the first quarter of 2023
Despite the gold price nearing record highs in the first quarter, demand for the yellow metal has been mixed, with central banks' gold purchases rising while purchases from other sectors remained muted. Business Day TV discussed the demand dynamics with Market Strategist at the World Gold Council, Joe Cavatoni.
5/10/2023 • 6 minutes, 52 seconds
Rest of Africa snaps up most of SA's vegetable exports
South Africa's vegetable export earnings have been increasing moderately since last year. Over the last 5-years, it has averaged R3.1BN. Bulk of that income comeS from the rest of Africa which scooped up a whopping 64% of the country's vegetable exports in 2022. Business Day TV spoke to Thabile Nkunjana, Agricultural economist in the Agro-Food Chains Markets and Economic Research Division at the National Agricultural Marketing Council for more insight
5/10/2023 • 8 minutes, 22 seconds
Pravin Gordhan to appeal against load-shedding exemptions
Public Enterprises Minister, Pravin Gordhan is set to appeal against a ruling to prevent load-shedding for public facilities within 60 days. Last week, a high court ruled that government should spare schools, police stations and healthcare facilities of load-shedding. Government is set to appeal as this ruling may pose a risk to current efforts to stabilise the national grid. Business Day TV unpacked the detail of the story with Tauriq Moosa, Legal Writer for Business Day Editorial.
5/10/2023 • 9 minutes, 31 seconds
SA Taxi puts breaks on Transaction capital's winning streak
At the half-year mark, Transaction Capital has reported a loss of R1.73bn as the group starts restructuring its struggling SA Taxi unit. The division's core earnings attributable to the group plunged by 77% during the period and is expected to weigh on the firm's full-year outlook as well. Business Day TV spoke to Transaction Capital's CEO, David Hurwitz for a closer look at the performance.
5/10/2023 • 12 minutes, 2 seconds
Equites delivers a jump in annual distribution
Growing demand for logistics facilities has given Equites a boost. During the annual period the landlord reported a 4.1% rise in distribution per share, while keeping vacancy rates low. Business Day TV caught with the company's CEO, Andrea Taverna-Turisan for more detail on the numbers.
5/9/2023 • 12 minutes, 16 seconds
Rand steady ahead of US inflation print
Despite market uncertainty as investors await the US CPI print, the local unit has remained steady trading above R18.50 against the dollar. Business Day TV discussed the factors driving activity in the currency markets with RMB's Rayno Nigrini.
5/9/2023 • 4 minutes, 47 seconds
Developing technology for African challenges
The fourth industrial revolution is broadly characterised by technologies that fuse digital, biological and physical innovation in areas such as robotics or artificial intelligence. The adoption of digital technologies in the meantime remains a challenge in Africa. Hardy Pemhiwa, President and Group CEO of Cassava Technologies spoke to Business Day TV about how technology development must address African challenges.
5/9/2023 • 8 minutes, 3 seconds
Karooooo eyes growth
Despite SA's economic strain, Karoooo has extended its growth streak. Subscriptions for its Cartrack business increased by 12.5% year-on-year to 1.72-million, boosting subscription revenue. Karooooo aims to grow Cartrack's subscriber base by a further 10% in its new financial year. Business Day TV unpacked the numbers further with Business Day's Business Writer, Mudiwa Gavaza.
5/9/2023 • 7 minutes, 51 seconds
Thungela, Exxaro under fire over climate lobbying resolutions
Coal producers, Exxaro and Thungela are under fire for refusing to table non-binding advisory shareholder resolutions from last month. The resolutions involve bringing shareholders up to speed on how the miners' lobbying and policy engagements align with that of their industry peers and goals of the Paris Agreement which targets a 45% cut in emissions by 2030 and zero emissions by 2050. Business Day TV spoke to Tracey Davis, Executive Director of activist group, Just Share for more detail.
5/9/2023 • 7 minutes, 53 seconds
Should SA exit BRICS?
According to Independent Analyst Roelof Botha, there are several reasons why South Africa should quit the BRICS body. Chief among his reasons are the economic power discrepancies between the five countries and the power it gives them in terms of decision making. Business Day TV spoke to Botha for more on his stance.
5/8/2023 • 9 minutes, 24 seconds
DA & EFF have reached voter ceilings - ANC
The DA and the EFF have reached voter ceilings. This according to the ANC’s internal research aimed at raising its chances of winning the elections in 2024. The ANC’s research, which Business Day has seen, is in stark contrast to other polls that show that the ANC is unlikely to win an outright majority in 2024. Business Day TV unpacks these finding with Business Day Journalist, Thando Maeko.
5/8/2023 • 8 minutes, 48 seconds
Polish stake boosts Redefine’s H1 distributable income
At the half-year mark, Redefine’s distributable income increased by 7.2% as the group reaped the benefits of increasing its exposure to the Polish retail sector via EPP. Business Day TV unpacked the performance in greater detail with the company’s CFO, Ntobeko Nyawo.
5/8/2023 • 8 minutes, 58 seconds
Economic Uncertainty Puts Brakes On New-Car Sales
Economic uncertainty is throttling demand for new cars. Combined sales of cars and commercial vehicles totalled 37,000 last month, a 0.2% increase from the figures for April 2022. Sales of commercial vehicles fared better given that bank credit approvals fell in April. Financial Mail reports that aggregate exports show some optimism. Business Day TV further analysed the latest vehicle sales data with Editor-at-large for Financial Mail, David Furlonger.
5/5/2023 • 7 minutes, 25 seconds
Business defends BLSA’s support for De Ruyter
Business Leadership SA helped fund a controversial independent probe into corruption, crime and sabotage at Eskom but business body, Busa stands by the funding support. Business Day TV spoke to Cas Coovadia, CEO of Busa for more detail.
5/5/2023 • 14 minutes, 10 seconds
KAL Group delivers double-digit earnings growth
KAL group formally known as KAAP Agri has delivered bumper numbers. During the half-year period the group reported an 11.6% jump in headline earnings per share while revenue surged 68.4%. This was mainly driven by the acquisition of fuel stations and convenience centres. Business Day Tv unpacked the results with CEO Sean Walsh.
5/4/2023 • 6 minutes, 55 seconds
Nigeria to delay fuel subsidy removal
The Nigerian government has decided to delay the removal of fuel subsidies. The move was set for June but state says it needs further consultations with key stakeholders and the incoming administration. Business Day TV unpacked the story in more detail with Pieter Scribante, Political Economist at Oxford Economics Africa.
5/4/2023 • 8 minutes, 12 seconds
Post-Apocalyptic: Should the post office be saved?
While Communications Minister Mondli Gungubele urges calm over the provisional liquidation of the South African Post Office, Financial Mail's investment writer Jaco Visser, asks if this liquidation is the apocalypse we may think it is and whether the entity in itself has just become obsolete with the private sector already doing all the things the Post Office once did. Business Day TV discussed the thinking with Visser.
5/4/2023 • 6 minutes, 55 seconds
Why Pick n Pay cut its dividend
Pick n Pay has cut it total dividend by over 16% as the bill the retailer racked up to deal with load-shedding shot beyond the R500m mark. The company believes that intense power outages are now the 'permanent new reality' and so to give its balance sheet some room, the firm has decided to adjust its dividend policy and take its payout ratio from 76% to 56% - 67%. To discuss this in more detail, Business Day TV spoke to Pick n Pay's CFO Lerena Oliver.
5/4/2023 • 8 minutes, 21 seconds
The Sarb unveils new features for the South African rand
The local currency is getting a new look, that's as the Sarb unveiled new designs and beefed-up security features. Business Day TV caught up with the Deputy Finance Minister, David Masondo to discuss the significance of the move, especially in a country which has lost trust in a number of economic areas.
5/3/2023 • 9 minutes, 51 seconds
The South African Reserve Bank unveils fresh look for local currency
The Sarb has upgraded the South African currency, unveiling new features - including advanced security measures which will assist to stop counterfeiting. Business Day TV unpacked these features and the importance of this upgrade with the Sarb's Deputy Governor, Kuben Naidoo.
5/3/2023 • 8 minutes, 33 seconds
Steering Africa towards realising a free-trade pact
Business Day TV speaks to John Dludlu, CEO of the Small Business Institute about how Africa can be steered towards realising a free-trade pact.
5/3/2023 • 7 minutes, 20 seconds
Future of jobs in SA
Secretaries, telemarketers, accountants and auditors are amongst the jobs most at risk of falling away over the next five years, according to a study done by the World Economic Forum. The report has however identified the green energy transition and localisation of supply chains as drivers of job growth in South Africa. Business Day TV unpacked the findings of the World Economic Forum's Future of Jobs report with Denene Erasmus, Energy Writer for Business Day.
5/3/2023 • 8 minutes, 23 seconds
Petrol price breaches R23/L mark for first time in 2023
If you live inland, as of this morning you're paying more than 23 Rand per litre for petrol - The highest rate thus far in 2023. This as both grades of fuel increased by 37 cents, while diesel and illuminating paraffin users were met with some relief Higher global oil prices are largely responsible for fuelling the petrol price. Business Day TV spoke to the Automobile Association's Layton Beard for more detail.
5/3/2023 • 6 minutes, 21 seconds
Renergen reduces its full-year loss
Renergen has narrowed its annual loss. The group reduced its loss by 21% to R26.6 million, after revenue surged due to increased demand for LNG and helium. Business Day TV unpacked the numbers with the company's CEO Stefano Marani.
5/2/2023 • 8 minutes, 40 seconds
Africa's digital payments landscape amid currency issues
Africa's cash shortages and other currency issues are expected to boost the continent's digital payments landscape. Digital payments in the meantime are projected to rise from close to $4bn to $20bn in 2025. Business Day TV assessed the continent's digital payments landscape with Mark Dankworth, President of Business Development in Africa from technology group Ukheshe
5/2/2023 • 7 minutes, 54 seconds
SA should not waste the gold boom
The world's central banks seem to be showing a new appetite for gold, particularly emerging markets central banks. The World Gold Council reports that 2022 was a record year for gold demand and central bank purchases saw a record high of over one thousand tonnes. Business Day TV spoke to Hilary Joffe, Editor-at-Large for Business Day to dig into how SA should be nurturing its gold industry to make the most of the trend.
5/2/2023 • 8 minutes, 35 seconds
Absa PMI improves but remains in contractionary territory
Factory output remains in contractionary territory as the Absa PMI rose to 49.8 points in April from 41.8 previously. The uptick was largely driven by a surge in the inventories index which is at its highest level since mid-last year. Business Day TV unpacked the print with Lisette IJssel de Schepper, Senior BER Economist.
5/2/2023 • 8 minutes, 15 seconds
Crypto chat - Bitcoin trades near the $30,000 mark
Bitcoin is edging closer to that $30, 000 mark again. That's as some investors said they expect the Fed to inject more money into the US economy after signs of yet anotherUS bank collapse. Business Day TV caught up with General Manager for Africa at Luno, Marius Reitz and he shared his take on the activity playing out in that market.
4/26/2023 • 7 minutes, 23 seconds
Steinhoff shareholders could get some value
Steinhoff International has agreed to include a proposal that would see shareholders receive a fifth of any restructured company, rather than nothing. The debt-laden international retail group said its creditors were prepared to accept contractual contingent value rights for shareholders, as part of a Dutch restructuring plan for the group. Steinhoff's board did not specify the details of the CVRs but said this would be published "in due course". Business Day unpacks the details of the restructure with Business Day's Brand Journalist, Katherine Child.
4/26/2023 • 7 minutes, 17 seconds
Funding Eskom’s coal-fired plants as we journey to net-zero emissions
Delaying the shutdown of Eskom’s coal-fired power plants may help ease load-shedding but it raises questions about who will help fund them as lenders and asset managers have committed to net-zero emissions targets. Business Day TV unpacked this conundrum with Olga Constantatos, Head of Credit at Futuregrowth.
4/26/2023 • 7 minutes, 55 seconds
Unpacking the South African investment landscape
Despite local issues like load shedding, some analysts believe that South Africa remains an attractive emerging market investment destination. Business Day TV discussed this in detail with Old Mutual Wealth’s Izak Odendaal.
4/25/2023 • 8 minutes, 1 second
Foreigners bet on South African bonds
International investors are still seeing value in local bonds, as foreigners purchased bonds worth R2.39 billion over the past week. Business Day TV discussed the activity playing out in that space with RMB Bond trader, Michelle Wohlberg.
4/25/2023 • 5 minutes, 30 seconds
SA Investment Management Outlook
Deloitte surveys 300 senior investment management executives across various sectors to gain insights on trends in investment management. Business Day TV unpacked the findings of the survey and what they point to for the industry with Amilah Costandius, Senior Manager of Strategy, Monitor and Investment Management at Deloitte Africa
4/25/2023 • 9 minutes, 49 seconds
Over 2 million travellers passed through SA in March
In the month of March, more than 2 million travellers passed through South African ports. Majority of these were foreign travellers which points to a recovery in the local tourism industry. Off the back of the data, Business Day TV spoke to Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council of SA for his outlook on the industry.
4/25/2023 • 8 minutes, 48 seconds
Government has not blocked Musk's Starlink - Gungubele
Minister of Communications, Mondli Gungubele, disclosed that government has not blocked Elon Musk's Starlink satellite network from operating in SA. Instead, it is the US satellite company that has not applied for an operating license in the country. Opposition party, the DA says that the reason Starlink has not yet applied for license is due to unfavourable regulations. Business Day TV delves further into this with Business Writer for Business Day, Mudiwa Gavaza.
4/25/2023 • 8 minutes, 3 seconds
Trade of the week - 24 April 2023
On this episode of Trade of the week, Founder of Herenya Capital, Petri Redelinghuys discusses his outlook for the Satrix 40, City Lodge and Investec.
4/24/2023 • 21 minutes, 49 seconds
Japan switches to AU from SA
The 49th G7 summit is set for next month and the host, the Japenese government, has opted to un-invite President Cyril Ramaphosa in his single capacity as South African president and has opted to give the invite to the African Union instead. The move comes as the G7 tries not to attribute particular significance to certain African countries. Business Day TV spoke to Aly-Khan Satchu, CEO of Rich Management for his analysis of the upcoming summit and what it means for Africa.
4/24/2023 • 7 minutes, 23 seconds
Joburg's Amad and Makhubele face ousting through motions of no confidence
Joburg Mayor, Thapelo Amad and Speaker, Colleen Makhubele are facing motions of no confidence against them. The motions were brought by ActionSA and the DA and have successfully made it to the council agenda. This, making them the subject of council debate at the next meeting set to take place tomorrow. Makhubele and Amad are not facing one but two motions individually. Business Day TV unpacked how the motions came about with Financial Mail Deputy Editor and Columnist, Natasha Marrian.
4/24/2023 • 9 minutes, 54 seconds
A closer look at Ramokgopa's plan to ease load-shedding
It's impossible to end load shedding by year-end, according to Electricity Minister Kgosientso Ramokgopa who laid out his plans to tackle load-shedding at the ANC's national executive committee meeting over the weekend. In the next 6-months, the minister plans to add 4,000 megawatts of power to the grid. This is just one of multiple interventions which also includes relying more on diesel generators to help ease pressure on power supply. Business Day TV spoke to Independent Economic & Energy Analyst Tshepo Kgadima for his assessment of the plans.
4/24/2023 • 11 minutes, 20 seconds
Ramaphosa Finally Appoints SABC Board
After lengthy delays and legal wrangles, President Cyril Ramaphosa has finally appointed the SABC board. This after the five-year term of the previous board ended in October last year, leaving the public broadcaster without a board for six months. The SABC has been mired in governance and financial crises that took it to the brink of collapse, so the new board is set to have their work cut out for them. Business Day TV unpacked the appointment of the new board with Sunday Times' Digital Editor, who is also Chair of the Sanef Media Freedom Committee.
4/21/2023 • 12 minutes, 45 seconds
Assessing SA's transformation journey
The Employment Equity Amendment Bill has been signed into law. The amendments champion new controversial transformation laws that will impact business and employment in the country. Business Day TV unpacked the country's transformation journey in greater detail with Sibongile Vilakazi, Newly Appointed BMF President
4/21/2023 • 11 minutes, 16 seconds
Investment case for Tesla
Lower car prices weighed on Tesla's first quarter performance, with the firm posting a 24% decline in profit. Business Day TV unpacked Tesla's investment case with James Bennett, Global Equity Analyst at Anchor.
4/20/2023 • 5 minutes, 52 seconds
Clicks posts slight rise in half-year profit
Clicks has posted a rise in half-year profit growth, despite consumers remaining under pressure. Headline earnings for the period came in 0.9% higher. Business Day TV unpacked the performance with CEO Bertina Engelbrecht
4/20/2023 • 8 minutes, 10 seconds
It's hard to predict when repo rate hikes will end
Over the past two years, Central Banks around the globe have been hiking interest rates in a bid to tame rising
inflation. South Africa has seen its ninth consecutive rate hike since November 2021. This amid muted growth which will be further exacerbated by the severe power cuts. In turn, the ailing economy will have a hard time digesting more interest rate pain. Sarb Governor Lesetja Kganyago says that it's hard to predict when repo rate hikes will end but has in the meantime called for a lower inflation target and for deregulation in the power and transport sectors to help aid the economy. The Governor joined Business Day TV to discuss the issue in detail.
4/20/2023 • 20 minutes, 28 seconds
Has SA run out of time on the doomsday clock?
South Africans are deeply concerned about what the future holds. A recent Institute of Race Relations survey showed a significant majority of South Africans, regardless of race, income level or political persuasion, believe the country is moving in the wrong direction. For a closer look at the story, Business Day TV spoke to Financial Mail Reporter, Claire Bisseker
4/20/2023 • 8 minutes, 7 seconds
Soaring inflation in North Africa weighs on Ramadan celebrations
Inflation is expected to soften in the Middle East and North Africa this year but for now, the latter is feeling the pinch of elevated inflation and rising food prices. The scenario is taking a bite out of Ramadan, a holy month of fasting which is followed by three days of celebration by the region's largely Muslim population. François Conradie, Lead Political Economist at Oxford Economics Africa spoke to Business Day TV about how inflation in North Africa is impacting livelihoods.
4/20/2023 • 9 minutes, 49 seconds
Musk's strategy for Twitter
Many analysts have been questioning Elon Musk's turnaround strategy for Twitter. That's after he axed the executive team, cut jobs and moved towards a subscriber-based model. Business Day TV caught up with Senior market analyst at Oanda, Craig Erlam and he shared his perspective on the company's performance since Musk took over.
4/19/2023 • 11 minutes, 13 seconds
Civil society heads to concourt over election law
Civil action groups are concerned about the constitutionality of new election laws that President Cyril Ramaphosa has signed. Ramaphosa signed the bill into law this week following a constitutional court judgment in 2020. The judgement stipulated that the previous electoral act was unconstitutional because it only allowed political party members to run for elections in the National Assembly and provincial legislatures. However, the new election laws received instant blowback as organisations say it violates constitutional principles. Business Day's Linda Ensor unpacked the detail of the story with Business Day TV.
4/19/2023 • 8 minutes, 11 seconds
March CPI ticks up on growing food prices
Inflation ticked up in March to 7.1% year-on-year from 7% in February as food and transport costs fail to abate. Food and non-alcoholic beverages increased by 14% year-on-year while transport costs accelerated by 8.9% during the period. Business Day TV sat down with Xhanti Payi, Economist at PwC for his analysis of the print and what it suggests for monetary policy moving forward.
4/19/2023 • 7 minutes, 45 seconds
Capitec records a jump in earnings
Capitec has delivered double-digit profit growth, with headline earnings per share jumping by 15%. This was partly boosted by higher interest rates and allowed the lender to lift its total dividend by 15% to R42. Business Day TV unpacked these numbers with CEO Gerrie Fourie.
4/18/2023 • 8 minutes, 50 seconds
Oil struggles to find direction
Oil prices have slipped, shrugging off upbeat Chinese economic data as focus shifted to a possible increase in US interest rates and wider concern about global growth. Business Day TV caught up with RMB's oil trader, Raymond Phillips for more insight on the activity playing out in the oil markets.
4/18/2023 • 5 minutes, 57 seconds
Assessing Africa’s AI landscape
The Artificial Intelligence market is currently valued at $387 billion and is projected to grow to $1.3trn by 2029 and a lack of readiness will work against Africa cashing in on that growth. Business Day TV assessed Africa’s AI landscape with Dean of UJ’s Business School, Randall Carolisen.
4/18/2023 • 8 minutes, 42 seconds
Capitec reports 15% rise in profit
Capitec is seeing the pros and cons of the high interest rate and high inflation environment. The lender has managed to grow headline earnings per share by 15% but at the same time the group’s credit impairment charge on gross loans and advances nearly doubled. Business Day TV unpacked the performance with Kokkie Kooyman, Banking Analyst from Denker Capital.
4/18/2023 • 8 minutes, 2 seconds
House price growth eases in March
According to the FNB's Residential Property Barometer, house price growth continued to slow in March. Prices averaged at 2.1% , down from 2.3% in February, as high interest rates took hold and weighed on consumers' spending power. Business Day TV spoke to FNB's Senior Economist, Siphamandla Mkhwanazi for greater insight on the index.
4/17/2023 • 7 minutes, 58 seconds
Trade of the Week - DRD Gold | Gold Fields | Anglo Gold Ashanti | Harmony Gold
On this episode of Trade of the Week, Unum's Hedge Fund Manager, Loyiso Mpeta analyses DRD Gold, Gold Fields, Anglo Gold Ashanti and Harmony Gold.
4/17/2023 • 17 minutes, 55 seconds
How Africa's factories are performing
PMI data from Africa in March showed that the continent's non-oil sectors had a mixed bag while elevated inflation in Egypt and Nigeria caused factory production to fall deeper into negative territory. Business Day TV caught up with RMB's Africa Economist, Daniel Kavishe for a closer look at the PMI readings from Egypt, Kenya, Mozambique, Nigeria and Ghana to assess the health of Africa's factories.
4/17/2023 • 7 minutes, 51 seconds
Ramokgopa calls for revision of energy action plan
Newly appointed Minister of Electricity, Kgosientsho Ramokgopa has called for the revision of the energy action plan. This could lead to the setting of new targets to end the nation's ongoing energy crisis. Speaking on the side-lines of the South Africa Investment Conference, the electricity minister said his proposals for adjusting the targets and the suggested revisions would be submitted to cabinet in the coming weeks. Business Day reports that key targets set out in the strategic plan have already been missed. Thando Maeko, Journalist for Business Day spoke to Business Day TV for a closer look at Ramogkopa's "more realistic" targets.
4/17/2023 • 8 minutes, 30 seconds
Why SA can't afford to backtrack on decarbonisation
While there appears to be disagreement between Minister of Public Enterprises, Pravin Gordhan
and Minister of Electricity, Kgosientso Ramokgopa regarding the future of Eskom's ageing coal-fired power plants,
Business Unity South Africa (Busa) has warned that South Africa cannot afford to backtrack on decarbonisation. Busa's Environment & Energy Manager, Happy Khambule spoke to Business Day TV about why the organisation has that view.
4/17/2023 • 8 minutes, 12 seconds
Incoherent policy a risk to climate funding, warn environmental groups
While the world eyes net-zero emissions by 2050 necessitating a move away from the use of fossil fuels, South Africa’s Minister of Public Enterprises and Minister of Electricity are tussling over the decommissioning of Eskom’s coal-fired power stations. Environmental groups have warned that incoherent policy in this regard poses a risk to the country’s climate funding. Business Day TV spoke to Denene Erasmus, Energy Writer at Business Day for more detail.
4/14/2023 • 8 minutes, 58 seconds
South Africans, Kenyans and Nigerians pessimistic about growth – Deloitte
Deloitte’s Restructuring Survey has found that citizens from Africa’s biggest economies are most pessimistic about growth and business rescue success rates. Business Day TV unpacked the findings of the survey with Jo Mitchell-Marais, Turnaround & Restructuring Leader at Deloitte Africa.
4/14/2023 • 10 minutes, 56 seconds
Investment into SA outpaces Ramaphosa’s R1.2trn target
A new investment target of R2trn has been set for 2028 as President Cyril Ramaphosa’s five-year plan to garner R1.2 trillion worth of investment into the country has been surpassed by 26%. Business Day TV spoke to Jacko Maree, Investment Envoy to President Ramaphosa for his take on the five-year investment drive.
4/14/2023 • 9 minutes, 50 seconds
PSG Konsult records a jump in earnings
PSG Konsult has reported a rise in annual profit, with recurring headline earnings per share increasing by 5% to close to 73 cents. That's as the group's wealth unit performed well, offsetting the downbeat showing from its asset management and insurance units. Business Day TV unpacked the numbers with the company's CFO, Mike Smith.
4/13/2023 • 8 minutes, 21 seconds
Crypto chat - Softer US inflation gives crypto market a boost
The crypto market has recovered from the banking crisis, with Bitcoin passing through the $30 000 mark and this comes after US inflation eased to 5% in March. Business Day TV caught up with South Africa's country manager at Luno, Christo de Wit for further insight on that market.
4/13/2023 • 6 minutes, 12 seconds
Kenya’s economic headwinds
Kenya’s debt has shot up by $2.58bn to over $40bn and while the East African nation is in talks with the IMF for new funding it is currently facing a dollar shortage, a depreciating shilling and severe drought. Business Day TV explored Kenya’s economic headwinds with Shani Smit-Lengton, Economist at Oxford Economics Africa.
4/13/2023 • 7 minutes, 50 seconds
SA Post Office under provisional liquidation
The South African Post Office has been placed under provisional liquidation as the embattled state-owned entity owes creditors over R4.4bn. Business Day TV spoke to Mark Barnes, Former CEO of the SA Post Office for his take on the deterioration of the entity.
4/13/2023 • 7 minutes, 47 seconds
The real reasons why the JSE is shrinking
The JSE has shed about 20% of its companies over the past decade. Companies have argued that the exchange is too expensive and the regulations too onerous; but critics say on a benchmark basis against other stock exchanges that have been able to attract listings, the JSE is actually cheap. Giulietta Talevi, Money and Investing Editor for Financial Mail joined Business Day TV to unpack the reasons behind SA's shrinking stock exchange and some workable ideas about how to reverse the drain.
4/13/2023 • 8 minutes, 18 seconds
South African households to be hit with electricity price hike
South African households are in for another blow. That's as Nersa has proposed a 15.1% hike in municipal electricity tariffs from July, and this is on the back of the bulk supply tariff increase for municipalities of 18.4%. Business Day TV spoke to the regulator's Executive Manager of Electricity, Zingisa Mavuso.
4/12/2023 • 4 minutes, 30 seconds
Glencore continues to pursue Teck Resources
Despite Glencore sweetening its offer for Teck Resource, the Canadian mining firm is not seeing value in the takeover bid. Business Day TV unpacked the prospects of the deal with Investment analyst at Anchor Capital, Seleho Tsatsi.
4/12/2023 • 8 minutes, 1 second
EOH now a 'normal' business, says CEO Stephen van Coller
EOH is now a 'normal business, according to the technology services firm's CEO Stephen van Coller. For several years, the company has been dogged by corruption scandals, unprofitable legacy contracts, inefficient corporate structures, huge debt burdens and an inefficient capital structure. But van Coller says that following the group's successful R600m capital raise, EOH can now get back to business and focus on its Growth-Efficiency-Talent strategy. To unpack this in more detail, Business Day TV spoke to van Coller.
4/5/2023 • 8 minutes, 22 seconds
Focus on ETFs as passive investments
Passive investments have been gaining traction, with ETFs and other index funds outperforming many active managers. This has been mainly due to the accommodative monetary policies over the past decade. Business Day TV caught up with 10X Investments' Chris Rule for further insight on passive strategies.
4/5/2023 • 6 minutes, 27 seconds
Will the BRICS collective dump the dollar?
When the U.S sneezes, the rest of the world catches a cold. An adage the BRICS nations are trying to weaken. The bloc of emerging market nations are mulling a new global currency that will decrease reliance on the U.S dollar. Business Day TV spoke to Andre Cilliers, Director & Currency Strategist at TreasuryONE to discuss what this de-dollarization could mean for the currency market as a whole.
4/5/2023 • 9 minutes, 11 seconds
Numsa threatens bus strike ahead of Easter
The National Union of Metalworkers of South Africa (NUMSA) is threatening to embark on a strike in the bus sector ahead of the Easter weekend. That's if employers do not put a meaningful wage offer on the table. NUMSA said it has been negotiating with employers since January and should they not return to the negotiating table, they would have no choice but to resort to a full-blown strike. This after employers refused to negotiate a 7% wage increase and health insurance benefits for employees. Business Day TV spoke to Sunday Times Reporter, Pathu Luvhengo for more detail.
4/5/2023 • 7 minutes, 42 seconds
Godongwana to withdraw Eskom exemption notice
Before government's u-turn on its decision to exempt Eskom from disclosing irregular and wasteful expenditure for the next two years, business group Sakeliga planned to challenge the decision in court. The initial decision was passed under Section 92 of the Public Finance Management Act and to look at the act in greater detail to understand Finance Minister Enoch Godongwana's powers in this regard, Business Day TV spoke to Sakeliga's Legal Officer, Tian Alberts.
4/5/2023 • 7 minutes, 24 seconds
Why more companies are listing on the A2X
Local companies continue to find value in the secondary listing market as more and more firms list on the A2X, and the latest company to join in on the action is Africa's biggest retailer - Shoprite. Business Day TV unpacked this in detail with A2X's CEO, Kevin Brady.
4/4/2023 • 7 minutes, 39 seconds
Outlook for the rand
The rand has kicked off the second quarter on a positive note, trading below the R18 mark to the Dollar and this is after the South African Reserve Bank raised rates, partly in an attempt to protect the local unit. Business Day TV spoke to RMB's Foreign Exchange Structurer, Rayno Nigrini for his outlook on the local unit.
4/4/2023 • 5 minutes, 59 seconds
Boosting Africa’s intra-trade with multi-channel logistics
The African Continental Free Trade Area agreement should boost trade on the continent by 28% come 2030. Logistics, however, may pose a risk to this target but Frost & Sullivan says that multi-channel logistics should help advance the agreement. Business Day TV spoke to Nomvo Kasolo, Africa Consultant at Frost & Sullivan for more detail.
4/4/2023 • 9 minutes, 52 seconds
Eskom Exempted From Reporting Expense Irregularities In Financial Statements
Eskom, has been exempted from having to disclose 'irregular and fruitless' expenditure in its annual financial statements until 2025. Finance Minister Enoch Godongwana has exempted the utility from regulations requiring SOEs to disclose expenditure that does not comply with provisions of the PFMA. Lobby groups are urging for a review on the exemption, arguing that transparency at Eskom is critical. Denene Erasmus, Energy Writer for Business Day joined Business Day TV to discuss the detail of the story.
4/4/2023 • 9 minutes, 56 seconds
Corruption Watch notes over 2K reports of corruption in 2022
In 2022 Corruption Watch received more than 2,000 reports of corruption. This according to the watchdog’s annual corruption report which reveals that maladministration relating to funding remains the most common among corrupt acts. Business Day TV unpacked the findings of the report with Kavisha Pillay, Head of Stakeholder Relations & Campaigns at Corruption Watch
4/4/2023 • 8 minutes, 29 seconds
Tax revenue collections cross R2 trillion mark
Sars has delivered record revenue collections, with gross tax revenues coming in at over R2 trillion for the 2022/2023 financial year. The net amount however came in at close to R1.7 billion as Sars paid out more refunds than expected. Business Day TV unpacked the numbers with Sars Commissioner, Edward Kieswetter.
4/3/2023 • 7 minutes, 34 seconds
BRICS mulls ditching US dollar
Ahead of the BRICS Summit, there have been reports suggesting that emerging market heavyweights - Brazil, Russia, India, China and South Africa are thinking of ditching the US dollar in an attempt to trade with a more common currency. Business Day TV caught up with Chair of the BRICS council Busi Mabuza, and discussed the viability of this move.
4/3/2023 • 12 minutes, 10 seconds
Trade Of The Week - 03 April 2023 | Digital Realty Trust | Tyler Technologies
In this episode, Loyiso Mpeta from Unum Capital gives his analysis of Digital Realty Trust, Tyler Technologies and Arista Networks.
4/3/2023 • 17 minutes, 5 seconds
Deepening Africa's capital markets
In Africa, one in five countries do not raise enough revenue to meet basic needs and this has created development gaps. According to the International Financial Corporation, the continent's ability to attract foreign investment is rooted in deepening its local capital markets. Guido Haller, Head of Global Markets at Standard Bank CIB joined Business Day TV to discuss strengthening Africa's capital markets amid funding deficits and shrinking stock exchanges.
4/3/2023 • 6 minutes, 51 seconds
There's a lot on the line for Telkom
Over the past 10 years, Telkom has gone from having the monopoly to being just another telecom player and now needs to invest in 5G wireless technology to remain a significant player in the telecomms landscape. This is according to Business Day's Business Writer, Mudiwa Gavaza. Business Day TV spoke to Gavaza for more detail.
4/3/2023 • 10 minutes, 58 seconds
Factory activity slows further due to load-shedding
After a strong start to the year, the Absa PMI has fallen for a second consecutive month with March's reading coming in at 48.1 index points down from 48.8 index points in February. On the bright side, the index tracking expected business conditions in the next six months suggests that output could improve moving forward. Miyelani Maluleke, Senior Economist at Absa spoke to Business Day TV about the detail of the index.
4/3/2023 • 7 minutes, 26 seconds
Omnia to expand its mining footprint in Indonesia
Chemicals, fertilizer and explosives group Omnia, is looking to Indonesia for growth. The group has formed a joint-venture with the county’s second largest company, MNK, to expand its mining footprint. Business Day TV unpacked the deal with Seelan Gobalsamy, CEO of Omnia.
3/31/2023 • 8 minutes, 22 seconds
State of SA’s economy
South Africa’s economy is in a precarious position. The country is expected to register growth of just 0.2% this year from initial forecasts of over 1%, due to the impact of load-shedding. Business Day TV spoke to Kevin Lings, Chief Economist at Stanlib for his assessment of the local economy.
3/31/2023 • 11 minutes, 39 seconds
Workforce post profit bump
Workforce has delivered double-digit earnings growth. The firm's annual headline earnings per share increased by 21% to 46.8 cents, while revenue jumped 24%. This was mainly boosted by a strong showing from its human capital, staffing and outsourcing solutions divisions. Business Day TV unpacked the numbers with CEO Ronny Katz.
3/30/2023 • 5 minutes, 46 seconds
Sarb shocks markets with 50 basis point rate hike
The South African Reserve Bank has exceeded market expectations, raising the repo rate by 50 basis points to 7.75%. Business Day TV unpacked the move with Senior Economist at BNP Paribas, Jeff Schultz.
3/30/2023 • 7 minutes, 26 seconds
The Big Idea: Focus On SA's Retirement Fund Landscape
Business Day TV unpacks the findings of the 2022 Manager Watch Survey of Retirement Fund Investment Managers published by Alexforbes. The standout feature of this year's report finds that 19 of SA's 20 largest fund managers are considered Level 1 BEE contributors. Michael Avery hosted Janina Slawski, Head of Investment Consulting at Alexforbes, and Zwelakhe Mzwakhe Mnguni, Chief Investment Officer & Co-Founder at Benguela Global Fund Managers to unpack the survey's findings.
3/30/2023 • 13 minutes, 38 seconds
Will 2024 Be The DA's Year?
The DA has put its focus on the 2024 elections as it gears up for its national elective conference. The opposition party is set to elect a leader this weekend, a move which will also set the tone for how the party deals with coalition agreements before next year's national election. Despite the ANC's governance failures, the DA has failed to break through electorally. Business Day TV unpacked whether the DA is destined to always be an opposition party, or could it be a real alternative to the governing ANC with Financial Mail's Deputy Editor & Columnist, Natasha Marrian.
3/30/2023 • 12 minutes, 10 seconds
Food for thought on CompCom’s food price hike criticism
The Competition Commission has come under fire for calling some food price hikes “opportunistic”. This as sticky inflation, an energy crisis and climate change is largely behind the uptick in food prices. Business Day TV spoke to Thabile Nkunjana, Agricultural economist in the Agro-Food Chains Markets and Economic Research Division of the National Agricultural Marketing Council for his take on the matter.
3/30/2023 • 8 minutes, 11 seconds
Alibaba plans to split into six units
Chinese e-commerce firm Alibaba, has announced plans to split its $220 billion empire into six units. These businesses will individually raise funds and explore initial public listing options. Business Day TV unpacked the move with Prescient China's Head of Product, Tian Pan.
3/29/2023 • 9 minutes, 4 seconds
Economists eye 25 basis point rate hike
Economists expect the South African Reserve Bank to hike rates again, that's as inflation remains above the Sarb's target range. Business Day TV spoke to RMB Economist, Siobhan Redford for her expectations.
3/29/2023 • 4 minutes, 54 seconds
Kenya’s carbon credits market
The global carbon credit market is booming. Kenya is currently ranked eight on the list of countries selling carbon credits from nature-based solutions. Business TV spoke to Karin Boomsma, Project Director at Sustainable Inclusive Business Kenya for more insight and perspective on Kenya’s carbon credit market based on a recent report by SIB-Kenya and the Kenya Private Sector Alliance.
3/29/2023 • 8 minutes, 16 seconds
Expectations For The SARB's MPC Meeting
Economists expect the South African Reserve Bank (SARB) to increase the repo rate by 25 basis points as it looks to rein in inflation. Business Day TV discussed the reasons behind the prediction with Hilary Joffe, Editor-at-Large for Business Day.
3/29/2023 • 9 minutes, 37 seconds
Slight upswing for salaries in February
According to the BankservAfrica's Take-home Index, the average February nominal take-home pay increased to R15 186 in February but still remains 1.8% lower than what it was during the same period last year. Business Day TV unpacked the index with Independent Economist, Elize Kruger.
3/29/2023 • 6 minutes, 43 seconds
Crypto chat - The viability of using crypto as a payment method
Analysts across the globe are questioning the viability of using cryptocurrencies as a form of payment. In South Africa, one of country's largest retailers Pick n Pay, is making it possible for customers to pay for items using crypto. Business Day TV caught up with the CFO of Luno Alwyn Jones, for a look at the adoption of crypto as a payment methodd.
3/28/2023 • 6 minutes, 1 second
Is the world moving away from globalisation?
Over the past two decades there has been a growing debate about the concept and state of globalisation, with some analysts questioning its relevance in a post-pandemic world. Business Day TV discussed the relevance of globalisation with Wits University's John Stremlau.
3/28/2023 • 7 minutes, 48 seconds
Impact of gold smuggling on Zimbabwe’s economy
Al Jazeera’s recent ‘Gold Mafia’ documentary highlights the extent of gold smuggling and money laundering in Zimbabwe. Business Day TV spoke to Propser Chitambara, Development Economist at the Labour & Economic Development Research Institute of Zimbabwe for his analysis how this phenomenon is impacting Zimbabwe’s economy.
3/28/2023 • 7 minutes, 53 seconds
Master Drilling hikes annual dividend
Master Drilling has given its shareholders a reason to smile. The global drilling group has upped its dividend by over 46% largely driven by a 12% rise in profit. Business Day TV unpacked the performance in greater detail with company’s CEO Danie Pretorius.
3/28/2023 • 7 minutes, 15 seconds
Ramaphosa cannot assure Putin courts will not issue an arrest warrant
The International Criminal Court has issued a warrant of arrest for Russian President Vladimir Putin, for allegedly committing war crimes in Russia's ongoing invasion of Ukraine. South Africa, being a signatory to the ICC, would be obliged to arrest Putin and hand him over if he sets foot on its soil. Putin is expected to be part of a group of Brics leaders to attend the annual summit in South Africa in August. The spotlight is on South Africa to see if the country will follow the ICC's mandate or not. ANC national spokesperson Mahlengi Bhengu-Motsiri says the party has taken note of the ICC's decision and it is engaging its deployees in government to gain an in-depth understanding of the situation. This visit would place Ramaphosa's government, which has not condemned Russia's invasion of Ukraine, in a precarious position. To unpack this in more detail Business Day TV spoke to Tauriq Moosa, Legal Writer for Business Day Editorial.
3/28/2023 • 7 minutes, 35 seconds
ADvTECH posts double digit profit growth
Higher enrolments and growing demand for ADvTECH's services within Africa gave its performance a boost. The private education provider has delivered an 18% jump in revenue and a 20% increase in headline earnings per share to 146 cents. Business Day TV spoke to company's CEO, Roy Douglas.
3/27/2023 • 8 minutes, 17 seconds
Hot coal prices fire up Thungela's earnings
Thungela Resources almost doubled profits, delivering a 97% surge in headline earnings per share to R130. This was mainly due to high coal prices. Business Day TV unpacked the company's full-year performance with CEO July Ndlovu.
3/27/2023 • 7 minutes, 16 seconds
Trade Of The Week - 27 March 2023 | Bidvest | Capitec | Thungela
On this episode of Trade of The Week, founder of Herenya Capital, Petri Redelinghuys, gives his analysis on Bidvest, Capitec and Thungela.
3/27/2023 • 11 minutes, 13 seconds
Assessing Africa's implementation of ESG strategies
Business Day TV spoke to Lullu Krugel, Economist at PwC about how businesses on the continent are implementing Environmental, Social, and Governance (ESG) strategies
3/27/2023 • 8 minutes, 40 seconds
How municipal debt is worsening Eskom's financial state
With generating units in and out of service and load-shedding ramping up again, Eskom is faced with another giant - municipality debt. According to Deputy President, Paul Mashatile, in 2022, Municipalities owed Eskom over R56 billion yet none of the metropolitan municipalities in the country feature in the top five owing Eskom billions of rands. Business Day TV unpacked this in greater detail with TimesLive's news reporter, Sinesipho Schrieber.
3/27/2023 • 8 minutes, 29 seconds
Load-shedding scuppers metals and engineering investment of R2.5 billion
While all industries have been hard hit by load-shedding, the metal and engineering industry is arguably one of the biggest casualties. The sector is projected to lose 5.3% in production this year, up from an earlier forecast of 2.2%, and companies have collectively cancelled R2.64 billion worth of investments due to the impact of power cuts. Business Day TV spoke to Tafadzwa Chibanguza, COO of the Steel & Engineering Industries Federation of Southern Africa for more insight.
3/27/2023 • 8 minutes, 50 seconds
Unpacking NEHAWU's healthcare worker's strike
The nurses' strike may be over but the implications for the fiscus and service delivery will echo for years. The union says the reasons for the strike included the implementation of austerity measures, collapsed wage negotiations and the employer's "aggressive attack on collective bargaining". Business Day TV looked further into this with Luyolo Mkentane, Politics & Labour Writer for Business Day.
3/24/2023 • 8 minutes, 27 seconds
Remgro hikes interim dividend
Remgro has weathered a tough economic environment. The investment holding company has delivered a 5% rise in its interim intrinsic net asset value and this allowed it to hike its dividend by 60% to 80 cents. Business Day TV unpacked the firm's numbers with CEO Jannie Durand.
3/23/2023 • 8 minutes, 33 seconds
Construction activity declines in the fourth quarter
High interest rates, power cuts and declining public spend have weighed on the construction sector. According to the Afrimat Construction Index, activity slipped 2.2% on a quarterly basis in the fourth quarter. Business Day TV unpacked that print with Roelof Botha, Advisor at Optimum Group.
3/23/2023 • 5 minutes, 59 seconds
Mining exploration in structural decline since 2004
Back in 2018 Gwede Mantashe was appointed South Africa's Minister of Mineral Resources and Energy, fast-forward to 2019 he had grand promises for the mining sector but has failed to deliver on exploration targets. Business Day TV spoke to Grant Mitchell, Head of the Junior and Emerging Miners Desk at the Minerals Council and John Paul Hunt, Principal Exploration Geologist at SRK for their assessment of the shortcomings.
3/23/2023 • 15 minutes, 23 seconds
Impact of cross border carbon tariffs on Africa
The EU's carbon border adjustment mechanism has been labelled as a deeply unjust measure that could result in $16bn being wiped off the African continent's GDP. Business Day TV spoke to Deon Fourie, Senior Economist and Energy Expert at Oxford Economics Africa for more insight on those tariffs and its potential impact on the continent.
3/23/2023 • 8 minutes, 21 seconds
Can Remgro ride Heineken SA into SAB’s once-impenetrable castle?
Following Heineken’s takeover of Distell, does it improve Remgro’s second go at the Sub-Saharan beer market post its failure in the 1970s? Business Day TV spoke to Marc Hasenfuss, Editor-at-Large of Financial Mail for his analysis.
3/23/2023 • 7 minutes, 42 seconds
ESG commitments – enough to drive foreign investment?
Stuart Theobald, Project Director of the Sanlam ESG Barometer, asserts that there are two main reasons why ESG strategies exist and one of them is to help drive foreign investment. With the launch of Sanlam’s first ESG barometer, Business Day TV caught up with Theobald for more insight on how ESG commitments should boost foreign investment.
3/23/2023 • 8 minutes, 25 seconds
How have Eskom's power cuts affected SMEs?
Eskom has resumed load shedding, and while the intensity of the power cuts may have eased, the business sector remains under pressure. Business Day Tv caught up with John Dludlu, CEO of the Small Business Institute for a look at how SMEs have been faring in this environment.
3/22/2023 • 7 minutes, 17 seconds
Unpacking the global banking crisis
The ongoing global banking crisis has had markets in a frenzy over the past two weeks, and some analysts are comparing the turmoil in the banking industry to the crisis that hit markets in 2008. Business Day TV spoke to Old Mutual Wealth's Investment Strategist, Izak Odendaal for his take on the crisis.
3/22/2023 • 7 minutes, 10 seconds
Focus on Food Security Threats in Africa
The Russia-Ukraine war has rattled food security across the globe with the energy crisis and climate change further complicating matters. Business Day TV looked at food security threats on the continent in greater detail with Norman Celliers, CEO of AFGRI.
3/22/2023 • 8 minutes, 13 seconds
SA Labour Market Dynamics
Stats SA has published the results of the Quarterly Labour Force Survey for the fourth quarter of 2022. The results show a small drop in the country's unemployment rate, with the official unemployment rate down to 32.7%. To unpack these stats and the dynamics of the South African labour market, Business Day TV spoke to Business Day's Companies Editor, Kabelo Khumalo.
3/22/2023 • 8 minutes, 29 seconds
Inflation edges up in February
Inflation surprised to the upside in February. The broad expectation was for the print to moderate to 6.8% during the period, instead it ticked up to 7% from 6.9% previously. This due to rising food and transport costs. Business Day TV unpacked the print in greater detail with Koketso Mano, Senior Economist at FNB.
3/22/2023 • 8 minutes, 50 seconds
What would an ANC-EFF coalition look like?
What would an ANC-EFF coalition look like? According to Business Day's Editor-at-large, Peter Bruce, the coalition would preside over what he calls an 'unimaginable collapse'. Business Day TV spoke to Peter Bruce for his views on the parties' leadership styles and what a coalition would entail.
3/17/2023 • 12 minutes, 18 seconds
The Resource Mobilisation Fund in focus
The Resource Mobilization Fund (RMF) was launched for the business sector to help capacitate the National Energy Crisis Committee (NECOM). According to Chair of the RMF, Martin Kingston, the RMF exists to receive and raise donations, procure capacity and skillsets, and donate these to the NECOM in support of President Ramaphosa's Energy Action Plan. Business Day TV spoke to Martin Kingston joined Business Day TV for more detail.
3/17/2023 • 8 minutes, 16 seconds
Cryto Chat - digital assets digest collapse of major US banks
The collapse of big US banking players in the crypto industry, like Silvergate and Signature has left investors on edge. Business Day TV caught up with Luno's SA Country Manager, Christo de Wit for more perspective on the impact this had on cryptocurrencies.
3/16/2023 • 5 minutes, 59 seconds
Higher costs weigh on Libstar
Libstar's posted a 46% decline in its annual operating profit. During the period the consumer goods group had to contend with higher costs, increased levels of load shedding, elevated inflation, and a fire at one of its mushroom farms. Business Day TV spoke to CEO Charl de Villiers for more detail.
3/16/2023 • 6 minutes, 9 seconds
Hot coal prices and higher sales give Exxaro's profit a boost
Exxaro has delivered double-digit profit growth, with headline earnings per share up 28%. The performance was mainly driven by higher coal prices and an increase in sales. Business Day TV discussed the company's annual performance with CEO Nombasa Tsengwa.
3/16/2023 • 8 minutes, 15 seconds
Inside Ramogkopa's Minister of Electricity Role
With an energy action plan in place, the newly appointed Minister of Electricity, Kgosientsho Ramokgopa, seems very confident that there will be an end to load-shedding. Tasked with getting Eskom's "big six" into a more reliable state, Ramokgopa told Financial Mail that with the support of the president, the ministers, and players in the ecosystem, he will succeed in taking down the Eskom beast. His backers believe he's the real deal, and up to the task. Business Day TV spoke to Natasha Marrian, Deputy Editor & Columnist for Financial Mail, to look into Ramogkopa's supporters and his plans to end load-shedding.
3/16/2023 • 12 minutes, 53 seconds
Shedding light on load-shedding with Ramokgopa
Ending load-shedding is his primary duty, his job is not permanent and the hope is that power cuts aren’t either. Business Day TV spoke to SA’s Minister of Electricity for more detail on his mandate and the task ahead.
3/16/2023 • 20 minutes, 58 seconds
Growthpoint ups interim dividend by 4.6%
Growthpoint has lifted it interim dividend by 4.6% off the back of a rise in net property income, and higher operating profit. Business Day TV unpacked the performance with CEO Norbert Sasse.
3/15/2023 • 9 minutes
Stadio delivers bumper annual earnings
Cost control measures and higher enrolment numbers gave Stadio's full-year performance a boost. The private higher education group has posted a revenue increase of 11% while core headline earnings jumped 18%. This helped Stadio lift its final dividend by 89% to 8.9 cents. Business Day TV spoke to the company's CEO Chris Vorster for more detail.
3/15/2023 • 5 minutes, 42 seconds
Mozambique: Cyclone Freddy – weathering the economic storm
The World Bank expects Mozambique to grow by 6% between 2023 and 2025 with LNG output increasing that prospect to 8% but with cyclone Freddy hitting the nation, can Mozambique weather the economic storm? Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for his take.
3/15/2023 • 8 minutes, 10 seconds
Joburg Revenue Flow At Risk Amid Flight From Eskom Power Cuts
Joburg Finance MMC Dada Morero told Business Day that the move to alternative energy sources is expected to put the squeeze on funds flowing to the city's power distribution utility. City Power is one of the biggest contributors to the city's total revenue, representing 43.8% in 2022. Business Day TV hosted Business Day's Energy Writer, Denene Erasmus for further details.
3/15/2023 • 9 minutes, 51 seconds
HomeChoice gives shareholders a reason to smile
HomeChoice has more than tripled its final payout, dishing out a dividend of 77 cents per share. This comes as headline earnings per share grew close to 42% during the full year period. Business Day TV spoke to the company's CEO Sean Wibberley for more insight on the performance.
3/14/2023 • 8 minutes, 11 seconds
Mining and manufacturing sectors start 2023 on the backfoot
The manufacturing and mining sectors have started the year on the backfoot, with factory activity slipping 3.7% and mining output declining 1.9% in January. Business Day TV caught up with RMB's Foreign Exchange Structurer, Rayno Nigrini for his take on what this could mean for growth in the first quarter.
3/14/2023 • 5 minutes, 37 seconds
Tshwane's political instability
Cope's Murunwa Makwarela has resigned after presented a fake document of rehabilitation claiming he was not insolvent. On the other hand, ATM councillor, Mncedi Ndzwanana has been elected Tshwane council speaker, another loss for the Da-led coalition. The coalition, with a solid majority, expected would to clinch the speaker position but the IEC disqualified the 69 DA votes for contravening with the voting procedure. Sisanda Mbolekwa, Political Reporter for Sunday Times joined Business Day TV to unpack Tshwane's political action.
3/14/2023 • 8 minutes, 7 seconds
Old Mutual reports 10% rise in profit as mortality claims fall
Old Mutual has benefitted from a drop in mortality claims. The insurer saw a 10% rise in annual headline earnings and kept its dividend unchanged as the outlook on economic conditions remains dim. Business Day TV spoke to the company’s CFO, Casper Troskie for his assessment of the performance.
3/14/2023 • 7 minutes, 7 seconds
Sun International’s profit more than doubles
Sun International has more than doubled its full-year profit, with headline earnings per share coming in at 226 cents. The performance comes as the casino, gaming, and hotel group benefitted from a rebound within the travel industry, as pandemic related restrictions eased. Business Day TV unpacked the results with company's CEO Anthony Leeming.
3/13/2023 • 6 minutes, 58 seconds
Absa delivers profit bump
Absa has delivered a 15% rise in annual revenue and a near 14% increase in headline earnings per share, as the lender benefitted from higher interest rates. Business Day TV spoke to Absa's Financial Director, Jason Quinn for more on the performance.
3/13/2023 • 9 minutes, 1 second
Trade Of The Week
On this week's show, founder of Herenya Capital, Petri Redelinghuys joins Business Day TV for a quan-tech-mental analysis on Shoprite, Sibanye-Stillwater and Sun International.
3/13/2023 • 13 minutes, 31 seconds
Arena's Timeslive Gets A Facelift
TimesLive is looking to explore the possibilities of the digital era. The new upweighted TimesLive experience gives users the opportunity to also enjoy leisure-time entertainment on the platform. Come for the news, stay for the entertainment! Business Day TV spoke to TimesLive Publisher, Bongani Siqoko, on what the group's CEO, Mzi Malunga, referes to as the best time of your content consumption life.
3/13/2023 • 7 minutes, 29 seconds
Sanlam weathers a challenging operating environment
Sanlam has delivered an uptick in profit amidst a tough environment. During the annual period, headline earnings per share increased by 3%, and this allowed the financial services group to raise its dividend by 8% to just over R3. Business Day TV spoke to the Financial Director, Abigail Mukhuba for more on those numbers.
3/9/2023 • 7 minutes, 5 seconds
Unpacking Fortress' interim performance
Property group Fortress Real Estate has recorded overall low vacancies, but it's still unable to pay a dividend, and it's dealing with the fallout of losing its real estate investment trust status. To unpack this in detail, Business Day TV spoke to Fortress CEO Steven Brown.
3/9/2023 • 7 minutes, 54 seconds
Coronation Plans Constitutional Court Appeal In SARS Tax Battle
Coronation is said to be planning an appeal that will take its tax fight with SARS to the Constitutional Court. This, after the Supreme Court of Appeal ruled in favour of SARS, and decided that Coronation's Irish business qualifies for a tax exemption. The asset manager has been ordered to pay, with interest, an undisclosed tax bill that has been in dispute since 2017. The tax bill equates R900m, close to as much as 70% of Coronation's 2022 annual profit. Business Day TV spoke to Financial Mail's Writer-at-large, Ann Crotty for more.
3/9/2023 • 6 minutes, 25 seconds
Navigating markets in times of uncertainty
ETF markets kicked of 2023 with a bang, as many riskier assets benefited from the reopening of China's economy. Despite the optimism analysts have warned that elevated inflation, high interest rates and the ongoing war in Ukraine still present risks to equity markets. Business Day TV discussed this with Channel Lead at 10X Investments.
3/8/2023 • 5 minutes, 46 seconds
JSE's diversification strategy bears fruit
Despite market turmoil and the delisting trend, the JSE has delivered profit growth. During the annual period headline earnings per share increased by 4% as Africa's largest bourse recorded revenue growth across its business segments. Business Day Tv caught up with CEO Leila Fourie for more on those results.
3/8/2023 • 8 minutes, 5 seconds
Load-shedding dims business confidence in Q1
Business sentiment remains gloomy. In the first quarter, the RMB/BER Business Confidence Index fell to 36 points from 38 points in the fourth quarter. Owing to severe load-shedding, RMB says the print could have been much worse. Business Day TV unpacked the print in greater detail with Ettienne le Roux, Chief Economist at RMB.
3/8/2023 • 9 minutes, 41 seconds
Shoprite delivers profit bump
Shoprite has delivered a 17% jump in its half-year revenue and a 10.2% rise in headline earnings per share. Despite the strong showing, the food retailer says profits could have been higher if it was not for the back-to-back power outages. Business Day TV spoke to the company's CEO, Pieter Engelbrecht.