Winamp Logo
Business News Leaders Cover
Business News Leaders Profile

Business News Leaders

English, Finance, 1 season, 820 episodes, 5 days, 2 hours, 54 minutes
About
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
Episode Artwork

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.
12/7/202319 minutes, 52 seconds
Episode Artwork

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.
12/7/20237 minutes, 47 seconds
Episode Artwork

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.
12/7/20237 minutes, 40 seconds
Episode Artwork

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.
12/7/20237 minutes, 18 seconds
Episode Artwork

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.
12/6/202310 minutes, 28 seconds
Episode Artwork

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.
12/6/20237 minutes, 14 seconds
Episode Artwork

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.
12/6/20238 minutes, 32 seconds
Episode Artwork

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.
12/6/20238 minutes, 50 seconds
Episode Artwork

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.
12/5/202313 minutes, 19 seconds
Episode Artwork

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.
12/5/20237 minutes, 17 seconds
Episode Artwork

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.
12/5/20237 minutes, 40 seconds
Episode Artwork

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.
12/5/20238 minutes, 45 seconds
Episode Artwork

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.
12/5/20238 minutes, 51 seconds
Episode Artwork

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.
12/4/20238 minutes, 12 seconds
Episode Artwork

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.
12/4/202318 minutes, 52 seconds
Episode Artwork

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.
12/4/20237 minutes, 28 seconds
Episode Artwork

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.
12/4/202312 minutes, 3 seconds
Episode Artwork

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.
12/4/202310 minutes, 27 seconds
Episode Artwork

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.
12/1/20238 minutes, 56 seconds
Episode Artwork

Listen! Tiger Brands says annual performance reflects challenging trading environment

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.
12/1/20238 minutes, 20 seconds
Episode Artwork

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.
12/1/20237 minutes, 28 seconds
Episode Artwork

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.
11/30/20237 minutes, 30 seconds
Episode Artwork

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.
11/30/202313 minutes, 38 seconds
Episode Artwork

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.
11/30/20237 minutes, 39 seconds
Episode Artwork

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.
11/30/20237 minutes, 32 seconds
Episode Artwork

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.
11/30/20238 minutes, 32 seconds
Episode Artwork

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.
11/29/20236 minutes, 30 seconds
Episode Artwork

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.
11/29/20236 minutes, 30 seconds
Episode Artwork

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.
11/29/20236 minutes, 33 seconds
Episode Artwork

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.
11/29/20238 minutes, 2 seconds
Episode Artwork

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.
11/29/202310 minutes, 6 seconds
Episode Artwork

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.
11/28/20237 minutes, 46 seconds
Episode Artwork

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.
11/28/20237 minutes, 10 seconds
Episode Artwork

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.
11/28/20238 minutes, 57 seconds
Episode Artwork

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.
11/28/20238 minutes, 46 seconds
Episode Artwork

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.
11/24/20236 minutes, 57 seconds
Episode Artwork

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.
11/24/20238 minutes, 32 seconds
Episode Artwork

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.
11/24/20238 minutes
Episode Artwork

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.
11/23/202326 minutes, 5 seconds
Episode Artwork

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.
11/23/20238 minutes, 59 seconds
Episode Artwork

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.
11/23/20237 minutes, 24 seconds
Episode Artwork

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.
11/23/20235 minutes, 51 seconds
Episode Artwork

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.
11/23/20235 minutes, 47 seconds
Episode Artwork

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.
11/23/20235 minutes, 47 seconds
Episode Artwork

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.
11/23/20238 minutes, 59 seconds
Episode Artwork

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.
11/22/20238 minutes, 20 seconds
Episode Artwork

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.
11/22/202318 minutes, 25 seconds
Episode Artwork

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.
11/22/20238 minutes, 38 seconds
Episode Artwork

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.
11/22/20237 minutes, 35 seconds
Episode Artwork

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.
11/21/20235 minutes, 52 seconds
Episode Artwork

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.
11/21/202317 minutes, 12 seconds
Episode Artwork

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.
11/21/20237 minutes, 32 seconds
Episode Artwork

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.
11/21/20237 minutes, 35 seconds
Episode Artwork

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.
11/21/20236 minutes, 10 seconds
Episode Artwork

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.
11/20/20236 minutes, 35 seconds
Episode Artwork

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.
11/20/20237 minutes, 39 seconds
Episode Artwork

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.
11/20/20237 minutes, 37 seconds
Episode Artwork

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.
11/20/20237 minutes, 29 seconds
Episode Artwork

Listen! Trade of the week - FirstRand, Richemont and Alibaba

Herenya Capital founder, Petri Redelinghuys provides technical analysis on FirstRand, Richemont and Alibaba.
11/20/202319 minutes, 22 seconds
Episode Artwork

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.
11/20/20238 minutes, 39 seconds
Episode Artwork

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.
11/20/20239 minutes, 52 seconds
Episode Artwork

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.
11/20/202310 minutes, 25 seconds
Episode Artwork

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.
11/16/20236 minutes, 16 seconds
Episode Artwork

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.
11/16/20237 minutes, 50 seconds
Episode Artwork

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.
11/16/202311 minutes, 19 seconds
Episode Artwork

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.
11/16/20236 minutes, 49 seconds
Episode Artwork

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.
11/15/20237 minutes, 54 seconds
Episode Artwork

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.
11/15/20235 minutes, 47 seconds
Episode Artwork

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.
11/15/20239 minutes, 4 seconds
Episode Artwork

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.
11/15/202311 minutes, 3 seconds
Episode Artwork

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.
11/15/20237 minutes, 22 seconds
Episode Artwork

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.
11/14/20238 minutes
Episode Artwork

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.
11/14/20239 minutes, 52 seconds
Episode Artwork

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.
11/14/20238 minutes, 16 seconds
Episode Artwork

Listen! Africa's continental integration opportunities

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.
11/14/20236 minutes, 57 seconds
Episode Artwork

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.
11/14/20239 minutes, 17 seconds
Episode Artwork

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.
11/13/20235 minutes, 56 seconds
Episode Artwork

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.
11/13/20236 minutes, 52 seconds
Episode Artwork

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.
11/13/20238 minutes, 6 seconds
Episode Artwork

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
11/13/20238 minutes, 40 seconds
Episode Artwork

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.
11/13/20239 minutes, 29 seconds
Episode Artwork

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.
11/10/20236 minutes, 51 seconds
Episode Artwork

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.
11/10/20238 minutes, 51 seconds
Episode Artwork

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.
11/9/20235 minutes, 27 seconds
Episode Artwork

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
11/9/20237 minutes, 49 seconds
Episode Artwork

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.
11/9/202310 minutes, 7 seconds
Episode Artwork

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
11/9/20239 minutes, 2 seconds
Episode Artwork

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.
11/9/20238 minutes, 32 seconds
Episode Artwork

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.
11/9/20237 minutes, 55 seconds
Episode Artwork

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.
11/8/20236 minutes, 16 seconds
Episode Artwork

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.
11/8/20236 minutes, 35 seconds
Episode Artwork

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.
11/8/20237 minutes, 38 seconds
Episode Artwork

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.
11/8/20235 minutes, 31 seconds
Episode Artwork

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.
11/8/20239 minutes, 59 seconds
Episode Artwork

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.
11/7/20237 minutes, 52 seconds
Episode Artwork

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.
11/3/20239 minutes, 15 seconds
Episode Artwork

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.
11/3/20234 minutes, 15 seconds
Episode Artwork

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.
11/3/20237 minutes, 53 seconds
Episode Artwork

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.
11/2/202318 minutes, 3 seconds
Episode Artwork

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.
11/2/20237 minutes, 55 seconds
Episode Artwork

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.
11/2/20238 minutes, 22 seconds
Episode Artwork

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.
11/2/20238 minutes, 13 seconds
Episode Artwork

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.
11/1/202310 minutes, 16 seconds
Episode Artwork

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.
11/1/202310 minutes, 39 seconds
Episode Artwork

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.
11/1/20237 minutes, 51 seconds
Episode Artwork

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.
11/1/20239 minutes, 26 seconds
Episode Artwork

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.
11/1/20237 minutes, 24 seconds
Episode Artwork

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.
11/1/20237 minutes, 55 seconds
Episode Artwork

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.
10/31/20237 minutes, 48 seconds
Episode Artwork

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.
10/31/20235 minutes, 58 seconds
Episode Artwork

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.
10/31/20239 minutes, 51 seconds
Episode Artwork

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.
10/31/20234 minutes, 57 seconds
Episode Artwork

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.
10/31/20237 minutes, 49 seconds
Episode Artwork

Listen! Adcorp delivers double-digit profit growth

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.
10/30/20236 minutes, 51 seconds
Episode Artwork

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.
10/30/20238 minutes, 13 seconds
Episode Artwork

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.
10/30/20237 minutes, 53 seconds
Episode Artwork

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.
10/27/20237 minutes, 41 seconds
Episode Artwork

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.
10/27/20236 minutes, 49 seconds
Episode Artwork

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.
10/27/20239 minutes, 17 seconds
Episode Artwork

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.
10/27/20237 minutes, 24 seconds
Episode Artwork

Listen! Afrimat's diversification strategy boosts earnings

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.
10/26/20236 minutes, 47 seconds
Episode Artwork

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.
10/26/20236 minutes, 52 seconds
Episode Artwork

Listen! Crypto Chat - Bitcoin rally gains traction

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
10/26/20235 minutes, 22 seconds
Episode Artwork

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.
10/26/20237 minutes, 18 seconds
Episode Artwork

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
10/26/202318 minutes, 3 seconds
Episode Artwork

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.
10/26/20235 minutes, 42 seconds
Episode Artwork

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
10/26/20238 minutes, 2 seconds
Episode Artwork

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.
10/26/20238 minutes, 43 seconds
Episode Artwork

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.
10/25/20237 minutes, 31 seconds
Episode Artwork

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.
10/25/20238 minutes, 55 seconds
Episode Artwork

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.
10/25/20238 minutes, 53 seconds
Episode Artwork

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.
10/24/202313 minutes, 9 seconds
Episode Artwork

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.
10/24/20239 minutes, 14 seconds
Episode Artwork

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.
10/24/20237 minutes
Episode Artwork

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.
10/24/20238 minutes, 15 seconds
Episode Artwork

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.
10/24/20237 minutes, 55 seconds
Episode Artwork

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.
10/23/20236 minutes, 20 seconds
Episode Artwork

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.
10/23/20239 minutes, 20 seconds
Episode Artwork

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.
10/23/20237 minutes, 35 seconds
Episode Artwork

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
10/23/20237 minutes, 22 seconds
Episode Artwork

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.
10/20/20239 minutes, 15 seconds
Episode Artwork

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.`
10/20/20238 minutes, 22 seconds
Episode Artwork

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.
10/19/20238 minutes, 44 seconds
Episode Artwork

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.
10/19/20237 minutes, 49 seconds
Episode Artwork

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.
10/19/202316 minutes, 17 seconds
Episode Artwork

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.
10/19/20239 minutes
Episode Artwork

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.
10/19/20238 minutes, 23 seconds
Episode Artwork

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.
10/19/20238 minutes, 12 seconds
Episode Artwork

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.
10/18/20236 minutes, 32 seconds
Episode Artwork

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.
10/18/20238 minutes, 22 seconds
Episode Artwork

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.
10/18/20239 minutes, 32 seconds
Episode Artwork

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.
10/18/20239 minutes, 5 seconds
Episode Artwork

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.
10/17/20239 minutes, 44 seconds
Episode Artwork

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.
10/17/20238 minutes
Episode Artwork

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
10/17/20237 minutes, 46 seconds
Episode Artwork

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.
10/17/20237 minutes, 36 seconds
Episode Artwork

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.
10/17/20237 minutes, 13 seconds
Episode Artwork

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
10/16/20239 minutes, 3 seconds
Episode Artwork

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.
10/16/20236 minutes, 59 seconds
Episode Artwork

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.
10/16/202318 minutes, 20 seconds
Episode Artwork

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.
10/16/20239 minutes, 36 seconds
Episode Artwork

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.
10/16/20237 minutes, 59 seconds
Episode Artwork

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.
10/16/20237 minutes, 9 seconds
Episode Artwork

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.
10/13/20237 minutes, 21 seconds
Episode Artwork

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.
10/13/20238 minutes, 31 seconds
Episode Artwork

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.
10/13/20238 minutes, 10 seconds
Episode Artwork

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.
10/12/20236 minutes, 26 seconds
Episode Artwork

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.
10/12/202317 minutes, 43 seconds
Episode Artwork

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.
10/12/20236 minutes, 40 seconds
Episode Artwork

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.
10/12/20238 minutes, 13 seconds
Episode Artwork

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.
10/12/202310 minutes, 59 seconds
Episode Artwork

Listen! Geopolitical factors influence rand performance

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.
10/11/20235 minutes, 46 seconds
Episode Artwork

Listen! PSG Financial Services weathers challenging trading conditions

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.
10/11/20237 minutes, 12 seconds
Episode Artwork

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.
10/11/20239 minutes, 34 seconds
Episode Artwork

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.
10/10/202317 minutes, 59 seconds
Episode Artwork

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
10/10/20236 minutes, 41 seconds
Episode Artwork

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.
10/10/20239 minutes, 24 seconds
Episode Artwork

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.
10/10/202310 minutes, 54 seconds
Episode Artwork

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.
10/10/20239 minutes, 2 seconds
Episode Artwork

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.
10/9/20239 minutes, 6 seconds
Episode Artwork

Listen! Trade of the week - Firstrand, Capitec and Sasol

Founder of Herenya Capital, Petri Redelinghuys provided tech analysis Firstrand, Capitec and Sasol.
10/9/202318 minutes, 23 seconds
Episode Artwork

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.
10/9/20238 minutes, 22 seconds
Episode Artwork

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.
10/9/202312 minutes, 25 seconds
Episode Artwork

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.
10/9/20239 minutes, 16 seconds
Episode Artwork

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.
10/6/20237 minutes, 25 seconds
Episode Artwork

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.
10/6/202311 minutes, 24 seconds
Episode Artwork

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.
10/5/20235 minutes, 39 seconds
Episode Artwork

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.
10/5/202321 minutes, 37 seconds
Episode Artwork

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.
10/5/20237 minutes, 47 seconds
Episode Artwork

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.
10/5/202315 minutes, 57 seconds
Episode Artwork

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.
10/5/20238 minutes, 19 seconds
Episode Artwork

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.
10/4/20238 minutes, 53 seconds
Episode Artwork

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.
10/4/20237 minutes, 42 seconds
Episode Artwork

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.
10/4/20239 minutes
Episode Artwork

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.
10/4/20237 minutes
Episode Artwork

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.
10/3/20235 minutes, 33 seconds
Episode Artwork

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.
10/3/20239 minutes, 29 seconds
Episode Artwork

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.
10/3/20239 minutes, 30 seconds
Episode Artwork

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.
10/3/20239 minutes, 30 seconds
Episode Artwork

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.
10/2/202311 minutes, 38 seconds
Episode Artwork

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.
10/2/20237 minutes, 43 seconds
Episode Artwork

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.
10/2/20239 minutes, 45 seconds
Episode Artwork

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.
10/2/202317 minutes, 22 seconds
Episode Artwork

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.
9/29/20237 minutes, 30 seconds
Episode Artwork

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.
9/29/20238 minutes, 47 seconds
Episode Artwork

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.
9/29/20238 minutes, 14 seconds
Episode Artwork

Listen! Crypto Chat - Cryptocurrencies trade sideways

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.
9/28/20236 minutes, 16 seconds
Episode Artwork

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.
9/28/20238 minutes, 40 seconds
Episode Artwork

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.
9/28/202317 minutes, 29 seconds
Episode Artwork

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.
9/28/20237 minutes, 50 seconds
Episode Artwork

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
9/27/202315 minutes, 17 seconds
Episode Artwork

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.
9/27/20237 minutes, 32 seconds
Episode Artwork

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.
9/27/20237 minutes, 56 seconds
Episode Artwork

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.
9/27/20237 minutes, 22 seconds
Episode Artwork

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.
9/27/20236 minutes, 52 seconds
Episode Artwork

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.
9/27/20237 minutes, 2 seconds
Episode Artwork

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.
9/26/20236 minutes, 55 seconds
Episode Artwork

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.
9/26/20237 minutes, 14 seconds
Episode Artwork

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.
9/26/20239 minutes, 41 seconds
Episode Artwork

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.
9/22/20237 minutes, 35 seconds
Episode Artwork

Listen! SA's worst bird flu outbreak - impact on industry, consumers

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.
9/22/202311 minutes, 19 seconds
Episode Artwork

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.
9/22/20237 minutes, 33 seconds
Episode Artwork

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.
9/21/202310 minutes, 23 seconds
Episode Artwork

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.
9/21/20237 minutes, 38 seconds
Episode Artwork

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.
9/21/202316 minutes, 10 seconds
Episode Artwork

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.
9/21/20237 minutes, 26 seconds
Episode Artwork

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.
9/21/20239 minutes, 40 seconds
Episode Artwork

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.
9/21/20237 minutes, 18 seconds
Episode Artwork

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.
9/20/202310 minutes, 2 seconds
Episode Artwork

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.
9/20/20238 minutes, 54 seconds
Episode Artwork

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.
9/20/20239 minutes, 32 seconds
Episode Artwork

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.
9/20/20238 minutes, 20 seconds
Episode Artwork

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.
9/20/20237 minutes, 52 seconds
Episode Artwork

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.
9/19/20237 minutes, 36 seconds
Episode Artwork

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.
9/19/20238 minutes, 15 seconds
Episode Artwork

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.
9/19/20239 minutes, 4 seconds
Episode Artwork

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.
9/19/20238 minutes
Episode Artwork

Listen! Analysts overestimate China's economic recovery

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.
9/18/20237 minutes, 36 seconds
Episode Artwork

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.
9/18/202317 minutes, 43 seconds
Episode Artwork

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.
9/18/20238 minutes, 49 seconds
Episode Artwork

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.
9/18/202310 minutes, 43 seconds
Episode Artwork

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.
9/18/202312 minutes, 20 seconds
Episode Artwork

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.
9/15/20238 minutes, 54 seconds
Episode Artwork

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.
9/15/202317 minutes, 14 seconds
Episode Artwork

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.
9/14/20234 minutes, 40 seconds
Episode Artwork

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.
9/14/20238 minutes, 31 seconds
Episode Artwork

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.
9/14/20237 minutes, 11 seconds
Episode Artwork

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.
9/14/202317 minutes, 56 seconds
Episode Artwork

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.
9/14/20234 minutes, 55 seconds
Episode Artwork

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.
9/13/20239 minutes
Episode Artwork

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.
9/13/20238 minutes
Episode Artwork

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.
9/13/20239 minutes, 48 seconds
Episode Artwork

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.
9/13/20237 minutes, 52 seconds
Episode Artwork

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.
9/12/20236 minutes, 10 seconds
Episode Artwork

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.
9/12/20237 minutes
Episode Artwork

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.
9/12/20239 minutes, 47 seconds
Episode Artwork

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...
9/12/20238 minutes, 21 seconds
Episode Artwork

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.
9/12/20238 minutes, 18 seconds
Episode Artwork

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.
9/12/20237 minutes, 58 seconds
Episode Artwork

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.
9/11/20236 minutes, 56 seconds
Episode Artwork

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.
9/11/202312 minutes, 9 seconds
Episode Artwork

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.
9/11/202311 minutes, 32 seconds
Episode Artwork

Trade of the week - Thungela, Mr Price and FirstRand

Herenya Capital founder, Petri Redelinghuys provides technical analysis on Thungela, Mr Price and FirstRand.
9/11/202318 minutes, 38 seconds
Episode Artwork

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.
9/8/20238 minutes, 44 seconds
Episode Artwork

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.
9/8/20237 minutes, 39 seconds
Episode Artwork

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.
9/7/20236 minutes, 33 seconds
Episode Artwork

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.
9/7/20238 minutes, 52 seconds
Episode Artwork

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.
9/7/202316 minutes, 9 seconds
Episode Artwork

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.
9/7/20237 minutes, 54 seconds
Episode Artwork

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.
9/7/202310 minutes, 4 seconds
Episode Artwork

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.
9/7/20236 minutes, 21 seconds
Episode Artwork

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.
9/6/20239 minutes
Episode Artwork

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.
9/6/20236 minutes, 40 seconds
Episode Artwork

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.
9/6/202322 minutes, 20 seconds
Episode Artwork

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.
9/6/202310 minutes, 13 seconds
Episode Artwork

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.
9/6/20236 minutes, 5 seconds
Episode Artwork

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.
9/6/20237 minutes, 26 seconds
Episode Artwork

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.
9/5/20237 minutes, 56 seconds
Episode Artwork

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.
9/5/20237 minutes, 43 seconds
Episode Artwork

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.
9/5/20237 minutes, 5 seconds
Episode Artwork

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.
9/5/20238 minutes, 51 seconds
Episode Artwork

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.
9/5/20237 minutes, 24 seconds
Episode Artwork

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.
9/5/20237 minutes, 2 seconds
Episode Artwork

Listen! African Rainbow Minerals profit falls on lower prices, rail woes

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.
9/4/20238 minutes, 39 seconds
Episode Artwork

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
9/4/20237 minutes, 34 seconds
Episode Artwork

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.
9/4/20237 minutes, 23 seconds
Episode Artwork

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.
9/4/202317 minutes, 40 seconds
Episode Artwork

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.
9/4/20238 minutes, 28 seconds
Episode Artwork

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.
9/4/20237 minutes, 51 seconds
Episode Artwork

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.
9/4/20236 minutes, 45 seconds
Episode Artwork

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.
9/1/202310 minutes, 36 seconds
Episode Artwork

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.
8/31/20238 minutes, 47 seconds
Episode Artwork

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.
8/31/202316 minutes, 12 seconds
Episode Artwork

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.
8/31/202312 minutes, 7 seconds
Episode Artwork

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.
8/31/20238 minutes, 47 seconds
Episode Artwork

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.
8/31/20238 minutes, 19 seconds
Episode Artwork

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.
8/30/20236 minutes, 59 seconds
Episode Artwork

Listen! BidCorp posts profit bump despite inflationary pressures

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.
8/30/20236 minutes, 44 seconds
Episode Artwork

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.
8/30/20237 minutes, 11 seconds
Episode Artwork

Listen! Cashbuild profit tumbles amid slumping sales

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.
8/30/20237 minutes, 4 seconds
Episode Artwork

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.
8/30/20239 minutes, 11 seconds
Episode Artwork

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.
8/30/202310 minutes, 24 seconds
Episode Artwork

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.
8/30/20237 minutes, 39 seconds
Episode Artwork

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.
8/29/20237 minutes, 34 seconds
Episode Artwork

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.
8/29/20238 minutes, 47 seconds
Episode Artwork

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.
8/29/20238 minutes, 57 seconds
Episode Artwork

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.
8/29/20237 minutes, 34 seconds
Episode Artwork

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.
8/29/20237 minutes, 40 seconds
Episode Artwork

Listen! Italtile delivers solid performance despite difficult circumstances

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.
8/28/20237 minutes, 17 seconds
Episode Artwork

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.
8/28/20237 minutes, 5 seconds
Episode Artwork

Trade of The Week - 28 August 2023

Business Day TV speaks to Founder of Herenya Capital Petri Redelinghuys for his trade of the week.
8/28/202317 minutes, 32 seconds
Episode Artwork

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.
8/28/202310 minutes, 3 seconds
Episode Artwork

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.
8/28/20239 minutes, 8 seconds
Episode Artwork

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.
8/28/20239 minutes, 19 seconds
Episode Artwork

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.
8/25/20235 minutes, 18 seconds
Episode Artwork

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.
8/25/20237 minutes, 26 seconds
Episode Artwork

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.
8/25/20237 minutes, 41 seconds
Episode Artwork

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.
8/24/20236 minutes, 17 seconds
Episode Artwork

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.
8/24/202318 minutes, 18 seconds
Episode Artwork

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.
8/24/20238 minutes, 52 seconds
Episode Artwork

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.
8/24/20237 minutes, 27 seconds
Episode Artwork

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.
8/24/20232 minutes, 50 seconds
Episode Artwork

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.
8/23/20237 minutes, 59 seconds
Episode Artwork

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.
8/23/20238 minutes, 15 seconds
Episode Artwork

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.
8/23/20237 minutes, 35 seconds
Episode Artwork

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.
8/23/20232 minutes, 52 seconds
Episode Artwork

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.
8/23/20236 minutes, 51 seconds
Episode Artwork

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.
8/22/20238 minutes, 5 seconds
Episode Artwork

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.
8/22/20237 minutes, 50 seconds
Episode Artwork

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.
8/22/20237 minutes, 32 seconds
Episode Artwork

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.
8/22/20236 minutes, 12 seconds
Episode Artwork

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.
8/21/20236 minutes, 9 seconds
Episode Artwork

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.
8/21/20238 minutes, 12 seconds
Episode Artwork

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.
8/21/202318 minutes, 2 seconds
Episode Artwork

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.
8/21/20239 minutes, 10 seconds
Episode Artwork

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.
8/21/20236 minutes, 14 seconds
Episode Artwork

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.
8/21/20237 minutes, 18 seconds
Episode Artwork

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
8/18/202310 minutes, 57 seconds
Episode Artwork

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.
8/18/20237 minutes, 57 seconds
Episode Artwork

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.
8/17/20239 minutes, 1 second
Episode Artwork

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.
8/17/20238 minutes, 10 seconds
Episode Artwork

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.
8/17/202317 minutes, 41 seconds
Episode Artwork

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.
8/17/20238 minutes, 12 seconds
Episode Artwork

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.
8/17/20238 minutes, 26 seconds
Episode Artwork

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.
8/17/202310 minutes, 6 seconds
Episode Artwork

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.
8/16/20239 minutes, 10 seconds
Episode Artwork

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.
8/16/20233 minutes, 44 seconds
Episode Artwork

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.
8/16/20238 minutes, 12 seconds
Episode Artwork

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.
8/16/20237 minutes, 35 seconds
Episode Artwork

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.
8/16/20239 minutes, 36 seconds
Episode Artwork

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.
8/15/20238 minutes, 55 seconds
Episode Artwork

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.
8/15/20238 minutes, 6 seconds
Episode Artwork

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
8/15/20236 minutes, 35 seconds
Episode Artwork

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.
8/15/20238 minutes, 11 seconds
Episode Artwork

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.
8/15/20238 minutes, 28 seconds
Episode Artwork

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.
8/14/20237 minutes, 45 seconds
Episode Artwork

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.
8/14/20238 minutes, 6 seconds
Episode Artwork

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.
8/14/202318 minutes, 9 seconds
Episode Artwork

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.
8/14/20237 minutes, 40 seconds
Episode Artwork

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.
8/14/20236 minutes, 33 seconds
Episode Artwork

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.
8/14/20237 minutes, 29 seconds
Episode Artwork

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
8/11/202310 minutes, 10 seconds
Episode Artwork

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.
8/11/202311 minutes, 28 seconds
Episode Artwork

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.
8/11/20239 minutes, 8 seconds
Episode Artwork

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.
8/10/20237 minutes, 52 seconds
Episode Artwork

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
8/10/20235 minutes, 38 seconds
Episode Artwork

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.
8/10/202318 minutes, 9 seconds
Episode Artwork

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.
8/10/20237 minutes, 44 seconds
Episode Artwork

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.
8/10/20237 minutes, 9 seconds
Episode Artwork

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.
8/10/20238 minutes, 16 seconds
Episode Artwork

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.
8/8/20237 minutes, 59 seconds
Episode Artwork

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.
8/8/20236 minutes, 53 seconds
Episode Artwork

Artificial Intelligence & Africa's legal landscape

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.
8/8/20237 minutes, 32 seconds
Episode Artwork

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.
8/8/20238 minutes, 22 seconds
Episode Artwork

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
8/7/20236 minutes, 44 seconds
Episode Artwork

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
8/7/202318 minutes, 33 seconds
Episode Artwork

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.
8/7/20239 minutes, 43 seconds
Episode Artwork

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.
8/7/202311 minutes, 16 seconds
Episode Artwork

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.
8/7/20237 minutes, 20 seconds
Episode Artwork

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.
8/4/20238 minutes, 4 seconds
Episode Artwork

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.
8/4/202313 minutes, 21 seconds
Episode Artwork

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.
8/4/20237 minutes, 52 seconds
Episode Artwork

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.
8/3/20238 minutes, 12 seconds
Episode Artwork

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.
8/3/20235 minutes, 2 seconds
Episode Artwork

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.
8/3/20238 minutes, 35 seconds
Episode Artwork

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.
8/3/20238 minutes, 37 seconds
Episode Artwork

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.
8/3/20237 minutes, 29 seconds
Episode Artwork

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.
8/2/20239 minutes, 35 seconds
Episode Artwork

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.
8/2/20237 minutes, 46 seconds
Episode Artwork

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.
8/2/20236 minutes, 59 seconds
Episode Artwork

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.
8/2/20239 minutes, 20 seconds
Episode Artwork

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.
8/2/202314 minutes
Episode Artwork

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.
8/2/20237 minutes, 41 seconds
Episode Artwork

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.
8/1/20239 minutes, 22 seconds
Episode Artwork

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.
8/1/20236 minutes, 57 seconds
Episode Artwork

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.
8/1/20235 minutes, 54 seconds
Episode Artwork

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.
8/1/20237 minutes, 25 seconds
Episode Artwork

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.
8/1/20237 minutes, 48 seconds
Episode Artwork

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.
7/31/20239 minutes, 6 seconds
Episode Artwork

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.
7/31/202316 minutes, 1 second
Episode Artwork

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.
7/31/20238 minutes, 23 seconds
Episode Artwork

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.
7/31/20239 minutes, 16 seconds
Episode Artwork

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.
7/31/20237 minutes, 52 seconds
Episode Artwork

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.
7/28/20237 minutes, 35 seconds
Episode Artwork

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.
7/28/20239 minutes, 36 seconds
Episode Artwork

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.
7/28/20237 minutes, 59 seconds
Episode Artwork

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
7/27/20239 minutes
Episode Artwork

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.
7/27/202319 minutes, 22 seconds
Episode Artwork

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.
7/27/20237 minutes, 6 seconds
Episode Artwork

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.
7/27/20238 minutes, 44 seconds
Episode Artwork

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.
7/27/20238 minutes, 15 seconds
Episode Artwork

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.
7/26/20239 minutes, 38 seconds
Episode Artwork

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.
7/26/20237 minutes, 58 seconds
Episode Artwork

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
7/26/20238 minutes, 53 seconds
Episode Artwork

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.
7/26/20239 minutes, 53 seconds
Episode Artwork

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.
7/26/20237 minutes, 52 seconds
Episode Artwork

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.
7/25/20238 minutes, 25 seconds
Episode Artwork

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.
7/25/20234 minutes, 56 seconds
Episode Artwork

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.
7/25/20238 minutes, 43 seconds
Episode Artwork

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.
7/25/20237 minutes, 41 seconds
Episode Artwork

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.
7/25/20238 minutes, 32 seconds
Episode Artwork

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.
7/24/20239 minutes, 12 seconds
Episode Artwork

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.
7/24/20237 minutes, 20 seconds
Episode Artwork

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
7/24/202319 minutes, 4 seconds
Episode Artwork

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
7/24/20237 minutes, 45 seconds
Episode Artwork

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.
7/24/20238 minutes, 3 seconds
Episode Artwork

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.
7/24/20238 minutes, 25 seconds
Episode Artwork

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.
7/21/20238 minutes, 25 seconds
Episode Artwork

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.
7/21/20238 minutes, 42 seconds
Episode Artwork

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.
7/21/20239 minutes, 45 seconds
Episode Artwork

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.
7/20/202310 minutes, 57 seconds
Episode Artwork

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.
7/20/20237 minutes, 6 seconds
Episode Artwork

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.
7/20/202319 minutes, 13 seconds
Episode Artwork

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.
7/20/20238 minutes, 11 seconds
Episode Artwork

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.
7/20/20238 minutes, 27 seconds
Episode Artwork

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.
7/20/20236 minutes, 45 seconds
Episode Artwork

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.
7/19/20237 minutes, 31 seconds
Episode Artwork

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.
7/19/20237 minutes, 26 seconds
Episode Artwork

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.
7/19/20239 minutes, 32 seconds
Episode Artwork

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.
7/19/202310 minutes, 19 seconds
Episode Artwork

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.
7/19/20237 minutes, 27 seconds
Episode Artwork

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.
7/19/20234 minutes, 28 seconds
Episode Artwork

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.
7/18/20237 minutes, 25 seconds
Episode Artwork

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.
7/18/202310 minutes, 49 seconds
Episode Artwork

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.
7/18/20234 minutes, 53 seconds
Episode Artwork

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.
7/18/20239 minutes
Episode Artwork

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.
7/18/20237 minutes, 20 seconds
Episode Artwork

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.
7/18/20238 minutes, 34 seconds
Episode Artwork

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.
7/17/202317 minutes, 46 seconds
Episode Artwork

Trade of the Week

Unum Capital's Loyiso Mpeta provides technical analysis on Dish Network Corporation, Teladoc Inc and Kraft Heinz Co.
7/17/202315 minutes
Episode Artwork

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.
7/17/20238 minutes, 10 seconds
Episode Artwork

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.
7/17/20239 minutes, 12 seconds
Episode Artwork

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.
7/17/20238 minutes, 1 second
Episode Artwork

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.
7/14/20237 minutes, 55 seconds
Episode Artwork

'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.
7/14/20237 minutes, 35 seconds
Episode Artwork

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.
7/13/20239 minutes, 54 seconds
Episode Artwork

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.
7/13/202310 minutes, 38 seconds
Episode Artwork

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
7/13/20239 minutes, 25 seconds
Episode Artwork

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.
7/12/20235 minutes, 39 seconds
Episode Artwork

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.
7/12/20237 minutes, 5 seconds
Episode Artwork

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.
7/12/20239 minutes, 40 seconds
Episode Artwork

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
7/12/20238 minutes, 46 seconds
Episode Artwork

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.
7/12/20239 minutes, 44 seconds
Episode Artwork

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.
7/11/20235 minutes, 9 seconds
Episode Artwork

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
7/11/20236 minutes, 2 seconds
Episode Artwork

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.
7/11/20238 minutes, 50 seconds
Episode Artwork

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.
7/11/20237 minutes, 54 seconds
Episode Artwork

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.
7/11/20238 minutes, 50 seconds
Episode Artwork

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.
7/10/20237 minutes, 19 seconds
Episode Artwork

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.
7/10/20239 minutes, 39 seconds
Episode Artwork

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.
7/10/20236 minutes, 34 seconds
Episode Artwork

'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.
7/7/202310 minutes, 12 seconds
Episode Artwork

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.
7/7/20238 minutes, 27 seconds
Episode Artwork

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.
7/7/202311 minutes, 7 seconds
Episode Artwork

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.
7/6/20239 minutes, 21 seconds
Episode Artwork

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.
7/6/20238 minutes, 30 seconds
Episode Artwork

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.
7/6/20236 minutes, 13 seconds
Episode Artwork

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.
7/6/202318 minutes, 42 seconds
Episode Artwork

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.
7/6/20237 minutes, 51 seconds
Episode Artwork

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.
7/6/20238 minutes, 45 seconds
Episode Artwork

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.
7/6/20237 minutes, 56 seconds
Episode Artwork

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.
7/5/20238 minutes, 19 seconds
Episode Artwork

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.
7/5/20236 minutes, 51 seconds
Episode Artwork

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.
7/5/20239 minutes, 14 seconds
Episode Artwork

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.
7/5/20237 minutes, 22 seconds
Episode Artwork

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.
7/5/20238 minutes, 15 seconds
Episode Artwork

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.
7/5/20238 minutes, 39 seconds
Episode Artwork

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.
7/4/20238 minutes, 27 seconds
Episode Artwork

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.
7/4/20233 minutes, 57 seconds
Episode Artwork

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.
7/4/20237 minutes, 36 seconds
Episode Artwork

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.
7/4/20239 minutes, 13 seconds
Episode Artwork

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.
7/4/20239 minutes, 50 seconds
Episode Artwork

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.
7/4/20238 minutes, 2 seconds
Episode Artwork

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.
7/3/20239 minutes, 2 seconds
Episode Artwork

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.
7/3/202316 minutes, 43 seconds
Episode Artwork

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.
7/3/20237 minutes, 19 seconds
Episode Artwork

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.
7/3/20238 minutes, 19 seconds
Episode Artwork

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.
7/3/20236 minutes, 51 seconds
Episode Artwork

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.
6/30/20238 minutes, 12 seconds
Episode Artwork

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.
6/30/20238 minutes, 41 seconds
Episode Artwork

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.
6/30/202311 minutes, 53 seconds
Episode Artwork

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.
6/29/20239 minutes, 7 seconds
Episode Artwork

'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.
6/29/202317 minutes, 25 seconds
Episode Artwork

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.
6/29/202317 minutes, 25 seconds
Episode Artwork

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.
6/29/20237 minutes, 41 seconds
Episode Artwork

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.
6/29/20238 minutes, 39 seconds
Episode Artwork

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.
6/28/20238 minutes, 34 seconds
Episode Artwork

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.
6/28/20237 minutes, 14 seconds
Episode Artwork

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.
6/28/20237 minutes, 46 seconds
Episode Artwork

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.
6/28/20236 minutes, 51 seconds
Episode Artwork

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.
6/28/20238 minutes, 17 seconds
Episode Artwork

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
6/28/20239 minutes, 28 seconds
Episode Artwork

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
6/27/20239 minutes, 13 seconds
Episode Artwork

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.
6/27/20236 minutes
Episode Artwork

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.
6/27/20239 minutes
Episode Artwork

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.
6/27/20237 minutes, 26 seconds
Episode Artwork

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.
6/27/20237 minutes, 20 seconds
Episode Artwork

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.
6/27/20239 minutes, 20 seconds
Episode Artwork

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.
6/26/20237 minutes, 41 seconds
Episode Artwork

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.
6/26/202318 minutes, 42 seconds
Episode Artwork

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.
6/26/20239 minutes, 29 seconds
Episode Artwork

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.
6/26/20239 minutes, 36 seconds
Episode Artwork

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.
6/26/20237 minutes, 56 seconds
Episode Artwork

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.
6/23/20236 minutes, 54 seconds
Episode Artwork

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.
6/23/20237 minutes, 39 seconds
Episode Artwork

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.
6/23/20237 minutes, 54 seconds
Episode Artwork

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.
6/22/20239 minutes, 1 second
Episode Artwork

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.
6/22/20236 minutes, 34 seconds
Episode Artwork

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.
6/22/20238 minutes, 16 seconds
Episode Artwork

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.
6/22/202313 minutes, 16 seconds
Episode Artwork

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.
6/22/20238 minutes, 48 seconds
Episode Artwork

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.
6/22/20237 minutes, 46 seconds
Episode Artwork

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.
6/22/20239 minutes, 28 seconds
Episode Artwork

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.
6/21/20235 minutes, 53 seconds
Episode Artwork

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.
6/21/202312 minutes, 2 seconds
Episode Artwork

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.
6/21/202316 minutes, 47 seconds
Episode Artwork

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.
6/21/20237 minutes, 33 seconds
Episode Artwork

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.
6/21/20234 minutes, 32 seconds
Episode Artwork

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.
6/21/20238 minutes, 57 seconds
Episode Artwork

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.
6/20/20237 minutes, 31 seconds
Episode Artwork

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.
6/20/20237 minutes, 7 seconds
Episode Artwork

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.
6/20/20237 minutes, 41 seconds
Episode Artwork

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.
6/20/20238 minutes, 19 seconds
Episode Artwork

Unpacking African leaders' Russia-Ukraine peace mission

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.
6/20/20237 minutes, 39 seconds
Episode Artwork

Omnia's profit rises despite tough operating environment

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.
6/19/20238 minutes, 42 seconds
Episode Artwork

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.
6/19/202315 minutes, 44 seconds
Episode Artwork

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.
6/19/20237 minutes, 9 seconds
Episode Artwork

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.
6/19/202313 minutes, 53 seconds
Episode Artwork

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.
6/15/20239 minutes, 9 seconds
Episode Artwork

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
6/15/20236 minutes, 19 seconds
Episode Artwork

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.
6/15/20238 minutes, 13 seconds
Episode Artwork

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.
6/15/20239 minutes
Episode Artwork

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.
6/14/20238 minutes, 41 seconds
Episode Artwork

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.
6/14/202318 minutes, 1 second
Episode Artwork

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.
6/14/20236 minutes, 15 seconds
Episode Artwork

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.
6/14/20238 minutes, 16 seconds
Episode Artwork

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.
6/14/20237 minutes, 53 seconds
Episode Artwork

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.
6/13/20239 minutes, 45 seconds
Episode Artwork

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.
6/13/20236 minutes, 53 seconds
Episode Artwork

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.
6/13/20239 minutes, 18 seconds
Episode Artwork

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.
6/13/20239 minutes
Episode Artwork

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.
6/13/20237 minutes, 36 seconds
Episode Artwork

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.
6/13/20237 minutes, 59 seconds
Episode Artwork

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.
6/12/20237 minutes, 28 seconds
Episode Artwork

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.
6/12/20239 minutes, 17 seconds
Episode Artwork

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.
6/12/202318 minutes, 14 seconds
Episode Artwork

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.
6/12/20237 minutes, 28 seconds
Episode Artwork

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.
6/12/20238 minutes, 32 seconds
Episode Artwork

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.
6/12/20239 minutes, 24 seconds
Episode Artwork

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.
6/9/20239 minutes, 11 seconds
Episode Artwork

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.
6/9/20236 minutes, 24 seconds
Episode Artwork

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.
6/9/202312 minutes, 40 seconds
Episode Artwork

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
6/8/202321 minutes, 15 seconds
Episode Artwork

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.
6/8/20239 minutes, 12 seconds
Episode Artwork

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.
6/8/20236 minutes, 41 seconds
Episode Artwork

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.
6/8/20237 minutes, 37 seconds
Episode Artwork

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
6/8/20237 minutes, 36 seconds
Episode Artwork

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.
6/8/20239 minutes, 3 seconds
Episode Artwork

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.
6/7/20238 minutes, 48 seconds
Episode Artwork

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.
6/7/20237 minutes, 50 seconds
Episode Artwork

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
6/7/20239 minutes, 32 seconds
Episode Artwork

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.
6/7/20237 minutes, 2 seconds
Episode Artwork

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.
6/7/20237 minutes, 39 seconds
Episode Artwork

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.
6/6/20238 minutes, 36 seconds
Episode Artwork

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.
6/6/20238 minutes, 22 seconds
Episode Artwork

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.
6/6/202315 minutes, 37 seconds
Episode Artwork

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.
6/6/202310 minutes, 43 seconds
Episode Artwork

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
6/6/20238 minutes, 28 seconds
Episode Artwork

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.
6/6/20239 minutes, 14 seconds
Episode Artwork

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.
6/5/20237 minutes, 40 seconds
Episode Artwork

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.
6/5/20239 minutes, 2 seconds
Episode Artwork

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.
6/5/202317 minutes, 25 seconds
Episode Artwork

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.
6/5/20238 minutes, 17 seconds
Episode Artwork

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.
6/5/20238 minutes
Episode Artwork

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.
6/5/20238 minutes, 57 seconds
Episode Artwork

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
6/2/20237 minutes, 54 seconds
Episode Artwork

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.
6/2/20238 minutes, 56 seconds
Episode Artwork

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.
6/2/20236 minutes, 53 seconds
Episode Artwork

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.
6/1/20237 minutes, 50 seconds
Episode Artwork

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.
6/1/20236 minutes, 59 seconds
Episode Artwork

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
6/1/20238 minutes, 57 seconds
Episode Artwork

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.
6/1/202310 minutes, 14 seconds
Episode Artwork

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.
6/1/20237 minutes, 48 seconds
Episode Artwork

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
5/31/20239 minutes, 2 seconds
Episode Artwork

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.
5/31/20237 minutes, 31 seconds
Episode Artwork

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.
5/31/20237 minutes, 47 seconds
Episode Artwork

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.
5/31/20237 minutes, 53 seconds
Episode Artwork

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.
5/31/20238 minutes
Episode Artwork

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.
5/31/202310 minutes, 53 seconds
Episode Artwork

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.
5/30/202321 minutes, 8 seconds
Episode Artwork

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.
5/30/20235 minutes, 54 seconds
Episode Artwork

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.
5/30/20238 minutes, 20 seconds
Episode Artwork

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
5/30/20239 minutes, 32 seconds
Episode Artwork

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.
5/30/20237 minutes, 29 seconds
Episode Artwork

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.
5/30/20237 minutes, 28 seconds
Episode Artwork

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.
5/29/20238 minutes, 51 seconds
Episode Artwork

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.
5/29/20236 minutes, 53 seconds
Episode Artwork

Trade of the Week

Petri Redelinghuys, Founder of Herenya Capital, provides technical analysis on Sibanye-Stillwater, Naspers and Aspen.
5/29/202317 minutes, 10 seconds
Episode Artwork

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.
5/29/20238 minutes, 25 seconds
Episode Artwork

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.
5/29/20239 minutes, 20 seconds
Episode Artwork

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.
5/29/20238 minutes
Episode Artwork

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.
5/26/20239 minutes, 45 seconds
Episode Artwork

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.
5/26/20237 minutes, 7 seconds
Episode Artwork

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.
5/26/202312 minutes, 21 seconds
Episode Artwork

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.
5/25/20237 minutes, 56 seconds
Episode Artwork

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.
5/25/20236 minutes, 52 seconds
Episode Artwork

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.
5/25/20238 minutes, 11 seconds
Episode Artwork

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.
5/25/20239 minutes, 11 seconds
Episode Artwork

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.
5/25/20237 minutes, 37 seconds
Episode Artwork

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.
5/24/20236 minutes, 35 seconds
Episode Artwork

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.
5/24/20237 minutes, 59 seconds
Episode Artwork

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
5/24/20239 minutes, 42 seconds
Episode Artwork

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.
5/24/20238 minutes, 13 seconds
Episode Artwork

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.
5/24/20237 minutes, 30 seconds
Episode Artwork

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.
5/23/20236 minutes, 8 seconds
Episode Artwork

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.
5/23/20238 minutes, 23 seconds
Episode Artwork

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.
5/23/20238 minutes, 19 seconds
Episode Artwork

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.
5/23/20235 minutes, 19 seconds
Episode Artwork

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.
5/23/20237 minutes, 13 seconds
Episode Artwork

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.
5/22/20237 minutes, 5 seconds
Episode Artwork

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.
5/22/20237 minutes, 47 seconds
Episode Artwork

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.
5/22/20236 minutes, 50 seconds
Episode Artwork

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.
5/22/202322 minutes, 41 seconds
Episode Artwork

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
5/22/20235 minutes, 34 seconds
Episode Artwork

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.
5/22/20238 minutes, 41 seconds
Episode Artwork

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.
5/22/20239 minutes, 18 seconds
Episode Artwork

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.
5/19/20237 minutes, 27 seconds
Episode Artwork

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
5/19/202311 minutes, 13 seconds
Episode Artwork

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.
5/19/202311 minutes, 28 seconds
Episode Artwork

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.
5/18/20237 minutes, 27 seconds
Episode Artwork

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.
5/18/20237 minutes, 48 seconds
Episode Artwork

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.
5/18/20237 minutes, 35 seconds
Episode Artwork

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.
5/18/202311 minutes, 55 seconds
Episode Artwork

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.
5/18/20239 minutes, 31 seconds
Episode Artwork

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.
5/17/20235 minutes, 14 seconds
Episode Artwork

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.
5/17/20238 minutes, 53 seconds
Episode Artwork

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.
5/17/20239 minutes, 54 seconds
Episode Artwork

'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.
5/17/20239 minutes, 32 seconds
Episode Artwork

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.
5/16/20239 minutes, 13 seconds
Episode Artwork

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.
5/16/20236 minutes, 4 seconds
Episode Artwork

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.
5/16/20238 minutes, 1 second
Episode Artwork

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.
5/15/20238 minutes, 34 seconds
Episode Artwork

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.
5/15/20237 minutes, 50 seconds
Episode Artwork

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.
5/15/202318 minutes, 7 seconds
Episode Artwork

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.
5/15/202311 minutes, 45 seconds
Episode Artwork

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.
5/15/20238 minutes, 3 seconds
Episode Artwork

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.
5/15/20236 minutes, 12 seconds
Episode Artwork

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.
5/12/20238 minutes, 2 seconds
Episode Artwork

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'
5/12/20238 minutes, 44 seconds
Episode Artwork

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.
5/12/202311 minutes, 4 seconds
Episode Artwork

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.
5/11/202310 minutes, 17 seconds
Episode Artwork

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.
5/11/20236 minutes, 2 seconds
Episode Artwork

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.
5/11/20238 minutes, 28 seconds
Episode Artwork

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.
5/11/20239 minutes, 33 seconds
Episode Artwork

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.
5/11/20239 minutes, 35 seconds
Episode Artwork

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.
5/10/20236 minutes, 52 seconds
Episode Artwork

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
5/10/20238 minutes, 22 seconds
Episode Artwork

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.
5/10/20239 minutes, 31 seconds
Episode Artwork

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.
5/10/202312 minutes, 2 seconds
Episode Artwork

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.
5/9/202312 minutes, 16 seconds
Episode Artwork

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.
5/9/20234 minutes, 47 seconds
Episode Artwork

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.
5/9/20238 minutes, 3 seconds
Episode Artwork

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.
5/9/20237 minutes, 51 seconds
Episode Artwork

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.
5/9/20237 minutes, 53 seconds
Episode Artwork

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.
5/8/20239 minutes, 24 seconds
Episode Artwork

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.
5/8/20238 minutes, 48 seconds
Episode Artwork

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.
5/8/20238 minutes, 58 seconds
Episode Artwork

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.
5/5/20237 minutes, 25 seconds
Episode Artwork

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.
5/5/202314 minutes, 10 seconds
Episode Artwork

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.
5/4/20236 minutes, 55 seconds
Episode Artwork

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.
5/4/20238 minutes, 12 seconds
Episode Artwork

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.
5/4/20236 minutes, 55 seconds
Episode Artwork

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.
5/4/20238 minutes, 21 seconds
Episode Artwork

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.
5/3/20239 minutes, 51 seconds
Episode Artwork

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.
5/3/20238 minutes, 33 seconds
Episode Artwork

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.
5/3/20237 minutes, 20 seconds
Episode Artwork

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.
5/3/20238 minutes, 23 seconds
Episode Artwork

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.
5/3/20236 minutes, 21 seconds
Episode Artwork

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.
5/2/20238 minutes, 40 seconds
Episode Artwork

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
5/2/20237 minutes, 54 seconds
Episode Artwork

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.
5/2/20238 minutes, 35 seconds
Episode Artwork

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.
5/2/20238 minutes, 15 seconds
Episode Artwork

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.
4/26/20237 minutes, 23 seconds
Episode Artwork

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.
4/26/20237 minutes, 17 seconds
Episode Artwork

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.
4/26/20237 minutes, 55 seconds
Episode Artwork

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.
4/25/20238 minutes, 1 second
Episode Artwork

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.
4/25/20235 minutes, 30 seconds
Episode Artwork

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
4/25/20239 minutes, 49 seconds
Episode Artwork

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.
4/25/20238 minutes, 48 seconds
Episode Artwork

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.
4/25/20238 minutes, 3 seconds
Episode Artwork

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.
4/24/202321 minutes, 49 seconds
Episode Artwork

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.
4/24/20237 minutes, 23 seconds
Episode Artwork

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.
4/24/20239 minutes, 54 seconds
Episode Artwork

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.
4/24/202311 minutes, 20 seconds
Episode Artwork

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.
4/21/202312 minutes, 45 seconds
Episode Artwork

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
4/21/202311 minutes, 16 seconds
Episode Artwork

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.
4/20/20235 minutes, 52 seconds
Episode Artwork

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
4/20/20238 minutes, 10 seconds
Episode Artwork

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.
4/20/202320 minutes, 28 seconds
Episode Artwork

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
4/20/20238 minutes, 7 seconds
Episode Artwork

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.
4/20/20239 minutes, 49 seconds
Episode Artwork

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.
4/19/202311 minutes, 13 seconds
Episode Artwork

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.
4/19/20238 minutes, 11 seconds
Episode Artwork

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.
4/19/20237 minutes, 45 seconds
Episode Artwork

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.
4/18/20238 minutes, 50 seconds
Episode Artwork

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.
4/18/20235 minutes, 57 seconds
Episode Artwork

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.
4/18/20238 minutes, 42 seconds
Episode Artwork

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.
4/18/20238 minutes, 2 seconds
Episode Artwork

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.
4/17/20237 minutes, 58 seconds
Episode Artwork

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.
4/17/202317 minutes, 55 seconds
Episode Artwork

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.
4/17/20237 minutes, 51 seconds
Episode Artwork

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.
4/17/20238 minutes, 30 seconds
Episode Artwork

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.
4/17/20238 minutes, 12 seconds
Episode Artwork

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.
4/14/20238 minutes, 58 seconds
Episode Artwork

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.
4/14/202310 minutes, 56 seconds
Episode Artwork

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.
4/14/20239 minutes, 50 seconds
Episode Artwork

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.
4/13/20238 minutes, 21 seconds
Episode Artwork

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.
4/13/20236 minutes, 12 seconds
Episode Artwork

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.
4/13/20237 minutes, 50 seconds
Episode Artwork

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.
4/13/20237 minutes, 47 seconds
Episode Artwork

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.
4/13/20238 minutes, 18 seconds
Episode Artwork

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.
4/12/20234 minutes, 30 seconds
Episode Artwork

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.
4/12/20238 minutes, 1 second
Episode Artwork

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.
4/5/20238 minutes, 22 seconds
Episode Artwork

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.
4/5/20236 minutes, 27 seconds
Episode Artwork

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.
4/5/20239 minutes, 11 seconds
Episode Artwork

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.
4/5/20237 minutes, 42 seconds
Episode Artwork

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.
4/5/20237 minutes, 24 seconds
Episode Artwork

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.
4/4/20237 minutes, 39 seconds
Episode Artwork

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.
4/4/20235 minutes, 59 seconds
Episode Artwork

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.
4/4/20239 minutes, 52 seconds
Episode Artwork

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.
4/4/20239 minutes, 56 seconds
Episode Artwork

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
4/4/20238 minutes, 29 seconds
Episode Artwork

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.
4/3/20237 minutes, 34 seconds
Episode Artwork

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.
4/3/202312 minutes, 10 seconds
Episode Artwork

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.
4/3/202317 minutes, 5 seconds
Episode Artwork

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.
4/3/20236 minutes, 51 seconds
Episode Artwork

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.
4/3/202310 minutes, 58 seconds
Episode Artwork

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.
4/3/20237 minutes, 26 seconds
Episode Artwork

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.
3/31/20238 minutes, 22 seconds
Episode Artwork

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.
3/31/202311 minutes, 39 seconds
Episode Artwork

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.
3/30/20235 minutes, 46 seconds
Episode Artwork

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.
3/30/20237 minutes, 26 seconds
Episode Artwork

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.
3/30/202313 minutes, 38 seconds
Episode Artwork

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.
3/30/202312 minutes, 10 seconds
Episode Artwork

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.
3/30/20238 minutes, 11 seconds
Episode Artwork

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.
3/29/20239 minutes, 4 seconds
Episode Artwork

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.
3/29/20234 minutes, 54 seconds
Episode Artwork

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.
3/29/20238 minutes, 16 seconds
Episode Artwork

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.
3/29/20239 minutes, 37 seconds
Episode Artwork

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.
3/29/20236 minutes, 43 seconds
Episode Artwork

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.
3/28/20236 minutes, 1 second
Episode Artwork

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.
3/28/20237 minutes, 48 seconds
Episode Artwork

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.
3/28/20237 minutes, 53 seconds
Episode Artwork

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.
3/28/20237 minutes, 15 seconds
Episode Artwork

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.
3/28/20237 minutes, 35 seconds
Episode Artwork

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.
3/27/20238 minutes, 17 seconds
Episode Artwork

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.
3/27/20237 minutes, 16 seconds
Episode Artwork

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.
3/27/202311 minutes, 13 seconds
Episode Artwork

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
3/27/20238 minutes, 40 seconds
Episode Artwork

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.
3/27/20238 minutes, 29 seconds
Episode Artwork

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.
3/27/20238 minutes, 50 seconds
Episode Artwork

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.
3/24/20238 minutes, 27 seconds
Episode Artwork

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.
3/23/20238 minutes, 33 seconds
Episode Artwork

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.
3/23/20235 minutes, 59 seconds
Episode Artwork

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.
3/23/202315 minutes, 23 seconds
Episode Artwork

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.
3/23/20238 minutes, 21 seconds
Episode Artwork

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.
3/23/20237 minutes, 42 seconds
Episode Artwork

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.
3/23/20238 minutes, 25 seconds
Episode Artwork

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.
3/22/20237 minutes, 17 seconds
Episode Artwork

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.
3/22/20237 minutes, 10 seconds
Episode Artwork

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.
3/22/20238 minutes, 13 seconds
Episode Artwork

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.
3/22/20238 minutes, 29 seconds
Episode Artwork

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.
3/22/20238 minutes, 50 seconds
Episode Artwork

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.
3/17/202312 minutes, 18 seconds
Episode Artwork

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.
3/17/20238 minutes, 16 seconds
Episode Artwork

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.
3/16/20235 minutes, 59 seconds
Episode Artwork

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.
3/16/20236 minutes, 9 seconds
Episode Artwork

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.
3/16/20238 minutes, 15 seconds
Episode Artwork

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.
3/16/202312 minutes, 53 seconds
Episode Artwork

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.
3/16/202320 minutes, 58 seconds
Episode Artwork

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.
3/15/20239 minutes
Episode Artwork

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.
3/15/20235 minutes, 42 seconds
Episode Artwork

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.
3/15/20238 minutes, 10 seconds
Episode Artwork

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.
3/15/20239 minutes, 51 seconds
Episode Artwork

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.
3/14/20238 minutes, 11 seconds
Episode Artwork

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.
3/14/20235 minutes, 37 seconds
Episode Artwork

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.
3/14/20238 minutes, 7 seconds
Episode Artwork

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.
3/14/20237 minutes, 7 seconds
Episode Artwork

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.
3/13/20236 minutes, 58 seconds
Episode Artwork

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.
3/13/20239 minutes, 1 second
Episode Artwork

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.
3/13/202313 minutes, 31 seconds
Episode Artwork

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.
3/13/20237 minutes, 29 seconds
Episode Artwork

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.
3/9/20237 minutes, 5 seconds
Episode Artwork

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.
3/9/20237 minutes, 54 seconds
Episode Artwork

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.
3/9/20236 minutes, 25 seconds
Episode Artwork

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.
3/8/20235 minutes, 46 seconds
Episode Artwork

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.
3/8/20238 minutes, 5 seconds
Episode Artwork

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.
3/8/20239 minutes, 41 seconds
Episode Artwork

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.
3/7/20238 minutes, 40 seconds