Business News Leaders

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…

2 Nov 2023 9AM 8 min

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.

2 Nov 2023 8AM 8 min

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.

1 Nov 2023 1PM 10 min

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,…

1 Nov 2023 1PM 10 min

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.

1 Nov 2023 12PM 7 min

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…

1 Nov 2023 9AM 9 min

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…

1 Nov 2023 9AM 7 min

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…

1 Nov 2023 9AM 7 min

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.

31 Oct 2023 1PM 7 min

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.

31 Oct 2023 1PM 5 min

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)…

31 Oct 2023 9AM 9 min

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.

31 Oct 2023 9AM 4 min

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…

31 Oct 2023 6AM 7 min

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…

30 Oct 2023 11AM 6 min

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.

30 Oct 2023 11AM 8 min

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…

30 Oct 2023 9AM 7 min

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.

27 Oct 2023 9AM 7 min

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…

27 Oct 2023 9AM 6 min

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.

27 Oct 2023 8AM 9 min

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…

27 Oct 2023 8AM 7 min