Business News Leaders

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…

6 Jul 2023 10AM 7 min

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.

5 Jul 2023 2PM 8 min

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…

5 Jul 2023 2PM 6 min

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.

5 Jul 2023 1PM 9 min

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.

5 Jul 2023 10AM 7 min

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…

5 Jul 2023 10AM 8 min

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…

5 Jul 2023 9AM 8 min

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.

4 Jul 2023 1PM 8 min

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.

4 Jul 2023 1PM 3 min

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.

4 Jul 2023 1PM 7 min

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,…

4 Jul 2023 8AM 9 min

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…

4 Jul 2023 8AM 9 min

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…

4 Jul 2023 8AM 8 min

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.

3 Jul 2023 12PM 9 min

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.

3 Jul 2023 10AM 16 min

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…

3 Jul 2023 10AM 7 min

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.

3 Jul 2023 10AM 8 min

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.

3 Jul 2023 10AM 6 min

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…

30 Jun 2023 9AM 8 min

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.

30 Jun 2023 9AM 8 min