Business News Leaders

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

1 Jun 2023 12PM 8 min

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…

1 Jun 2023 8AM 10 min

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…

1 Jun 2023 8AM 7 min

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

31 May 2023 1PM 9 min

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.

31 May 2023 1PM 7 min

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…

31 May 2023 12PM 7 min

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.

31 May 2023 9AM 7 min

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…

31 May 2023 9AM 8 min

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…

31 May 2023 9AM 10 min

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…

30 May 2023 12PM 21 min

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.

30 May 2023 12PM 5 min

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.

30 May 2023 12PM 8 min

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…

30 May 2023 8AM 9 min

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.

30 May 2023 8AM 7 min

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…

30 May 2023 7AM 7 min

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.

29 May 2023 2PM 8 min

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.

29 May 2023 11AM 6 min

Trade of the Week

Petri Redelinghuys, Founder of Herenya Capital, provides technical analysis on Sibanye-Stillwater, Naspers and Aspen.

29 May 2023 9AM 17 min

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.

29 May 2023 9AM 8 min

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…

29 May 2023 9AM 9 min