Business News Leaders

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…

29 May 2023 9AM 8 min

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.

26 May 2023 10AM 9 min

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…

26 May 2023 9AM 7 min

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…

26 May 2023 9AM 12 min

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…

25 May 2023 1PM 7 min

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.

25 May 2023 1PM 6 min

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…

25 May 2023 9AM 8 min

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…

25 May 2023 9AM 9 min

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…

25 May 2023 9AM 7 min

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.

24 May 2023 1PM 6 min

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…

24 May 2023 12PM 7 min

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…

24 May 2023 12PM 9 min

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.

24 May 2023 9AM 8 min

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.

24 May 2023 8AM 7 min

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.

23 May 2023 1PM 6 min

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.

23 May 2023 1PM 8 min

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.

23 May 2023 9AM 8 min

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…

23 May 2023 9AM 5 min

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.

23 May 2023 9AM 7 min

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…

22 May 2023 12PM 7 min