Business News Leaders

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.

16 May 2023 9AM 8 min

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…

15 May 2023 1PM 8 min

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,…

15 May 2023 1PM 7 min

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.

15 May 2023 11AM 18 min

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…

15 May 2023 10AM 11 min

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.

15 May 2023 10AM 8 min

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…

15 May 2023 9AM 6 min

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.

12 May 2023 10AM 8 min

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…

12 May 2023 9AM 8 min

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…

12 May 2023 9AM 11 min

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…

11 May 2023 1PM 10 min

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.

11 May 2023 1PM 6 min

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.

11 May 2023 9AM 8 min

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,…

11 May 2023 9AM 9 min

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.

11 May 2023 9AM 9 min

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.

10 May 2023 12PM 6 min

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,…

10 May 2023 9AM 8 min

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…

10 May 2023 9AM 9 min

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…

10 May 2023 9AM 12 min

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.

9 May 2023 1PM 12 min