Business News Leaders

Rand steady ahead of US inflation print

Despite market uncertainty as investors await the US CPI print, the local unit has remained steady trading above R18.50 against the dollar. Business Day TV discussed the factors driving activity in the currency markets with RMB's Rayno Nigrini.

9 May 2023 1PM 4 min

Developing technology for African challenges

The fourth industrial revolution is broadly characterised by technologies that fuse digital, biological and physical innovation in areas such as robotics or artificial intelligence. The adoption of digital technologies in the meantime remains a challenge in Africa. Hardy Pemhiwa, President and Group CEO of Cassava Technologies spoke to Business Day…

9 May 2023 9AM 8 min

Karooooo eyes growth

Despite SA's economic strain, Karoooo has extended its growth streak. Subscriptions for its Cartrack business increased by 12.5% year-on-year to 1.72-million, boosting subscription revenue. Karooooo aims to grow Cartrack's subscriber base by a further 10% in its new financial year. Business Day TV unpacked the numbers further with Business Day's…

9 May 2023 9AM 7 min

Thungela, Exxaro under fire over climate lobbying resolutions

Coal producers, Exxaro and Thungela are under fire for refusing to table non-binding advisory shareholder resolutions from last month. The resolutions involve bringing shareholders up to speed on how the miners' lobbying and policy engagements align with that of their industry peers and goals of the Paris Agreement which targets…

9 May 2023 9AM 7 min

Should SA exit BRICS?

According to Independent Analyst Roelof Botha, there are several reasons why South Africa should quit the BRICS body. Chief among his reasons are the economic power discrepancies between the five countries and the power it gives them in terms of decision making. Business Day TV spoke to Botha for more…

8 May 2023 8AM 9 min

DA & EFF have reached voter ceilings - ANC

The DA and the EFF have reached voter ceilings. This according to the ANC’s internal research aimed at raising its chances of winning the elections in 2024. The ANC’s research, which Business Day has seen, is in stark contrast to other polls that show that the ANC is unlikely to…

8 May 2023 8AM 8 min

Polish stake boosts Redefine’s H1 distributable income

At the half-year mark, Redefine’s distributable income increased by 7.2% as the group reaped the benefits of increasing its exposure to the Polish retail sector via EPP. Business Day TV unpacked the performance in greater detail with the company’s CFO, Ntobeko Nyawo.

8 May 2023 8AM 8 min

Economic Uncertainty Puts Brakes On New-Car Sales

Economic uncertainty is throttling demand for new cars. Combined sales of cars and commercial vehicles totalled 37,000 last month, a 0.2% increase from the figures for April 2022. Sales of commercial vehicles fared better given that bank credit approvals fell in April. Financial Mail reports that aggregate exports show some…

5 May 2023 9AM 7 min

Business defends BLSA’s support for De Ruyter

Business Leadership SA helped fund a controversial independent probe into corruption, crime and sabotage at Eskom but business body, Busa stands by the funding support. Business Day TV spoke to Cas Coovadia, CEO of Busa for more detail.

5 May 2023 9AM 14 min

KAL Group delivers double-digit earnings growth

KAL group formally known as KAAP Agri has delivered bumper numbers. During the half-year period the group reported an 11.6% jump in headline earnings per share while revenue surged 68.4%. This was mainly driven by the acquisition of fuel stations and convenience centres. Business Day Tv unpacked the results with…

4 May 2023 12PM 6 min

Nigeria to delay fuel subsidy removal

The Nigerian government has decided to delay the removal of fuel subsidies. The move was set for June but state says it needs further consultations with key stakeholders and the incoming administration. Business Day TV unpacked the story in more detail with Pieter Scribante, Political Economist at Oxford Economics Africa.

4 May 2023 8AM 8 min

Post-Apocalyptic: Should the post office be saved?

While Communications Minister Mondli Gungubele urges calm over the provisional liquidation of the South African Post Office, Financial Mail's investment writer Jaco Visser, asks if this liquidation is the apocalypse we may think it is and whether the entity in itself has just become obsolete with the private sector already…

4 May 2023 8AM 6 min

Why Pick n Pay cut its dividend

Pick n Pay has cut it total dividend by over 16% as the bill the retailer racked up to deal with load-shedding shot beyond the R500m mark. The company believes that intense power outages are now the 'permanent new reality' and so to give its balance sheet some room, the…

4 May 2023 8AM 8 min

The Sarb unveils new features for the South African rand

The local currency is getting a new look, that's as the Sarb unveiled new designs and beefed-up security features. Business Day TV caught up with the Deputy Finance Minister, David Masondo to discuss the significance of the move, especially in a country which has lost trust in a number of…

3 May 2023 1PM 9 min

The South African Reserve Bank unveils fresh look for local currency

The Sarb has upgraded the South African currency, unveiling new features - including advanced security measures which will assist to stop counterfeiting. Business Day TV unpacked these features and the importance of this upgrade with the Sarb's Deputy Governor, Kuben Naidoo.

3 May 2023 1PM 8 min

Steering Africa towards realising a free-trade pact

Business Day TV speaks to John Dludlu, CEO of the Small Business Institute about how Africa can be steered towards realising a free-trade pact.

3 May 2023 8AM 7 min

Future of jobs in SA

Secretaries, telemarketers, accountants and auditors are amongst the jobs most at risk of falling away over the next five years, according to a study done by the World Economic Forum. The report has however identified the green energy transition and localisation of supply chains as drivers of job growth in…

3 May 2023 8AM 8 min

Petrol price breaches R23/L mark for first time in 2023

If you live inland, as of this morning you're paying more than 23 Rand per litre for petrol - The highest rate thus far in 2023. This as both grades of fuel increased by 37 cents, while diesel and illuminating paraffin users were met with some relief Higher global oil…

3 May 2023 8AM 6 min

Renergen reduces its full-year loss

Renergen has narrowed its annual loss. The group reduced its loss by 21% to R26.6 million, after revenue surged due to increased demand for LNG and helium. Business Day TV unpacked the numbers with the company's CEO Stefano Marani.

2 May 2023 1PM 8 min

Africa's digital payments landscape amid currency issues

Africa's cash shortages and other currency issues are expected to boost the continent's digital payments landscape. Digital payments in the meantime are projected to rise from close to $4bn to $20bn in 2025. Business Day TV assessed the continent's digital payments landscape with Mark Dankworth, President of Business Development in…

2 May 2023 9AM 7 min