Business News Leaders

SA should not waste the gold boom

The world's central banks seem to be showing a new appetite for gold, particularly emerging markets central banks. The World Gold Council reports that 2022 was a record year for gold demand and central bank purchases saw a record high of over one thousand tonnes. Business Day TV spoke to…

2 May 2023 9AM 8 min

Absa PMI improves but remains in contractionary territory

Factory output remains in contractionary territory as the Absa PMI rose to 49.8 points in April from 41.8 previously. The uptick was largely driven by a surge in the inventories index which is at its highest level since mid-last year. Business Day TV unpacked the print with Lisette IJssel de…

2 May 2023 9AM 8 min

Crypto chat - Bitcoin trades near the $30,000 mark

Bitcoin is edging closer to that $30, 000 mark again. That's as some investors said they expect the Fed to inject more money into the US economy after signs of yet anotherUS bank collapse. Business Day TV caught up with General Manager for Africa at Luno, Marius Reitz and he…

26 Apr 2023 1PM 7 min

Steinhoff shareholders could get some value

Steinhoff International has agreed to include a proposal that would see shareholders receive a fifth of any restructured company, rather than nothing. The debt-laden international retail group said its creditors were prepared to accept contractual contingent value rights for shareholders, as part of a Dutch restructuring plan for the group…

26 Apr 2023 9AM 7 min

Funding Eskom’s coal-fired plants as we journey to net-zero emissions

Delaying the shutdown of Eskom’s coal-fired power plants may help ease load-shedding but it raises questions about who will help fund them as lenders and asset managers have committed to net-zero emissions targets. Business Day TV unpacked this conundrum with Olga Constantatos, Head of Credit at Futuregrowth.

26 Apr 2023 9AM 7 min

Unpacking the South African investment landscape

Despite local issues like load shedding, some analysts believe that South Africa remains an attractive emerging market investment destination. Business Day TV discussed this in detail with Old Mutual Wealth’s Izak Odendaal.

25 Apr 2023 1PM 8 min

Foreigners bet on South African bonds

International investors are still seeing value in local bonds, as foreigners purchased bonds worth R2.39 billion over the past week. Business Day TV discussed the activity playing out in that space with RMB Bond trader, Michelle Wohlberg.

25 Apr 2023 1PM 5 min

SA Investment Management Outlook

Deloitte surveys 300 senior investment management executives across various sectors to gain insights on trends in investment management. Business Day TV unpacked the findings of the survey and what they point to for the industry with Amilah Costandius, Senior Manager of Strategy, Monitor and Investment Management at Deloitte Africa

25 Apr 2023 9AM 9 min

Over 2 million travellers passed through SA in March

In the month of March, more than 2 million travellers passed through South African ports. Majority of these were foreign travellers which points to a recovery in the local tourism industry. Off the back of the data, Business Day TV spoke to Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council…

25 Apr 2023 9AM 8 min

Government has not blocked Musk's Starlink - Gungubele

Minister of Communications, Mondli Gungubele, disclosed that government has not blocked Elon Musk's Starlink satellite network from operating in SA. Instead, it is the US satellite company that has not applied for an operating license in the country. Opposition party, the DA says that the reason Starlink has not yet…

25 Apr 2023 8AM 8 min

Trade of the week - 24 April 2023

On this episode of Trade of the week, Founder of Herenya Capital, Petri Redelinghuys discusses his outlook for the Satrix 40, City Lodge and Investec.

24 Apr 2023 10AM 21 min

Japan switches to AU from SA

The 49th G7 summit is set for next month and the host, the Japenese government, has opted to un-invite President Cyril Ramaphosa in his single capacity as South African president and has opted to give the invite to the African Union instead. The move comes as the G7 tries not…

24 Apr 2023 8AM 7 min

Joburg's Amad and Makhubele face ousting through motions of no confidence

Joburg Mayor, Thapelo Amad and Speaker, Colleen Makhubele are facing motions of no confidence against them. The motions were brought by ActionSA and the DA and have successfully made it to the council agenda. This, making them the subject of council debate at the next meeting set to take place…

24 Apr 2023 8AM 9 min

A closer look at Ramokgopa's plan to ease load-shedding

It's impossible to end load shedding by year-end, according to Electricity Minister Kgosientso Ramokgopa who laid out his plans to tackle load-shedding at the ANC's national executive committee meeting over the weekend. In the next 6-months, the minister plans to add 4,000 megawatts of power to the grid. This is…

24 Apr 2023 8AM 11 min

Ramaphosa Finally Appoints SABC Board

After lengthy delays and legal wrangles, President Cyril Ramaphosa has finally appointed the SABC board. This after the five-year term of the previous board ended in October last year, leaving the public broadcaster without a board for six months. The SABC has been mired in governance and financial crises that…

21 Apr 2023 9AM 12 min

Assessing SA's transformation journey

The Employment Equity Amendment Bill has been signed into law. The amendments champion new controversial transformation laws that will impact business and employment in the country. Business Day TV unpacked the country's transformation journey in greater detail with Sibongile Vilakazi, Newly Appointed BMF President

21 Apr 2023 9AM 11 min

Investment case for Tesla

Lower car prices weighed on Tesla's first quarter performance, with the firm posting a 24% decline in profit. Business Day TV unpacked Tesla's investment case with James Bennett, Global Equity Analyst at Anchor.

20 Apr 2023 1PM 5 min

Clicks posts slight rise in half-year profit

Clicks has posted a rise in half-year profit growth, despite consumers remaining under pressure. Headline earnings for the period came in 0.9% higher. Business Day TV unpacked the performance with CEO Bertina Engelbrecht

20 Apr 2023 1PM 8 min

It's hard to predict when repo rate hikes will end

Over the past two years, Central Banks around the globe have been hiking interest rates in a bid to tame rising inflation. South Africa has seen its ninth consecutive rate hike since November 2021. This amid muted growth which will be further exacerbated by the severe power cuts. In turn,…

20 Apr 2023 9AM 20 min

Has SA run out of time on the doomsday clock?

South Africans are deeply concerned about what the future holds. A recent Institute of Race Relations survey showed a significant majority of South Africans, regardless of race, income level or political persuasion, believe the country is moving in the wrong direction. For a closer look at the story, Business Day…

20 Apr 2023 9AM 8 min