Business News Leaders

The real reasons why the JSE is shrinking

The JSE has shed about 20% of its companies over the past decade. Companies have argued that the exchange is too expensive and the regulations too onerous; but critics say on a benchmark basis against other stock exchanges that have been able to attract listings, the JSE is actually cheap…

13 Apr 2023 9AM 8 min

South African households to be hit with electricity price hike

South African households are in for another blow. That's as Nersa has proposed a 15.1% hike in municipal electricity tariffs from July, and this is on the back of the bulk supply tariff increase for municipalities of 18.4%. Business Day TV spoke to the regulator's Executive Manager of Electricity, Zingisa…

12 Apr 2023 1PM 4 min

Glencore continues to pursue Teck Resources

Despite Glencore sweetening its offer for Teck Resource, the Canadian mining firm is not seeing value in the takeover bid. Business Day TV unpacked the prospects of the deal with Investment analyst at Anchor Capital, Seleho Tsatsi.

12 Apr 2023 1PM 8 min

EOH now a 'normal' business, says CEO Stephen van Coller

EOH is now a 'normal business, according to the technology services firm's CEO Stephen van Coller. For several years, the company has been dogged by corruption scandals, unprofitable legacy contracts, inefficient corporate structures, huge debt burdens and an inefficient capital structure. But van Coller says that following the group's successful…

5 Apr 2023 1PM 8 min

Focus on ETFs as passive investments

Passive investments have been gaining traction, with ETFs and other index funds outperforming many active managers. This has been mainly due to the accommodative monetary policies over the past decade. Business Day TV caught up with 10X Investments' Chris Rule for further insight on passive strategies.

5 Apr 2023 1PM 6 min

Will the BRICS collective dump the dollar?

When the U.S sneezes, the rest of the world catches a cold. An adage the BRICS nations are trying to weaken. The bloc of emerging market nations are mulling a new global currency that will decrease reliance on the U.S dollar. Business Day TV spoke to Andre Cilliers, Director &…

5 Apr 2023 8AM 9 min

Numsa threatens bus strike ahead of Easter

The National Union of Metalworkers of South Africa (NUMSA) is threatening to embark on a strike in the bus sector ahead of the Easter weekend. That's if employers do not put a meaningful wage offer on the table. NUMSA said it has been negotiating with employers since January and should…

5 Apr 2023 7AM 7 min

Godongwana to withdraw Eskom exemption notice

Before government's u-turn on its decision to exempt Eskom from disclosing irregular and wasteful expenditure for the next two years, business group Sakeliga planned to challenge the decision in court. The initial decision was passed under Section 92 of the Public Finance Management Act and to look at the act…

5 Apr 2023 7AM 7 min

Why more companies are listing on the A2X

Local companies continue to find value in the secondary listing market as more and more firms list on the A2X, and the latest company to join in on the action is Africa's biggest retailer - Shoprite. Business Day TV unpacked this in detail with A2X's CEO, Kevin Brady.

4 Apr 2023 1PM 7 min

Outlook for the rand

The rand has kicked off the second quarter on a positive note, trading below the R18 mark to the Dollar and this is after the South African Reserve Bank raised rates, partly in an attempt to protect the local unit. Business Day TV spoke to RMB's Foreign Exchange Structurer, Rayno…

4 Apr 2023 1PM 5 min

Boosting Africa’s intra-trade with multi-channel logistics

The African Continental Free Trade Area agreement should boost trade on the continent by 28% come 2030. Logistics, however, may pose a risk to this target but Frost & Sullivan says that multi-channel logistics should help advance the agreement. Business Day TV spoke to Nomvo Kasolo, Africa Consultant at Frost…

4 Apr 2023 8AM 9 min

Eskom Exempted From Reporting Expense Irregularities In Financial Statements

Eskom, has been exempted from having to disclose 'irregular and fruitless' expenditure in its annual financial statements until 2025. Finance Minister Enoch Godongwana has exempted the utility from regulations requiring SOEs to disclose expenditure that does not comply with provisions of the PFMA. Lobby groups are urging for a review…

4 Apr 2023 8AM 9 min

Corruption Watch notes over 2K reports of corruption in 2022

In 2022 Corruption Watch received more than 2,000 reports of corruption. This according to the watchdog’s annual corruption report which reveals that maladministration relating to funding remains the most common among corrupt acts. Business Day TV unpacked the findings of the report with Kavisha Pillay, Head of Stakeholder Relations &…

4 Apr 2023 8AM 8 min

Tax revenue collections cross R2 trillion mark

Sars has delivered record revenue collections, with gross tax revenues coming in at over R2 trillion for the 2022/2023 financial year. The net amount however came in at close to R1.7 billion as Sars paid out more refunds than expected. Business Day TV unpacked the numbers with Sars Commissioner, Edward…

3 Apr 2023 1PM 7 min

BRICS mulls ditching US dollar

Ahead of the BRICS Summit, there have been reports suggesting that emerging market heavyweights - Brazil, Russia, India, China and South Africa are thinking of ditching the US dollar in an attempt to trade with a more common currency. Business Day TV caught up with Chair of the BRICS council…

3 Apr 2023 1PM 12 min

Trade Of The Week - 03 April 2023 | Digital Realty Trust | Tyler Technologies

In this episode, Loyiso Mpeta from Unum Capital gives his analysis of Digital Realty Trust, Tyler Technologies and Arista Networks.

3 Apr 2023 9AM 17 min

Deepening Africa's capital markets

In Africa, one in five countries do not raise enough revenue to meet basic needs and this has created development gaps. According to the International Financial Corporation, the continent's ability to attract foreign investment is rooted in deepening its local capital markets. Guido Haller, Head of Global Markets at Standard…

3 Apr 2023 9AM 6 min

There's a lot on the line for Telkom

Over the past 10 years, Telkom has gone from having the monopoly to being just another telecom player and now needs to invest in 5G wireless technology to remain a significant player in the telecomms landscape. This is according to Business Day's Business Writer, Mudiwa Gavaza. Business Day TV spoke…

3 Apr 2023 9AM 10 min

Factory activity slows further due to load-shedding

After a strong start to the year, the Absa PMI has fallen for a second consecutive month with March's reading coming in at 48.1 index points down from 48.8 index points in February. On the bright side, the index tracking expected business conditions in the next six months suggests that…

3 Apr 2023 8AM 7 min

Omnia to expand its mining footprint in Indonesia

Chemicals, fertilizer and explosives group Omnia, is looking to Indonesia for growth. The group has formed a joint-venture with the county’s second largest company, MNK, to expand its mining footprint. Business Day TV unpacked the deal with Seelan Gobalsamy, CEO of Omnia.

31 Mar 2023 9AM 8 min