Business News Leaders

Listen! Afrimat's diversification strategy boosts earnings

Afrimat's diversification strategy is paying off. During the interim period the building materials and construction company delivered a near 10% jump in revenue and a 4.4% rise in headlines earrings per share. Business Day TV unpacked the numbers with company's CEO, Andries van Heerden.

26 Oct 2023 1PM 6 min

Listen! Demand dynamics in the oil market

The Middle East war has weighed on demand dynamics in the oil market, and consensus among experts is that global oil, gas and coal demand should peak by 2030. Business Day TV spoke to RMB's Commodities Trader Raymond Philips for more insight.

26 Oct 2023 1PM 6 min

Listen! Crypto Chat - Bitcoin rally gains traction

The crypto market rally is picking up pace, with Bitcoin surpassing the $30,000 mark. The positive momentum comes as investors digest upbeat developments on the Bitcoin ETF. Business Day TV discussed this with the South Africa Country Manager at Luno, Christo de Wit

26 Oct 2023 1PM 5 min

Listen! Clicks posts higher annual profit

Clicks has posted higher year-end profit. The retailer has reported an 11.5% rise in adjusted diluted headline earnings per share, despite a tough trading environment. Business Day TV spoke to Group CEO Bettina Engelbrecht for more detail on Clicks’ annual performance.

26 Oct 2023 12PM 7 min

Listen! The Big Idea - Illegal mining in South Africa

Illegal mining in South Africa has grown from a localized problem to a nationwide criminal syndicate, affecting the economy. Mining companies often downplay its extent. This issue prompts questions about governance, mining protocols and prevention measures. Business Day TV unpacked this complex issue with mining analyst, David Van Wyk and…

26 Oct 2023 9AM 18 min

Listen! Hydrocarbon project delays weigh on Senegal’s growth

Senegal was pegged to be one of Africa’s fastest growing economies in 2023, boosted by hydrocarbon projects. Several of these have been postponed weighing on that growth potential. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day TV for a closer look at the hydrocarbon ventures…

26 Oct 2023 9AM 5 min

Listen! High interest rates, inflation and load-shedding weigh on Balwin

Specialist residential property developer Balwin is having a tough time navigating a trading environment characterised by high interest rates and elevated inflation which has led to fewer properties being sold and a 25% fall in interim revenue. Business Day TV unpacked the performance in greater detail with the company’s CEO,…

26 Oct 2023 9AM 8 min

Listen! Exploring reforms at the PIC

The Public Investment Corporation, with R2.6 trillion in assets, is under the leadership of CEO Abel Sithole, who is working to transform the organization after governance issues. Business Day TV delves into whether the PIC has overcome political influence challenges as well as its role in the financial landscape with…

26 Oct 2023 9AM 8 min

Listen! Foreign appetite for SA residential properties picks up

Foreign appetite for South African residential properties has picked up, with the Western Cape seeing the most of that demand. Business Day TV discussed the trend being observed with Hayley Ivins Downes, Head of Digital at Lightstone Property.

25 Oct 2023 12PM 7 min

Listen! State of SA's manufacturing sector

South Africa's manufacturing sector has been on a downward trend for 16 years, according to Stats SA, with the industry shedding almost 309,000 jobs over the period. So, what can get the cogs turning again? To find out Business Day TV spoke to Philippa Rodseth from the Manufacturing Circle.

25 Oct 2023 9AM 8 min

Listen! Dovish' deputy governor Kuben Naidoo resigns from reserve bank

The Deputy Governor of the South African Reserve Bank, Kuben Naidoo, has resigned, creating an opportunity for President Cyril Ramaphosa to appoint new leadership at the Reserve Bank before the 2024 elections. The resignation, while not officially confirmed by the Bank and the presidency, may come into effect in November…

25 Oct 2023 8AM 8 min

Listen! The unforeseen costs of going off grid

The income that Eskom and municipalities earn from electricity sales has taken a knock amid a rapid uptake of alternative energy solutions. Eskom meanwhile is exploring feed-in tariffs to overcome the potential losses. Business Day TV spoke to Tshepo Kgadima, Independent Economic & Energy Analyst about the move to alternative…

24 Oct 2023 2PM 13 min

Listen! Rising costs bite into Famous Brands profits

Higher costs weighed on Famous Brands half-year performance. Headline earnings per share fell 7.4%, as input costs rose due to load-shedding and a poor potato harvest. Business Day TV spoke to CEO Darren Hele for more detail.

24 Oct 2023 1PM 9 min

Listen! RAF sticks to its guns on excluding foreigners from claiming

South Africa's Road Accident Fund has put forward a new draft proposal Bill which seeks to exclude foreign nationals from claiming from the fund. Business Day TV spoke to Vusumuzi Sibanda, President of the African Diaspora Global Network, who argues that foreigners pay indirect taxes and should therefore not be…

24 Oct 2023 9AM 7 min

Listen! SCA overturns R92m land restitution settlement offer

The Supreme Court of Appeal has invalidated a compensation proposal of R92 million for claimants seeking land restitution. This setback occurs in the context of South Africa's ongoing land reform initiative, which strives to return land to historically dispossessed communities. Business Day TV delved deeper into this ruling with legal…

24 Oct 2023 9AM 8 min

Listen! Digging through Kumba and Amplats' Q3 data

Kumba Iron Ore's sales for the third quarter fell 12% year-on-year, as the miner battled equipment breakdowns at the Transnet managed Saldanha Port. Anglo American Platinum meanwhile meantime posted a 9% fall in production during the period as load-shedding weighed. Business Day TV unpacked the data in greater detail with…

24 Oct 2023 9AM 7 min

Listen! Is a rate hike on the cards?

Taming inflation has proven to be tough, with consumer prices accelerating to 5.4% in September. This has raised concerns about a possible interest rate hike next month, as inflation sits at the upper end of the Sarb's target range. Business Day TV caught up with Investment Strategist at Old Mutual…

23 Oct 2023 1PM 6 min

Listen! SA set to overtake Nigeria's as Africa's biggest economy

South Africa is set to overtake Nigeri and Egypt as the continent's largest economy next year, according to the International Monetary Fund. But SA is likely to only hold onto this top spot for a year. For more detail, Business Day TV spoke to Razia Khan from Standard Chartered Bank.

23 Oct 2023 9AM 9 min

Listen! Springboks make it to the final by the skin of their teeth

In a gripping rugby showdown, England and South Africa clashed in a high-stakes match, with England initially leading but the Springboks making a late comeback. This nail-biting action saw penalties, tries and scrum power deciding the outcome; leaving England's fate hanging in the balance. To discuss all the action, Business…

23 Oct 2023 9AM 7 min

Listen! Explosives-based crime costs the economy tens of billions

Smuggled explosives and blasting experts imported by criminal syndicates have become key enablers of crime in South Africa. At least one armoured car heist and one cash machine bombing takes place in the country every day, while explosives are also used in illegal mining. These activities cost the economy tens…

23 Oct 2023 9AM 7 min