Business News Leaders

Absa's posts slight rise in profit, lifts dividend by 5%

Absa's interim headline earnings per share rose by just 3%, as the lender battled the effects of higher interest rates and inflation which ultimately led to a 60% jump in credit impairments. Despite the performance, the group has upped its interim dividend by 5%. Business Day TV unpacked the performance…

14 Aug 2023 9AM 7 min

Impact of International energy changes on Angola

Angola has some of the biggest untapped oil and gas reserves on the African continent. Ahead of the nation's 2023 Oil & Gas conference, Business Day TV caught up with Devi Paulsen-Abott, CEO of ECP, and the organiser of the event, for more insight on the impact of international

11 Aug 2023 10AM 10 min

Bringing Edgars back to life

Clothing retailer Edgars was a casualty of the pandemic. Retailability however acquired the group during that time and is now betting on e-commerce to help manage the group's turnaround. Business Day TV spoke to Norman Drieselmann, CEO of Retailability for greater perspective on the group's online plans for Edgars and…

11 Aug 2023 10AM 11 min

Slow start to Q3 economic activity

Economic activity declined slightly in July. The freight industry came to a halt as a result of the return of stage 6 load shedding and interruptions in the transportation sector. The monthly BankServ Africa Economic Transactions Index, which dropped to 133 in July from 133.9 in June, reflects these difficulties…

11 Aug 2023 9AM 9 min

CompCom recommends prohibition of Vodacom-Maziv merger

The Competition Commission has recommended against the proposed Vodacom-Maziv merger. The Commission is of the view that the transaction will likely prevent or lessen competition in several markets. Business Day TV unpacked the decision with Competition Commission Principal Analyst, Grusham Mutizwa.

10 Aug 2023 2PM 7 min

Mining and manufacturing sectors end Q2 on a high note

The mining and manufacturing sectors have ended the second quarter on a good note as both industris posted growth in June. On an annual basis, mining production expanded 1.1%, while factory activity rose 5.5%. Business Day TV unpacked the prints with RMB Economist, Siobhan Redford

10 Aug 2023 1PM 5 min

The Big Idea

US-Africa relations have seen changing strategies under various presidential agendas. Barack Obama emphasized African security and development, Donald Trump overlooked Eastern trade ties, and since his presidency, Joe Biden has aimed to revitalize connections with Africa. Business Day TV explored these shifts and evolving power dynamics between US and Africa,…

10 Aug 2023 9AM 18 min

Economic resilience in parts of SSA

The World Bank projects that growth in sub-Saharan Africa (SSA) will slow to 3.1% from nearly 4% last year. Some countries in the region however, are defying the odds on the growth front. Business Day TV spoke to Jacques Nel, Head of Africa Macro at Oxford Economics Africa for more…

10 Aug 2023 9AM 7 min

Key sectors hit as violent taxi strike grips Cape Town

Cape Town continues to face a crippling taxi strike, which is disrupting economic activity. Absenteeism rates have surpassed 50% in vital sectors, according to Cape Chamber of Commerce and Industry. Tensions between the SA National Taxi Council and City of Cape Town have escalated and have elicited calls for urgent…

10 Aug 2023 9AM 7 min

All things DBSA: A year of record profits

State-owned entities are infamous for being loss-making but the Development Bank of Southern Africa (DBSA) is an exception having produced record annual profit of R5.2bn. Business Day TV caught up with the bank's CEO, Boitumelo Mosako for more detail.

10 Aug 2023 9AM 8 min

Identifying potential insolvency risks

Businesses offering trade credit are seeing a rise in insolvencies with factors like load shedding and higher interest rates contributing to the increase. Business Day TV spoke to Frank Knight, CEO Debtsource, about how businesses can manage credit exposure, as well as how to identify potential insolvency risks.

8 Aug 2023 12PM 7 min

Free electricity programme fails to reach most poor households

The South African government's free electricity programme was meant to help 10 million poor households but it has only reached 2.3 million, due to misallocation of funds and poor administration. Business Day TV spoke to Energy Writer Denene Erasmus for more detail.

8 Aug 2023 8AM 6 min

Artificial Intelligence & Africa's legal landscape

Artificial Intelligence is shaking up Africa's legal landscape. Some nations on the continent have started creating laws to regulate the technology while others still have no clear strategy to help manage it. Business Day TV spoke to Otsile Matlou, COO of ENSAfrica for greater perspective on the legal changes the…

8 Aug 2023 8AM 7 min

Nedbank posts 10% rise in headline earnings

Strong revenue growth along with associate income of 14% gave Nedbank's first half performance a boost. The growth is largely responsible the lenders 10% rise in headline earnings. Nedbank declared an interim dividend of 871 cents which is 11% higher than that of the previous comparable period. Business Day TV…

8 Aug 2023 7AM 8 min

Why are foreign investors dumping South African assets?

The JSE has recorded a 54% jump in foreign outflows, reaching R65 billion in 2023, mainly due to poor investor sentiment and legislative changes. Business Day TV spoke about South Africa's investment landscape with Investment Strategist at RisCura, Glenn Silverman

7 Aug 2023 1PM 6 min

Trade of the Week - Truworths MTN | Anglo Gold Ashanti | Richemont | Multichoice

Unam Capital's Loyiso Mpeta provides tech-analysis on Truworths, MTN, Anglo Gold Ashanti, Richemont, Multichoice and Anglo Platinum

7 Aug 2023 9AM 18 min

Unpacking the Niger coup

In an act of defiance, the Niger Junta have not reinstated President Mohamed Bazoum as per the ECOWAS' deadline to put an end to the coup in the region. Business Day TV unpacked the developments in this regard in greater detail with Everisto Benyera, Associate Professor of African Politics in…

7 Aug 2023 9AM 9 min

ANC Old guard fights marriage of convenience

ANC veterans are challenging the party's power-centric approach and resisting alliances with the EFF and Patriotic Alliance. As concerns rise over coalitions in crucial Gauteng areas, both veterans and the ANC Youth League have demanded a reevaluation of ties with the EFF. Natasha Marrian from Financial Mail spoke to Business…

7 Aug 2023 9AM 11 min

PPC launches new R380 million empowerment deal

PPC has launched a new employee trust that's purchased 10% of the company's share capital, via a loan of R380 million and an additional R975 thousand to help cover the security transfer costs. Business Day TV spoke to Njombo Lekula, MD of PPC SA for more detail.

7 Aug 2023 9AM 7 min

Chicken prices set to rise as tariffs are reinstated

Chicken prices are set to increase. Minister of trade, industry & competition, Ebrahim Patel has gazetted a notice to reintroduce anti-dumping duties on chicken, which were suspended 12-months ago to help protect the local poultry industry. Business Day TV spoke to Izaak Breitenbach, GM for the SA Poultry Association for…

4 Aug 2023 10AM 8 min