Business News Leaders

South Africa sheds 119k jobs in the second quarter

Total employment in South Africa has decreased. During the second quarter 119 000 jobs were shed, reflecting a 1.2% drop on a quarterly basis - this was mainly due to a decrease in jobs in construction as well as community and business services. Business Day TV unpacked the print with…

27 Sep 2022 1PM 5 min

World Bank lowers growth forecast for East Asia

The World Bank has cut its outlook for the East Asia region by 3.5% for 2022, citing China’s property crisis and covid lockdowns as major risks. Business Day TV discussed this with RMB’s John Cairns.

27 Sep 2022 1PM 5 min

Remgro delivers robust recovery

Coming off a Covid-19 led low base and boosted by the recovery in earnings for most of the group's underlying investee companies. Remgro has managed to deliver a robust recovery, with most financial metrics ahead of pre-pandemic levels. Business Day TV unpacked the performance in greater detail with company's CEO,…

27 Sep 2022 12PM 7 min

Conversational AI

Today on Business Watch, we conclude our AI series where we’ve been featuring some of the most remarkable talent in the fields of machine learning, data analytics, artificial intelligence, natural language processing and programming in the country. We’ve spoken to pioneers in health tech, fin tech. Coders building the future…

27 Sep 2022 8AM 27 min

Global bond markets crash

Global bond markets have taken strain, hitting lows last seen in 1949. Business Day TV discussed the factors driving these markets lower is James Turp from Absa Asset Management.

26 Sep 2022 1PM 6 min

Is the government on a search for a new Eskom board?

Following weeks of back to back power cuts, Eskom’s leaderships ability to run the state owned entity has been questioned. This comes after the Sunday Times reported that the presidency has met with the department of public enterprises about shaking up the leadership. Business Day TV caught up with Business…

26 Sep 2022 1PM 8 min

SA's new rating agency contradicts big three

South Africa has been awarded an investment grade rating from the new Gauteng-based Sovereign Africa Ratings agency. A rating that goes against the three major ratings agencies, which have all placed South Africa deep into the sub-investment territory. Business Day TV caught up with Zwelibanzi Maziya, COO of the Sovereign…

26 Sep 2022 12PM 7 min

Pension allocation and asset allocation trends

With rising inflation, geopolitical risk, climate and energy concerns, there’s a lot for pension funds trustees and their consultants to consider at the moment when it comes to their investment and asset allocation strategies. 
Mercer’s recently released Asset Allocation Insights 2022 report showed that South African pension funds invest 61%…

26 Sep 2022 7AM 26 min

The Week in Perspective

A feverish week of central bank activity around the globe has left markets at extremes. The Fed hiked by 75%, leading our own Reserve bank to follow in lockstep, despite a markedly different inflation picture and growth and employment concerns. Currency prices were rattled too after Japan intervened in the…

23 Sep 2022 7AM 26 min

The impact of rising interest rates on SA's housing market

The reserve bank has raised rates by 75 basis points, joining its global peers in the fight to tame inflation. Business Day TV caught up with Erwin Rode from Rode & Associates to discuss how much of an impact this move will have on the housing market.

22 Sep 2022 2PM 7 min

What will a 75 bps rate hike mean for SA's economy?

The reserve bank's monetary policy committee has lifted the repo rate by 75 basis points (bps) to 6.25%. The move was largely expected by economist but it will add pressure to indebted consumers who are already struggling to make ends meet. Business Day TV unpacked this in detail with Citadel…

22 Sep 2022 1PM 7 min

Cell C finalizes recapitalization

Blue Label has confirmed that Cell C's recapitalization has been completed and this comes after years of negotiations. Business Day TV discussed what this means for Cell C and Blue Label moving forward with telcos analyst at Nedbank CIB, Preshendran Odayar.

22 Sep 2022 1PM 6 min

SARB Preview

Overnight the Fed indicated that it is committed to continue hiking in the face of persistent core pce inflation in the US, taking the fed Funds rate to 3 to 3.25% and indicating that a further 1.25% in increases is due by year end. In a sobering new set of…

22 Sep 2022 7AM 23 min

Where to next for diesel as Eskom blows budget to keep lights on

Trying to keep the lights on is costing Eskom an arm and a leg with spending on diesel rising to R7.7bn, which is more than the state-owned utility had budgeted for this year. Business Day TV explored the diesel market in greater detail with Andre Botha from TreasuryOne.

21 Sep 2022 2PM 7 min

Inflation eases from a 13-year high in August

Inflation has slowed to 7.6% year-on-year in August after softer fuel prices helped offset higher food and electricity inflation. Business Day TV unpacked the print and discussed what it means for the South African Reserve Bank’s next move with FNB senior economist Koketso Mano.

21 Sep 2022 12PM 3 min

Sasfin posts upbeat results

Financial services company Sasfin has delivered a 23.6% jump in annual headline earnings per share on the back of an improvement in its credit performance. Business Day TV discussed the results in detail with the company’s CEO, Michael Sassoon.​

21 Sep 2022 12PM 7 min

The state of renewable energy in South Africa

Amid an energy crisis in South Africa, research by Climate Group has revealed that the country is topping its peers. That’s as it shows encouraging improvements when it comes to pushing forward with its renewables ambitions. Business Day TV discussed this in detail with Climate Group’s Executive Director of Systems…

20 Sep 2022 1PM 7 min

Sarb expected to raise rates on Thursday

Economists are expecting the Sarb to take a more hawkish stance at its next meeting, and this comes as the country struggles with rising inflation and a weak rand. Business Day TV caught up with RMB economist Siobhan Redford and she shared her views.

20 Sep 2022 12PM 5 min

Impact of a potential greylisting on SA's economy

Time is running out for South Africa to prove to the Financial Action Task Force that it can counter financial crimes. The watchdog found weaknesses in the country’s ability to fight corruption and money laundering. South Africa has between now and the end of November to show improved strength in…

20 Sep 2022 11AM 8 min

WATCH: PROPTECH

Through the pandemic listed property companies have had to get back to basics and focus on the core operating strategies of managing assets and less on the financial engineering that had caused such over exuberance in markets in the mid-2010s. While REITs might excel at attracting the right tenants, maximising…

20 Sep 2022 8AM 24 min