Business News Leaders

The state of the South African economy

Despite the South African economy returning to pre-pandemic levels, economists are growing concerned about growth going forward. That's as South Africa continues to struggle with rising inflation, high unemployment levels and load-shedding. This has pushed PwC to revisit its outlook for the local economy and Business Day caught up with…

30 Jun 2022 1PM 8 min

Outlook for US Tech stocks

US Tech stocks have been under pressure this year with the Nasdaq down over 25% year to date on the back of aggressive Fed rate hikes and hot inflation. Business Day TV caught up with Senior Markets Analyst at Oanda, Craig Erlam and he shared his outlook for these stocks…

30 Jun 2022 12PM 6 min

SA Economy Faces Bleak reality

As South African consumer sentiment crashed to its lowest level in more than three decades during the second quarter, the major deterioration in the country’s economic outlook is cause for huge concern. Having already slipped from -9 to -13 index points during the first quarter of 2022, the FNB/BER consumer…

30 Jun 2022 7AM 26 min

Unpacking Eskom’s wage and load-shedding crisis

Eskom has confirmed that its striking employees have returned to work, after the state utility and unions agreed to go back to the negotiation table. Eskom had intensified power cuts after workers embarked on an unprotected strike following a breakdown in wage negotiations.Business Day TV discussed this in detail with…

29 Jun 2022 1PM 13 min

Crypto market takes a breather

The crypto market has continued to take a beating, with bitcoin retreating to just above the $20,000 mark. Business Day TV discussed this in detail with Luno’s Marius Reitz.

29 Jun 2022 1PM 6 min

Tashas to expand operations amid rising inflation

Restaurant group Tashas plans to expand its footprint in South Africa, Dubai and Saudi Arabia. The growth plan comes amid rising inflation and dwindling consumer confidence levels. Business Day TV caught up with founder and CEO of the group Natasha Sideris for more detail.

29 Jun 2022 12PM 7 min

SA Liquid Fuels Risks and Opportunities in JET

While we are all focussing on Stage 6 loadshedding and the coal part of the just transition, the future of the liquid fuels value chain is currently also in a state of rapid flux. At its heart is the automotive sector and the changes we are seeing globally to the…

29 Jun 2022 8AM 24 min

Karpowership blames government for project delays

Karpowership, a winner in South Africa's emergency power procurement program says it is unable to proceed with its project that will feed electricity into the grid due to government delays. Business Day TV spoke to Mehmet Katmer, Business Development Director of Karpowership for more detail on the hold up and…

28 Jun 2022 1PM 7 min

Rand juggles local and international risks

The rand has remained one of the top performing emerging currencies in 2022, despite dealing with local and global pressures like the global monetary tightening trend, recession fears and local power cuts. Business Day TV caught up with RMB's Fixed Income and Currency analyst, Kim Silberman to unpack some of…

28 Jun 2022 1PM 7 min

Total employment improves in the first quarter of 2022

Employment in South Africa has increased, as 42,000 jobs were created during the first three months of the year. The uptick marks a 0.4% rise when compared to the previous quarter, which is mainly due to an increase in jobs in community services as well as the mining and manufacturing…

28 Jun 2022 1PM 8 min

Surging costs weigh on PPC

Surging costs weighed on PPC’s annual performance. South Africa's biggest cement-maker has posted a slide into the red, reporting a loss per share of 5 cents despite an 11% increase in group revenue. Business Day TV the performance with CEO Roland van Wijnen.

27 Jun 2022 2PM 7 min

Invicta boasts strong recovery from Covid, lockdowns

Invicta has posted a solid recovery from the effects of Covid-19. The industrial holding company grew its annual revenue by 15% while headline earnings per share shot up by 99%. A final dividend of 90 cents has been declared, which reflects an increase of 50%. Business Day TV spoke to…

27 Jun 2022 2PM 8 min

Transport regulatory dysfunction throttling tourism

SATSA, the country’s leading inbound tourism industry association, last week raised the red flag on red tape that is strangling the fragile post-pandemic recovery of the country’s critical tourism sector, with hundreds of new and existing tour operators unable to work, or being forced to do so illegally, as it…

27 Jun 2022 8AM 26 min

The Week In Perspective

The final report of the Zondo Commission into State Capture: with the handing over by Chief Justice Raymond Zondo of his 1800 page final report to President Cyril Ramaphosa in Wednesday the lengthy and tortuous road towards uncovering the truth about state capture corruption and fraud in SA has now…

24 Jun 2022 8AM 25 min

SA’s tourism sector welcomes repeal of Covid-19 rules

South Africa has repealed COVID-19 regulations governing the use of face masks and which imposed entry requirements at its borders. The country’s tourism sector has welcomed the move, saying it bodes well for the sector and will give the local economy a boost. Business Day TV caught up with Tshifhiwa…

23 Jun 2022 2PM 9 min

Construction sector activity declines in Q1

The Afrimat Construction Index declined by 3.5% in the first quarter, with Intimidation, extortion and violence on construction sites cited as obstacles to the further expansion of construction activity. Business Day TV spoke to Independent Economist Roelof Botha, who compiles the index, for more detail.

23 Jun 2022 1PM 8 min

Trends that will drive ecommerce in 2022

New data from FNB Merchant Services shows that the South African online e-commerce market has grown rapidly and is currently estimated at just under R200 billion per annum. Companies such as Takealot, Woolworths and Checkers are all adapting to new consumer habits. According to FNB, an increase in the e-commerce…

23 Jun 2022 7AM 25 min

Opportunities in the bond market

The bond market has been battered this year on the back of the global trend of monetary tightening and some traders are still seeing opportunity in the local fixed income arena, saying that 10-year government bond yields are attractive. Business Day TV discussed this in detail with the Head of…

22 Jun 2022 1PM 7 min

Inflation breaches upper level of Sarb's target range

Consumer prices accelerated in May and rose to a five-year high of 6.5%, due to rising food and petrol prices. The print is well above the Reserve Bank’s target range of 3%-6%. Business Day TV discussed what this means for the South African economy with Senior Economist at BNP Parabis…

22 Jun 2022 1PM 7 min

Stadio to enter growth phase as student numbers rise

Stadio says it is set to enter a growth phase and is on track to achieve its 56,000 student target by 2026, after growing its base by 11% during the first half of 2022. Business Day TV spoke to Chris Vorster for more detail on the group's growth plans.

22 Jun 2022 11AM 9 min