Business News Leaders

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

Listen! Africa’s green hydrogen opportunities

During the second Green Hydrogen Summit, partnerships like Sasol, Amplats, and BMW collaborated on South Africa's first hydrogen vehicle, underlining green hydrogen's importance for decarbonization and Africa's potential leadership in its production. Business Day TV spoke to Patrick Prestele, a Consultant at Frost and Sullivan, spoke about Africa's green hydrogen…

20 Oct 2023 8AM 9 min

Listen! SA’s buy-now-pay-later landscape

South Africa's buy-now-pay-later sector boomed during the pandemic, and has a projected cumulative annual growth rate of 35% between 2022 and 2027. Business Day TV spoke to Happy Pay's CEO, Wesley Billett, about the industry's trends and its implications for the credit system.`

20 Oct 2023 8AM 8 min

Listen! The rise of the A2X stock exchange

A2X, which began trading in October 2017, provides a secondary listing platform for companies. It has 170 listings, which includes firms like MTN, Absa, Naspers, Prosus, Business Day TV discussed the rise of the A2X stock exchange with CEO Kevin Brady.

19 Oct 2023 11AM 8 min

Listen! Investing in a volatile environment

It has been a tough year for equity markets globally and the JSE has felt the pressure as well, with the All Share falling 2.3% year to date. Business Day spoke to Anchor's Co-Chief investment officer, Nolan Wapenaar about where to invest in a volatile environment.

19 Oct 2023 11AM 7 min

Listen! Focus on junior mining

On this episode of the Big Idea, we take a look at the junior mining sector with mining analyst, Peter Major and Fred Arendse, the founder of the junior mining council.

19 Oct 2023 10AM 16 min

Listen! Tunisia's economy minister sacked amid IMF rescue scheme

Tunisia's president has sacked the country's economy minister after he stated that a deal with the International Monetary Fund would be vital for the country to obtain other foreign financing. President Kais Saied strongly opposes the terms of an IMF agreement, saying that the conditions will lead to protests. For…

19 Oct 2023 9AM 9 min

Listen! Why the US is considering a 20-year AGOA extension

US Senator John Kennedy is pushing for an extension of the African Growth and Opportunity Act |(AGOA) until 2045 in an effort to counter China's growing influence in the region. Business Day TV spoke to Business Day journalist, Thando Maeko for more perspective on the move.

19 Oct 2023 9AM 8 min

Listen! Higher interest rates continue to squeeze household finances

High interest rates continue to squeeze household finances, according to the Altron FinTech Household Resilience Index, and this could weigh on spendding over the upcoming festive period and on popular shopping days like Black Friday. Business Day TV discussed this in detail with independent analyst, Roelof Botha.

19 Oct 2023 9AM 8 min

Listen! SA retail sales down 0.5% in August

South African retail Sales declined by 0.5% year-on-year in August. This marks the ninth consecutive month of decline in retail activity. Business Day TV discussed the print with RMB Economist, Siobhan Redford.

18 Oct 2023 12PM 6 min

Listen! Pick n Pay records first ever interim loss

Pick n Pay has slipped into the red. The retailer has reported a headline loss per share at 138 cents, mainly due to increased competition and costs associated with load shedding. Business Day TV unpacked the retailer's interim performance with CEO Sean Summers.

18 Oct 2023 12PM 8 min

Listen! Consumer inflation accelerates to 5.4%

Consumer inflation has quickened to 5.4% year on year in September from 4.8% the previous month. This marks the second consecutive month that inflation has accelerated. To find out how the latest print could factor into the reserve bank's decision making process on interest rates, Business Day TV spoke to…

18 Oct 2023 9AM 9 min

Listen! Amazon to launch in SA in 2024

Amazon has announced that it will launch a South African store in 2024. This will provide local businesses with the chance to sell their products on Amazon.com. Business Day TV spoke to Business Day reporter Mudiwa Gavaza about the risk and opportunities that come with the move.

18 Oct 2023 9AM 9 min