Business News Leaders

The Week In Perspecive

It’s been a bad week for KZN, Eskom and the economy: The human and economic costs of the recent KZN rains and floods mount: in announcing another National State of Disaster this week to deal with the socio-economic consequences the recent overwhelming floods in KZN President Cyril Ramaphosa confirmed that…

22 Apr 2022 7AM 22 min

Why FinChoice is HomeChoice's star performer

HomeChoice's fintech business, FinChoice has been the group's star performer of late as it's been largely responsible for the firm's profit growth. The division offers unsecured lending via a zero-rated mobile app and demand for this service saw FinChoice report a 73.8% jump in loan disbursements to R3.3bn in the…

21 Apr 2022 1PM 8 min

Unpacking SA's relationship with Ukraine

President Cyril Ramaphosa has finally had his long-awaited phone call with Ukrainian president Volodymyr Zelensky. The move comes after reports suggested that the call had been delayed due to bickering between SA and Ukrainian diplomats. The Ukrainians were said to be unhappy that SA requested a call between the two…

21 Apr 2022 1PM 13 min

South Africa's Poultry Tariff Increases

Rapidly rising chicken prices driven up by rampant inflation, global food and commodity shortages, the escalation in fuel, transport and electricity costs, increasing trade tariffs, and the fact that wages are decreasing and unemployment increasing, is providing fresh fodder for a long running debate on the role of tariffs in…

21 Apr 2022 9AM 25 min

Solidarity Fund to assist with KZN relief

President Cyril Ramaphosa has asked the Solidarity Fund's leadership to assist flood relief efforts in KwaZulu-Natal. The Head of State says National Treasury will make an initial amount available to the Solidarity Fund to implement support measures. Business Day TV spoke to Martin Kingston, the Solidarity Fund's Flood Response Advisor…

20 Apr 2022 1PM 7 min

Industrials REIT picks up four additional multi-let estates

Industrials REIT has expanded its multi-let industrials portfolio, after purchasing four of these assets in the UK for close to £21 million. Business Day TV caught up with the company’s CEO Paul Arenson, for greater insight on the move.

20 Apr 2022 1PM 8 min

Inflation accelerates to 5.9% in March

Consumer price inflation quickened in March, coming in at 5.9% - just below the Reserve Bank’s 3%-6% target range. The acceleration comes as the price of food and non-alcoholic beverages increased. Business Day TV unpacked the print with RMB Economist Siobhan Redford.

20 Apr 2022 1PM 5 min

Evolving role of the Chief Data Officer

The pandemic has hastened digital change, putting the value of data at the top of boardroom agendas throughout all sectors and businesses. Just yesterday Capitec CEO Gerrie Fourie was waxing lyrical about how important data is to the bank and how he’s lifted and shifted key systems into the cloud…

20 Apr 2022 8AM 27 min

DA wants Eskom to be declared a state of disaster

The Democratic Alliance says Eskom must be declared a state of disaster for failing to prevent rolling blackouts. Business Day TV caught up with DA's Shadow Minister of Public Enterprises, Ghaleb Cachalia for more detail.

19 Apr 2022 1PM 7 min

Eskom pushes load shedding to stage 4

A record number of breakdowns at Eskom's generating units is weighing on South Africa’s power grid. The power utility escalated rolling blackouts to Stage 4 after the Majuba and Tutuka Units tripped. Day TV spoke to Andre De Ruyter, CEO of Eskom for more detail on the state of the…

19 Apr 2022 1PM 10 min

Tik Toking into the Metaverse of Marketing

Over the course of last year, the word ‘metaverse’ and certainly Tik Tok, entered common usage, inspiring a lively global debate about what it represents, whether it’s already here, and who will own it. But we still don't have an accepted definition of what it is. This has been satirized…

19 Apr 2022 8AM 25 min

Luno hits 10-million customer mark

Crypto company Luno’s customer base has hit the 10 million mark and those were onboarded in just six months. Business Day TV spoke to Marius Reitz, Luno's GM for Africa about the milestone.

14 Apr 2022 1PM 7 min

What do the floods in KwaZulu-Natal mean for the insurance industry?

The flooding in KwaZulu-Natal has caused severe devastation to infrastructure, homes and businesses, with the insurance industry expected to receive numerous claims. Business Day TV spoke to Tarina Vlok, Managing Director of Elite Risk Acceptances - a division of Old Mutual Insure, for a look at what the floods mean…

14 Apr 2022 1PM 7 min

Floods in KwaZulu-Natal – impact on business

The floods in KwaZulu-Natal have impacted operations for many businesses in the province. Tongaat Hulett has advised that it’s still assessing the impact, while some like Sappi and Toyota have halted operations. Business Day TV unpacked the impact of the floods from a business perspective with Mpume Langa, Vice President…

14 Apr 2022 12PM 7 min

Impact of KZN Floods on logistics

The logistics industry has taken a hit from the flooding in KwaZulu-Natal. Transnet initially suspended operations as a precaution but the sector remains under strain, with truck movement towards the port halted and several roads either underwater or having sustained significant damage. Business Day TV spoke to Gavin Kelly, CEO…

14 Apr 2022 12PM 9 min

The week in perspective

South Africa seems stuck in the same negative feedback loop that the president seems unable to break. This government talks a good game but as we see with mining this week, a truly bizarre mining exploration strategy that will focus on junior exploration firms that are 51% black owned exclusively…

14 Apr 2022 7AM 26 min

Sub-Saharan Africa's growth to slow this year - World Bank

The World Bank expects South-Saharan Africa’s growth set to decelerate. The bank’s says GDP should slow to 3.6% this year from 4% in 2021, and has cited a global environment with multiple shocks, high volatility and uncertainty. Business Day TV spoke to the Chief Economist for Africa at the World…

13 Apr 2022 1PM 7 min

Supply-chain troubles and pandemic take their toll on Zeder

Supply chain issue and the impact of the pandemic weighed on Zeder’s annual profit, and led to a 67% slump on that end. The agribusiness-focused investment holding group has however posted a 31.2% increase in its headline earnings per share, supported by increased valuations of The Logistics Group and Kaap…

13 Apr 2022 12PM 6 min

PSG Konsult posts higher annual earnings

Financial services group PSG Konsult, has posted a surge in annual profit. The group's recurring headline earnings per share grew by 32% during the period allowing it to increase its total dividend by a similar margin. Business Day TV spoke to Francois Gouws, CEO of PSG Konsult for his perspective…

13 Apr 2022 12PM 11 min

EOH returns to profit

EOH has completed its turnaround strategy and has returned to profit. The technology group has posted headline earnings per share of 41 cents and while it’s current liabilities still exceed its assets by R1.6 billion, the firm’s pointed to the encouraging signs of robust demand for digital services as the…

13 Apr 2022 12PM 6 min