Business News Leaders

Civil society calls on Nersa to reject Eskom's 20.5% tariff hike proposal​

State power firm Eskom says it needs a 20.5% electricity tariff hike in April as it struggles with costs related to Independent Power Producers (IPPs) and carbon taxes. But civil society and the City of Tshwane are pushing back against the proposal as both are concerned that consumers will not…

18 Jan 2022 12PM 9 min

How will Private equity respond to rising rate environment?

The past year has seen exceptional activity for private equity, especially in Africa. With economies across the continent still struggling in the grip of the pandemic after 2020 and vaccine rollouts lagging behind those of developed nations, expectations were set low. But by the end of the first half of…

18 Jan 2022 6AM 26 min

What's next for Adapt IT?

Adapt IT is the first company to have delisted from the JSE this year. This due to a successful takeover bid by Volaris at R7 per share. Volaris now owns almost 64% of business, what does this mean for Adapt IT moving forward? Business Day TV spoke to company's CEO…

17 Jan 2022 11AM 8 min

Eskom inertia remains biggest economic risk

South Africans will soon be facing a possible return to darkness after Eskom warned of looming system constraints, due to the extended unavailability of the Koeberg Nuclear Power Station’s units in 2022 due to planned outages. This as Eskom has applied for an electricity price increase of 20.5% for the…

17 Jan 2022 6AM 27 min

Eskom's interim results show improvement in financial performance

Eskom has posted a significant improvement in its financial results, with a half-year net profit after tax of R9.2bn, compared to breakeven in the prior period. Alishia Seckam spoke to Eskom CEO Andre de Ruyter for more detail on how this was achieved.

15 Dec 2021 12PM 11 min

The themes that drove returns in 2021

As 2021 draws to a close, Alishia Seckam speaks to Old Mutual Wealth investment strategist Izak Odendaal about the themes that drove markets during the course of the year and what themes could shape investment in 2022.

15 Dec 2021 11AM 7 min

The Year of the Tiger – what is in store for the world in 2022 part II?

On Thursday, 5 March 2020, 651 days ago, the National Institute for Communicable Diseases confirmed that a suspected case of COVID-19 had tested positive. It feels like this news report took place years ago and that COVID-19 has been with the world for much, much longer. Now, 21 months into…

15 Dec 2021 6AM 26 min

Market predictions For 2022

Persistent inflation, the Covid-19 pandemic and numerous global headwinds continue to weigh on investor confidence. Business Day TV spoke to John Cairns from RMB for a look at how these themes will drive the direction of markets in 2022.

14 Dec 2021 11AM 8 min

SA economy under pressure

Loadshedding, water outages and cable theft are weighing on South Africa's economic activity potential. According to the BankservAfrica, these factors were largely responsible for the 2.3 point decline registered by its index that tracks economic activity. ​Business Day TV unpacked the print in greater detail with Mike Schüssler, Economist at…

14 Dec 2021 11AM 5 min

Positioning for rising inflation and interest rates

Central bank decisions are the theme of the week, with the Bank of England, the Bank of Japan, the European Central Bank and the US Federal Reserve all meeting in the coming days. The Fed is set to be the most highly-anticipated, with analysts expecting central bankers stateside to increase…

14 Dec 2021 6AM 25 min

WATCH: Lancet, Ampath slash PCR test prices by 41%​

The Competition Commission and private pathology laboratories Ampath and Lancet, have reached an agreement which will see the price of PCR tests reduced by 41%. Business Day TV spoke to Siyabulela Makunga, spokesperson for the Competition Commission for more detail.

13 Dec 2021 12PM 7 min

The Year of the Tiger – what is in store for the world in 2022?

It’s time to consider the new reality that is emerging in the wake of the coronavirus pandemic, and ask what it means for politics, economics, business. While the IMF is cautioning that the Omicron variant could shave a few percent off global growth the figure is still double that of…

13 Dec 2021 6AM 27 min

The Week In Perspective

What’s happening in the markets now? England is going under tougher COVID-19 curbs, BoJO is getting roasted for last year’s Christmas party while Christmas parties are being cancelled across Europe and the United States, and Jefferies became the first big Wall Street bank to send employees home. But with focus…

10 Dec 2021 7AM 25 min

Construction activity picks up in Q3

Construction activity has registered an improvement in the third quarter. According to the Afrimat’s Construction Index activity rebounded by nearly 3% during the period. The upswing was led by rebuilding efforts as companies had to repair damages that were caused by the civil unrest that took place in July. Business…

9 Dec 2021 12PM 7 min

Gauteng budget up R7bn for the 2021/22 financial year

Gauteng’s budget for the 2021/22 financial year has been increased by R7 billion to support economic growth and recovery efforts, create jobs and fight COVID-19. Business Day TV spoke to Finance and e-Government MEC Nomantu Nkomo-Ralehoko for more on detail on how the purse strings have been adjusted.

9 Dec 2021 12PM 7 min

Carbon border taxes: Revolution or protectionism?

Fighting climate change is vital to equitable global development and poverty reduction—and international trade can have an important role to play in this. Trade can help countries adapt to higher average temperatures and more extreme weather events by offering consumers lower-emissions goods and services and facilitating the use of climate-friendly…

9 Dec 2021 6AM 25 min

Business confidence slips

​Business confidence dimmed in November. The Chamber of Commerce's morale indicator declined to 92.8 points from a reading of 94.9 previously, largely due to a lag in exports and imports. Business Day TV spoke to Sacci CEO Alan Mukoki for more detail

8 Dec 2021 12PM 7 min

Crude reality - 2022 outlook for oil

Oil prices have steadied above $75 a barrel with investors assessing the impact of the new Covid-19 variant on the global economy as well as fuel demand. Business Day TV discussed the outlook for oil with David Elmes from Warwick Business School

8 Dec 2021 11AM 6 min

Animal Spirits

Omicron, inflation, China’s debt fuelled property house of cards, investors seemingly fear none of these as markets are staging a nice little Santa Claus rally into year end. The JSE reached a record high on Tuesday tracking the rally in global markets as concerns about the Omicron variant of Covid-19…

8 Dec 2021 6AM 23 min

Rand nears R16 mark as GDP disappoints

The rand has edged closer to R16 to the dollar as South Africa’s GDP print surprised to the downside with the economy contracting BY 1.5%. Business Day TV unpacked the moves playing out in the currency scene with RMB's John Cairns​

7 Dec 2021 11AM 5 min