Business News Leaders

Listen! Old Mutual posts dip in profit

Old Mutual's half year profit has fallen, with headline earnings per share slipping 8% due to hyperinflation issues in Zimbabwe. Despite the performance, the insure has hiked its dividend by 28% to 32 cents. Business Day TV unpacked the numbers with the group's CEO Iain Williamson.

27 Sep 2023 1PM 7 min

Listen! Treasury's cost cutting raises concerns for hospitality industry

Today is World Tourism Day and while it should conjure up images of summertime, the beach, safaris and an influx of foreign nationals, the hospitality industry is concerned that government's cost-cutting plans will impact the sector negatively as the state plans to cut-back on travel, conferences and catering. Business Day…

27 Sep 2023 10AM 7 min

Listen! Why SOE CEO appointments remain a governance minefield

It's been nearly a year since the resignation of Andre De Ruyter as Eskom CEO but Public Enterprises Minister, Pravin Gordhan has rejected the name put forward by the board for his replacement. The Institute of Directors in South Africa says that this raises complex governance issues. Business Day TV…

27 Sep 2023 10AM 6 min

Listen! The politics of renaming in SA

In tribute to the late struggle veteran Winnie Madikizela-Mandela, Johannesburg's bustling William Nicol Drive has officially been renamed as Winnie Mandela Drive. The move has raised commentary around the cost of such a decision at this time and also highlighted the political significance of such decisions. Business Day TV spoke…

27 Sep 2023 10AM 7 min

Listen! US bonds at highest in 16 years

US treasury yields hit a 16-year high, amid fears that central banks will keep rates higher for longer. Business Day TV discussed the moves playing out in the bond market with RMB's Fixed Income Trader, Michelle Wohlberg.

26 Sep 2023 1PM 6 min

Listen! Business cycle index improves for second straight month

The Reserve Bank’s composite leading business cycle indicator improved for a second straight month in July, supported by an acceleration in the six-month smoothed growth rate of job adverts. Business Day TV spoke to Hugo Pienaar, Chief Economist at the Bureau of Economic Research, for more detail.

26 Sep 2023 12PM 7 min

Listen! Blame game rages on over Burna Boy concert

It was a disappointing long-weekend for Burna Boy fans as the African giant was supposed to perform at the FNB stadium but the event was cancelled due to fraud allegations linked to one of the persons meant to promote the concert. For mor eon the story, Business Day TV spoke…

26 Sep 2023 9AM 9 min

Listen! China eyes investment opportunities in SA

China remains South Africa's largest global trading partner. The East Asian nation in the meantime seeks to deepen business ties with South African businesses moving forward. Business Day TV spoke to Gay Mokoena, SG of the National African Federated Chamber of Commerce for more on this prospect.

22 Sep 2023 9AM 7 min

Listen! SA's worst bird flu outbreak - impact on industry, consumers

South Africa's R59 billion poultry industry is currently facing its worst bird flu outbreak which has already led to an egg shortage in Gauteng. Business Day TV spoke to Abongile Balarane, CEO of the Egg Organisation at the SA Poultry Association for more insight on the potential economic impact of…

22 Sep 2023 9AM 11 min

Listen! RAF amendment bill rattles medical schemes

A proposed draft Bill to amend the Road Accident Fund is causing ripples in the medical insurance sector. Industry experts are concerned about potential hikes in medical aid premiums as insurers rush to address gaps in fund coverage. Business Day TV caught up with Companies & Markets Editor for Business…

22 Sep 2023 9AM 7 min

Listen! MPC stands pat on rates

The South African Reserve Bank has kept the repo rate unchanged at 8.25% for a second meeting running, but it says renewed risks to inflation remain a concern. Business Day TV discussed the decision with Dawie Roodt, Chief Economist at Efficient Group.

21 Sep 2023 1PM 10 min

Listen! Discovery resumes dividend payments

Discovery has resumed annual dividend payouts following solid profit growth. South Africa's largest private health insurer is rewarding shareholders with a dividend of 110 cents, which marks its first payout since the Covid-19 pandemic took hold. Business Day TV unpacked the performance with Discovery CEO Adrian Gore.

21 Sep 2023 11AM 7 min

Listen! VAT Dispute's impact on SA banking and consumers

A major concern in the banking sector is the VAT dispute between Capitec and the South African Revenue Services. It revolves around whether Capitec can deduct VAT on loan insurance payments, a decision Capitec says could impact the banking industry and consumers. Business Day TV spoke to Kokkie Kooyman, Portfolio…

21 Sep 2023 9AM 16 min

Listen! Outlook for Africa amid growing political fragmentation

According to the eight edition of the Africa Risk-Reward Index, Africa's economic activity is expected to pick-up in the next 12 to 18 months. Business Day TV unpacked the index and its findings for Africa's economic prospects with Francois Conradie, Lead Political Economist at Oxford Economics Africa.

21 Sep 2023 9AM 7 min

Listen! Focus on government's debt crisis

National Treasury has revealed that South Africa's budget deficit is the largest it has been in nearly two decades. The state is borrowing R14 billion to keep afloat. Business Day TV discussed the government's debt crisis in greater detail with Gilad Isaacs, Co-Director for the Institute for Economic Justice &…

21 Sep 2023 9AM 9 min

Listen! Upending the narrative of failure in SA

According to the Financial Mail, some South African Business leaders and experts have emphasized the need for immediate interventions to alter the country's trajectory and dispel the narrative of failure. Sim Tshabalala, CEO of Standard Bank, recognizes the long-term nature of the issues, but some argue that immediate actions can…

21 Sep 2023 9AM 7 min

Listen! Rand Water warns of strained water system

Rand Water has warned of a strained water system. The utility says it is observing high water consumption in Johannesburg and Tshwane. despite water restrictions and a call for consumer to cut back. Business Day TV spoke to Sipho Mosai, CEO for Rand Water for more detail.

20 Sep 2023 12PM 10 min

Listen! Retail sales shrink in July

Retail sales are continuing on a downward spiral. In July sales fell for an eighth straight month, falling 1.8%. Business Day TV unpacked the print with Retail Analyst, Alec Abraham.

20 Sep 2023 11AM 8 min

Listen! Focus on the Kenyan economy

Following growth of 4.8% in 2022, Kenya's GDP is expected to grow at 5.5% this year and at an average of 6% over the medium term. This is according to the East African nation's National Treasury Draft Budget Review & Outlook Paper. It also reveals that the fiscal deficit will…

20 Sep 2023 8AM 9 min

Listen! BLSA cautions against SOE shareholding plan

Business Leadership SA (BLSA) has voiced concerns about a proposed shareholding model for state-owned enterprises that has been outlined in the National State Enterprises Draft Bill. The current model suggests that the state would retain majority ownership in SOEs. BLSA, however, suggests an alternative approach where the state holds a…

20 Sep 2023 8AM 8 min