Business News Leaders

Crypto chat - Bitcoin retreats under $30K mark

Cryptocurrencies are trading on the backfoot, with Bitcoin falling under the $30,000 mark. This comes as traders digest the US CPI print and a court judgement that allowed bankrupt exchange FTX to sell its crypto assets. Business Day TV discussed these moves with Luno's South Africa Country Manager, Christo de…

14 Sep 2023 1PM 4 min

Listen! ARC Investments boosts portfolio value

African Rainbow Capital Investments has weathered tough economic conditions. During the annual period the group reported a near 16% increase in its intrinsic net asset value per share as its investee companies performed well. Business Day TV spoke to the company's Co-CEO, Johan van der Merwe for more detail.

14 Sep 2023 12PM 8 min

Listen! FirstRand delivers profit bump

Despite rising bad debts, FirstRand has managed to deliver a jump in earnings. During the annual period the lender reported an 11% rise in basic headline earnings per share as it benefitted from higher interest rates. Business Day TV discussed the numbers in greater detail with CEO, Alan Pullinger.

14 Sep 2023 11AM 7 min

Listen! SA'S municipality crisis reforms

In light of a recent report that South African municipalities spent R4.74bn on fruitless and wasteful expenditure during the 2021-2022 fiscal year, Business Day TV spoke with Group Chief Advisor for Ntiyiso Consulting, Miyelani Holeni and Research Professor at Wits University, Mike Muller about how municipalities can transition to effective…

14 Sep 2023 9AM 17 min

Listen! Metair boasts 31% jump in H1 revenue

Stronger OEM vehicle production has given Metair a boost. As a result, the automotive and energy storage group has posted a 31% jump in half-year revenue and a more than doubling in operating profit. Headline earnings per share however declined by 9%. Business Day TV spoke unpacked the performance with…

14 Sep 2023 9AM 4 min

Listen! Growthpoint warns of tough times ahead

Growthpoint has recorded tepid annual growth. South Africa's largest listed REIT has reported a 1.3% increase in distributable income and upped its dividend by a similar margin. Moving forward Growthpoint has raised concerns about the state of South Africa's economy, warning of a slump in distributable income if circumstances remain…

13 Sep 2023 12PM 9 min

Listen! Momentum Metropolitan's normalised headline earnings reach new high

Momentum Metropolitan's normalised headline earnings have hit a new high and exceeded a strategic target of R5 billion. The group says while its earnings outlook has improved, recent pressure on sales volumes is a concern. Business Day TV spoke to Momentum CEO Jeanette Marais for more detail.

13 Sep 2023 11AM 8 min

Listen! BankservAfrica Economic Transactions Index slipped in August

Depressed business and consumer confidence levels have led to the BanservAfrica Economic Transactions Index (BETI) slipping in August. The BETI fell to 134 points from 135.6 points previously, but on an annual basis it is up nearly 2%. Business Day TV discussed the data with Independent Economist, Elize Kruger.

13 Sep 2023 10AM 9 min

Listen! Construction activity increases in Q2

Activity in the construction sector has increased. The Afrimat Construction Index improved to a level of 115.4 in the second quarter, from 109.1 in the prior three months. The expansion was underpinned by eight of the nine constituent indicators of the index recording real growth rates during the period. Business…

13 Sep 2023 10AM 7 min

Listen! Rand in focus as markets await US inflation data

The rand has crossed the R19 mark to the dollar again, as investors remain cautious ahead of the US inflation print. The data is expected to shed light on the Federal Reserve's interest rate path. Business Day TV spoke to RMB's Head of FX Execution Matete Thulare for more insight.

12 Sep 2023 12PM 6 min

Listen! Libstar's half-year earnings plunge

Libstar has posted a near 45% drop in interim normalised headline earnings per share amid a tough economic environment. The firm, whose brands include Lancewood cheeses and Denny mushrooms, has warned that the tough market conditions will continue to affect consumers in the second half of 2023. Business Day TV…

12 Sep 2023 11AM 7 min

Listen! ACSA eyes profitability as losses narrow

Airports Company SA has delivered an improved annual performance. The group has posted a 55% jump in revenue, and has narrowed its loss for the year to R143 million rand from R1 billion previously. Business Day T unpacked the results with CEO Mpumi Mpofu, who says the results reflect ACSA's…

12 Sep 2023 11AM 9 min

Listen! SA's political landscape: National Assembly fires Mkhwebane

suspended public protector, Busisiwe Mkhwebane's term in office has been cut short - with no benefits! This as MPs for the first time in South Africa's democratic history voted to remove a Chapter 9 institution head. Political Analyst & Professor, Susan Booysen joins us with her take on what's played…

12 Sep 2023 9AM 8 min

Listen! The IMF's assessment of Senegal's economy

The International Monetary Fund has concluded an assessment of economic developments in Senegal where growth and the 2024 draft budget was in focus. Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for more insight.

12 Sep 2023 9AM 8 min

Listen! DA begins court challenge over load-shedding crisis

The Democratic Alliance (DA) is taking on two major challenges in court this week. The opposition party is firstly challenging the National Energy Regulator of SA's tariff increase of over 30% for the next two financial years and it's also pushing for the government's response to the electricity crisis to…

12 Sep 2023 9AM 7 min

Listen! Sun International benefits from recovery in business travel

Sun International has posted an 11.7% rise in interim income, with growth across all its operations as it benefited from a recovery in business travel. Business Day TV spoke to Sun International's CEO, Anthony Leeming, to unpack the performance and the group's outlook.

11 Sep 2023 12PM 6 min

Listen! African Union joins G20

The African Union has been made a permanent member of the G20. This marks the first expansion of the bloc since its inception in 1999. The inclusion should give the AU the same status as the EU which is currently the only regional bloc with full membership. Business Day TV…

11 Sep 2023 8AM 12 min

Listen! Global lenders offer billions in loans for Eskom grid expansion

By 2030, power utility Eskom will need to have invested at least R210bn to expand its transmission grid. This may be possible as international lenders have come forward offering multibillion-rand loans. But what's the catch? Business Day TV posed this question to Independent Energy Analyst, Tshepo Kgadima.

11 Sep 2023 8AM 11 min

Trade of the week - Thungela, Mr Price and FirstRand

Herenya Capital founder, Petri Redelinghuys provides technical analysis on Thungela, Mr Price and FirstRand.

11 Sep 2023 8AM 18 min

Listen! Joburg fire: chronicle of 77 deaths foretold

Former Johannesburg Mayor Herman Mashaba in the wake of a devastating fire at 80 Albert Street, has raised pressing questions about the necessity of a commission of inquiry give that this is not the first tragedy of this nature in the city and the challenges are well known by officials…

8 Sep 2023 8AM 8 min