Business News Leaders

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

Listen! Consumer resilience in the face of a tough economy

TransUnion's third quarter Consumer Pulse Study shows that shoppers are optimistic about their financial futures despite higher interest rates and high levels of unemployment. Business Day TV unpacked the print with Weihan Sun, Director of Research and Consulting at TransUnion Africa.

8 Sep 2023 8AM 7 min

Listen! Sanlam posts half-year profit surge

South Africa's largest life insurance group Sanlam has posted a 118% jump in half year headline earnings per share as it benefitted from lower death claims. Business Day TV spoke to Abigail Mukhuba, Financial Director at Sanlam for more insight.

7 Sep 2023 1PM 6 min

Listen! Consumer confidence improves but remains fragile

Perceptions of an improving economic outlook boosted South Africa's consumer confidence in the third quarter. But the reading is still well below the long-running average, signalling a lack of willingness for South African consumers to spend. Business Day TV unpacked that print with FNB Chief Economist, Mamello Matikinca-Ngwenya.

7 Sep 2023 11AM 8 min

Listen! The dire state of SA's municipalities

During a recent briefing to Parliament's Standing Committee on the Auditor-General, it was revealed that in the 2021/2022 financial year, South African municipalities racked up R4.74bn in fruitless and wasteful expenditure. This alarming figure underscores the challenges facing local governments, including inadequate skills, financial constraints, governance issues, and a lack…

7 Sep 2023 9AM 16 min

Listen! Zimbabwe elections: SADC observer mission

Most regional leaders have snubbed President Emmerson Mnangagwa's inauguration this week amid a scathing preliminary report by the SADC observer mission, led by Zambia's former VP Nevers Mumba on the recent polls. Business Day TV spoke to Louw Nel, Senior Political Analyst at Oxford Economics Africa for more insight.

7 Sep 2023 9AM 7 min

Listen! The impact of political events in Zimbabwe on SA

Zimbabwe's recent re-election of President Emmerson Mnangagwa has garnered attention and sparked discussions among citizens. According to reports from the Financial Mail, there is a growing consideration among Zimbabweans to move to South Africa, driven by various factors, including economic challenges in the country. Business Day TV spoke to Financial…

7 Sep 2023 8AM 10 min

Listen! Stage 6 load-shedding, too late for an energy bounce-back?

Last month the Energy Bounce-Back Loan Guarantee Scheme was launched to help ease the impact of load shedding, but South Africa is still in the throes of stage 6 rolling blackouts. So just how effective can we expect this scheme to be? Business Day TV spoke to Willie Cronje, Professor…

7 Sep 2023 8AM 6 min

Listen! The state of the beer economy

According to the BER Price/Income Elasticity study, beer prices have increased more than any other type of categories in the liquor market. Business Day Tv caught up with the CEO of South African Breweries, Richard Rivett-Carnac and unpacked the state of the beer economy.

6 Sep 2023 1PM 9 min