Business News Leaders

Eskom juggles options for municipalities that can't pay their bills

Amidst the flow of funds from the Treasury to fulfil Eskom's R254bn debt relief plan, a looming challenge lies in the escalation of outstanding debt owed by local municipalities; threatening the power utilities' financial stability. Business Day TV spoke to energy writer for Business Day, Denene Erasmus for more detail.

28 Aug 2023 8AM 9 min

AI's role in shaping the global and local economy

The Southern Africa Telecommunication Networks and Applications Conference, known as SATNAC is underway with industry giants and innovators gathered to focus on some of the latest developments in the global ICT space and right now it's all about Artificial Intelligence. To discuss the topic in detail, Business Day TV spoke…

28 Aug 2023 8AM 9 min

BRICS: SA positions itself as gateway to Africa

The African Continental Free Trade Agreement has been lauded as the biggest free trade accord in the world. The agreement aims to boost intra-Africa trade by 60% as of next year. Unlocking trade and investment was a key focus at the 15th BRICS Summit this week. Business Day TV caught…

25 Aug 2023 9AM 5 min

BRICS Post-mortem

The BRICS bloc of developing nations has concluded its 15th summit. Business Day TV spoke with reporter Ntaoleng Lechela and explored some of the pivotal discussions held at the summit this included a look at the bloc's expansion plans, currency shifts, and collaborative efforts toward a more inclusive global economy.

25 Aug 2023 9AM 7 min

Strong demand for logistics solutions boost Grindrod

Grindrod has posted a 26% jump in interim core headline earnings as strong demand for logistics solutions offered a boost. The group saw its Maputo port increasing volumes by 30% during the period while its Mozambique dry-bulk terminals in Maputo grew volumes by 17%. Business Day TV unpacked the performance…

25 Aug 2023 9AM 7 min

Listen! Outlook for Africa's commodities market

Growth in Africa's key commodities came under pressure this year amid heightened geopolitical frictions and China's slow post-Covid recovery but the outlook has brightened with world growth set to pick ups and as supply chain and energy bottlenecks ease. Business Day TV discussed the outlook for Africa's commodities market with…

24 Aug 2023 1PM 6 min

Listen! Employment initiatives in SA

Unemployment in South Africa is at a staggering 32.6%, casting a spotlight on the urgent need for effective employment strategies. This reality compels us to hold a magnifying glass to the essential components of successful employment programs as well as examine the role of government and the private sector partnerships…

24 Aug 2023 8AM 18 min

Listen! Outlook for cocoa prices

Cocoa prices are soaring and while this is bad news for chocolate makers, the outcome for cocoa producers is sweet. Leeuwner Esterhuysen, Economist at Oxford Economics Africa discusse dhis outlook for the cocoa market and what this means for West Africa given that the region grows 70% of the world's…

24 Aug 2023 8AM 8 min

Listen! Betting on SA's grand hotel recovery

Amidst the aftermath of the pandemic, South Africa's tourism sector is experiencing a revival. Club Med plans to build its first South African resort in KwaZulu-Natal. The move is being taken as a signal for renewed investor interest in local travel and tourism. The decision also comes despite challenges like…

24 Aug 2023 8AM 7 min

Listen! Unpacking SA's relationship with China

With the BRICS summit underway, the spotlight has been put on relations between China and South Africa. Business Day TV reporter, Ntaoleng Lechela unpacked this in more detail in this report.

24 Aug 2023 7AM 2 min

Listen! BRICS day 2 programme kicks off at SA's JSE

Day 2 of the 15th BRICS Summit kicked off at the JSE, with a focus on the role of capital markets in driving sustainable economic growth. Business Day TV reporter Ntaoleng Lechela, spoke to Gauteng MEC for Economic Development, Tasneem Motara on the sidelines of the Summit.

23 Aug 2023 1PM 7 min

Listen! Sasol lowers dividend after R37bn asset writedown

Sasol has posted a 65% slide in earnings before interest and tax and has lowered its final dividend by 32%. The energy and chemicals business had to shoulder asset writedowns during its annual period, and had to contend with a softer brent crude oil price. Business Day TV unpacked the…

23 Aug 2023 1PM 8 min

Listen! DRDGold's annual results shine despite less output

Tailings retreatment group, DRDGold has produced a 13% rise in headline earnings per share thanks to a higher gold price which helped offset a fall in output and sales. Business Day TV dug into the performance with the company's CEO, Niel Pretorius.

23 Aug 2023 10AM 7 min

Listen! 15th BRICS Summit is underway

With the 15th BRICS Summit underway, Business Day TV reporter, Ntaoleng Lechela provides an update on the ongoing events at the conference.

23 Aug 2023 10AM 2 min

Listen! BRICS 15th Summit in focus

We look closely at the ongoing 15th BRICS Summit and its role in driving global progress for member nations and emerging markets with Editor at Large for Business Day, Hilary Joffe. She spoke to Business Day TV about the potential for new BRICS members, trade and investment prospects, the de-dollarization…

23 Aug 2023 9AM 6 min

Listen! Spur posts profit bump

Spur has posted an 80% jump in annual earnings per share. The restaurant group says growth was supported by its resilient business model. Business Day TV discussed the performance with CEO Val Nichas.

22 Aug 2023 12PM 8 min

Listen! Assessing Nigeria's price pressures

Nigeria's inflation sat at an 18-year high of 24.1% in July, largely driven by food and transport increases. Citizens have taken to the streets in protest against the cost-of-living crisis which has been exacerbated by the removal of the fuel subsidy. Business Day assessed Nigeria's price pressures in greater detail…

22 Aug 2023 8AM 7 min

Listen! BRICS: State of SA's manufacturing sector

Hot on the heels of the 15th BRICS Summit President Ramaphosa announced that South Africa's load-shedding woes will end next year. The BRICS Bank in the meantime has committed to assist South Africa with its energy crisis. Mamiki Matlawa, Business Development Executive of ACTOM, a supplier of electrical equipment, is…

22 Aug 2023 8AM 7 min

Listen! BLSA Slams electricity bill delay as 'appalling'

Business Leadership South Africa (BLSA) has slammed the delay of the Electricity Regulation Amendment Bill. BLSA says the bill, which is facing administrative hurdles after gaining cabinet approval in March, is central to the joint efforts of business and government to solve the electricity crisis. Business Day TV spoke with…

22 Aug 2023 8AM 6 min

Listen! Thungela Resources cuts interim dividend as profits fall

Downbeat coal prices and rail issues have hit Thungela Resources. During the interim period the miner reported a 67% plunge in headline earnings per share, this resulted in an 83% decline in its dividend. Business Day TV unpacked the company's half-year performance report with CEO, July Ndlovu.

21 Aug 2023 12PM 6 min