Business News Leaders

Digital banking in Africa

Half of the African continent remains unbanked. This presents an opportunity for digital banking to grow on the continent given that card payment infrastructure is lacking while mobile phone penetration is higher. Business Day TV spoke to Sisonke Mgwebi, Consultant at Frost & Sullivan for more insight on the rise…

15 Aug 2023 8AM 6 min

Capitec warns of ripples from vat dispute with SARS

Amid a prolonged legal battle, Capitec's bid to deduct the VAT that's tied to its loans and insurance policies is still under SARS' scrutiny. The bank warns that the Constitutional Court's possible verdict of favouring SARS could ripple through the banking sector, affecting credit availability and consumers. Kabelo Khumalo, Business…

15 Aug 2023 8AM 8 min

Unemployment rate down slightly in Q2

South Africa's jobless rate improved slightly in the second quarter, falling to 32.6% from to 32.9% previously as five of the nine sectors monitored by Stats SA recorded employment gains during the period. Business Day TV unpacked the print in greater detail with Independent Economist, Duma Gqubule.

15 Aug 2023 8AM 8 min

MTN delivers a 'solid' interim performance

Despite operating in a tough macroeconomic environment, MTN has delivered a rise in profit. During the interim period Africa's largest mobile operator reported a 7.1% increase in headline earnings per share. Business Day TV caught up with the company's CFO, Tsholo Molefe to discuss the numbers and the recent investment…

14 Aug 2023 12PM 7 min

Absa posts profit despite higher impairments

Absa has posted a near 3% rise in interim profit despite a rise in impairments. Elevated interest rates and higher inflation contributed to a jump in bad debts, with the bank recording a 70% surge in credit card impairments in the six months to end-June. Business Day TV spoke to…

14 Aug 2023 11AM 8 min

Trade of The Week - Woolworths | Richemont | Gold Fields | 14 Aug 2023

Founder of Herenya Capital, Petri Redelinghuys provided tech analysis on Woolworths, Richemont and Gold Fields.

14 Aug 2023 9AM 18 min

Bridging the education gap in Africa

According to UNESCO, 9 million girls between the ages of 6-11 years in Sub-Saharan Africa will never attend school compared to 6 million boys in that age category. Business Day TV spoke to Owen Skae, Director of Rhodes' Business School about bridging the education gap on the continent.

14 Aug 2023 9AM 7 min

Jacob Zuma granted a remission of sentence

Former president Jacob Zuma will not return to prison after he was granted a remission of sentence. The remission sentence that Zuma qualified for is granted to 'low-risk' offenders and was introduced during his presidency in 2012. Business Day TV spoke to Sunday Times Reporter, Unathi Nkanjeni for more detail.

14 Aug 2023 9AM 6 min

Absa's posts slight rise in profit, lifts dividend by 5%

Absa's interim headline earnings per share rose by just 3%, as the lender battled the effects of higher interest rates and inflation which ultimately led to a 60% jump in credit impairments. Despite the performance, the group has upped its interim dividend by 5%. Business Day TV unpacked the performance…

14 Aug 2023 9AM 7 min

Impact of International energy changes on Angola

Angola has some of the biggest untapped oil and gas reserves on the African continent. Ahead of the nation's 2023 Oil & Gas conference, Business Day TV caught up with Devi Paulsen-Abott, CEO of ECP, and the organiser of the event, for more insight on the impact of international

11 Aug 2023 10AM 10 min

Bringing Edgars back to life

Clothing retailer Edgars was a casualty of the pandemic. Retailability however acquired the group during that time and is now betting on e-commerce to help manage the group's turnaround. Business Day TV spoke to Norman Drieselmann, CEO of Retailability for greater perspective on the group's online plans for Edgars and…

11 Aug 2023 10AM 11 min

Slow start to Q3 economic activity

Economic activity declined slightly in July. The freight industry came to a halt as a result of the return of stage 6 load shedding and interruptions in the transportation sector. The monthly BankServ Africa Economic Transactions Index, which dropped to 133 in July from 133.9 in June, reflects these difficulties…

11 Aug 2023 9AM 9 min

CompCom recommends prohibition of Vodacom-Maziv merger

The Competition Commission has recommended against the proposed Vodacom-Maziv merger. The Commission is of the view that the transaction will likely prevent or lessen competition in several markets. Business Day TV unpacked the decision with Competition Commission Principal Analyst, Grusham Mutizwa.

10 Aug 2023 2PM 7 min

Mining and manufacturing sectors end Q2 on a high note

The mining and manufacturing sectors have ended the second quarter on a good note as both industris posted growth in June. On an annual basis, mining production expanded 1.1%, while factory activity rose 5.5%. Business Day TV unpacked the prints with RMB Economist, Siobhan Redford

10 Aug 2023 1PM 5 min

The Big Idea

US-Africa relations have seen changing strategies under various presidential agendas. Barack Obama emphasized African security and development, Donald Trump overlooked Eastern trade ties, and since his presidency, Joe Biden has aimed to revitalize connections with Africa. Business Day TV explored these shifts and evolving power dynamics between US and Africa,…

10 Aug 2023 9AM 18 min

Economic resilience in parts of SSA

The World Bank projects that growth in sub-Saharan Africa (SSA) will slow to 3.1% from nearly 4% last year. Some countries in the region however, are defying the odds on the growth front. Business Day TV spoke to Jacques Nel, Head of Africa Macro at Oxford Economics Africa for more…

10 Aug 2023 9AM 7 min

Key sectors hit as violent taxi strike grips Cape Town

Cape Town continues to face a crippling taxi strike, which is disrupting economic activity. Absenteeism rates have surpassed 50% in vital sectors, according to Cape Chamber of Commerce and Industry. Tensions between the SA National Taxi Council and City of Cape Town have escalated and have elicited calls for urgent…

10 Aug 2023 9AM 7 min

All things DBSA: A year of record profits

State-owned entities are infamous for being loss-making but the Development Bank of Southern Africa (DBSA) is an exception having produced record annual profit of R5.2bn. Business Day TV caught up with the bank's CEO, Boitumelo Mosako for more detail.

10 Aug 2023 9AM 8 min

Identifying potential insolvency risks

Businesses offering trade credit are seeing a rise in insolvencies with factors like load shedding and higher interest rates contributing to the increase. Business Day TV spoke to Frank Knight, CEO Debtsource, about how businesses can manage credit exposure, as well as how to identify potential insolvency risks.

8 Aug 2023 12PM 7 min

Free electricity programme fails to reach most poor households

The South African government's free electricity programme was meant to help 10 million poor households but it has only reached 2.3 million, due to misallocation of funds and poor administration. Business Day TV spoke to Energy Writer Denene Erasmus for more detail.

8 Aug 2023 8AM 6 min