Business News Leaders

Business sounds alarm on unemployment levels

The National Development Plan eyes full employment and poverty eradication by 2030 but with South Africa projected to grow by an average annual rate of 0.75%, Business for South Africa says that the joblessness rate will jump to 38.1% by then. The concern has been raised with President Cyril Ramaphosa…

2 Aug 2023 8AM 7 min

CompCom orders e-commerce sites to assist smaller companies

The Competition Commission has enforced new rules for global e-commerce sites, to provide prominence to local businesses and aid the visibility of local app developers. Business Day TV spoke to James Hodge, Chair of the Online Intermediation Platforms Markets Inquiry, for more detail on the CompCom's Online Platforms Market Inquiry…

1 Aug 2023 1PM 9 min

Gold demand dwindles in the second quarter

Gold demand has slowed and slipped 2% in the second quarter, mainly due to slower gold purchases by central banks. Business Day TV discussed this in detail with the World Gold Council's Market Strategist, John Reade.

1 Aug 2023 1PM 6 min

Rand gains in July

The local unit has made gains in July, trading under R18 on the back of lower levels of load shedding and a weaker dollar for most of the month. Business Day TV unpacked the moves playing out in the currency markets with RMB Trader, Quintin Classen.

1 Aug 2023 1PM 5 min

Sharp fall in business activity weighs on Absa PMI

Absa's PMI slipped to 47.3 in July from 47.6 in June. According to the bank, while the decrease is marginal, it does mask substantial changes in some of the major subcomponents like the business activity index, which tanked by almost 11 points. Business Day TV unpacked the print in greater…

1 Aug 2023 10AM 7 min

Court dismisses bid to Interdict Eskom's new grid rules

The Johannesburg high court has dismissed G7 Renewable Energies' application to interdict Eskom from implementing the interim grid capacity allocation rules it published in June. Business Day TV spoke to Business Day's Energy writer Denene Erasmus, for more detail.

1 Aug 2023 9AM 7 min

Brent on track for biggest monthly gains

Oil is on track to end July on a good note. That's as prices are on course for the biggest monthly gains in over a year on the back of Chinese stimulus and expectations that OPEC will continue output cuts. Business Day T unpacked the moves playing out in the…

31 Jul 2023 11AM 9 min

Trade of the Week - JSE All Share Index, Capitec and Multichoice.

Petri Redelinghuys, Founder of Herenya Capital, provides technical analysis on the JSE All Share Index, Capitec and Multichoice.

31 Jul 2023 8AM 16 min

Funding Africa's climate action plans

ccording to PwC, Africa needs to spend 10% of its Gross domestic product (GDP) on implementing climate action plans until 2030. Business Day TV spoke to Nasreen Mosam, International Development Leader for PwC Southern Africa for greater perspective on the kind of financing required for Sub Saharan-Africa's climate actions.

31 Jul 2023 8AM 8 min

Is the government set to repeat past mistakes at Eskom?

In her article, Editor-At-Large for Business Day Hilary Joffe discusses the contentious debate around Eskom's Komati, Grootvlei, and Camden power stations. She writes that the return to service project, initially a short-term fix, has become a lasting political issue, raising concerns about potential repeated mistakes. Business Day TV delved deeper…

31 Jul 2023 8AM 9 min

Upgrading South Africa's power grid

South Africa's government plans to end load-shedding by December. The state has an energy action plan in place to reach this target and has launched an Energy One Stop Shop, along with an Energy Resilience Fund to address SA's energy needs. Business Day TV spoke to Chris Yelland, Energy Analyst…

31 Jul 2023 8AM 7 min

Africa's cannabis market - in for high times?

The African Cannabis Report projects that Africa's legal cannabis market will have a growth rate of over 28% by 2026. Business Day TV explored Africa's cannabis market's potential in greater detail with Brian Van Rooyen, CEO of JSE listed cannabis group, Labat Africa.

28 Jul 2023 8AM 7 min

2023 rugby world cup preview

South Africa's national rugby team, the Springboks, are gearing up to face Argentina at Ellis Park in their last home test before the World Cup. The match is scheduled for tomorrow at 17:00. Tickets are available for purchase to secure a spot in the 62,000-seat stadium. The organizers are determined…

28 Jul 2023 8AM 9 min

Govt sued over SRD grant exclusion

Institute for Economic Justice and Pay The Grants are suing government. The civil society organisations want the state to increase the R350 Social Relief of Distress Grant and extend its eligibility criteria. Business Day TV unpacked the issues at hand in greater detail with Neil Coleman, Co-Founder & Senior Policy…

28 Jul 2023 7AM 7 min

Spur acquires 60% stake in Doppio Zero

Spur is eying growth opportunities, and has acquired the majority stake in Doppio Zero. The comes as the JSE-listed restaurant group looks to expand its daytime dinning offering. Business Day TV caught up with company's CEO, Val Nichas to unpack the merits of the deal

27 Jul 2023 12PM 9 min

The Big Idea - The role of civil society organizations in SA's economy and democracy

In South Africa, amidst economic and political challenges, the coordination between civil society organizations, civil society itself, and the government appears out of sync. While CSOs play a vital role in guiding implementation, research agendas, and combatting misinformation, effective collaboration appears to be impacted by a lack of coordination between…

27 Jul 2023 10AM 19 min

Algeria and Egypt eye BRICS membership

Algeria and Egypt want to be part of BRICS. Algeria is able to offer the New Development Bank close to $2 billion upon admission while the bloc's plans around a gold-backed currency has prompted Egypt to request membership. Business Day TV spoke to François Conradie, Lead Political Economist at Oxford…

27 Jul 2023 10AM 7 min

Executive Education: business schools in focus

Business schools in South Africa are facing challenges in equipping students to navigate perpetual regional and global crises, especially in the aftermath of the Covid-19 pandemic. Business Day TV spoke to Financial Mail's David Furlonger who shared greater perspective on the topic.

27 Jul 2023 10AM 8 min

ArcelorMittal SA swings to H1 loss

ArcelorMittal SA has sunk into the red. The steel giant has produced a loss of R359 billion during its interim period, as the group battled various headwinds which include weaker demand, higher input costs, lower international prices and logistics challenges related to Transnet and load-shedding. Business Day TV unpacked the…

27 Jul 2023 10AM 8 min

Unlocking SA’s technology investment potential

Tech-enabled businesses have represented exciting growth opportunities for investors and tech startups continue to show year-on-year growth in funding across the continent. Business Day TV unpacked South Africa's technology investment potential with Nchaupe Khaole, Chief Investment Officer at Mineworkers Investment Company.

26 Jul 2023 1PM 9 min