Business News Leaders

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

Higher finance costs eat into AECI's earnings

Finance costs weighed on AECI's interim performance, with headline earnings per share increasing only 5%. Business Day Tv unpacked the numbers with CEO Holger Riemensperger.

26 Jul 2023 1PM 7 min

Unpacking Russia's relationship with Africa

49 of Africa's 54 countries will participate in the second Russia-Africa Summit set to kick off tomorrow. Africa's food security will be top of the agenda at the meeting which some dub as a bid for allies. Business Day TV unpacked this with John Stremlau, International Relations Expert from Wits…

26 Jul 2023 8AM 8 min

MTN lands R1.7bn wireless deal with Gauteng government

MTN has secured a R1.7bn contract to provide wireless internet and telecoms services to Gauteng's provincial government. The contract aims to deliver fibre connectivity across government offices & public institutions in the province. However, MTN's previous dealings with the government have faced legal challenges, with a review ordered for a…

26 Jul 2023 8AM 9 min

SAA, Takatso deal take-off ready on watchdog approval

SAA is one step closer to being privatised as the Competition Tribunal has given Takatso Aviation the green light to acquire a 51% stake in the airline on condition that there's a moratorium on retrenchments as well as minority shareholders selling their stake. Business Day TV spoke to Takatso's Thulasizwe…

26 Jul 2023 8AM 7 min

Kumba and Amplats slash dividends after a tough 6-months

Kumba Iron Ore and Anglo American Platinum have both reported double-digit declines in earnings. That's as the miners had to contend with lower metal costs as well as issues at Eskom and Transnet. Business Day Tv unpacked the reports in greater detail with mining analyst, Peter Major from Modern Coporate…

25 Jul 2023 1PM 8 min

Oil trades near 3-month high

Oil prices are hovering near three-month highs. This comes after China unleashed stimulus measures, which are set to boost the economy and drive oil demand. Business Day TV discussed the demand dynamics with Raymond Phillips, Senior Oil Traders at RMB.

25 Jul 2023 1PM 4 min

Zimbabwe's central bank $17bn in arrears

Zimbabwe is unable to access credit from international lenders, as its central bank is already $17 billion in arrears. Business Day TV spoke to Development Economist, Prosper Chitambara for his analysis on what it means for Zimbabwe's economy.

25 Jul 2023 10AM 8 min

VIP Protection unit officers in court with faces masked

In a high-profile case involving Deputy President Paul Mashatile, eight VIP protection officers linked to an assault incident on the N1 had their initial court appearances at the Randburg Magistrates Court. The efforts of the officers to block the media from court proceedings and have their faces covered, failed when…

25 Jul 2023 10AM 7 min

SA's BRICS ties vs. relationship with the West

As South Africa gears up to host the 15th BRICS Summit, Busi Mavuso, CEO of Business Leadership SA warns that the country's relationship with BRICS should not come at the expense of its trade relationship with the West. Business Day TV spoke to her for more detail on her view…

25 Jul 2023 10AM 8 min

SA's manufacturing sector in focus

Income from manufacturing production in South Africa increased by 1.6% in 2021, according to the Statistician-General's recent report on the sector's performance. The publication shows that the diesel fuel and automotive segment maintained the largest product position in both 2017 and 2021. Business Day TV spoke to Philippa Rodseth from…

24 Jul 2023 12PM 9 min

Downbeat metal prices weigh on Anglo American Platinum

Anglo American Platinum has had a tough six months. The miner had to contend with lower metal prices as well as downbeat production. This hit profits with, headline earnings per share declining 71%, which further resulted in the group slashing its dividend by 85% to R12. Business Day Tv unpacked…

24 Jul 2023 12PM 7 min

Trade of the week - Aspen, Tiger Brands and Sasol

On this episode of Trade of the Week, founder of Herenya Capital, Petri Redelinghuys provides technical analysis on Aspen, Tiger Brands and Sasol

24 Jul 2023 9AM 19 min