Business News Leaders

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

Fitch downgrades Kenya's credit rating to negative

Pre-pandemic, Kenya was positioned to be one of the top performing economies in the world. The IMF also suggested this earlier this year but things have taken a dramatic turn. On account of worsening macroeconomic conditions, ratings agency Fitch downgraded Kenya's credit rating to negative from stable. Business Day TV…

24 Jul 2023 9AM 7 min

EFF Gauteng tie-up on the ropes

ANC Chair Panyaza Lesufi is battling to retain power, facing legal challenges to his slim victory and overwhelming demand for limited youth employment spots. Moreover, the ANC's national leadership is re-assessing their alliance with the EFF, potentially endangering their political control in the region. To unpack the politics of it…

24 Jul 2023 9AM 8 min

Govt to go to court to keep vaccine contracts secret

The Department of Health is hell-bent on keeping the vaccine contracts that it signed with pharmaceutical manufacturers during the pandemic a secret. Government will head to court to try and keep this detail under wraps amid expired vaccines possibly costing the country R3.9bn. Business Day TV spoke to Alex van…

24 Jul 2023 8AM 8 min

Assessing economic transformation in SA

BEE is scornfully referred to as a tick box exercise. The Sanlam 2023 Transformation Gauge has affirmed this with its finding that BEE scorecards are not reflective of true transformation on the ground. Business Day TV spoke to Business Times Reporter, Dineo Faku, about economic transformation in South Africa in…

21 Jul 2023 9AM 8 min

Outlook on Africa's insurance industry

Katlego Thaba, Associate Director for Actuarial Insurance Solutions at Deloitte Africa joined Business Day TV to unpack Deloitte's annual insurance industry outlook which outlines trends and developments in the sector.

21 Jul 2023 9AM 8 min

Barbie at the box office: counting the cost

Bringing Barbie to life in a movie has cost $145 million. The film is expected to bag between $80-$100 million in its opening alone. Business Day TV tallied the cost of making the movie with Zaid Kriel, Executive Editor of leading video game and entertainment website, IGN Africa.

21 Jul 2023 8AM 9 min

Reserve Bank maintains repo rate at 8.25%

The Reserve Bank's kept the repo rate unchanged at 8.25%, for the first since late 2021. Reserve Bank governor Lesetja Kganyago says this was not the end of the hiking cycle. Business Day TV unpacked the decision with Dawie Roodt, Chief Economist at Efficient Group.

20 Jul 2023 2PM 10 min

Karooooo delivers 'solid' growth in the first quarter

Karooooo has continued to deliver upbeat subscriber growth. During the first quarter subscribers grew 14% which boosted revenue, which came in 24% higher. Business Day Tv unpacked the numbers with the company's CEO, Zak Calisto.

20 Jul 2023 1PM 7 min