Business News Leaders

MPC Preview - 20 July 2023

Inflation eased for a second consecutive month in June and prompted many to believe that the Sarb would leave interest rates unchanged at its July meeting while others priced in a hike of 25 basis points. Business Day TV spoke to Andre Cilliers Director & Currency Strategist at Treasury One…

20 Jul 2023 11AM 19 min

Angola's currency woes

Angola's kwanza lost nearly 40% of its value during the first half of this year. The currency is set to be the worst performing on the African continent in 2023. Gerrit van Rooyen, Economist at Oxford Economics Africa joined Business Day TV with his outlook for the Southern African nation's…

20 Jul 2023 11AM 8 min

Household financial resilience declines in Q1

According to the Altron FinTech Household Resilience Index, households are worse off financially than they were during the Covid-19 pandemic as financial resilience fell by 2.4% during the first quarter. Business Day TV unpacked the index in greater detail with Independent Analyst, Roelof Botha.

20 Jul 2023 11AM 8 min

Putin will not attend BRICS summit in SA

Russian President Vladimir Putin will not attend the 15th BRICS summit in person in South Africa next month. The decision safeguards South Africa from breaking its obligations as a signatory of the Rome Statute by not arresting the Russian head of state. Business Day TV spoke to Thando Maeko, Journalist…

20 Jul 2023 11AM 6 min

Unpacking South Africa's energy mix

As South Africa's energy crisis intensifies, calls are growing among experts for a greener energy mix. Business Day TV spoke to Linda Mabhena-Olagunju, the CEO of DLO Energy Resources, for more detail on the wind power space.

19 Jul 2023 1PM 7 min

Crypto chat - The cryptocurrency rally takes a breather

The rally in the crypto market has lost some steam, with Bitcoin trading sideways near the $30,000 mark. Business Day TV caught up with Luno's Christo de Wit and he shared insight on the factors influencing crypto moves.

19 Jul 2023 1PM 7 min

SA's Exchange Traded Product Industry

Exchange Traded Products (ETPs) have seen continued favour among investors on the JSE. The industry has grown 22.5% between December 2022 and June 2023. Mike Brown, Managing Director at eftSA, joined Business Day TV for a breakdown of ETP sector and its performance.

19 Jul 2023 12PM 9 min

Focus on economic reforms & financial developments in Africa

usiness Day TV spoke to Lourens Harmse, Africa Desk Head at RMB for some insight into the financial developments across Africa. These include Nigeria's fuel subsidy removal and its impact on the West African nation's economy and Zambia's debt relief plan.

19 Jul 2023 9AM 10 min

Africa's agribusiness to drive economic development

There are growing concerns about global grain prices due to Russia's decision to not renew the Black Sea Grain Deal, which affects grain movement between Ukraine and Russia. Although South Africa has an adequate domestic grain supply, the potential price shocks will impact consumers and the wheat value chain, considering…

19 Jul 2023 9AM 7 min

CPI cools to 5.4% y/y in June

Inflation has eased to 5.4% year-on-year in June from 6.3% previously. The slowdown was mainly driven by lower food prices during the period. Inflation is now back within the Sarb's target range of 3% to 6% for the first time in 14-months. Business Day TV unpacked the print in greater…

19 Jul 2023 9AM 4 min

Addressing Transnet's coal locomotive issues

Transnet's railway woes are weighing on its operations. The firm has been unable to run at full capacity due to procurement issues with its biggest supplier, China Railway Stock Corporation. Business Day TV caught up with Bonginkosi Mabaso, Chief Commercial Officer at Transnet Freight Rail at the Coal & Energy…

18 Jul 2023 1PM 7 min

Exxaro prepares to shift from fossil fuels

The imposition of sanctions on Russia may have contributed to the reshaping of the global coal market and provided opportunities for new entrants, but conversations around net zero emissions have triggered a shift towards greener energy solutions. Business Day TV spoke to Nombasa Tsengwa, CEO of Exxaro, at the Coal…

18 Jul 2023 1PM 10 min

Reserve bank expected to stand pat on rates

South Africa's central bank is expected to keep rates on hold at its upcoming monetary policy meeting. The bank has raised its benchmark rate by 475 basis points since November 2021, as it has tried to rein in inflation that has been above the 4.5% midpoint of its target range…

18 Jul 2023 1PM 4 min

Nigeria declares state of emergency on food security

Nigeria has declared a state of emergency to improve food security and supply in the West African nation, amid soaring food prices. Business Day TV spoke to Samuel Oyekanmi Nairametrics, macro-economic research analyst at Nairametrics for more detail.

18 Jul 2023 7AM 9 min

Focus on SA's energy transition

The second edition of the Coal & Energy Transition Day has kicked off in Johannesburg, where leaders in that industry discuss issues around South Africa's energy needs. Business Day TV reporter Ntaoleng Lechela attended the event and gave insight into the conversations being had between industry leaders.

18 Jul 2023 7AM 7 min

Energy Crisis: Refurbishment of Koeberg power station

The Minister of Electricity, Kgosientsho Ramokgopa has expressed deep worry over delays in the refurbishment of Koeberg, South Africa's only nuclear power station. He says this project involves replacing all the steam generators in two of its units; each of which generates 920MW of electricity. Ramakgopa says these delays could…

18 Jul 2023 7AM 8 min

Have economists overestimated China's recovery?

China's economy grew 6.3% in the second quarter, below economists' expectations of 7.1%. The performance comes as export demand wanes and as downbeat property prices weigh on growth. Business Day TV unpacked the print with Prescient China's Head of Product, Tian Pan.

17 Jul 2023 12PM 17 min

Trade of the Week

Unum Capital's Loyiso Mpeta provides technical analysis on Dish Network Corporation, Teladoc Inc and Kraft Heinz Co.

17 Jul 2023 8AM 15 min

Africa's relationship with the UN

Africa's relationship with the United Nations began in the 1960s. The partnership is focused on the promotion and protection of human rights, as well as supporting economic and social development on the continent. Business Day TV spoke to Cho Kish Keido, Member of the Global Solutions Programme about the relationship,…

17 Jul 2023 8AM 8 min

MTN takes aim at banks by cancelling transaction fees for digital goods

Mobile operator MTN aims to challenge banks by eliminating fees for digital goods like airtime and electricity. The company hopes to attract more customers to its mobile money platform, capitalizing on the growing demand for alternative financial services. With over 289 million subscribers across Africa and the Middle East, MTN…

17 Jul 2023 7AM 9 min