Business News Leaders

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

Attacks on freight trucks - counting the costs

President Cyril Ramphosa recently described the freight truck attacks as economic sabotage. It's estimated that the damage from the initial incidents amounted to between R18m and R60m and those cost are expected to mount as the situation escalates. For more detail on what this means for the sector and the…

17 Jul 2023 7AM 8 min

PwC's global workforce hopes & fears survey

Recent research conducted by PwC reveals that nearly half of Africa's workforce feels that their skills are not fully utilized, with one-third actively looking for new job opportunities due to financial difficulties. Furthermore, PwC's 2023 Global Workforce Hopes and Fears Survey emphasizes that a significant 84% of African participants now…

14 Jul 2023 8AM 7 min

'Change is the only certainty as 2024 approaches'

UDM leader Bantu Holomisa aims to reignite South Africans' enthusiasm for the upcoming 2024 elections. Holomisa is calling for a powerful coalition between the ANC and the DA, emphasizing the importance of prioritizing people's interests over ideology. Business Day TV spoke to Deputy Editor for Financial Mail Natasha Marrian who…

14 Jul 2023 8AM 7 min

Gauteng on track to establish state-owned bank and pharmaceutical company

The Gauteng provincial government's plans to establish a state-owned bank and pharmaceutical company has received the thumbs up. Business Day Tv caught up with the province's Finance MEC, Jacob Mamabolo for further insight.

13 Jul 2023 1PM 9 min

Can Zanu-PF win the Zim election?

Zimbabweans will be heading to the polls in August, during a climate of intensified economic hardship largely driven by hyperinflation and currency issues. Business Day TV spoke to Louw Nel, Senior Political Analyst at Oxford Economics Africa about Zanu-PF's chances of winning the election amid the current circumstances.

13 Jul 2023 10AM 10 min

ConCourt rules AARTO Act is valid

The Constitutional Court has dismissed OUTA's legal challenge in terms of the validity of the AARTO Act., which means that the demerit system in terms of traffic offences will take effect. The corruption fighting watchdog in the meantime says that government will have a hard time upholding the lawfulness of…

13 Jul 2023 9AM 9 min

Threads becomes the world's fastest growing app

Meta’s new Threads platform has become the world's fastest-growing app after hitting over 100 million users within five days of its launch. Twitter meanwhile has threatened to sue Meta, accusing the firm of hiring former Twitter employees to share trade secrets. Business Day TV spoke to Craig Erlam, Senior Market…

12 Jul 2023 1PM 5 min

Sasol to be prosecuted over gas price gouging

Sasol is to be prosecuted over gas price gouging The Competition Commission says Sasol has been charging excessive prices to its customers for almost a decade. Business Day TV spoke to the competition watchdog's spokesperson, Siya Makunga for more detail on the case.

12 Jul 2023 1PM 7 min

Green Hydrogen: Game changer for energy supply in Africa?

Simon van Wyk, Partner and Director for ESG, Sustainability and Risk Advisory at Deloitte Africa says that green hydrogen could be a game-changer for electricity supply in Africa. Business Day TV spoke to him for greater perspective and insight on energy source and its potential.

12 Jul 2023 10AM 9 min

US awards Eskom R24m grant for transmission grid

Eskom has received a grant of R24m from the US Trade and Development Agency to help finance its transmission network. This assistance will evaluate the feasibility of incorporating new technologies to improve South Africa's transmission grid. The funding marks a significant step towards achieving a more equitable energy transition. Business…

12 Jul 2023 9AM 8 min

SA's water shortage-crisis

For maintenance purposes and to ensure water security, the continent's biggest water utility, Rand Water is undertaking a 58-hour water outage in parts of Johannesburg. The utility has blamed issues related to water availability squarely at the feet of municipal mismanagement and capacity issues. Business Day TV spoke to Jennifer…

12 Jul 2023 9AM 9 min

Local property sector ends Q2 on a sour note

The local property market has taken a knock, with the SA Listed Property Index slipping 7.4% in the second quarter. Business Day TV caught up with MD & CEO of Rode Associates, Erwin Rode for a look at the factors weighing on the industry.

11 Jul 2023 1PM 5 min