Business News Leaders

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

Factory activity jumps in Maya

Manufacturing activity has increased in May. Output jumped by 2.5%, mainly due to an uptick in production from manufacturers of motor vehicle, parts and other transport equipment as well as basic iron and steel. Business Day TV unpacked the print with RMB economist, Siobhan Redford

11 Jul 2023 12PM 6 min

Inflation trends in sub-Saharan Africa

Global inflation is starting to show signs of easing. Many African countries in the meantime still have some of the highest inflation rates in the world. Business Day TV explored inflation trends in sub-Saharan Africa with Ridle Markus, SSA macroeconomist at Absa CIB.

11 Jul 2023 8AM 8 min

High Court orders SAPO's Business Rescue

The Post Office has been placed under business rescue despite provisional liquidators for the entity pointing out that it may not be the best option to save the group. A High Court Judge also highlighted that liquidating the SOE may have far reaching consequences for the entire economy. Business Day…

11 Jul 2023 8AM 7 min

Postbank stands to lose R3.5bn as post office pleads for business rescue

The Post Office has entered business rescue, resulting in substantial financial losses of around R4bn and the potential loss of 7,000 jobs within its subsidiary, Postbank. Adding to the bleak situation, the group's deposits, totalling just over R8bn, lacks legal protection. Moreover, doubts persist regarding Postbank's eligibility as a fully-fledged…

11 Jul 2023 8AM 8 min

SAB intensifies localisation efforts

South African Breweries has intensified its localisation push, saying it believes that investing and forming partnerships with SMMEs is critical to SA's economy. Business Day TV spoke to SAB's CEO Richard Rivett-Carnac about some of the group's initiatives.

10 Jul 2023 1PM 7 min

Using free trade to solve Africa's energy crisis

Africa is experiencing an energy crisis and with the Africa Free Trade Agreement eliminating tariffs on most goods, Mervyn Naidoo, CEO of electric equipment supplier ACTOM and Chair of the Manufacturing Circle says we can solve the energy woes using free trade. Business Day TV spoke to him for more…

10 Jul 2023 8AM 9 min

Rethinking transportation in SA

Minibus taxis remain the main mode of transport in South Africa. The railway network in the meantime is on the brink of collapse while the country eyes new high-speed trains. In the meantime, the 41st annual South African Transport Conference is underway looking at rethinking transportation locally. Business Day TV…

10 Jul 2023 8AM 6 min

'Mashatile's security highlights the culture of impunity within SA'

According to the Financial Mail, the use of blue lights on vehicles by politicians and VIPs has come to symbolize the abuse of power and disregard for the law in South Africa, and this is echoed by a video showing members of Deputy President Paul Mashatile's security team brutally assaulting…

7 Jul 2023 9AM 10 min