Business News Leaders

There are early signs of improvement at Eskom, says Ramokgopa

Electricity minister Kgosientsho Ramakgopa is confident in the improvements at Eskom. He says the power utility is spending less time on repairing generation breakdowns and devoting more time to the rising levels of planned maintenance outages. These are 'early signs' of improvement at Eskom which have resulted in fewer and…

4 Jul 2023 8AM 8 min

New vehicle sales up despite shrinking consumer disposable income

New Vehicle Sales for June show a year-on-year increase of 14% - the second consecutive month in sales this year. Business Day TV further unpacked the numbers and consumer behaviour in the sector with Ravin Sanjith, Automotive Sector Leader at Deloitte AFrica.

3 Jul 2023 12PM 9 min

Trade of the Week - 03 July 2023

On this episode of Trade of The Week, Unum Capital's Loyiso Mpeta provides technical analysis for Anglo American Platinum, Impala Platinum, Northam Platinum, Royal Bafokeng Platinum and Sibanye-Stillwater.

3 Jul 2023 10AM 16 min

BMW invests R4.2bn to build hybrids in SA

BMW has indicated its confidence in SA. The automotive group will invest R4.2bn in the country to make electric cars at its Rosslyn plant. The move comes at a time when the country is struggling with low levels of confidence as Eskom struggles to supply sustainable power for businesses. Business…

3 Jul 2023 10AM 7 min

Ramaphosa cleared of wrongdoing in Phala Phala farm robbery

The public protector's final report into the 2020 theft at President Cyril Ramaphosa's private farm has been released and the document has stirred up controversy and diverse opinions on the matter. To unpack the detail, Business Day TV spoke to political editor for Business Day, Hajra Omarjee.

3 Jul 2023 10AM 8 min

Absa June PMI at lowest level since mid-2021

For the first time since 2018, all five subcomponents used to calculate the headline Absa PMI are in negative territory and this has led to June's reading sinking deeper into contraction territory. Business Day TV spoke to Miyelani Maluleke, Senior Economist at Absa for more detail.

3 Jul 2023 10AM 6 min

Court throws Zimbabwean Exemption permit holders a lifeline

The High Court has thrown over 178 thousand Zimbabwean Exemption Permit holders a lifeline. The court has declared Home Affairs Minister Aaron Motsoaledi's termination of those permits as unlawful, invalid and unconsitutional. Busienss Day TV took at closer look at the ruling with Christopher Fisher, Senior Legal Researcher at the…

30 Jun 2023 9AM 8 min

BMW invests R4.2bn to build hybrid at Rosslyn plant

The race is on for electric vehicle production. BMW is investing R4.2 billion towards this effort at its Rosslyn plant. The German automaker plans to produce its X3 model as a plug-in hybrid from next year. Business Day TV unpacked the investment with David Furlonger, Editor-at-large for Financial Mail.

30 Jun 2023 9AM 8 min

ANC goes on charm offensive

The ANC has gone on the charm offensive with the U.S. The ruling party concedes that its relationship with the West is important amid Russia asking the country to 'pick a side' in the Russia-Ukraine war. Business Day TV unpacked the politics behind the developments with Political Analyst, Ongama Mtimka.

30 Jun 2023 9AM 11 min

New energy vehicle landscape in SA

Global supply chain disruptions and skepticism from the government have changed the South African Automotive Sector. Business Day TV spoke to Renai Moothilal, the CEO of the National Association of Automotive Component and Allied Manufacturers to unpack investment plans, job opportunities and strategies for the development of New Electric Vehicles.

29 Jun 2023 12PM 9 min

'Can Tiger Brands claw its way back?'

The aristocrat of the South African supermarket sector, Tiger Brands has had a difficult few years, which have been characterized by poor performance, less expensive goods from competitors, growing food inflation, power outages, high interest rates, and logistical snarl-ups. Business Day TV unpacked the brand's performance with Financial Mail's Marc…

29 Jun 2023 10AM 17 min

The Big Idea - How the SBI is working to support small businesses

According to data from the Small Business Institute, in order to surpass the minimal GDP growth criteria, South Africa will need to reassess its strategy for economic growth. With the energy crisis affecting macro and micro enterprises, SMMEs struggling to stay afloat. Business Day TV spoke to the CEO of…

29 Jun 2023 10AM 17 min

Ghana's economic growth surprises to upside in Q1

Ghana's economy grew 4.2% in the first quarter, up for 3.7%. This despite the West African nation battling tough economic headwinds which has pushed it to approach the IMF for support. Business Day TV spoke to Pieter du Preez, Senior Economist at Oxford Economics Africa for his assessment of Ghana's…

29 Jun 2023 10AM 7 min

Consumer confidence plunges to in Q2

Consumer confidence has deteriorated further in the second quarter, falling to -25 index points from -23 points previously. Morale now sits at levels last seen a year ago when the ramifications of the Ruissia-Ukraine war came to light. Business Day TV unpacked the print with Mamello Matikinca-Ngwenya, Chief Economist at…

29 Jun 2023 10AM 8 min

Higher interest rates weigh on Schroder REIT

Schroder European Real Estate Investment Trust had a tough six-months. The European landlord, which had to contend with macroeconomic issues, such as higher interest rates and slowing growth, has recorded lower valuations, with property assets falling 4.6% during the period. Business Day TV unpacked the performance with Jeff O'Dwyer, of…

28 Jun 2023 1PM 8 min

Steep copper concentrate deficit on the cards

The copper concentrate market is under pressure, and a steep deficit is projected between 2025 and 2027. That forecast comes as the mining industry struggles to expand ahead of increased demand. Business Day TV spoke to Seleho Tsatsi from Anchor Capital for more insight.

28 Jun 2023 12PM 7 min

Sustainability in SA's mining sector

South Africa's mining sector is investing heavily in renewable energy, amid the green energy transition. Business Day TV unpacked the industry's sustainability goals, benefits and limitations with Joachim Braun, President for Process Industries at ABB.

28 Jun 2023 11AM 7 min

Mnangagwa seeks second term, promises to revive Zim Economy

As Zimbabwe gears up for elections in August, the economy is half the size it was since the millennium. President Emmerson Mnangagwa meanwhile has promised to revive the economy as part of his campaign for a second term in office. Business Day TV explored Zimbabwe's current economic climate and Mnangagwa's…

28 Jun 2023 9AM 6 min

Economists Question Efficacy Of Covid Grant In Job Creation

Prof Haroon Bhorat, who serves on the Presidential Economic Advisory Committee, has questioned the effectiveness of the social relief of distress grant. He says it has no positive impact on South Africa's labour market and that the government should rather re-direct funds to the informal and the formal sector for…

28 Jun 2023 9AM 8 min

House price growth continues on a downward trajectory - FNB

South Africa's house price growth continued its downward trajectory in May, and dropped to 1.9% from 2.1% in April. According FNB House Price Index, affordability remains a challenge for lower income groups despite that decline. Business Day TV spoke to Siphamandla Mkhwanazi, Senior Economist at FNB for more detail

28 Jun 2023 9AM 9 min