Business News Leaders

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

Emigration trends and SA growth

Emigration is posing a risk to South Africa's tax system According to the Africa Wealth Report, the number of high-net-worth South Africans with more than $1 million in 'investable wealth' declined by 690 to 37,800, with 400 of them having emigrated in the past year. The exodus has raised concerns…

27 Jun 2023 1PM 9 min

The rand's rollercoaster ride

The past few months have been a rollercoaster ride for the rand as it had to contend with a stronger dollar and geopolitical but the local unit has seen some improvement. Business Day TV caught up with RMB's Forex structurer, Rayno Nigrini for a look at the factors boosting the…

27 Jun 2023 1PM 6 min

Naspers and Prosus' annual earnings plunge

Naspers and Prosus have reported downbeat results, with both firms' earnings slumping over 70% in the annual period. This comes as one of the firms' biggest contributors, Tencent, dealt with pandemic-related lockdowns and regulations in China. Business Day TV unpacked the results with Wealth Manager at PSG Wealth, Schalk Louw.

27 Jun 2023 1PM 9 min

Africa's transshipment hubs potential

According to Frost & Sullivan, international maritime trade totalled just over $3 billion last year and is projected to hit $5.4 trillion in 2026. In order for Africa to benefit from this forecasted upside in the global maritime sector, Nomvo Kasolo from Frost & Sullivan says it's important to tap…

27 Jun 2023 10AM 7 min

Why Poland is still hot property

Growthpoint and Redefine Properties, are the two South African real estate investment trusts that have grown into successful players in Eastern Europe. Despite the region being viewed as a hedge against the weakening rand, South African investors are still warned to consider diversification when entering the EU regions' markets. Business…

27 Jun 2023 9AM 7 min

Total employment fell by 97K y/y in March

Total employment in South Africa edged lower by 1% year-on-year in March. On a quarter-on-quarter basis it pulled back by 0.2% largely driven by job losses in trade while the community services sector was responsible for adding jobs during the period. Business Day TV unpacked the print in greater detail…

27 Jun 2023 9AM 9 min

Invicta weathers tough trading conditions

Invicta has delivered double-digit profit growth, despite the challenging economic environment. During the annual period sustainable headline earnings per share jumped 33%, while revenue increased by 8% to R7.8 billion. This was mainly due to a good showing from its offshore operations. Business Day Tv discussed the numbers in detail…

26 Jun 2023 11AM 7 min

Trade of the Week - Naspers, Platinum stocks and the rand

On this episode of Trade of the Week, Founder of Herenya Capital, Petri Redelinghuys provides a technical analysis on Naspers, Platinum stocks and the rand.

26 Jun 2023 9AM 18 min

The dollar's hegemony in focus

Actions by the United States has caused countries around the world to shift their heads from being reliant on the dollar and has weakened the country's long-standing global supremacy. Business Day TV spoke to the Companies & Markets Editor for Business Day Kabelo Khumalo, for more detail.

26 Jun 2023 9AM 9 min

Smart Cities: future of urban development in Africa

Africa's urban population is expected to triple over the next 50 years with seven out of ten people expected to live in cities by then. Smart cities are being punted as the solution for Africa to address the anticipated increase. Business Day TV explored the idea of smart cities in…

26 Jun 2023 9AM 9 min

PPC's annual loss widens

PPC has slipped deeper in the red. The cement producer's annual headline loss widened to 8 cents from 3 cents previously, while its fiscal loss expanded more than sevenfold to R574 million. Business Day TV unpacked the performance in greater detail with CEO Roland van Wijnen.

26 Jun 2023 9AM 7 min

SA’s World Competitiveness ranking slips

Out of 64 countries surveyed, South Africa’s World Competitiveness ranking dipped to 61 from 60 previously. This according to the latest World Competitiveness Yearbook by IMD. Business Day TV unpacked the decline in greater detail with Leroi Raputsoane, Chief Economist at Productivity SA.

23 Jun 2023 9AM 6 min