Business News Leaders

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

Parliament says Zondo’s state capture comments ‘inappropriate’

Chief Justice Raymond Zondo has criticised parliament for its failure to protect South Africa from state capture, and the remarks have not been well received. Parliament says it is inappropriate for the chief justice, representing one of the arms of the state, to engage in public attacks on the legislature…

23 Jun 2023 9AM 7 min

Sasol’s sustainable aviation fuel JV with Topsoe

As the world journeys to net-zero emissions by 2050, Sasol is looking towards green energy for future growth. The chemicals and energy group has launched a joint-venture with Topsoe for sustainable aviation fuel production. Business Day TV spoke to Fleetwood Grobler, CEO of Sasol for more detail.

23 Jun 2023 9AM 7 min

Stadio flags a jump in student numbers

Stadio's learner base is expanding. The private education group has noted an 8% rise in student number. The update was released just before shareholders and executives gathered for the annual general meeting, Business Day TV caught up with the company's CFO, Samara Totaram and unpacked some of the issues that…

22 Jun 2023 1PM 9 min

Crypto chat - Bitcoin rallies above $28K

Bitcoin hit its highest level since April this week. This comes after markets cheered the prospects of a bitcoin ETF, which would be backed by investment management company - Blackrock. Business Day TV discussed this in detail with South Africa's country manager at Luno, Christo de Wit.

22 Jun 2023 12PM 6 min

Small Business Non-compliance In SA

Despite non-compliance having very costly consequences for businesses, 72% South Africa's companies do not submit annual returns. Business Day TV spoke to InfoDocs' Founder and CEO, Joshua Alexandre, about how to counter business non-compliance in SA.

22 Jun 2023 11AM 8 min

How the UIF is working to restore its operations

The Covid-19 Temporary Employer and Employee Relief Scheme (TERS), was developed by the UIF to help employers with payroll subsidisation during the lockdown period. The system that was implemented enhanced and alleviated business units, but there have been downsides. Business Day TV spoke to the UIF commissioner Teboho Maruping and…

22 Jun 2023 9AM 13 min

Unpacking Kenya’s new Finance Bill

Kenya’s new Finance Bill has been labelled controversial as it seeks to introduce new taxes while also increasing a number of existing taxes. If the Bill is passed, the concern is that it may worsen the country’s cost of living crisis. Business Day TV unpacked the Bill and its implications…

22 Jun 2023 9AM 8 min

South Africa's dollar millionaires hit the eject button

The number of high net worth South Africans has declined by 1.8% over the past year, mostly due to emigration. According to the Africa Wealth Report, when a country notices a pattern of wealthier people leaving a country, it is often a sign of what may happen to its middle…

22 Jun 2023 9AM 7 min