Business News Leaders

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

Value added by construction sector positive in Q1 - ACI

Afrimat's Construction Index for the first quarter points to positive value added by the sector at just over 2% quarter-on-quarter and 4.2% year-on-year, despite the poor performance of the economy over the past two quarters. Business Day TV unpacked the index in greater detail with Independent Economist, Roelof Botha.

22 Jun 2023 9AM 9 min

PBOC cuts key lending rate

The People's Bank of China has cut rates and has lowered its 1-year prime rate by 10 basis points to 3.55%, to boost economic growth. Business Day TV discussed this move in detail with RMB's Forex Trader, Jan Sluis-Cremer.

21 Jun 2023 1PM 5 min

Focus on SA-China relations

China and South Africa established diplomatic relations in 1998 and trade volumes between the countries have increased significantly over the years. Trade volumes in 2021 stood at R544 billion from the R1 billion registered in 1998. Business Day TV unpacked these relations with Consul General of the People's Republic of…

21 Jun 2023 12PM 12 min

Stock Picks - AVI, Libstar and RCL.

On this episode of Stock Picks, Financial Mail's Marc Hasenfuss takes a look at AVI, Libstar and RCL.

21 Jun 2023 9AM 16 min

Focus on race-based water license allocations

Black shareholding in new water use licenses is necessary to address the racial imbalance brought about by South Africa's apartheid past, according to government. Proposed legislation by the Department of Water & Sanitation requires farmers to have a black shareholding of between 25% and 75% to obtain water licenses, depending…

21 Jun 2023 9AM 7 min

Monetary policy in Africa

Decade-high levels of inflation has been identified as one of Africa's most urgent challenges but tackling it can't come at the cost of growth. In light of this, Business Day TV took a look at monetary policy across the continent with Samantha Singh-Jami, Africa Economist at RMB.

21 Jun 2023 8AM 4 min

SA consumer inflation cools to 13-month low

Inflation has eased more than expected in May, falling to 6.3% year-on-year from 6.8% previously. The reading now sits just outside the Reserve Bank's target range of 3% to 6%. So, will today's print encourage the Sarb to halt its hiking cycle? To find out Business Day TV spoke to…

21 Jun 2023 8AM 8 min

Listen! Focus on the new rules for Sars tax disputes

The South African Revenue Services (Sars) has published new rules for taxpayers that want to dispute moves by the taxman. Business Day TV unpacked the changes with SAICA's senior executive for Tax, Pieter Faber.

20 Jun 2023 11AM 7 min

Listen! Why Afrimat sees value in acquiring Lafarge SA

Building materials and mining group Afrimat has announced the acquisition of Lafarge SA. The deal carries a price tag of $6m, but there is also a loan repayment component of the transaction of R900m. To find out why Afrimat sees value in acquiring Lafarge SA, Business Day TV spoke to…

20 Jun 2023 11AM 7 min

Listen! Scrap metal ban extended for six months

Metal infrastructure theft costs the SA economy around R187BN a year. In response, government put a ban on scrap metal exports in November last year and this has now been extended for a further 6-months. Business Day TV spoke to Taffie Chibanguza, COO of SEIFSA about why ending scrap metal…

20 Jun 2023 8AM 7 min

SA won't change foreign policy for trade benefits - Pandor

As the Russia-Ukriane war rages on, SA's government is sticking to its guns on its non-aligned stance. This, despite Agoa being at stake. The preferential trade program gives SA duty-free access for local goods to the US market but America's calls for SA to distance itself from Russia is growing…

20 Jun 2023 7AM 8 min

Unpacking African leaders' Russia-Ukraine peace mission

SA President Cyril Ramaphosa has largely hailed the African leaders' Russia-Ukraine peace mission as historic despite talks not having yielded any tangible results. Over-shadowing the mission is the diplomatic stand-off between South African and Polish officials and an attack on Kyiv while the leaders met. So, at the end of…

20 Jun 2023 7AM 7 min