Business News Leaders

Omnia's profit rises despite tough operating environment

Despite challenging trading conditions, Omnia has managed to deliver double-digit profit growth. During the full-year period, the fertilizer and explosives group reported a 24% jump in revenue, while headline earnings per share rose 10%, thanks to upbeat demand and higher commodity prices. Business Day TV unpacked the numbers with company's…

19 Jun 2023 11AM 8 min

Trade of the Week - Domino's Pizza | Charles River Laboratories | Nio Inc

On this episode of Trade of the Week, Unum Capital's Loyiso Mpeta gives his technical analysis of three US counters - Domino's Pizza, Charles River Laboratories and Nio Inc.

19 Jun 2023 8AM 15 min

E-commerce in rural Kenya

eCommerce is growing in Kenya. Currently, 42% of the country's population has access to the internet, but according to Statsita Market Forecast, this is projected to grow to almost 60% by 2026. Pan-African technology group, Jumia is at the forefront of how increased access is reshaping consumer behaviour in rural…

19 Jun 2023 7AM 7 min

Two-pot retirement system in focus

Legislation around new rules pertaining to the two-pot retirement system, which will take effect in March next year, has been published. As it stands, South Africans will be able to cash out a third of their retirement savings throughout their career. Business Day TV discussed the implications of this with…

19 Jun 2023 7AM 13 min

Fed hits pause after 15-months of rate hikes

The Fed has decided to keep rates unchanged at its June meeting and while some traders welcomed the move others were sceptical, warning that this is not the end of the hiking cycle. Business Day TV discussed this in detail with Investment Strategist at Old Mutual Wealth, Izak Odendaal.

15 Jun 2023 12PM 9 min

IMF wants Egypt to make reforms before bailout review

African governments are fighting currency weakness amid elevated levels of inflation. Business Day TV explored the relationship between Africa's forex market and the inflation trajectory in greater detail with Irmgard Erasmus, Senior Financial Economist at Oxford Economics Africa

15 Jun 2023 8AM 6 min

SA's economy at a pivotal point

At a time when South Africa's economy is in tatters, President Cyril Ramaphosa is making his way to Moscow and Kyiv to try resolve the Russia-Ukraine conflict and has left business on home ground to lend government a helping hand. Business Day TV spoke to the Financial Mail's money editor,…

15 Jun 2023 8AM 8 min

Unemployment plagues SA youth

SA's youth find themselves in a difficult situation. Despite having a matric certificate, diploma or degree in hand, securing employment is hard to come by with the youth unemployment rate sitting at 46.5%. President Cyril Ramaphosa's Youth Employment Service (YES) is of the view that developing skills in 'future-proof' sectors…

15 Jun 2023 8AM 9 min

Spar's financial performance during its first half

Spar has been hit by a triple whammy. During the half-year period, the retailer had to contend with increased costs, elevated interest rates and IT related challenges. This resulted in a 30% slump in headline earnings per share. Business Day TV spoke to the company's Executive Chairman and Acting CEO,…

14 Jun 2023 1PM 8 min

National Assembly passes NHI Bill

The National Assembly has approved the National Health Insurance (NHI) Bill. The bill is the first piece of enabling legislation for NHI and will be considered by the National Council of Provinces before landing on the president's desk for his consideration. Business Day TV spoke to Nicholas Crisp, the deputy…

14 Jun 2023 12PM 18 min

Nigeria plans to unify its exchange rates

The unification of Nigeria's exchange rates in the foreign exchange market is imminent, according to President Bola Tinubu. Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for his take on the benefits and challenges that such a move creates.

14 Jun 2023 8AM 6 min

Why the public procurement of renewable energy is in need of an urgent shake-up

The Renewable Independent Power Producer Programme aims to add more megawatts of electricity to the nation's electricity grid through private sector investment in renewable energy sources. Given that South Africa is in the grips of a devastating energy crisis due to the failure of the country's national power utility Eskom,…

14 Jun 2023 7AM 8 min

Analysing Spar's half-year performance

Wholesaler Spar has withheld paying an interim dividend as the firm has struggled with lower sales and declining profitability. Increasing debt has also weighed, particularly as the weakening rand has made the group's foreign borrowings more expensive. To unpack Spar's results, Business Day TV spoke to independent retail analyst, Syd…

14 Jun 2023 7AM 7 min

Telkom slips into the red

Increased competition and costs related to load shedding have knocked Telkom. During the annual period, the company slipped into the red, recording a loss of R9.97 billion. Business Day TV caught up with Irnest Kaplan, telcos analyst from Irnest Kaplan Analysts, and he shared his perspective on Telkom's performance.

13 Jun 2023 1PM 9 min

Mining sector kicks off the second quarter on a good note

The mining sector has staged a recovery, with production increasing 2.3% in April after 14 consecutive months of decline. Business Day TV unpacked the print with RMB Economist Siobhan Redford.

13 Jun 2023 12PM 6 min

Delta feels impact of increasing interest rates

Delta Property Fund has posted a near 70% slump in funds from operations, as it had to contend with rising interest rates, higher finance costs and increased vacancies. Business Day TV spoke to CEO Bongi Masinga for more detail on Delta's annual results.

13 Jun 2023 11AM 9 min

SA's Township Economy

South Africa's townships are seen as ecosystems with economies of their own. Rogerwilco's Township Customer Experience Report points to significant shifts in township consumer behaviour, from shifts in brand affinity to spaza shops repackaging products into smaller sizes and stokvels becoming more tech savvy. Mongezi Mtati, Senior Brand Strategist at…

13 Jun 2023 9AM 9 min

SARS accuses Adidas of tax evasion

The South African Revenue Services announced a judgment against Adidas in 2018 requesting R1.87bn in interest and penalties. The sum reflects what is allegedly the sportswear company's tax avoidance between 2007 and 2013. Adidas has launched its own legal challenge against the SARS ruling since the judgment. Kabelo Khumalo, Companies…

13 Jun 2023 9AM 7 min

Telkom swings to annual loss of R9.97BN

Telkom has swung to an annual loss. An impairment of R13bn, persistent load-shedding, increased competition and the effects of inflation on constrained consumers led to an overall loss of R9.97bn and dividends being suspended indefinitely. Business Day TV unpacked the results with the company's group CEO, Serame Taukobong.

13 Jun 2023 9AM 7 min

Vukile ups total dividend

Vukile Property Fund has had a 'stellar' year. The landlord has managed to reduce vacancies, while delivering a 6.2% increase in its total dividend to 112.4 cents. Business Day TV unpacked its annual performance with the company's CEO, Laurence Rapp.

12 Jun 2023 1PM 7 min