Business News Leaders

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

Alexforbes posts profit bump

Alexforbes has delivered 44% jump in annual headline earnings per share from total operations. The financial services group says the performance demonstrates the resilience of the business under persistently challenging operating conditions. Business Day TV spoke to CEO Dawie de Villiers for more detail.

12 Jun 2023 12PM 9 min

Trade of the Week - AngloGold, Gold Fields and Naspers.

On this episode of Trade of The Week, Founder of Herenya Capital, Petri Redelinghuys provides a tech-analysis of AngloGold, Gold Fields and Naspers.

12 Jun 2023 9AM 18 min

Upside of Naira shortage: evolution of Nigeria's payments landscape

Nigeria's Naira shortage has given rise to the evolution of West Africa's digital payments landscape. Just below 40% of Nigerian's have access to bank accounts while mobile penetration sits at 117%. Fintech companies are therefore becoming increasingly important in driving cashless payments in the region. Business Day TV spoke to…

12 Jun 2023 8AM 7 min

Focus on Africa CEO summit

At a time where the frequency of global crises is increasing, building independent, robust, and thriving economies is the African continent's priority. This was the focus of the Africa CEO summit. Business Day's Economics Witer Thuletho Zwane attended the event and spoke to Business Day TV about what African leaders…

12 Jun 2023 8AM 8 min

Sirius Real Estate's future plans

Debt capital markets are favouring Sirius Real Estate at the moment as the owner and operator of branded business and industrial parks in Germany and the UK has already completed early refinancing of its next major debt. So, what are the firm's plans moving forward? Business Day TV sat down…

12 Jun 2023 8AM 9 min

SA's plan to build skills needed for future jobs

As technology advances, the world of work is rapidly changing and up to 70% of current jobs are at risk in the evolution. Business Day TV spoke to Sherrie Donaldson, BRICS Business Council Skills Development Working Group member and Project Director of the Atlas Project for greater perspective on the…

9 Jun 2023 9AM 9 min

Shaping the future of SA's business landscape

Business leaders gathered for the ninth iteration of The Directors Event,dubbed SA's biggest board meeting, to impart insights and solutions to the problems that South African businesses are confronted with. Business Day TV's reporter Ntaoleng Lechela, provided detail regarding the key take-aways.

9 Jun 2023 9AM 6 min

Energy crisis tops agenda at Directors event

South Africa's energy crisis was in the focus at the ninth annual Directors Even, business leaders gather to share insights and explore solutions to the challenges faced by businesses in the country. Business Day TV spoke to Busi Mavuso, CEO of Business Leadership SA joined us to explore power-related challenges…

9 Jun 2023 9AM 12 min