Business News Leaders

Improving Africa's water resilience

As South Africa battles cholera related deaths, we are reminded that as the continent's urban population expands rapidly, African cities need to protect their water supply. The World Bank estimates that more than 300 million Africans do not have access to clean drinking water with a further 800 million lacking…

30 May 2023 8AM 9 min

Why news around Telkom has generated so much excitement

Telkom's share price has jumped on news that former CEO Sipho Maseko, together with a group of investors, is making a move to take a large chunk of equity in the telecom operator. To unpack the detail around the story, Business Day TV spoke to Business Day writer, Mudiwa Gavaza.

30 May 2023 8AM 7 min

Load-shedding costs bite into Tiger Brands' earnings

Tiger Brands has posted a 16% rise in revenue but the gains didn't filter down to the bottom line as operating costs ate into profits. That's as the cost of load-shedding grew more than sixfold during the period. Business Day TV spoke to the group's CEO Noel Doyle about the…

30 May 2023 7AM 7 min

Adcorp posts first annual revenue growth since 2016

Adcorp has posted a near 7% rise in revenue from continuing operations. This marks its first year of annual revenue growth since the 2016 financial year. Business Day TV spoke to CEO John Wentzel for more detail on the company's performance.

29 May 2023 2PM 8 min

Zeda shrugs off tough trading conditions

Zeda has reported double-digit revenue growth of 20% jump, while headline earnings per share rose 3.8%. This was largely due to an increased demand in the inbound tourism market and corporate travel. Business Day TV unpacked the six months that was the company's CEO Ramasela Ganda.

29 May 2023 11AM 6 min

Trade of the Week

Petri Redelinghuys, Founder of Herenya Capital, provides technical analysis on Sibanye-Stillwater, Naspers and Aspen.

29 May 2023 9AM 17 min

Africa’s growth to rebound to 4% in 2023 – AfDB

Africa’s growth is expected to outpace global growth this year, despite multiple economic shocks. The African Development Bank projects that the continent’s GDP will advance by 4% against global growth estimates of 2.8%. Business Day TV unpacked the forecast with Ridle Markus, SSA Macroeconomist at Absa CIB.

29 May 2023 9AM 8 min

Elections 2024 : DA-IFP pact in focus

The general election in 2024 is expected to feature fresh relations between parties and shared objectives, like the ousting of a political party. The possible formation of a DA-IFP coalition in KwaZulu-Natal is an example of what could emerge. Natasha Marrian, the deputy editor of Financial Mail discussed what an…

29 May 2023 9AM 9 min

Retailers fear repeat of July 2021 riots

South Africa's Consumer Goods Council, which represents the biggest food retailers in the country, says the government is taking food security for granted and that this could lead to a repeat of the riots that took place in July 2021. Business Day TV spoke to Zinhle Tyikwe, CEO of the…

29 May 2023 9AM 8 min

BRICS and AfCTA: Creating Business Opportunities

The African Continental Free Trade Area agreement is lauded as the biggest free trade accord in the world while BRICS has the potential to open other key markets for the continent. Business Day TV explored the power of this collaboration for Africa with renowned researcher, Petrus de Kock.

26 May 2023 10AM 9 min

Key Ramaphosa allies return from Russia, Ukraine security meetings

South Africa's recent trip to Russia came amid rising tensions between the U.S and SA. Escalations were followed by the US accusing Pretoria of providing weapons to Russia in the country's invasion of Ukraine. To unpack SA and Russia's recent security meeting and the impact it could have on SA/US…

26 May 2023 9AM 7 min

Quantum Foods reports 82% plunge in H1 HEPS

It has been a tough first half for Quantum Foods as the poultry producer was hit by a triple whammy of high feed raw material costs, the damaging impact of load-shedding and an inability to recover higher production costs. These factors led to an 82% drop in headline earnings per…

26 May 2023 9AM 12 min

Life Healthcare's profit dips

Life Healthcare has posted a near 13% rise in interim revenue, but this did not filter through to its bottom line, as net profit slipped 8.2%.. During its reporting period, the private hospital operator had to contend with an impairment to goodwill within the UK-based Alliance Medical Group; an interest…

25 May 2023 1PM 7 min

Southern Sun swings to profit

Southern Sun is back in the black. The hotel group has delivered annual profit of over R1 billion from a loss of R156 million previously, as it benefitted from a recovery in the travel and tourism industry. Business Day TV unpacked the performance with CEO Marcel von Aulock.

25 May 2023 1PM 6 min

Africa's median liquidity risk score falls by 10% in Q2 - report

ccess to external liquidity is a growing challenge across the African continent, according to Oxford Economics Africa's second quarter risk report. The data highlights that the continent's median liquidity risk score fell by 10% during the period, worsening existing forex constraints while jeopardising profit repatriation and the funding of imports…

25 May 2023 9AM 8 min

Is SA's motor sector stuck in the ice age?

Whilst some countries are in the process of transitioning away from internal combustion engine vehicles, South Africa is running the risk of being left behind. Government policies are crucial in transitioning to new energy vehicles and players in the sector in SA have concerns about the pace of policy development…

25 May 2023 9AM 9 min

Reunert cashes in as renewables shine

SA's power crisis is working in Reunert's favour. During its interim period, the ICT and Electronics group managed double digit growth across key metrics. Revenue increased by 21%, segmental operating profit jumped by 39% and headline earnings per share grew nearly 37%. This is largely thanks to record sales of…

25 May 2023 9AM 7 min

Crypto chat - Major cryptocurrencies trade sideways

Trading on the crypto market has been muted. Bitcoin has hovered around $2, 000 for a third week, despite the volatility in equity markets. Business Day Tv unpacked the action playing out in that space with Luno's Christo de Wit.

24 May 2023 1PM 6 min

Nampak slips into the red

Nampak had a tough six months. The packaging group has plunging into the red and posted a half-year loss of R2.4 billion, after it had to deal with impairment and currency devaluation losses. Business Day TV caught up with Independent Analyst at Small Talk Daily Research, Anthony Clark and he…

24 May 2023 12PM 7 min

DA Lobbies U.S Over Agoa

The DA is lobbying U.S lawmakers, in a bid to preserve the country's duty-free access to the world's biggest economy. This after South Africa's alleged involvement in Russia's invasion of Ukraine, could threaten its access to the US market. DA leader, John Steenhuisen, joins Business Day TV, to shed some…

24 May 2023 12PM 9 min