Business News Leaders

Russian arms torpedo the rand

The South African rand recently hit a record low after the US Ambassador to SA accused the country of supplying Russia with arms during Russia's conflict with Ukraine. Financial Mail's Deputy Editor & Columnist, Natasha Marrian joins Business Day TV to unpack these allegations and to explore South Africa's capacity…

18 May 2023 10AM 11 min

Biggest threats faced by SA's agricultural sector

South Africa's fourth quarter GDP contraction of 1.3% was in part driven by losses in the agricultural sector. This as the industry feels the pinch of inflation, climate change, load-shedding and geopolitical tensions. Business Day TV spoke to Paul Makube, Senior Agricultural Economist for more insight about the threats facing…

18 May 2023 10AM 9 min

Retail sales decline in March

The retail industry has ended the first quarter on a sour note, with sales dipping in January, February and March. The latest print shows a 1.6% fall in March on an annual basis as consumers contend with rising prices and elevated interest rates. Business Day Tv unpacked the numbers with…

17 May 2023 1PM 5 min

SA-US relations under the spotlight

Ties between South Africa and the US have been under scrutiny, following the 'Lady R' scandal where the US accused South Africa of supplying Russia with arms, amid the ongoing Ukraine war. Business Day Tv caught up with John Stremlau from the International Relations Department at Wits University for a…

17 May 2023 1PM 8 min

Kenya's inflation slows to 7.2% Y/Y in April

Kenya's inflation is easing. CPI slowed to 7.2% year-on-year in April from 9.2% in March. The downward trajectory however is threatened by adverse weather conditions. Business Day TV unpacked the print with Daniel Kavishe, Africa Economist at RMB.

17 May 2023 9AM 9 min

'Despite everything, SA remains well positioned to untap its potential'

As we approach 2030, different experts are projecting certain scenarios for the South African economy. Allianz is among the most positive with the group's Chief Economist, Ludovic Subran suggesting that the country remains well positioned to untap its potential via 'ubuntu'. Business Day TV spoke to him for more detail.

17 May 2023 9AM 9 min

SA's unemployment rate ticks up

South Africa's jobless rate edged higher in the first quarter and increased by 0.2 of a percentage point to 32.9%. The number of unemployed people increased by 179,000 during the period amid an energy crisis that is crippling the economy. Business Day TV unpacked the print with PwC South Africa's…

16 May 2023 1PM 9 min

Unpacking SA's unemployment stats

Statistics South Africa has released the Quarterly Labour Force Survey for the first quarter of this year. The jobless rate edged higher to 32.9% from 32.7% previously due to economic constraints and low business confidence resulting from the power crisis. Business Day TV unpacked the findings with Times-Live Multi-media journalist,…

16 May 2023 9AM 6 min

Why Octodec has decided to withhold its full-year guidance

Diversified inner-city focused property group, Octodec says it's opted to withhold its full-year guidance due to 'political uncertainty'. For more detail, Business Day TV spoke to Anabel Vieira, Financial Director of Octodec.

16 May 2023 9AM 8 min

Calgro M3 reports record earnings

Calgro M3 has delivered record profit. The group has recorded its highest ever headline earnings per share, rising by 45%. Despite the strong showing, Calgro M3 has decided against paying out a dividend, saying it plans to change its payout policy. Business Day TV caught up with company's CEO, Wikus…

15 May 2023 1PM 8 min

Raubex lifts annual dividend

Raubex has given shareholders a reason to smile. During the annual period the construction and materials group hiked its dividend by 40.7% to 76 cents, this comes as it reported an over 32% jump in revenue, and headline earnings per share. Business Day TV unpacked the results with company's CEO,…

15 May 2023 1PM 7 min

Trade of The Week - Estee Lauder, McCormick & Co and Healthpeak Properties

On this episode of Trade of the week, we look into Estee Lauder, McCormick & Co and Healthpeak Properties with Unum's Hedge Fund Manager, Loyiso Mpeta.

15 May 2023 11AM 18 min

Load-shedding dims Vodacom's performance

Load-shedding has dimmed Vodacom's annual performance. The mobile operator spent more than R4bn on alternative energy sources over the last two years and an extra R300m to operate and maintain it. As a result, profit edged up by just 2.1% while the dividend was slashed by more than a fifth…

15 May 2023 10AM 11 min

Telecoms is projected to be Africa's fastest growing industry

According to World Media, Africa's telecoms sector is the continent's fastest growing industry that will be responsible for future economic growth. Business Day TV spoke to Arthur Goldstuck, MD of WorldWideWorx about the prospect in greater detail.

15 May 2023 10AM 8 min

Debt index shows 40% rise in people seeking debt counselling

According to the Debt Index by DebtBusters, the number of people seeking help from debt counsellors grew 40% year-on-year in the first quarter. The data also showed that consumers spent close to two-thirds of their net income to pay off debt. Companies Reporter for Business Day, Nico Gous joins Business…

15 May 2023 9AM 6 min

Ghana’s inflation rate slows to 41.2% y/y in April

Ghana’s inflation remains in the double-digits. Inflation fell to 41.2% in April from 45% in March. Business Day TV unpacked the print in greater detail with Ridle Markus, SSA Macroeconomist at Absa CIB.

12 May 2023 10AM 8 min

Dismay as state blocks low-cost medical aids

Medical schemes, including Discovery, are desperate to launch low-cost medical aid products, but the Financial Mail's reported that the regulator is, bizarrely, fighting these plans in court. Editor for Financial Mail, Rob Rose, joins Business Day TV to unpack these low-cost health product and the regulator's position on what he…

12 May 2023 9AM 8 min

Rand hits a new all-time low against the dollar

The Rand hit a new all-time low against the dollar, due to a number of geopolitical factors, including claims that South Africa has helped arm Russia with weapons for the Russia-Ukraine war. Business Day TV spoke to Andre Cilliers, Director and Currency Strategist at TreasuryOne for his assessment of the…

12 May 2023 9AM 11 min

Manufacturing production dips in March

Factory activity has continued to take a knock. In March output slipped by 1.1% year-on-year, the largest negative contributions were made by petroleum, chemical products, rubber and plastic products as well as textiles, clothing, leather and footwear. Business Day TV unpacked the data with The Manufacturing Circle's Executive Director, Philippa…

11 May 2023 1PM 10 min

Crypto chat - Bitcoin rally loses steam

Bitcoin's rally has taken a breather, prices have retreated from $30 000 to around $27 000, despite upbeat US inflation data. Business Day TV caught up with Luno's Country Manager, Christo de Wit for a look at the factors driving activity in the crypto market.

11 May 2023 1PM 6 min