Business News Leaders

Côte d'Ivoire: Africa's cocoa boss

Côte d'Ivoire is one of Africa's best performing economies with cocoa production driving its gains. Climate change however is weighing on output and the country's growth potential. Business Day TV spoke to Leeuwner Esterhuysen, Economist at Oxford Economics Africa for more insight.

11 May 2023 9AM 8 min

South Africa's Great Coalition Dating Game

2024 might present us with the first multi-party form of government in South Africa since the dawn of democracy. We have seen larger parties increasingly lean on smaller ones to shore up their power. So, what will a coalition government look like at national level? We unpack what Natasha Marrian,…

11 May 2023 9AM 9 min

Mining output contracts for 14th consecutive month

Mining production remains in the doldrums. Output declined for a fourteenth consecutive month in March, down 2.6% year-on-year largely driven by a dramatic reduction in diamond output. Business Day TV unpacked the print with Crystal Huntley, Economist at Nedbank.

11 May 2023 9AM 9 min

Gold price nears record high in the first quarter of 2023

Despite the gold price nearing record highs in the first quarter, demand for the yellow metal has been mixed, with central banks' gold purchases rising while purchases from other sectors remained muted. Business Day TV discussed the demand dynamics with Market Strategist at the World Gold Council, Joe Cavatoni.

10 May 2023 12PM 6 min

Rest of Africa snaps up most of SA's vegetable exports

South Africa's vegetable export earnings have been increasing moderately since last year. Over the last 5-years, it has averaged R3.1BN. Bulk of that income comeS from the rest of Africa which scooped up a whopping 64% of the country's vegetable exports in 2022. Business Day TV spoke to Thabile Nkunjana,…

10 May 2023 9AM 8 min

Pravin Gordhan to appeal against load-shedding exemptions

Public Enterprises Minister, Pravin Gordhan is set to appeal against a ruling to prevent load-shedding for public facilities within 60 days. Last week, a high court ruled that government should spare schools, police stations and healthcare facilities of load-shedding. Government is set to appeal as this ruling may pose a…

10 May 2023 9AM 9 min

SA Taxi puts breaks on Transaction capital's winning streak

At the half-year mark, Transaction Capital has reported a loss of R1.73bn as the group starts restructuring its struggling SA Taxi unit. The division's core earnings attributable to the group plunged by 77% during the period and is expected to weigh on the firm's full-year outlook as well. Business Day…

10 May 2023 9AM 12 min

Equites delivers a jump in annual distribution

Growing demand for logistics facilities has given Equites a boost. During the annual period the landlord reported a 4.1% rise in distribution per share, while keeping vacancy rates low. Business Day TV caught with the company's CEO, Andrea Taverna-Turisan for more detail on the numbers.

9 May 2023 1PM 12 min

Rand steady ahead of US inflation print

Despite market uncertainty as investors await the US CPI print, the local unit has remained steady trading above R18.50 against the dollar. Business Day TV discussed the factors driving activity in the currency markets with RMB's Rayno Nigrini.

9 May 2023 1PM 4 min

Developing technology for African challenges

The fourth industrial revolution is broadly characterised by technologies that fuse digital, biological and physical innovation in areas such as robotics or artificial intelligence. The adoption of digital technologies in the meantime remains a challenge in Africa. Hardy Pemhiwa, President and Group CEO of Cassava Technologies spoke to Business Day…

9 May 2023 9AM 8 min

Karooooo eyes growth

Despite SA's economic strain, Karoooo has extended its growth streak. Subscriptions for its Cartrack business increased by 12.5% year-on-year to 1.72-million, boosting subscription revenue. Karooooo aims to grow Cartrack's subscriber base by a further 10% in its new financial year. Business Day TV unpacked the numbers further with Business Day's…

9 May 2023 9AM 7 min

Thungela, Exxaro under fire over climate lobbying resolutions

Coal producers, Exxaro and Thungela are under fire for refusing to table non-binding advisory shareholder resolutions from last month. The resolutions involve bringing shareholders up to speed on how the miners' lobbying and policy engagements align with that of their industry peers and goals of the Paris Agreement which targets…

9 May 2023 9AM 7 min

Should SA exit BRICS?

According to Independent Analyst Roelof Botha, there are several reasons why South Africa should quit the BRICS body. Chief among his reasons are the economic power discrepancies between the five countries and the power it gives them in terms of decision making. Business Day TV spoke to Botha for more…

8 May 2023 8AM 9 min

DA & EFF have reached voter ceilings - ANC

The DA and the EFF have reached voter ceilings. This according to the ANC’s internal research aimed at raising its chances of winning the elections in 2024. The ANC’s research, which Business Day has seen, is in stark contrast to other polls that show that the ANC is unlikely to…

8 May 2023 8AM 8 min

Polish stake boosts Redefine’s H1 distributable income

At the half-year mark, Redefine’s distributable income increased by 7.2% as the group reaped the benefits of increasing its exposure to the Polish retail sector via EPP. Business Day TV unpacked the performance in greater detail with the company’s CFO, Ntobeko Nyawo.

8 May 2023 8AM 8 min

Economic Uncertainty Puts Brakes On New-Car Sales

Economic uncertainty is throttling demand for new cars. Combined sales of cars and commercial vehicles totalled 37,000 last month, a 0.2% increase from the figures for April 2022. Sales of commercial vehicles fared better given that bank credit approvals fell in April. Financial Mail reports that aggregate exports show some…

5 May 2023 9AM 7 min

Business defends BLSA’s support for De Ruyter

Business Leadership SA helped fund a controversial independent probe into corruption, crime and sabotage at Eskom but business body, Busa stands by the funding support. Business Day TV spoke to Cas Coovadia, CEO of Busa for more detail.

5 May 2023 9AM 14 min

KAL Group delivers double-digit earnings growth

KAL group formally known as KAAP Agri has delivered bumper numbers. During the half-year period the group reported an 11.6% jump in headline earnings per share while revenue surged 68.4%. This was mainly driven by the acquisition of fuel stations and convenience centres. Business Day Tv unpacked the results with…

4 May 2023 12PM 6 min

Nigeria to delay fuel subsidy removal

The Nigerian government has decided to delay the removal of fuel subsidies. The move was set for June but state says it needs further consultations with key stakeholders and the incoming administration. Business Day TV unpacked the story in more detail with Pieter Scribante, Political Economist at Oxford Economics Africa.

4 May 2023 8AM 8 min

Post-Apocalyptic: Should the post office be saved?

While Communications Minister Mondli Gungubele urges calm over the provisional liquidation of the South African Post Office, Financial Mail's investment writer Jaco Visser, asks if this liquidation is the apocalypse we may think it is and whether the entity in itself has just become obsolete with the private sector already…

4 May 2023 8AM 6 min