Business News Leaders

Why Pick n Pay cut its dividend

Pick n Pay has cut it total dividend by over 16% as the bill the retailer racked up to deal with load-shedding shot beyond the R500m mark. The company believes that intense power outages are now the 'permanent new reality' and so to give its balance sheet some room, the…

4 May 2023 8AM 8 min

The Sarb unveils new features for the South African rand

The local currency is getting a new look, that's as the Sarb unveiled new designs and beefed-up security features. Business Day TV caught up with the Deputy Finance Minister, David Masondo to discuss the significance of the move, especially in a country which has lost trust in a number of…

3 May 2023 1PM 9 min

The South African Reserve Bank unveils fresh look for local currency

The Sarb has upgraded the South African currency, unveiling new features - including advanced security measures which will assist to stop counterfeiting. Business Day TV unpacked these features and the importance of this upgrade with the Sarb's Deputy Governor, Kuben Naidoo.

3 May 2023 1PM 8 min

Steering Africa towards realising a free-trade pact

Business Day TV speaks to John Dludlu, CEO of the Small Business Institute about how Africa can be steered towards realising a free-trade pact.

3 May 2023 8AM 7 min

Future of jobs in SA

Secretaries, telemarketers, accountants and auditors are amongst the jobs most at risk of falling away over the next five years, according to a study done by the World Economic Forum. The report has however identified the green energy transition and localisation of supply chains as drivers of job growth in…

3 May 2023 8AM 8 min

Petrol price breaches R23/L mark for first time in 2023

If you live inland, as of this morning you're paying more than 23 Rand per litre for petrol - The highest rate thus far in 2023. This as both grades of fuel increased by 37 cents, while diesel and illuminating paraffin users were met with some relief Higher global oil…

3 May 2023 8AM 6 min

Renergen reduces its full-year loss

Renergen has narrowed its annual loss. The group reduced its loss by 21% to R26.6 million, after revenue surged due to increased demand for LNG and helium. Business Day TV unpacked the numbers with the company's CEO Stefano Marani.

2 May 2023 1PM 8 min

Africa's digital payments landscape amid currency issues

Africa's cash shortages and other currency issues are expected to boost the continent's digital payments landscape. Digital payments in the meantime are projected to rise from close to $4bn to $20bn in 2025. Business Day TV assessed the continent's digital payments landscape with Mark Dankworth, President of Business Development in…

2 May 2023 9AM 7 min

SA should not waste the gold boom

The world's central banks seem to be showing a new appetite for gold, particularly emerging markets central banks. The World Gold Council reports that 2022 was a record year for gold demand and central bank purchases saw a record high of over one thousand tonnes. Business Day TV spoke to…

2 May 2023 9AM 8 min

Absa PMI improves but remains in contractionary territory

Factory output remains in contractionary territory as the Absa PMI rose to 49.8 points in April from 41.8 previously. The uptick was largely driven by a surge in the inventories index which is at its highest level since mid-last year. Business Day TV unpacked the print with Lisette IJssel de…

2 May 2023 9AM 8 min

Crypto chat - Bitcoin trades near the $30,000 mark

Bitcoin is edging closer to that $30, 000 mark again. That's as some investors said they expect the Fed to inject more money into the US economy after signs of yet anotherUS bank collapse. Business Day TV caught up with General Manager for Africa at Luno, Marius Reitz and he…

26 Apr 2023 1PM 7 min

Steinhoff shareholders could get some value

Steinhoff International has agreed to include a proposal that would see shareholders receive a fifth of any restructured company, rather than nothing. The debt-laden international retail group said its creditors were prepared to accept contractual contingent value rights for shareholders, as part of a Dutch restructuring plan for the group…

26 Apr 2023 9AM 7 min

Funding Eskom’s coal-fired plants as we journey to net-zero emissions

Delaying the shutdown of Eskom’s coal-fired power plants may help ease load-shedding but it raises questions about who will help fund them as lenders and asset managers have committed to net-zero emissions targets. Business Day TV unpacked this conundrum with Olga Constantatos, Head of Credit at Futuregrowth.

26 Apr 2023 9AM 7 min

Unpacking the South African investment landscape

Despite local issues like load shedding, some analysts believe that South Africa remains an attractive emerging market investment destination. Business Day TV discussed this in detail with Old Mutual Wealth’s Izak Odendaal.

25 Apr 2023 1PM 8 min

Foreigners bet on South African bonds

International investors are still seeing value in local bonds, as foreigners purchased bonds worth R2.39 billion over the past week. Business Day TV discussed the activity playing out in that space with RMB Bond trader, Michelle Wohlberg.

25 Apr 2023 1PM 5 min

SA Investment Management Outlook

Deloitte surveys 300 senior investment management executives across various sectors to gain insights on trends in investment management. Business Day TV unpacked the findings of the survey and what they point to for the industry with Amilah Costandius, Senior Manager of Strategy, Monitor and Investment Management at Deloitte Africa

25 Apr 2023 9AM 9 min

Over 2 million travellers passed through SA in March

In the month of March, more than 2 million travellers passed through South African ports. Majority of these were foreign travellers which points to a recovery in the local tourism industry. Off the back of the data, Business Day TV spoke to Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council…

25 Apr 2023 9AM 8 min

Government has not blocked Musk's Starlink - Gungubele

Minister of Communications, Mondli Gungubele, disclosed that government has not blocked Elon Musk's Starlink satellite network from operating in SA. Instead, it is the US satellite company that has not applied for an operating license in the country. Opposition party, the DA says that the reason Starlink has not yet…

25 Apr 2023 8AM 8 min

Trade of the week - 24 April 2023

On this episode of Trade of the week, Founder of Herenya Capital, Petri Redelinghuys discusses his outlook for the Satrix 40, City Lodge and Investec.

24 Apr 2023 10AM 21 min

Japan switches to AU from SA

The 49th G7 summit is set for next month and the host, the Japenese government, has opted to un-invite President Cyril Ramaphosa in his single capacity as South African president and has opted to give the invite to the African Union instead. The move comes as the G7 tries not…

24 Apr 2023 8AM 7 min