Business News Leaders

Joburg's Amad and Makhubele face ousting through motions of no confidence

Joburg Mayor, Thapelo Amad and Speaker, Colleen Makhubele are facing motions of no confidence against them. The motions were brought by ActionSA and the DA and have successfully made it to the council agenda. This, making them the subject of council debate at the next meeting set to take place…

24 Apr 2023 8AM 9 min

A closer look at Ramokgopa's plan to ease load-shedding

It's impossible to end load shedding by year-end, according to Electricity Minister Kgosientso Ramokgopa who laid out his plans to tackle load-shedding at the ANC's national executive committee meeting over the weekend. In the next 6-months, the minister plans to add 4,000 megawatts of power to the grid. This is…

24 Apr 2023 8AM 11 min

Ramaphosa Finally Appoints SABC Board

After lengthy delays and legal wrangles, President Cyril Ramaphosa has finally appointed the SABC board. This after the five-year term of the previous board ended in October last year, leaving the public broadcaster without a board for six months. The SABC has been mired in governance and financial crises that…

21 Apr 2023 9AM 12 min

Assessing SA's transformation journey

The Employment Equity Amendment Bill has been signed into law. The amendments champion new controversial transformation laws that will impact business and employment in the country. Business Day TV unpacked the country's transformation journey in greater detail with Sibongile Vilakazi, Newly Appointed BMF President

21 Apr 2023 9AM 11 min

Investment case for Tesla

Lower car prices weighed on Tesla's first quarter performance, with the firm posting a 24% decline in profit. Business Day TV unpacked Tesla's investment case with James Bennett, Global Equity Analyst at Anchor.

20 Apr 2023 1PM 5 min

Clicks posts slight rise in half-year profit

Clicks has posted a rise in half-year profit growth, despite consumers remaining under pressure. Headline earnings for the period came in 0.9% higher. Business Day TV unpacked the performance with CEO Bertina Engelbrecht

20 Apr 2023 1PM 8 min

It's hard to predict when repo rate hikes will end

Over the past two years, Central Banks around the globe have been hiking interest rates in a bid to tame rising inflation. South Africa has seen its ninth consecutive rate hike since November 2021. This amid muted growth which will be further exacerbated by the severe power cuts. In turn,…

20 Apr 2023 9AM 20 min

Has SA run out of time on the doomsday clock?

South Africans are deeply concerned about what the future holds. A recent Institute of Race Relations survey showed a significant majority of South Africans, regardless of race, income level or political persuasion, believe the country is moving in the wrong direction. For a closer look at the story, Business Day…

20 Apr 2023 9AM 8 min

Soaring inflation in North Africa weighs on Ramadan celebrations

Inflation is expected to soften in the Middle East and North Africa this year but for now, the latter is feeling the pinch of elevated inflation and rising food prices. The scenario is taking a bite out of Ramadan, a holy month of fasting which is followed by three days…

20 Apr 2023 9AM 9 min

Musk's strategy for Twitter

Many analysts have been questioning Elon Musk's turnaround strategy for Twitter. That's after he axed the executive team, cut jobs and moved towards a subscriber-based model. Business Day TV caught up with Senior market analyst at Oanda, Craig Erlam and he shared his perspective on the company's performance since Musk…

19 Apr 2023 1PM 11 min

Civil society heads to concourt over election law

Civil action groups are concerned about the constitutionality of new election laws that President Cyril Ramaphosa has signed. Ramaphosa signed the bill into law this week following a constitutional court judgment in 2020. The judgement stipulated that the previous electoral act was unconstitutional because it only allowed political party members…

19 Apr 2023 9AM 8 min

March CPI ticks up on growing food prices

Inflation ticked up in March to 7.1% year-on-year from 7% in February as food and transport costs fail to abate. Food and non-alcoholic beverages increased by 14% year-on-year while transport costs accelerated by 8.9% during the period. Business Day TV sat down with Xhanti Payi, Economist at PwC for his…

19 Apr 2023 9AM 7 min

Capitec records a jump in earnings

Capitec has delivered double-digit profit growth, with headline earnings per share jumping by 15%. This was partly boosted by higher interest rates and allowed the lender to lift its total dividend by 15% to R42. Business Day TV unpacked these numbers with CEO Gerrie Fourie.

18 Apr 2023 1PM 8 min

Oil struggles to find direction

Oil prices have slipped, shrugging off upbeat Chinese economic data as focus shifted to a possible increase in US interest rates and wider concern about global growth. Business Day TV caught up with RMB's oil trader, Raymond Phillips for more insight on the activity playing out in the oil markets.

18 Apr 2023 1PM 5 min

Assessing Africa’s AI landscape

The Artificial Intelligence market is currently valued at $387 billion and is projected to grow to $1.3trn by 2029 and a lack of readiness will work against Africa cashing in on that growth. Business Day TV assessed Africa’s AI landscape with Dean of UJ’s Business School, Randall Carolisen.

18 Apr 2023 10AM 8 min

Capitec reports 15% rise in profit

Capitec is seeing the pros and cons of the high interest rate and high inflation environment. The lender has managed to grow headline earnings per share by 15% but at the same time the group’s credit impairment charge on gross loans and advances nearly doubled. Business Day TV unpacked the…

18 Apr 2023 9AM 8 min

House price growth eases in March

According to the FNB's Residential Property Barometer, house price growth continued to slow in March. Prices averaged at 2.1% , down from 2.3% in February, as high interest rates took hold and weighed on consumers' spending power. Business Day TV spoke to FNB's Senior Economist, Siphamandla Mkhwanazi for greater insight…

17 Apr 2023 1PM 7 min

Trade of the Week - DRD Gold | Gold Fields | Anglo Gold Ashanti | Harmony Gold

On this episode of Trade of the Week, Unum's Hedge Fund Manager, Loyiso Mpeta analyses DRD Gold, Gold Fields, Anglo Gold Ashanti and Harmony Gold.

17 Apr 2023 9AM 17 min

How Africa's factories are performing

PMI data from Africa in March showed that the continent's non-oil sectors had a mixed bag while elevated inflation in Egypt and Nigeria caused factory production to fall deeper into negative territory. Business Day TV caught up with RMB's Africa Economist, Daniel Kavishe for a closer look at the PMI…

17 Apr 2023 8AM 7 min

Ramokgopa calls for revision of energy action plan

Newly appointed Minister of Electricity, Kgosientsho Ramokgopa has called for the revision of the energy action plan. This could lead to the setting of new targets to end the nation's ongoing energy crisis. Speaking on the side-lines of the South Africa Investment Conference, the electricity minister said his proposals for…

17 Apr 2023 8AM 8 min