Business News Leaders

Why SA can't afford to backtrack on decarbonisation

While there appears to be disagreement between Minister of Public Enterprises, Pravin Gordhan and Minister of Electricity, Kgosientso Ramokgopa regarding the future of Eskom's ageing coal-fired power plants, Business Unity South Africa (Busa) has warned that South Africa cannot afford to backtrack on decarbonisation. Busa's Environment & Energy Manager, Happy…

17 Apr 2023 8AM 8 min

Incoherent policy a risk to climate funding, warn environmental groups

While the world eyes net-zero emissions by 2050 necessitating a move away from the use of fossil fuels, South Africa’s Minister of Public Enterprises and Minister of Electricity are tussling over the decommissioning of Eskom’s coal-fired power stations. Environmental groups have warned that incoherent policy in this regard poses a…

14 Apr 2023 10AM 8 min

South Africans, Kenyans and Nigerians pessimistic about growth – Deloitte

Deloitte’s Restructuring Survey has found that citizens from Africa’s biggest economies are most pessimistic about growth and business rescue success rates. Business Day TV unpacked the findings of the survey with Jo Mitchell-Marais, Turnaround & Restructuring Leader at Deloitte Africa.

14 Apr 2023 9AM 10 min

Investment into SA outpaces Ramaphosa’s R1.2trn target

A new investment target of R2trn has been set for 2028 as President Cyril Ramaphosa’s five-year plan to garner R1.2 trillion worth of investment into the country has been surpassed by 26%. Business Day TV spoke to Jacko Maree, Investment Envoy to President Ramaphosa for his take on the five-year…

14 Apr 2023 9AM 9 min

PSG Konsult records a jump in earnings

PSG Konsult has reported a rise in annual profit, with recurring headline earnings per share increasing by 5% to close to 73 cents. That's as the group's wealth unit performed well, offsetting the downbeat showing from its asset management and insurance units. Business Day TV unpacked the numbers with the…

13 Apr 2023 1PM 8 min

Crypto chat - Softer US inflation gives crypto market a boost

The crypto market has recovered from the banking crisis, with Bitcoin passing through the $30 000 mark and this comes after US inflation eased to 5% in March. Business Day TV caught up with South Africa's country manager at Luno, Christo de Wit for further insight on that market.

13 Apr 2023 12PM 6 min

Kenya’s economic headwinds

Kenya’s debt has shot up by $2.58bn to over $40bn and while the East African nation is in talks with the IMF for new funding it is currently facing a dollar shortage, a depreciating shilling and severe drought. Business Day TV explored Kenya’s economic headwinds with Shani Smit-Lengton, Economist at…

13 Apr 2023 9AM 7 min

SA Post Office under provisional liquidation

The South African Post Office has been placed under provisional liquidation as the embattled state-owned entity owes creditors over R4.4bn. Business Day TV spoke to Mark Barnes, Former CEO of the SA Post Office for his take on the deterioration of the entity.

13 Apr 2023 9AM 7 min

The real reasons why the JSE is shrinking

The JSE has shed about 20% of its companies over the past decade. Companies have argued that the exchange is too expensive and the regulations too onerous; but critics say on a benchmark basis against other stock exchanges that have been able to attract listings, the JSE is actually cheap…

13 Apr 2023 9AM 8 min

South African households to be hit with electricity price hike

South African households are in for another blow. That's as Nersa has proposed a 15.1% hike in municipal electricity tariffs from July, and this is on the back of the bulk supply tariff increase for municipalities of 18.4%. Business Day TV spoke to the regulator's Executive Manager of Electricity, Zingisa…

12 Apr 2023 1PM 4 min

Glencore continues to pursue Teck Resources

Despite Glencore sweetening its offer for Teck Resource, the Canadian mining firm is not seeing value in the takeover bid. Business Day TV unpacked the prospects of the deal with Investment analyst at Anchor Capital, Seleho Tsatsi.

12 Apr 2023 1PM 8 min

EOH now a 'normal' business, says CEO Stephen van Coller

EOH is now a 'normal business, according to the technology services firm's CEO Stephen van Coller. For several years, the company has been dogged by corruption scandals, unprofitable legacy contracts, inefficient corporate structures, huge debt burdens and an inefficient capital structure. But van Coller says that following the group's successful…

5 Apr 2023 1PM 8 min

Focus on ETFs as passive investments

Passive investments have been gaining traction, with ETFs and other index funds outperforming many active managers. This has been mainly due to the accommodative monetary policies over the past decade. Business Day TV caught up with 10X Investments' Chris Rule for further insight on passive strategies.

5 Apr 2023 1PM 6 min

Will the BRICS collective dump the dollar?

When the U.S sneezes, the rest of the world catches a cold. An adage the BRICS nations are trying to weaken. The bloc of emerging market nations are mulling a new global currency that will decrease reliance on the U.S dollar. Business Day TV spoke to Andre Cilliers, Director &…

5 Apr 2023 8AM 9 min

Numsa threatens bus strike ahead of Easter

The National Union of Metalworkers of South Africa (NUMSA) is threatening to embark on a strike in the bus sector ahead of the Easter weekend. That's if employers do not put a meaningful wage offer on the table. NUMSA said it has been negotiating with employers since January and should…

5 Apr 2023 7AM 7 min

Godongwana to withdraw Eskom exemption notice

Before government's u-turn on its decision to exempt Eskom from disclosing irregular and wasteful expenditure for the next two years, business group Sakeliga planned to challenge the decision in court. The initial decision was passed under Section 92 of the Public Finance Management Act and to look at the act…

5 Apr 2023 7AM 7 min

Why more companies are listing on the A2X

Local companies continue to find value in the secondary listing market as more and more firms list on the A2X, and the latest company to join in on the action is Africa's biggest retailer - Shoprite. Business Day TV unpacked this in detail with A2X's CEO, Kevin Brady.

4 Apr 2023 1PM 7 min

Outlook for the rand

The rand has kicked off the second quarter on a positive note, trading below the R18 mark to the Dollar and this is after the South African Reserve Bank raised rates, partly in an attempt to protect the local unit. Business Day TV spoke to RMB's Foreign Exchange Structurer, Rayno…

4 Apr 2023 1PM 5 min

Boosting Africa’s intra-trade with multi-channel logistics

The African Continental Free Trade Area agreement should boost trade on the continent by 28% come 2030. Logistics, however, may pose a risk to this target but Frost & Sullivan says that multi-channel logistics should help advance the agreement. Business Day TV spoke to Nomvo Kasolo, Africa Consultant at Frost…

4 Apr 2023 8AM 9 min

Eskom Exempted From Reporting Expense Irregularities In Financial Statements

Eskom, has been exempted from having to disclose 'irregular and fruitless' expenditure in its annual financial statements until 2025. Finance Minister Enoch Godongwana has exempted the utility from regulations requiring SOEs to disclose expenditure that does not comply with provisions of the PFMA. Lobby groups are urging for a review…

4 Apr 2023 8AM 9 min