Business News Leaders

SA Labour Market Dynamics

Stats SA has published the results of the Quarterly Labour Force Survey for the fourth quarter of 2022. The results show a small drop in the country's unemployment rate, with the official unemployment rate down to 32.7%. To unpack these stats and the dynamics of the South African labour market,…

22 Mar 2023 9AM 8 min

Inflation edges up in February

Inflation surprised to the upside in February. The broad expectation was for the print to moderate to 6.8% during the period, instead it ticked up to 7% from 6.9% previously. This due to rising food and transport costs. Business Day TV unpacked the print in greater detail with Koketso Mano,…

22 Mar 2023 9AM 8 min

What would an ANC-EFF coalition look like?

What would an ANC-EFF coalition look like? According to Business Day's Editor-at-large, Peter Bruce, the coalition would preside over what he calls an 'unimaginable collapse'. Business Day TV spoke to Peter Bruce for his views on the parties' leadership styles and what a coalition would entail.

17 Mar 2023 10AM 12 min

The Resource Mobilisation Fund in focus

The Resource Mobilization Fund (RMF) was launched for the business sector to help capacitate the National Energy Crisis Committee (NECOM). According to Chair of the RMF, Martin Kingston, the RMF exists to receive and raise donations, procure capacity and skillsets, and donate these to the NECOM in support of President…

17 Mar 2023 9AM 8 min

Cryto Chat - digital assets digest collapse of major US banks

The collapse of big US banking players in the crypto industry, like Silvergate and Signature has left investors on edge. Business Day TV caught up with Luno's SA Country Manager, Christo de Wit for more perspective on the impact this had on cryptocurrencies.

16 Mar 2023 2PM 5 min

Higher costs weigh on Libstar

Libstar's posted a 46% decline in its annual operating profit. During the period the consumer goods group had to contend with higher costs, increased levels of load shedding, elevated inflation, and a fire at one of its mushroom farms. Business Day TV spoke to CEO Charl de Villiers for more…

16 Mar 2023 1PM 6 min

Hot coal prices and higher sales give Exxaro's profit a boost

Exxaro has delivered double-digit profit growth, with headline earnings per share up 28%. The performance was mainly driven by higher coal prices and an increase in sales. Business Day TV discussed the company's annual performance with CEO Nombasa Tsengwa.

16 Mar 2023 1PM 8 min

Inside Ramogkopa's Minister of Electricity Role

With an energy action plan in place, the newly appointed Minister of Electricity, Kgosientsho Ramokgopa, seems very confident that there will be an end to load-shedding. Tasked with getting Eskom's "big six" into a more reliable state, Ramokgopa told Financial Mail that with the support of the president, the ministers,…

16 Mar 2023 9AM 12 min

Shedding light on load-shedding with Ramokgopa

Ending load-shedding is his primary duty, his job is not permanent and the hope is that power cuts aren’t either. Business Day TV spoke to SA’s Minister of Electricity for more detail on his mandate and the task ahead.

16 Mar 2023 9AM 20 min

Growthpoint ups interim dividend by 4.6%

Growthpoint has lifted it interim dividend by 4.6% off the back of a rise in net property income, and higher operating profit. Business Day TV unpacked the performance with CEO Norbert Sasse.

15 Mar 2023 1PM 9 min

Stadio delivers bumper annual earnings

Cost control measures and higher enrolment numbers gave Stadio's full-year performance a boost. The private higher education group has posted a revenue increase of 11% while core headline earnings jumped 18%. This helped Stadio lift its final dividend by 89% to 8.9 cents. Business Day TV spoke to the company's…

15 Mar 2023 12PM 5 min

Mozambique: Cyclone Freddy – weathering the economic storm

The World Bank expects Mozambique to grow by 6% between 2023 and 2025 with LNG output increasing that prospect to 8% but with cyclone Freddy hitting the nation, can Mozambique weather the economic storm? Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for his take.

15 Mar 2023 8AM 8 min

Joburg Revenue Flow At Risk Amid Flight From Eskom Power Cuts

Joburg Finance MMC Dada Morero told Business Day that the move to alternative energy sources is expected to put the squeeze on funds flowing to the city's power distribution utility. City Power is one of the biggest contributors to the city's total revenue, representing 43.8% in 2022. Business Day TV…

15 Mar 2023 8AM 9 min

HomeChoice gives shareholders a reason to smile

HomeChoice has more than tripled its final payout, dishing out a dividend of 77 cents per share. This comes as headline earnings per share grew close to 42% during the full year period. Business Day TV spoke to the company's CEO Sean Wibberley for more insight on the performance.

14 Mar 2023 1PM 8 min

Mining and manufacturing sectors start 2023 on the backfoot

The manufacturing and mining sectors have started the year on the backfoot, with factory activity slipping 3.7% and mining output declining 1.9% in January. Business Day TV caught up with RMB's Foreign Exchange Structurer, Rayno Nigrini for his take on what this could mean for growth in the first quarter.

14 Mar 2023 1PM 5 min

Tshwane's political instability

Cope's Murunwa Makwarela has resigned after presented a fake document of rehabilitation claiming he was not insolvent. On the other hand, ATM councillor, Mncedi Ndzwanana has been elected Tshwane council speaker, another loss for the Da-led coalition. The coalition, with a solid majority, expected would to clinch the speaker position…

14 Mar 2023 10AM 8 min

Old Mutual reports 10% rise in profit as mortality claims fall

Old Mutual has benefitted from a drop in mortality claims. The insurer saw a 10% rise in annual headline earnings and kept its dividend unchanged as the outlook on economic conditions remains dim. Business Day TV spoke to the company’s CFO, Casper Troskie for his assessment of the performance.

14 Mar 2023 10AM 7 min

Sun International’s profit more than doubles

Sun International has more than doubled its full-year profit, with headline earnings per share coming in at 226 cents. The performance comes as the casino, gaming, and hotel group benefitted from a rebound within the travel industry, as pandemic related restrictions eased. Business Day TV unpacked the results with company's…

13 Mar 2023 1PM 6 min

Absa delivers profit bump

Absa has delivered a 15% rise in annual revenue and a near 14% increase in headline earnings per share, as the lender benefitted from higher interest rates. Business Day TV spoke to Absa's Financial Director, Jason Quinn for more on the performance.

13 Mar 2023 1PM 9 min

Trade Of The Week

On this week's show, founder of Herenya Capital, Petri Redelinghuys joins Business Day TV for a quan-tech-mental analysis on Shoprite, Sibanye-Stillwater and Sun International.

13 Mar 2023 11AM 13 min