Business Day TV: Recent Episodes
Business Day TV
Business Day TV is broadcast on Channel 412 on DStv and is available to over 10-million viewers in 9 countries across Southern Africa. It is one of three TV stations owned by The African Business Channel – the others being The Home Channel (Channel 176) and IGNITION (189).
Currency devaluations, coups and green hydrogen potential are factors that have been identified by Oxford Economics Africa as trends to watch on the continent next year. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day for more insight into the group's watchlist for the continent as we transition to next year.
Currency devaluations, coups and green hydrogen potential are factors that have been identified by
Oxford Economics Africa as trends to watch on the continent next year. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day for more insight into the group's watchlist for the continent as we transition to next year.
Construction activity has picked up in the third quarter, according to the Afrimat Construction Index which sits at a 7-year high of 131.5 points. Business Day TV unpacked the index in greater detail with Independent Analyst, Roelof Botha.
Naspers, having weathered a decade of questionable investments, strategic shifts and substantial losses is now showing signs of a positive turnaround, according to Financial Mail's Ann Crotty. Business Day TV discussed this in more detail with Crotty.
Muhammed Wagley from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers.
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Grand Nader from Benguela Global Fund Managers joins Business Day TV for a broader look at the day's market movers
As the aviation industry continues to soar post the 2020 Covid-19 hit, analysts aren't expecting a slowdown anytime soon. According to research by the International Air Transport Association, the sector's net profit is expected to climb by 3.8% to $25.7 billion in 2024. Business Day TV caught up with Rene Koinzack, Lufthansa's newly appointed senior director for sales in Nigeria, Equatorial Guinea, Southern and East Africa, for a look at how the group has benefitted from the uptick.
On this episode of Stock Picks, independent analyst Jimmy Moyaha takes a closer look at Transaction Capital, MultiChoice, Astral Foods, Gold Fields and Shoprite. Stock Watch
Aspen and Sandoz have inked a near R2 billion deal. For that price tag, Aspen will buy Sandoz's Chinese business. In return, Sandoz will take on four anaesthetic products that Aspen sells in Europe. Business Day TV unpacked the deal in greater detail with Aspen's Group CFO, Sean Capazorio.
Amid ongoing developments surrounding South Africa's capacity for electric vehicle production and export, Business Day TV speaks to Financial Mail's David Furlonger about whether there is sufficient policy certainty for investment to flow.
Eskom has put new regulations in place for renewable energy players to help protect access to the grid. Business Day TV spoke to James Mackay, CEO of the Energy Council of SA about red-tape as far as renewable energy projects are concerned and its impact on the country’s energy transition journey.
Louis Storm from Vega Capital joins Business Day TV for a broader look at the day's market movers
Tackling your questions tonight is Sanelisiwe Tofile from All Weather Capital and Ricus Reeders from PSG Hole In one Ruimsig Stock Watch
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
Transaction Capital has swung into an annual loss, saying the results reflect what has undoubtedly been the most challenging and disappointing year in its history. Business Day TV unpacked the performance with incoming CEO, Jonathan Jawno.
South Africa's economy contracted by 0.2% in the third quarter and the sharpest falls in output came from agriculture, construction, manufacturing and mining. Business Day TV unpacked the GDP print with RMB economist, Siobhan Redford.
A number of heads of states from across the world have pledged to triple global renewable energy capacity by 2030 at this years COP28 summit. While the commitment has been welcomed, an international non-profit organization - Climate Group has highlighted policy barriers that are holding back the uptake of renewables in some of the world's largest economies. Business Day TV discussed this in detail with the Director for Energy at Climate Group, Sam Kimmins.
The Constitutional Court has granted a partial victory to independent candidates, easing their path to elections by reducing the signature threshold to 1,000 or 15% of local support. Business Day TV unpacked this ruling in greater detail is political analyst, Asanda Ngoasheng.
South Africa's economy contracted by 0.2% in the third quarter due to a sharp fall in the agriculture, forestry and fishing industry. Declines in construction, manufacturing and mining also weighed. Business Day TV unpacked the print in greater detail with Gina SChoeman, Economist at Citibank.
Jacobus Brink from SFO Investments joins Business Day TV for a broader look at the day's market movers
Tackling your questions tonight is Grant Nader from Benguela Global Fund Managers and Rowan Williams from Nitrogen Fund Managers Stock Watch
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
Alexforbes has posted a 96.5% jump in interim headline earnings per share, as the financial services group benefitted from its strategy shift where it reconfigured its core business away from insurance. Business Day TV unpacked the performance in greater detail with Alexforbes CEO Dawie de Villiers.
Herenya Capital founder, Petri Redelinghuys provides technical analysis on Glencore, Anglo American and Bidvest.
With Africa only responsible for 4% of total global emissions, while housing the lion’s share of minerals needed for the green energy transition, Business Day TV caught up with Chantal van der Watt, PwC Associate Director for Sustainability and Climate change for her take on what COP28 could mean for Africa.
Capital Appreciation has maintained its half-year dividend at 4.25c despite economic challenges, citing high demand for its products. The fintech group anticipates a strong second-half performance, fuelled by diversified revenue streams and growth opportunities. CEO of Capital Appreciation, Brad Sacks unpacked the company's performance in greater detail with Business Day TV.
Sirius Real Estate, owner of German and UK business parks says that these regions remain attractive for growth. The JSE and London Stock Exchange listed group’s CEO, Andrew Coombs joined Business Day TV for greater perspective on navigating the real estate market in these territories in the current economic climate.
Odwa Magwentshu from Trive Investments joins Business Day TV for a broader look at this afternoon's market performance
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon's market performance
Wayne McCurrie from FNB Wealth & Investments takes a look at what drove markets in the past week. Stock Watch
After two consecutive months of decline, the Absa PMI has managed to rise by nearly 3 index points in November to a reading of 48.2. For more detail on what the reading suggests about the health of SA's manufacturing sector, Business Day TV spoke to Sello Sekele, Economist at Absa CIB.
Tiger Brands says its annual performance reflects a challenging trading environment market by high food inflation, cost-conscious consumers, a depreciating rand and unreliable electricity supply. Business Day TV spoke to the group's CEO Tjaart Kruger for more insight.
South Africa's table grape industry is confronting a season of mounting concerns as port crises and power cuts continue to trigger equipment breakdowns and delays at Durban and Cape Town port terminals; resulting in millions of losses in export earnings. Business Day TV spoke to Business Day's Denene Erasmus for more detail on the story.
Independent Analyst, Jacques Pretorius joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Thamsanqa Netha from Shiloh Capital and Ricus Reeders from PSG Hole in One Ruimsig Stock Watch
PGM miners have been dealt many blows in 2023, including higher costs associated with load shedding and lower metal prices. Business Day TV caught up with the Head of PGMs & Chief Sustainability officer at Afriforesight, Deborah Chikukwa and she shared her outlook for the industry.
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers.
The SA Union of Students (SAUS) has sounded the alarm on the National Student Financial Aid Scheme (NSFAS) saying it is on the brink of collapse but NSFAS has refuted the claims. For more insight, Business Day TV spoke to NSFAS spokesperson Ishmael Mnisi.
Mozambique held local elections in early October but the results announced by the election commission threaten to spark a political crisis. Business Day TV spoke to Louw Nel, Senior Political Analyst at Oxford Economics Africa, for his take on the fraught political situation and its potential impact on the country's economy.
The National Council of Provinces is set to sign off on the National Health Insurance (NHI) Bill and this will allow the government to run with its plan for state administered healthcare. But critics says the system will fail to deliver even the most basic of healthcare services. Business Day TV spoke to Financial Mail editor, Rose Rose for more detail on the story.
Climate finance in SA needs to increase by up to fivefold if the country is going to meet its globally committed climate targets by 2023, according to the SA Climate Finance Landscape report released by the presidential climate commission. To unpack if this is possible, Business Day TV spoke to Happy Khambule, Environment & Energy Manager at Busa.
Annatjie Van Rooyen from MyWealth Investments joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Vukile Property Fund has described its half-year results as 'exceptional'. The commercial property group has posted a 5.2% rise in funds from operations and a 10% increase in its interim dividend, as it benefitted from a strong showing in both South Africa and Spain. Business Day TV discussed the performance with CEO Laurence Rapp.
The 28th session of the Conference of the Parties (COP28) is underway in Dubai. Business Day TV discussed COP28's prospects and challenges with Nigel Beck, Head of Sustainable Finance & ESG Advisory at RMB.
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
On this episode of Stock Picks, Financial Mail's Marc Hasenfuss takes a closer look at Jubliee, Wesizwe, Renergen, Mahube, Caxton, TransPaco, Sun International and Astoria. Stock Watch
Following a second revision of its inflation measure, Zimbabwe’s CPI jumped by nearly 22% in November from almost 18% previously. This defying the downward trend experienced after previous revisions. Business Day TV unpacked the detail of this with Development Economist, Prosper Chitambara.
Opposition parties, including the DA, IFP, and ActionSA, have formed a coalition, backed by the Afrikanerbond, aiming to unseat the ANC in the 2024 elections. This multiparty charter is committed to addressing issues like crime and corruption, by excluding collaboration with the ANC and EFF. Business Day TV spoke with journalist Thando Maeko for greater perspective on the move.
With the festive season fast approaching, Business Day TV caught up with Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council SA for his take on whether the sector can shrug off the effects of load-shedding and make the most of the upcoming holidays.
Wayne McCurrie from FNB Wealth and Investments joins Business Day TV for a broader look at the day's market movers
Tackling your questions tonight is Roy Mutooni from Sanlam Investments and Shane Watkins from All Weather Capital Stock Watch
Gary Booysen from Rand Swiss joins Business Day TV for a broader look at the day's market movers
Delta Property Fund has been hit by a double whammy. During its half year, the group had to deal with elevated interest rates and increased vacancy rates and this weighed on its performance, as funds from operations fell 11.1%. Business Day TV spoke to the CEO of Delta Property Fund Bongi Masinga for more insight.
On this episode of Stock Picks, Chantal Marx from FNB Wealth & Investments takes a closer look at Harmony Gold, Textainer, Truworths, Transaction Capital, Murray & Roberts and Impala Platinum. Stock Watch
African economies are displaying increasing growth divergences. To unpack the detail of this, Business Day TV caught up with Ridle Markus, SSA Macroeconomist at Absa CIB.
A senior Volkswagen executive has commented that he is 'very worried' about the future of the company's operations in South Africa given persistent power cuts and logistics challenges. Business Day TV spoke to Financial Mail Editor-at-Large, David Furlonger for his take on the situation and whether he believes the current challenges in SA would be enough to prompt VW to exit the country.
Organised business has appealed to the National Council of Provinces (NCOP) to delay its vote on the National Health Insurance (NHI) Bill and send it back to parliament's select committee on health & social welfare so that MPs can relook it. The committee approved the bill last week without making any changes and Business Unity SA (Busa) and Business for SA (B4SA) believe this shows that the committee ignored the constitutional issues raised by four provinces and a wide range of stakeholders. For more insight on that, Business Day TV spoke to B4SA chair Martin Kingston.
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at this afternoon's market performance
A review of the week's stock performances and answers to viewers’ stock related questions with Independent Analyst, Jimmy Moyaha. Stock Watch
Jacobus Brink from Schmidt Family Office joins Business Day TV for a broader look at this afternoon's market performance
According to PwC’s Africa Energy Review 2023, the continent’s energy transition journey is faring well and is on track to meet the Paris Agreement targets. Business Day TV explored the findings of the review in greater detail with Pedro Omontuemhen, Africa Oil & Gas Leader at PwC.
The rand rigging scandal is back in the spotlight with reports citing that banks fingered in the ordeal bagged R1trn per day. The Financial Mail has however pointed out that the numbers do not add up and suggests that this is being politicized by the ruling party ahead of next year’s election. Business Day TV spoke to the publication's editor, Rob Rose for more detail.
The year's biggest shopping event, Black Friday, is taking place in a tough economic climate where consumers are having to count every rand as high interest rates and elevated inflation eat into disposable incomes. Business Day TV spoke to Tumelo Ramugond, Head of Credit Card at Standard Bank for greater perspective on consumer spending trends during this period.
The Monetary Policy Committee (MPC) has decided to keep the repo rate on hold at 8.25%. To unpack this decision, Business Day TV spoke to Koketso Mano, Senior Economist at FNB and Portfolio Manager for Fixed Income at Sanlam Investments, James Turp.
Investors have shied away from stocks that benefit from growing geopolitical conflicts. Trends have shown that investors have weighed markets wisdom against human morality in times of war; often investing in alignment with their human values. Business Day TV sits down with Jameel Ahmad, Chief Analyst for GTC Dubai to discuss investor sentiment during times of conflict.
Tackling your questions tonight is Gary Booysen from Rand Swiss and Grant Nader from Benguela Global Fund Managers Stock Watch
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers.
Despite taking a R63m hit, related to costs associated with load shedding, KAL Group has managed to deliver upbeat earnings. During the full year period recurring headline earnings per share increased by 7.2%, boosted by a near 43% jump in revenue. Business Day TV unpacked the numbers with company CEO, Sean Walsh.
Business Day TV speaks to Tarris Arnold from Luno about the current trends playing out in the cryptocurrency market.
Nigerian President, Bola Tinubu's reform agenda is taking shape. The West African nation has passed its 2024-2026 medium-term expenditure framework tallying next year's budget and expected reform costs. As things stand, revenue of N17trn undershoots expected spend of N24trn for next year. Business Day TV spoke to Pieter Scribante, Senior Political Economist at Oxford Economics Africa for more detail.
Members of Parliament have voted for the removal of two judges in SA - John Hlophe and Nkola Motata. Hlophe was found guilty of misconduct for allegedly trying to influence the Constitutional Court in a matter involving former president Jacob Zuma. He continues to contest the findings in ongoing legal proceedings. Meanwhile, Motata, initially convicted of drunk driving in 2007 and later found guilty of misconduct, is facing renewed scrutiny after the Supreme Court of Appeal overturned a prior decision, ordering the Judicial Service Commission to recommend his removal. Business Day TV unpacked these proceedings in greater detail now with legal writer for Business Day, Tauriq Moosa.
Jason Quinn is no longer an executive employee at Absa. He leaves the position of Financial Director at the lender after 7 years in the position to step into Nedbank's offices as CEO at the end of May next year. He will replace current Nedbank CEO MIke Brown. Business Day TV spoke to Banking Analyst and Portfolio Manager at Denker Capital, Kokkie Kooyman for his assessment of the move.
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Antonio Senatore from Cartesian Capital joins Business Day TV for a broader look at the day's market movers
Nvidia has beat analysts profit expectations, with third quarter earnings per share surging to $4.02. The performance comes as revenue more than tripled during the period, as the company continued to benefit from the artificial intelligence boom. Business Day TV unpacked the numbers with the Co-founder and CIO at Anbro Capital, Craig Antonie.
On this edition of Stock Picks, Peter Armitage from Anchor Capital unpacked Vodacom, MTN and Blue Label. Stock Watch
Sub-Saharan Africa has roughly 144 mobile money operators. This indicative of the relationship between technology and the continent's unbanked population. Business Day TV explored the relationship in greater detail with Sisonke Mgwebi, Consultant at Frost & Sullivan with specific focus on earned wage access.
The S&P Global has maintained South Africa's rating but has warned of risks, anticipating slower economic growth and an increase in public debt. Editor-At-Large for Business Day, Hilary Joffe joined Business Day TV for a detailed analysis of the ratings agency's outlook.
Food and fuel prices are responsible for yet another increase in the inflation rate. Inflation accelerated to a five-month high
of 5.9% in October from 5.4% the previous month. Kevin Lings, Chief Economist at Stanlib joined Business Day TV to unpack the print in greater detail.
Wessel Joubert from Oyster Catcher Investments joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Rowan Williams from Nitrogen Fund Managers Stock Watch
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
Business sentiment slipped in the fourth quarter. The RMB/BER confidence index dropped by two points to 31 in the fourth quarter, largely due to a sharp deterioration in sentiment among new vehicle dealers. Business Day TV spoke to RMB Economist Siobhan Redford for more insight.
In 2017, the competition Commission brought 28 banks under investigation for price fixing involving the rand. Standard Chartered Bank is the second institution to agree to settle with the Commission after the scandal was exposed. Business Day TV spoke to Andre Cilliers, Director & Currency Strategist at Treasury-One, and discussed what rand manipulation is, as well as its impact on the South African Economy.
African Bank's earnings have come under pressure. Profit for the year slumped over 31% to R505 million, as the lender's bad debts rose. Business Day TV discussed the annual performance with Zweli Manyathi, Group Executive for Business Banking at African Bank.
Vodacom is set to unveil a strategic master plan as it looks to dominate the African remittance market. With a goal of turning their mobile platform into a competitive remittance hub, the telecoms company aims to challenge rivals by offering lower fees. Technology Correspondent for Business Day, Mudiwa Gavaza unpacked the company's plan with Business Day TV.
On this edition of Stock Picks, Gary Booysen from Rand Swiss analyses Astral, Deree & Co as well as Johnson & Johnson. Stock Watch
Telkom's interim headline earnings per share have grown by almost 47% thanks to lower depreciation charges and growth in core profit. The group has also announced that it is in exclusive negotiations with a consortium to sell its towers business. Business Day TV unpacked the detail of the group's financial and strategy with CEO Sermae Taukobong.
Robert Towell from Sasfin Wealth joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Deryck Janse Van Rensburg from Anchor and Devin Shutte from The Robert Group Stock Watch
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
Netcare has shrugged off challenges resulting from the tough macroeconomic environment. The private healthcare group has delivered on all its operational and strategic targets over the past financial year, resulting in adjusted headline earnings per share jumping 27%. Business Day TV discussed the performance with Group CEO Richard Friedland.
Barloworld has delivered what it calls a pleasing annual performance. The diversified industrial group posted a 5.5% increase in headline earnings per share from continuing operations, citing strategy execution and better-than-expected trading. Business Day TV spoke to Group CEO Dominic Sewela for more detail.
Astral has taken a R2.1 billion hit on the back of costs associated with power cuts, water shortages and the recent avian flu outbreak. As such, profits came under pressure, resulting in the chicken producer reporting its first annual loss in its 23-year history. Business Day TV caught up with company CEO Chris Schutte for further insight on the performance.
PPC has returned to profit. The cement maker has posted headline earnings per share of 26 cents for the half year, from a loss of 5 cents previously. The results follow an improved performance across its markets despite a difficult trading environment. Business Day TV unpacked the results with PPC's CEO Roland van Wijnen.
Herenya Capital founder, Petri Redelinghuys provides technical analysis on FirstRand, Richemont and Alibaba.
Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB about consumer inflation data released by Nigeria, Botswana and Ghana.
Sasol had to cancel its AGM following disruption by protesters. Business Day TV spoke to Energy Writer for Business Day, Denene Erasmus for more detail.
Omnia has posted a 4% drop in interim profit due to lower fertiliser prices. Business Day TV unpacked the performance with the group's CEO Seelan Gobalsamy.
Muhammed Wagley from Sasfin Wealth joins Business Day TV for a broader look at this afternoon's market performance
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
Tackling your questions tonight is Jarred Houston from All Weather Capital and Thamsanqa Netha from Shiloh Capital Stock Watch
Muhammed Wagley from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
Emira Property Fund has been hit by a triple whammy. During the interim period the property company had to deal with the effects of the sale of Enyuka Property Fund, high interest rates and downbeat income from its US investments. This resulted in an 18% decline in distributable earnings. Business Day TV unpacked the numbers with company CEO, Geoff Jennett.
Investec has reported an increase in its interim headline earnings per share of just over 15%, citing higher loan volumes, corporate deposits and funds under management. Business Day TV spoke to CEO Richard Wainwright for more detail.
Life Healthcare's shareholders are in for a bumper payday once the firm manages to sell its UK-based diagnostic imaging services subsidiary Alliance Medical Group. Business Day TV caught up with Life Healthcare CEO Peter Wharton-Hood to discuss what still needs to happen with regards to that transaction and he also gave insight into the company's annual financial results.
Transnet's failings have pushed companies to make use of trucks with the number of trucks on South Africa's roads climbing 48%. But, road freight comes with its own challenges. To unpack the detail of the story, Business Day TV spoke to Financial Mail's Money Editor, Giulietta Talevi.
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Dipula Income Fund has reported an 1.8% increase in net property income and in an improvement in vacancy levels but this did not filter through to the REIT's bottom line as distributable earnings fell 6.9%. Business Day TV caught up with the company's CEO, Izak Petersen for further insight on the full-year performance.
Nesi Chetty from Stanlib joins Business Day TV for a broader look at the day's market movers
South Africa’s retail sales rose 0.9% in September, after nine consecutive months of decline. The increase was largely driven by higher sales of textiles, clothing, footwear and leather goods. Business Day TV unpacked the print with Siobhan Redford, Economist at RMB.
MultiChoice has reported a 1% drop in interim revenue and a 5% fall in core headline earnings, citing foreign exchange volatility and consumer pressure. Business Day TV spoke to the Group CFO Tim Jacobs for more detail on the performance.
On this episode of Stock Picks, Financial Mail's Marc Hassenfuss analyses Brait, Altron and Brimstone. Stock Watch
Business Day TV caught up with Daniel Kavishe, Africa Economist at RMB for a closer look at the changes in Kenya's tax regime and whether those efforts are bearing fruit for the East African nation.
The Competition Commission's foreign exchange case is back in court, with the banks charging that the commission must show that all 28 institutions were part of the alleged conspiracy to manipulate the rand before the case can go ahead. Business Day's Editor-At-Large, Hilary Joffe has been closely following the developments and spoke to Business Day TV about the details of the case and its implications.
Seleho Tsatsi from Anchor Capital joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Alex Duys from Umthombo Wealth and Mark Du Toit from Oyster Catcher Investments Stock Watch
Lonwabo Maqubela from Perpetua joins Business Day TV for a broader look at the day's market movers
Sasol has faced shareholder pushback for its perceived lack of clarity on greenhouse gas emissions. Business Day TV spoke to Graeme Körner from Körner Perspective about his expectations for Sasol's upcoming AGM.
Growing demand in the self storage space has worked in Stor-Age's favour. During the interim period the group recorded a 2.2% increase in its dividend per share, boosted by a 16.9% jump in property revenue. Business Day TV unpacked the company's results with CEO Gavin Lucas.
Recent media reports suggest that South African farmers that fail to meet BEE requirements may face export restrictions to the EU and UK but industry bodies have refuted these claims. Denene Eramsus, Business Day writer joined Business Day TV to discuss this in greater detail.
On this edition of stock picks, Anthony Clark from SmallTalkDailyResearch unpacked Combined Motor Holdings, City Lodge and Premier Group. Stock Watch
The African Continental Free Trade Area agreement is hailed as the biggest free trade accord in the world. As trade agreements start taking shape on the continent, Michael Muhangi, Head of Trans-Regional Clients, Africa Regions for Business and Commercial Banking at Standard Bank Group joined Business Day TV to explore the opportunities linked to continental integration and how financial institutions need to position themselves to fund intra-Africa trade.
South Africa’s labour market registered 399,000 additional jobs in the third quarter. With nearly 17 million people employed during the period, the official unemployment rate now sits at 31.9%, down from 32.6% previously. Business Day TV unpacked the print in greater detail with Nthabiseng Moleko, Economist at Stellenbosch Business School.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Ricus Reeders from PSG Hole In one Ruimsig and Drikus Combrinck, Capicraft Stock Watch
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
Altron's reported improved half-year revenue and profitability from continuing operations. Business Day TV spoke to the firm's group CEO, Werner Kapp, to unpack the company's interim performance.
Raubex has reported double-digit profit growth in the six months to August. The firm says this is largely due to the diversity of its operations which helped it weather difficult macroeconomic conditions. Business Day TV caught up with Raubex CEO, Felicia Msiza for more detail.
Africa's telecoms sector is expected to grow at an annual growth rate of 4.6%. To discuss what will drive this growth and for a closer look at the opportunities and challenges for industry players, Business Day TV spoke to Arthur Goldstuck from World Wide Worx.
The department of home affairs has proposed that the government review the international treaty concerning refugee protection as it proposes the biggest overhaul of South Africa's immigration in a generation. To unpack the detail of the potential changes, Business Day TV spoke to Companies and Markets Editor at Business Day, Kabelo Khumalo
Vodacom has reported a drop in its interim operating profit as it's had to shoulder the start-up losses of its operations in Ethiopia but the mobile phone operator says its investments there will pay off. Business Day TV spoke to the firm's CEO Shameel Joosub for more detail.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon's market performance
Ricus Reeders from PSG Hole In One Ruimsig joins Business Day TV for a broader look at this afternoon's market performance
A review of the week's stock performances with David Shapiro from Sasfin Securities. Stock Watch
Wayne McCurrie from FNB Wealth & Investments joins Business Day TV for a broader look at this afternoon's market performance
Revenue from South Africa, Kenya and Ghana’s entertainment industry is projected to grow at a 5.5% compound growth annual rate between now and 2027. That’s according to PwC’s latest Africa Entertainment & Media Outlook 2023–2027 report. The company’s Africa Entertainment and Media Leader, Alinah Motaung joined Business Day TV for more insight into the report and its findings.
The Judicial Service Commission has come under fire for not appointing qualified candidates for Supreme Court of Appeal seats. The JSC sought to recommend candidates to fill judicial vacancies at the SCA, the Gauteng High Court, the labour court and others but it has only recommended two names for the SCA’s four vacancies. Business Day TV spoke to Tauriq Moosa, a legal writer for Business Day for more detail.
Tackling your questions tonight is Roy Mutooni from Sanlam Investments and Grant Nader from Benguela Global Fund Managers Stock Watch
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers.
Business Day TV speaks to Tarris Arnold, Business Development Manager at Luno, about the activity playing out in the crypto scene.
Ford is investing over R5 billion at its Silverton plant in South Africa. The funds will go towards building the country's first ever plug-in electric hybrid Ranger. Business Day TV caught up with the President for Africa at Ford Moter Company, Neale Hill for further insight on these plans
We unpack the aftermath of the 2023 AGOA forum, delving into the possibility of an improved AGOA from the U.S. We explore the impact on both the U.S. and Africa, touching on issues like human rights and geopolitical intricacies. Dr. Gideon Chitanga from Wits University's African Centre for the Study of the United States shares insights on diverse perspectives, including calls for early renewal and the uneven benefits across the continent.
Roughly a month post protests in Ghana against the cost-of-living crisis, inflation has eased to a year low of 38%. The West African nation has also reached a staff-level agreement on the first review of a $3 billion loan programme paving the way for a disbursement of $600 million. Leeuwner Esterhuysen, Economist at Oxford Economics Africa joined Business Day TV with his outlook on Ghana's economy
The Public Protector House in Pretoria, marked by remnants of Busisiwe Mkhwebane's controversial tenure, reflects a tumultuous past. As Advocate Kholeka Gcaleka steps in, questions arise about her alignment with predecessors Thuli Madonsela or Mkhwebane. The youngest in the position, Gcaleka faces scrutiny over her political journey and proposed office reforms. Natasha Marrian from Financial Mail spoke with Business Day for an in-depth discussion on leadership expectations.
Tackling your questions tonight is Grant Nader from Benguela Global Fund Managers and Graeme Körner from Körner Perspective Stock Watch
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers
Sun International has posted an 11.7% rise in interim income, with growth across all its operations as it benefited from a recovery in business travel. Business Day TV spoke to Sun International's CEO, Anthony Leeming, to unpack the performance and the group's outlook.
The African Union has been made a permanent member of the G20. This marks the first expansion of the bloc since its inception in 1999. The inclusion should give the AU the same status as the EU which is currently the only regional bloc with full membership. Business Day TV discussed the significance of the move with Everisto Benyera, African Politics Associate Professor in the Department of Political Sciences at Unisa.
By 2030, power utility Eskom will need to have invested at least R210bn to expand its transmission grid. This may be possible as international lenders have come forward offering multibillion-rand loans. But what's the catch? Business Day TV posed this question to Independent Energy Analyst, Tshepo Kgadima.
Herenya Capital founder, Petri Redelinghuys provides technical analysis on Thungela, Mr Price and FirstRand.
On this episode we learn how on-selling and third-party marketplaces create opportunities for entrepreneurs.
It is not getting easier so we are here to help with ways on how to mitigate costs in tough conditions.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon's market performance
In this episode we take a look at how digital banking can empower small businesses in Mzansi.
Asanda Notshe from Mazi Asset Management joins Business Day TV for a broader look at the day's market movers
Thamsanqa Netha from Shiloh Capital takes a look at the week's market activity and the stocks that are offering value right now. Stock Watch
Former Johannesburg Mayor Herman Mashaba in the wake of a devastating fire at 80 Albert Street, has raised pressing questions about the necessity of a commission of inquiry give that this is not the first tragedy of this nature in the city and the challenges are well known by officials. The fire tragically claimed the lives of at least 77 individuals, casting a harsh spotlight on enduring challenges like building hijackings and governmental neglect. For more on the story, Business Day TV spoke to Financial Mail's Rob Rose.
TransUnion's third quarter Consumer Pulse Study shows that shoppers are optimistic about their financial futures despite higher interest rates and high levels of unemployment. Business Day TV unpacked the print with Weihan Sun, Director of Research and Consulting at TransUnion Africa.
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Drikus Combrinck from Capicraft and Alex Duys from Umthombo Wealth Stock Watch
South Africa's largest life insurance group Sanlam has posted a 118% jump in half year headline earnings per share as it benefitted from lower death claims. Business Day TV spoke to Abigail Mukhuba, Financial Director at Sanlam for more insight.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers.
Perceptions of an improving economic outlook boosted South Africa's consumer confidence in the third quarter. But the reading is still well below the long-running average, signalling a lack of willingness for South African consumers to spend. Business Day TV unpacked that print with FNB Chief Economist, Mamello Matikinca-Ngwenya.
During a recent briefing to Parliament's Standing Committee on the Auditor-General, it was revealed that in the 2021/2022 financial year, South African municipalities racked up R4.74bn in fruitless and wasteful expenditure. This alarming figure underscores the challenges facing local governments, including inadequate skills, financial constraints, governance issues, and a lack of accountability. Business Day TV unpacked the critical role of municipalities in SA and the impact of their dysfunctionalities; from political instability to the politicization of service delivery with Group Chief Advisor for Ntiyiso Consulting , Miyelani Holeni and Research Professor at Wits University, Mike Muller.
Most regional leaders have snubbed President Emmerson Mnangagwa's inauguration this week amid a scathing preliminary report by the SADC observer mission, led by Zambia's former VP Nevers Mumba on the recent polls. Business Day TV spoke to Louw Nel, Senior Political Analyst at Oxford Economics Africa for more insight.
Zimbabwe's recent re-election of President Emmerson Mnangagwa has garnered attention and sparked discussions among citizens. According to reports from the Financial Mail, there is a growing consideration among Zimbabweans to move to South Africa, driven by various factors, including economic challenges in the country. Business Day TV spoke to Financial Mail's Shirley de Villiers about the potential impact of this migration on South Africa's stability and labour market.
Last month the Energy Bounce-Back Loan Guarantee Scheme was launched to help ease the impact of load shedding, but South Africa is still in the throes of stage 6 rolling blackouts. So just how effective can we expect this scheme to be? Business Day TV spoke to Willie Cronje, Professor in the Electricity and Information Engineering Department at Wits University for his take.
Peter Armitage from Anchor Capital joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Ricus Reeders from PSG Wealth Ruimsig and Wayne McCurrie from FNB Wealth & Investments Stock Watch
According to the BER Price/Income Elasticity study, beer prices have increased more than any other type of categories in the liquor market. Business Day Tv caught up with the CEO of South African Breweries, Richard Rivett-Carnac and unpacked the state of the beer economy.
Investors are positive on the global ETF market, expecting the industry to triple in the next decade. Business Day TV caught up with Michelle Noth, Head of Financial Intermediaries at 10X Investments for further insight of the factors driving growth in that market.
Business Day TV pays tribute to the C-suite executives of most South African homes, the gogos. We look into the benefits of bridging the technological gap between South Africa's youth and gogos.
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers
On this episode of Stock Picks, Barry Dumas from Trive Investments unpacks Chevron Corporation, The Home Depot, and Uber Technologies. Stock Watch
The first ever Africa Climate Summit has wrapped up and NGO, Fossil Free SA has highlighted some concerns about the conference. Business Day TV spoke to the body's co-ordinator, David Le Page for more insight.
The RMB/BER Business Confidence Index has regained some ground in the third quarter with a reading of 33. That's from 27 in the second quarter.
But despite the improvement, sentiment is still very weak. To discuss this in more detail, Business Day TV spoke to RMB's Isaah Mhlanga.
Volkswagen has revealed its latest innovation - an electric GTI. The motoring brand is said to have produced a dynamic blend of cutting-edge exterior design, a high-tech interior as well as a thrilling electric performance. Business Day TV spoke to Phuti Mpyane, Senior motoring correspondent for Business Day for more detail.
Sithembile Bopela from FNB Wealth and Investments joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Mark Du Toit from Oyster Catcher Investment and Sanelisiwe Tofile from All Weather Capital Stock Watch
Robert Towell from Sasfin Securities joins Business Day TV for a broader look at the day's market movers
The Industrial Development Corporation of South Africa (IDC) is offering a R3 billion credit facility to eligible non-bank intermediaries, to expand its funding reach to black-owned small, medium and micro enterprises (SMMEs), and help address the funding challenges faced by many small businesses. Business Day TV spoke to Sonja Loggenberg, Head of Partnership Programmes at the IDC for more detail.
South African bonds have taken a knock, as sentiment on emerging market assets soured over the past month on the back of Chinese growth fears. Business Day TV caught up with Bond Trader at RMB, Michelle Wohlberg for more insight.
Shoprite has weathered challenging trading conditions. During the annual period the retailer delivered a near 17% jump in sale of merchandise which translated into a 9.6% increase in headline earnings per share. Business Day TV unpacked the annual performance with CEO, Pieter Engelbrecht.
Gary Booysen from Rand Swiss discussed Blackrock, Electronic Arts and Chipotle in this edition of Stock Picks. Stock Watch
Africa's inaugural climate summit is underway in Kenya. Leaders and industry players are meeting to find African solutions to the climate crisis amid the global net-zero emissions journey. Business Day TV spoke to Josephine Wawira from the Kenya Private Sector Alliance for more detail on the agenda at the summit.
South Africa's economy managed to eke out growth 0.6% in the second quarter. This against analyst expectations of
a 0.3% lift. The expansion was mainly driven by a 2.2% growth in the manufacturing sector during the period. Business Day TV unpacked the print in greater detail with Kevin Lings, Chief Economist at Stanlib.
The IMF has warned that South Africa's interest bill on its growing public debt could triple the size of its health budget within five years, and it is projecting a rise in government debt from 19% to 27% by 2028. Despite this, the IMF assesses South Africa's risk of debt distress as 'moderate' due to its robust financial markets and strong monetary policy. Business Day TV spoke with Business Day's Editor-At-Large Hilary Joffe who gave further insight on the projection.
Jaco Eager from Rand Swiss joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Rowan Williams from Nitrogen Fund Managers and Independent Analyst, Karl Gevers Stock Watch
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at the day's market movers
Lower production and weaker commodity prices weighed on African Rainbow Minerals' earnings. The diversified miner's annual headline earnings per share fell 21% and it's lowered its dividend by 40%. Business Day TV spoke to Group CEO Phillip Tobias for more detail.
Sea Harvest has reeled in profit growth during its half year. The fishing group has posted a 19% increase in headline earnings per share, as it benefited from strong demand for its products which helped it push through higher prices. Business Day TV spoke to Group CEO Felix Ratheb for more insight on the results
Bidvest has delivered upbeat profit growth, with annual headline earnings per share rising 24.5%. This comes as the industrial conglomorate recorded growth across all of its seven divisions. Business Day Tv caught up with company's CEO, Mpumi Madisa for further insight on the group's full-year performance.
Unam Capital's Loyiso Mpeta provides a QuanTech mental analysis on Blue Label, Prosus, Pepkor, Sibanye Still-Water and Motus.
Technology is changing the face of various jobs and how we go about creating them. Business Day TV explored the relationship between job creation and technology adoption in Africa in greater detail with Sisoke Mgwebi, Consultant for Frost & Sullivan.
The South African government is exploring partnerships with foreign entities to grow its electric vehicle manufacturing sector; with a focus on sustainability, as highlighted by Minister Ebrahim Patel at a recent conference. Deputy Finance Minister David Masondo also hinted at an upcoming EV-related support package to be announced in October. Business Day TV spoke with Financial Mail's David Furlonger who discussed the development of the sector.
The full report related to the docking of Russian cargo vessel, Lady R which sparked diplomatic issues between South Africa and the U.S will not be made public. Civil society organisation, OUTA has in the meantime, called for transparency on this issue. Business Day TV spoke to OUTA CEO, Wayne Duvenage for his take on where things are at.
Annatjie Van Rooyen from My Wealth Investments joins Business Day TV for a broader look at this afternoon's market performance
Simon Brown from Just One Lap joins Business Day TV for a broader look at the day's market movers
Chantal Marx from FNB Wealth and Investments takes a look at all the corporate action that played out this week and which stocks caught her attention amidst it all. Stock Watch
In a recent competition commission investigation, South African e-commerce giant Takealot finds itself disappointed with the outcome. The Competition Commission has called for the company to split its marketplace and retail businesses; citing concerns about favouritism and the need for a level playing field for small and black-owned businesses. To unpack the story in more detail, Business Day TV spoke to Technology Correspondent for Business Day, Mudiwa Gavaza.
Patrice Rassou from Ashburton Investments joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Deryck Janse Van Rensburg from Anchor and Roy Mutooni from Sanlam Investments Stock Watch
Impala Platinum's annual performance took a knock. During the period the miner had to contend with higher costs, lower mental prices and write-downs and those contributed to a 43% drop in headline earnings per share. Business Day TV discussed the performance with CEO Nico Muller.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers.
With unemployment currently at a staggering 32.6%, the need for effective employment strategies is urgent. Business Day TV discussed this with the CEO of YES, Ravi Naidoo and independent economist, Duma Gqubule.
Experts have drawn connections between economic growth issues and how it fuels coups. To unpack this in detail, Business Day TV caught up with Pieter Scribante, Political Economist at Oxford Economics Africa.
In a comprehensive report that sheds light on a critical aspect of corporate integrity, Financial Mail has taken a closer look at the case of EOH; a company that has faced a tumultuous journey marked by allegations of corruption and mismanagement. Business Day TV discussed the detail with Marc Hasenfuss from Financial Mail.
Santam has more than doubled its interim profit. South Africa's largest short term insurer has posted a 146% surge in headline earnings per share, despite adverse weather conditions during the period which drove up claims. Given the strong performance, Santam has upped its dividend by 7%. Business Day TV spoke to the company's CFO, Wikus Olivier for more detail.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
High finance costs and increased levels of load-shedding have weighed on KAP Industrial. The industrial, chemicals and logistics group recorded a 43% plunge in headline earnings per share. Business Day TV caught up with the company's CEO Gary Chaplin for greater analysis on the annual performance.
BidCorp has weathered tough economic conditions. During the annual period the international food services group delivered a 33.4% increase in revenue and a 35.4% jump in headline earnings per share. Business Day TV unpacked the company's performance with CEO Bernard Benson.
Lonwabo Maqubela from Perpetua joins Business Day TV for a broader look at the day's market movers
Aspen posted a 4% drop in annual profit, impacted by higher inflation and a drop in COVID-19 vaccine sales. Business Day TV discussed the results with Group CEO Stephen Saad.
Higher operating costs and inflation heavily impacted Cashbuild's annual performance. The building materials retailer has reported a 56% plunge in annual operating profit and has cut its dividend by 42% . Business Day TV unpacked the performance with CEO Werner de Jager.
Stadio's mid-year report boasts strong growth and profitability. During the first semester, student numbers increased by 9% with profit
jumping more than a fifth. Business Day TV unpacked the performance with the group's CEO, Chris Vorster.
Harmony Gold is back in the black. The yellow metal miner has posted a $275m profit for the year to end June from a net loss of $48m in the prior period. The swing was supported by increased output and better grades at some of its underground mines in South Africa. Its flagship Mponeng mine was a particular standout with production there jumping 22%. Business Day TV spoke to the CEO of Harmony Gold, Peter Steenkamp for more insight.
Motus' full-year revenue has accelerated by 16% due to positive contributions from all the automotive group's business segments. But the momentum failed to filter down to the bottom-line as headline earnings per share grew a tepid 1%. Business Day TV spoke to the company's CEO, Osman Arbee for more detail.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Chris Reddy from All Weather Capital Stock Watch
Super Group's diversification strategy has given it a boost. During the full-year period the logistics company reported a 30.6% jump in revenue while headline earnings per share came in 23.3% higher. Business Day Tv spoke to the company's CEO Peter Mountford, about the annual performance.
Simbongile Nyangintsimbi from Catersian Capital joins Business Day TV for a broader look at the day's market movers
The Democratic Alliance (DA) is expected to put forward a motion calling for fresh elections at this week's council meeting. The DA believes the dissolution will give voters a chance to elect a new, 'more stable' city council. Belinda Kayser-Echeozonjoku, DA Caucus Leader in City of Johannesburg joined Business Day TV to unpack this decision.
On this episode of Stock Picks, Wessel Joubert from Oyster Catcher Investments delves into Bidcorp, Ab Inbev and British American Tobacco. Stock Watch
Zimbabwean opposition party, United Zimbabwe Alliance has condemned the manner in which the overall election took place. Business Day TV spoke to the party's president Elisabeth Valerio for more insight.
Transnet is suing Sasol and TotalEnergies for R1.3bn. The state-owned freight and ports company is accusing the firms of short-paying tariffs. Business Day TV unpacked the story in detail with Business Day's Kabelo Khumalo.
Master Drilling says it's had an excellent start to its 2023 financial year. The rock boring and drilling specialist has delivered a 12% jump in revenue for the six months to end June and an 8% rise in profit. Business Day TV drilled into the performance with the group's CFO, André van Deventer.
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Ricus Reeders from PSG Wealth Ruimsig and Grant Nader from Benguela Global Fund Managers Stock Watch
Italtile says its annual results have failed to meet the firm's expectations but it believes it has delivered a solid performance under very difficult circumstances. Business Day TV unpacked the details of the company's results with CEO Lance Foxcroft.
AdvTech has posted a 24% jump in half-year headline earnings per share as it continues to see strong demand for private education. Business Day TV discussed the results with the firm's CEO, Roy Douglas.
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers
Business Day TV speaks to Founder of Herenya Capital Petri Redelinghuys for his trade of the week.
Following the 15th BRICS Summit, Business Day TV caught up with David Monyae, Director of the Centre for Africa-China Studies at UJ for his take on the impact of China's aid and investment policies on African countries and what a deeper relationship between the parties means for the continent at large.
Amidst the flow of funds from the Treasury to fulfil Eskom's R254bn debt relief plan, a looming challenge lies in the escalation of outstanding debt owed by local municipalities; threatening the power utilities' financial stability. Business Day TV spoke to energy writer for Business Day, Denene Erasmus for more detail.
The Southern Africa Telecommunication Networks and Applications Conference, known as SATNAC is underway with industry giants and innovators gathered to focus on some of the latest developments in the global ICT space and right now it's all about Artificial Intelligence. To discuss the topic in detail, Business Day TV spoke to Mmaki Jantjies, Group Executive for Innovation and Transformation at Telkom.
Percy Mathebula from Sentio Capital joins Business Day TV for a broader look at this afternoon's market performance
Richard Court, Argon Asset Management joins Business Day TV for a broader look at the day's market movers
The African Continental Free Trade Agreement has been lauded as the biggest free trade accord in the world. The agreement aims to boost intra-Africa trade by 60% as of next year. Unlocking trade and investment was a key focus at the 15th BRICS Summit this week. Business Day TV caught up with Stavros Nicolaou, Head of the BRICS Business Council at the event for more insight on how SA can leverage off the agreement.
The BRICS bloc of developing nations has concluded its 15th summit. Business Day TV spoke with reporter Ntaoleng Lechela and explored some of the pivotal discussions held at the summit this included a look at the bloc's expansion plans, currency shifts, and collaborative efforts toward a more inclusive global economy.
Grindrod has posted a 26% jump in interim core headline earnings as strong demand for logistics solutions offered a boost. The group saw its Maputo port increasing volumes by 30% during the period while its Mozambique dry-bulk terminals in Maputo grew volumes by 17%. Business Day TV unpacked the performance in greater detail with the company's CEO, Xolani Mbambo.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Sanelisiwe Tofile from All Weather Capital and Nick Kunze from Sanlam Private Wealth Stock Watch
Growth in Africa's key commodities came under pressure this year amid heightened geopolitical frictions and China's slow post-Covid recovery but the outlook has brightened with world growth set to pick ups and as supply chain and energy bottlenecks ease. Business Day TV discussed the outlook for Africa's commodities market with Vinesh Chetty, Head of Energy Commodities at Afriforesight.
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers.
Unemployment in South Africa is at a staggering 32.6%, casting a spotlight on the urgent need for effective employment strategies. This reality compels us to hold a magnifying glass to the essential components of successful employment programs as well as examine the role of government and the private sector partnerships. Business Day TV did this with CEO of YES, Ravi Naidoo and Independent Economist, Duma Gqubule.
Cocoa prices are soaring and while this is bad news for chocolate makers, the outcome for cocoa producers is sweet. Leeuwner Esterhuysen, Economist at Oxford Economics Africa discusse dhis outlook for the cocoa market and what this means for West Africa given that the region grows 70% of the world's cocoa.
Amidst the aftermath of the pandemic, South Africa's tourism sector is experiencing a revival. Club Med plans to build its first South African resort in KwaZulu-Natal. The move is being taken as a signal for renewed investor interest in local travel and tourism. The decision also comes despite challenges like load-shedding and high interest rates. Business Day TV spoke to Financial Mail's Giulietta Talevi for more detail.
With the BRICS summit underway, the spotlight has been put on relations between China and South Africa. Business Day TV reporter, Ntaoleng Lechela unpacked this in more detail in this report.
Wayne McCurrie from FNB Wealth & Investments joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Day 2 of the 15th BRICS Summit kicked off at the JSE, with a focus on the role of capital markets in driving sustainable economic growth. Business Day TV reporter Ntaoleng Lechela, spoke to Gauteng MEC for Economic Development, Tasneem Motara on the sidelines of the Summit.
Sasol has posted a 65% slide in earnings before interest and tax and has lowered its final dividend by 32%. The energy and chemicals business had to shoulder asset writedowns during its annual period, and had to contend with a softer brent crude oil price. Business Day TV unpacked the performance with Group CEO, Fleetwood Grobler.
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
Chantal Marx from FNB Wealth and Investments chose Aveng, Telkom, Coronation and Quilter as her picks on this edition of stock picks. Stock Watch
Tailings retreatment group, DRDGold has produced a 13% rise in headline earnings per share thanks to a higher gold price which helped offset a fall in output and sales. Business Day TV dug into the performance with the company's CEO, Niel Pretorius.
With the 15th BRICS Summit underway, Business Day TV reporter, Ntaoleng Lechela provides an update on the ongoing events at the conference.
We look closely at the ongoing 15th BRICS Summit and its role in driving global progress for member nations and emerging markets with Editor at Large for Business Day, Hilary Joffe. She spoke to Business Day TV about the potential for new BRICS members, trade and investment prospects, the de-dollarization trend, and strategies for South Africa to sustain its significance within the alliance.
David Shapiro from Sasfin Securities joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Graeme Körner, Korner Perspective and Ricus Reeders from PSG Wealth Ruimsig Stock Watch
Gary Booysen from Rand Swiss joins Business Day TV for a broader look at the day's market movers
Spur has posted an 80% jump in annual earnings per share. The restaurant group says growth was supported by its resilient business model. Business Day TV discussed the performance with CEO Val Nichas.
Independent analyst Jimmy Moyaha unpacks the investment case for Occidental Petroleum, Kering and Taiwan Semiconductor. Stock Watch
Nigeria's inflation sat at an 18-year high of 24.1% in July, largely driven by food and transport increases. Citizens have taken to the streets in protest against the cost-of-living crisis which has been exacerbated by the removal of the fuel subsidy. Business Day assessed Nigeria's price pressures in greater detail with Ridle Markus, SSA Macroeconomist at Absa CIB.
Hot on the heels of the 15th BRICS Summit President Ramaphosa announced that South Africa's load-shedding woes will end next year. The BRICS Bank in the meantime has committed to assist South Africa with its energy crisis. Mamiki Matlawa, Business Development Executive of ACTOM, a supplier of electrical equipment, is in attendance at the event, and Business Day TV spoke to her about the state of the country's manufacturing sector and its role in securing the continent's energy future.
Business Leadership South Africa (BLSA) has slammed the delay of the Electricity Regulation Amendment Bill. BLSA says the bill, which is facing administrative hurdles after gaining cabinet approval in March,
is central to the joint efforts of business and government to solve the electricity crisis. Business Day TV spoke with Linda Ensor from Business Day who provided further insight.
Karl Gevers, Independent Analyst joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Jonathan Fisher from PSG Wealth Sandton Grayston and Alex Duys and Umthombo Wealth Stock Watch
Downbeat coal prices and rail issues have hit Thungela Resources. During the interim period the miner reported a 67% plunge in headline earnings per share, this resulted in an 83% decline in its dividend. Business Day TV unpacked the company's half-year performance report with CEO, July Ndlovu.
Devin Shutte from The Robert Group joins Business Day TV for a broader look at the day's market movers
New learner enrollments have boosted Curro's profits. The private schooling group has posted a 3% rise in learner numbers and a 36% jump in recurring headline earnings per share. Despite the performance, Curro's board has decided to withhold half-year dividends. Business Day TV spoke to Curro's CEO Cobus Loubser, for more detail on the group's performance.
In Trade of The Week, Unam Capital's Loyiso Mpeta Loyiso Mpeta provides quantechmental analysis on Barloworld, Mondi, Mondi, Anglo American, Bidcorp and Investec.
With over 800 million mobile subscribers, Africa's ground is rich for establishing startups in the tech sector but the continent's startup ecosystem is still in its early stages. Founders Factory Africa has secured $113 million to help accelerate tech startup growth on the continent. Business Day TV spoke to Bongani Sithole, CEO of Founders Factory Africa for more insight on how to grow tech startups.
The BRICS summit will take place in Johannesburg on 22 August, under the theme 'BRICS & Africa'. Governments and leaders of 40 nations will be in attendance, discussing amongst others, equitable development, education transformation and African trade empowerment. Business Day TV's reporter, Ntaoleng Lechela discussed the outlook and development agenda of the summit.
Seven political parties have joined forces to form the Multiparty Charter of South Africa. The coalition is aimed at toppling the ANC in the 2024 national election. Business Day TV spoke to Political Analyst, Ongama Mtimka for his assessment of the body and its chances of success in the election.
Barry Dumas from Trive Investment SA joins Business Day TV for a broader look at this afternoon's market performance
Shaun Dendere from Trive Investments joins Business Day TV for a broader look at the day's market movers
Chantal Marx from FNB Wealth and Investments discusses the week's stock performances. Stock Watch
Cell C, the fourth-largest mobile operator in SA, is still battling a number of serious difficulties. Those being complex debt restructuring challenges, subpar performance, and a high CEO turnover rate. Business Day TV spoke with Business Day's Technology Corresponded, Mudiwa Gavaza who unpacked Cell C's challenges
America's regulatory crackdown on the crypto currency market has caused Bitcoin to drop to a two-month low. Business Day TV spoke to Christo de Wit from Luno for an in-depth assessment of the crypto currency market.
Louis Storm from Vega Capital joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight are Independent Analysts, Karl Gevers and Jimmy Moyaha Stock Watch
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers.
Lower thermal coal prices, logistics challenges and lower Eskom offtake weighed on Exxaro's interim performance. The miner's posted a 15% drop in revenue and that contributed to a 32% profit plunge. Business Day TV spoke to Group CEO, Nombasa Tsengwa for more insight on Exxaro's results.
Standard Bank has reported a profit bump, amid rising credit impairments. During the interim period the lender delivered a 34% jump in headline earnings per share, as it recorded growth across all of its units. Business Day TV spoke to the company's CEO, Sim Tshabalala.
Amid South Africa's load-shedding crisis that's affecting GDP-driving key sectors, the economic performance of the country is in focus, with a look at the manufacturing, mining, retail, agriculture along with insights into inflation and the latest GDP figures. Business day TV spoke with Independent Economist Elize Kruger AND Chief economist at Investec, Annabel Bishop who gave expert analysis on the country's economic performance.
Post the devastation of Cyclone Freddy, Mozambique's economy is on the mend. The East African nation grew 4.67% in the second quarter and is still betting on its LNG prospects for further improvement. Business Day TV assessed the state of Mozambique's economy with Gerrit Van Rooyen Economist at Oxford Economics Africa.
Gold Fields' interim profit has declined 11%. This as the miner had to contend with lower sales and production during the period. Despite this, the company has raised its interim dividend by 8.3% to 325c per share while keeping its full-year guidance unchanged. Business Day TV spoke to company's interim CEO, Martin Preece for his take on the performance.
Business morale has edged lower. In July the Sacci Business Confidence Index declined by 1.5 index points to 107.3. This as businesses struggle with power outages, slow growth and the impact of the Russia-Ukraine war on commodity prices. Business Day TV unpacked the print in greater detail with Mtho Xulu, President of Sacci.
Wessel Joubert from Oyster Catcher Investments joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
The International Monetary Fund has flagged a potential growth rate of 3% for South Africa, if the country tackles its structural issues. Business Day TV spoke to Max Alier, Resident Representative of the IMF, for more detail.
The local unit is taking strain, and is trading above the R19 mark against the dollar. The performance has mainly due to international factors like the stronger dollar and the health of the Chinese economy. Business Day TV caught up with Forex Structurer from RMB for more detail on the currency scene.
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
In this episode of stock picks, Faheema Adia from Momentum Securities looks at Reunert, Richemont and Ab Inbev. Stock Watch
The Central Bank of Kenya recently retained its interest rate at 10.50%. In the same region, Mozambique has received a credit rating upgrade from Moody's while Fitch did the same for Zambia. Business Day TV unpacked these developments with RMB's Africa Economist, Daniel Kavishe.
As South Africa faces an intensifying energy crisis and increased spending on solar panels and energy storage imports, it appears that the move towards renewable energy is gaining momentum. This shift, however, has highlighted a growth gap in the local manufacturing industry. Energy Writer for Business Day, Denene Erasmus spoke to Business Day TV about how South Africa is losing out on its on renewables boom.
Richard Spoor Attorneys is launching a class action lawsuit on behalf of coal mineworkers, as a number of coal workers suffer from coal mine dust lung disease and associated diseases. South32, BHP and Seriti Power are the targets of the action but the same is about to follow for Exxaro, Glencore and Anglo Coal. Business Day TV spoke to Richard Spoor, Human rights attorney at Richard Spoor Attorneys for more detail on the case.
Odwa Magwentshu from Trive Investments joins Business Day TV for a broader look at this afternoon's market performance
The Stats-SA Quarterly Labour Force Survey reports that SA's jobless rate edged lower in the second quarter, now sitting at 32.6%. Business Day TV discussed how South Africa can create a pipeline of skills leading to future emerging jobs for its workforce with Mapule Ncanywa, Chair of the BRICS Business Council Skills Group.
Tackling your questions tonight is Zwelakhe Mnguni from Benguela Global Fund Managers and Mark Du Toit from Oyster Catcher Investments Stock Watch
HomeChoice has hiked its interim dividend, lifting it by 9.3%. This comes despite reporting flat revenue and profits, with headline earnings per share coming in just over 143 cents. Business Day TV unpacked the numbers with the company's CEO, Sean Wibberley.
Martin Smith from Anchor Capital joins Business Day TV for a broader look at the day's market movers
On this episode of stock picks, Financial Mail's Marc Hasenfuss unpacks Argent, Gemfields and Hulamin. Stock Watch
Half of the African continent remains unbanked. This presents an opportunity for digital banking to grow on the continent given that
card payment infrastructure is lacking while mobile phone penetration is higher. Business Day TV spoke to Sisonke Mgwebi, Consultant at Frost & Sullivan for more insight on the rise of digital banking in Africa
Amid a prolonged legal battle, Capitec's bid to deduct the VAT that's tied to its loans and insurance policies is still under SARS' scrutiny. The bank warns that the Constitutional Court's possible verdict of favouring SARS could ripple through the banking sector, affecting credit availability and consumers. Kabelo Khumalo, Business Day's Company and Markets editor unpacked this in greater detail with Business Day TV.
South Africa's jobless rate improved slightly in the second quarter, falling to 32.6% from to 32.9% previously as five of the nine sectors monitored by Stats SA recorded employment gains during the period. Business Day TV unpacked the print in greater detail with Independent Economist, Duma Gqubule.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Drikus Combrinck from Capicraft and Alex Duys and Umthombo Wealth Stock Watch
Despite operating in a tough macroeconomic environment, MTN has delivered a rise in profit. During the interim period Africa's largest mobile operator reported a 7.1% increase in headline earnings per share. Business Day TV caught up with the company's CFO, Tsholo Molefe to discuss the numbers and the recent investment in MTN's fintech unit.
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
Absa has posted a near 3% rise in interim profit despite a rise in impairments. Elevated interest rates and higher inflation contributed to a jump in bad debts, with the bank recording a 70% surge in credit card impairments in the six months to end-June. Business Day TV spoke to Absa's Group Financial Director, Jason Quinn for more detail on the performance.
Founder of Herenya Capital, Petri Redelinghuys provided tech analysis on Woolworths, Richemont and Gold Fields.
According to UNESCO, 9 million girls between the ages of 6-11 years in Sub-Saharan Africa will never attend school compared to 6 million boys in that age category. Business Day TV spoke to Owen Skae, Director of Rhodes' Business School about bridging the education gap on the continent.
Former president Jacob Zuma will not return to prison after he was granted a remission of sentence. The remission sentence that Zuma qualified for is granted to 'low-risk' offenders and was introduced during his presidency in 2012. Business Day TV spoke to Sunday Times Reporter, Unathi Nkanjeni for more detail.
Absa's interim headline earnings per share rose by just 3%, as the lender battled the effects of higher interest rates and inflation which ultimately led to a 60% jump in credit impairments. Despite the performance, the group has upped its interim dividend by 5%. Business Day TV unpacked the performance in greater detail with Kokkie Kooyman, Banking Analyst at Denker Capital.
David Shapiro from Sasfin Securities joins Business Day TV for a broader look at this afternoon's market performance
Angola has some of the biggest untapped oil and gas reserves on the African continent. Ahead of the nation's 2023 Oil & Gas conference, Business Day TV caught up with Devi Paulsen-Abott, CEO of ECP, and the organiser of the event, for more insight on the impact of international
Clothing retailer Edgars was a casualty of the pandemic. Retailability however acquired the group during that time and is now betting on e-commerce to help manage the group's turnaround. Business Day TV spoke to Norman Drieselmann, CEO of Retailability for greater perspective on the group's online plans for Edgars and other trends expected in the industry in the medium term.
Odwa Magwentshu from Trive Investments joins Business Day TV for a broader look at the day's market movers
Economic activity declined slightly in July. The freight industry came to a halt as a result of the return of stage 6 load shedding and interruptions in the transportation sector. The monthly BankServ Africa Economic Transactions Index, which dropped to 133 in July from 133.9 in June, reflects these difficulties. Business Day spoke to Thuletho Zwane, economics writer at Business Day for more detail.
Wayne McCurrie from FNB Wealth & Investment joins Business Day TV for a broader look at this afternoon's market performance
The Competition Commission has recommended against the proposed Vodacom-Maziv merger. The Commission is of the view that the transaction will likely prevent or lessen competition in several markets. Business Day TV unpacked the decision with Competition Commission Principal Analyst, Grusham Mutizwa.
Tackling your questions tonight is Grant Nader from Benguela Global Fund Managers and Alex Duys from Umthombo Wealth Stock Watch
The mining and manufacturing sectors have ended the second quarter on a good note as both industris posted growth in June. On an annual basis, mining production expanded 1.1%, while factory activity rose 5.5%. Business Day TV unpacked the prints with RMB Economist, Siobhan Redford
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers.
US-Africa relations have seen changing strategies under various presidential agendas. Barack Obama emphasized African security and development, Donald Trump overlooked Eastern trade ties, and since his presidency, Joe Biden has aimed to revitalize connections with Africa. Business Day TV explored these shifts and evolving power dynamics between US and Africa, with Deputy Director at the African Center for the Study of the United States, Bob Wekesa and Executive Director at Political Economy Southern Africa, Siya Biniza.
The World Bank projects that growth in sub-Saharan Africa (SSA) will slow to 3.1% from nearly 4% last year. Some countries in the region however, are defying the odds on the growth front. Business Day TV spoke to Jacques Nel, Head of Africa Macro at Oxford Economics Africa for more detail on the pockets of resilience in sub-Saharan Africa.
Cape Town continues to face a crippling taxi strike, which is disrupting economic activity. Absenteeism rates have surpassed 50% in vital sectors, according to Cape Chamber of Commerce and Industry. Tensions between the SA National Taxi Council and City of Cape Town have escalated and have elicited calls for urgent intervention from the Western Cape premier. Sunday Times' Fast News Editor, Andre Jurgens spoke to Business Day TV for an in-depth analysis on the strike.
State-owned entities are infamous for being loss-making but the Development Bank of Southern Africa (DBSA) is an exception having produced record annual profit of R5.2bn. Business Day TV caught up with the bank's CEO, Boitumelo Mosako for more detail.
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Ricus Reeders from PSG Wealth Ruimsig and Jean Pierre Verster from Protea Capital Management Stock Watch
Businesses offering trade credit are seeing a rise in insolvencies with factors like load shedding and higher interest rates contributing to the increase. Business Day TV spoke to Frank Knight, CEO Debtsource, about how businesses can manage credit exposure, as well as how to identify potential insolvency risks.
Peter Armitage from Anchor Capital joins Business Day TV for a broader look at the day's market movers
On this edition of Stock picks, we unpack Zeda, Barloworld and Bidvest with Shaun Dendere from Trive Investment SA. Stock Watch
The South African government's free electricity programme was meant to help 10 million poor households but it has only reached 2.3 million, due to misallocation of funds and poor administration. Business Day TV spoke to Energy Writer Denene Erasmus for more detail.
Artificial Intelligence is shaking up Africa's legal landscape. Some nations on the continent have started creating laws to regulate the technology while others still have no clear strategy to help manage it. Business Day TV spoke to Otsile Matlou, COO of ENSAfrica for greater perspective on the legal changes the technology requires.
Strong revenue growth along with associate income of 14% gave Nedbank's first half performance a boost. The growth is largely responsible the lenders 10% rise in headline earnings. Nedbank declared an interim dividend of 871 cents which is 11% higher than that of the previous comparable period. Business Day TV unpacked the performance in greater detail with the company's CFO, Mike Davis.
Karl Gevers Independent analys joins Business Day TV for a broader look at this afternoon's market performance
Tackling your questions tonight is Chris Reddy from All Weather Capital and Gary Booysen Rand Swiss Stock Watch
The JSE has recorded a 54% jump in foreign outflows, reaching R65 billion in 2023, mainly due to poor investor sentiment and legislative changes. Business Day TV spoke about South Africa's investment landscape with Investment Strategist at RisCura, Glenn Silverman
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
Unam Capital's Loyiso Mpeta provides tech-analysis on Truworths, MTN, Anglo Gold Ashanti, Richemont, Multichoice and Anglo Platinum
In an act of defiance, the Niger Junta have not reinstated President Mohamed Bazoum as per the ECOWAS' deadline to put an end to the coup in the region. Business Day TV unpacked the developments in this regard in greater detail with Everisto Benyera, Associate Professor of African Politics in the Department of Political Sciences at Unisa.
ANC veterans are challenging the party's power-centric approach and resisting alliances with the EFF and Patriotic Alliance. As concerns rise over coalitions in crucial Gauteng areas, both veterans and the ANC Youth League have demanded a reevaluation of ties with the EFF. Natasha Marrian from Financial Mail spoke to Business Day TVfor more insight into the ANC's current coalition dynamics.
PPC has launched a new employee trust that's purchased 10% of the company's share capital, via a loan of R380 million and an additional R975 thousand to help cover the security transfer costs. Business Day TV spoke to Njombo Lekula, MD of PPC SA for more detail.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon's market performance
Faheema Adia, Momentum Securities joins Business Day TV for a broader look at the day's market movers
Chicken prices are set to increase. Minister of trade, industry & competition, Ebrahim Patel has gazetted a notice to reintroduce anti-dumping duties on chicken, which were suspended 12-months ago to help protect the local poultry industry. Business Day TV spoke to Izaak Breitenbach, GM for the SA Poultry Association for more detail.
Zambia has not had load-shedding in over a year. This is major progress given that there was a time that the Southern African nation experienced around 12-hours of daily power cuts. Based on this improvement, Business Day TV spoke to Vickson Ncube, Board Chair of the country's power utility, ZESCO for some insight on how to solve Africa's power crisis.
South Africa's remarkable week unfolds with sporting triumphs - Banyana Banyana's groundbreaking win against Italy in the Soccer World Cup and an intense draw for Spar Proteas in Netball against New Zealand. Sunday Times Sports Reporter Mahlatse Mphahlele spoke to Business Day TV about the team's journey ahead.
Premier FMCG has shrugged off tough trading conditions. The food producer has delivered a near 40% rise in headline earnings per share. That rise was supported by a 23% increase in revenue, which was boosted by its Millbake, Groceries and International divisions. Business Day TV unpacked the company's maiden results with CEO Kobus Gertenbach.
Capital Appreciation has hiked its dividend despite a drop in annual profit. The fintech firm posted a 44.5% plunge in headline earnings per share, largely due to a rise in operating expenses. Business Day TV spoke to Capprec's joint-CEO Brad Sacks for more detail.
On this episode of Stock Picks, Vestact's Bright Khumalo discusses Nvidia, Google and Microsoft as counters that enable investors to access growth in AI.
At the end of this month the Pretoria High Court will make its ruling on the Zimbabwean Exemption Permit system. If the court rules in Home Affairs' favour these permits will be scrapped, forcing nearly 200,000 Zimbabweans to leave South Africa. In the meantime, many have already spent thousands trying to obtain waivers but are still waiting for the process to be completed. Business Day TV spoke to Bianca Rutherfoord Jones, Immigration Specialist at Webber Wentzel for more insight on the legalities.
Demands for the release of the Lady R inquiry report have fallen on deaf ears. The investigation into whether the Russian ship was loaded with weapons in December will not be made public. This is according to the Presidency. Meanwhile, opposition party, the Democratic Alliance intends to legally contest this. Sunday Times' Reporter, Franny Rabkin spoke to Business Day TV about the detail of the story
SA GDP edged up by 0.4% in the first quarter thanks to gains in the manufacturing industry. This comes despite elevated levels of load-shedding. Business Day TV unpacked the print with Kevin Lings, Chief Economist at Stanlib.
Peter Armitage from Anchor Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Independent Analyst, Karl Gevers & Rowan Williams from Nitrogen Fund Managers Stock Watch
OPEC+ nations have agreed to extend oil production cuts into next year.Saudi Arabia will voluntarily reduce output as part of the deal. The kingdom will slash production by 1 million barrels per day from next month. Business Day TV discussed how these moves have impacted oil markets with David Elmes from the Warwick Business School.
Anthea Gardener from Cartesian Capital joins Business Day TV for a broader look at the day's market movers
SA's largest fishing company Oceana, has more than doubled its interim dividend to 130 cents, after a strong performance by its Lucky Star brand. Business Day TV unpacked the performance with CEO Neville Brink.
On this episode of Trade of the Week, Unum Capital's Loyiso Mpeta provides technical analysis on Blue Label, MTN, Telkom and Vodacom.
The International Air Transport Association (IATA) has issued its outlook for the sector highlighting that Africa remains a difficult market to operate in but despite this, it is also the world's second fastest recovering region for passenger air travel. Business Day TV spoke to Linden Burns from IATA for more detail.
Government authorized the LP Gas Strategy for execution a year ago and now, with the electricity crisis seemingly unending, there may be a case to be made for heating SA's houses with LP gas this winter season. Business Day TV unpacked the story in more detail with Business Day reporter, Mudiwa Gavaza.
Foreign investors are dumping government bonds at an alarming rate as load-shedding darkens the prospects of the economy. The fear is that locals will not be able to offset the gap left by those that have dumped the asset class. Business Day TV discussed the situation and the Sarb's fears with James Turp from Sanlam Investment.
Louis Storm fromVega Capital joins Business Day TV for a broader look at this afternoon market performance.
Greg Katzellenbogen from Sanalam Private Wealth joins Business Day TV for a broader look at the day's market movers
A review of how markets performed this week and responses to your stock-watch related questions with Graeme Körner from Körner Perspective Stock Watch
Artificial Intelligence is expected to boost the global economy by nearly $16 trillion by 2030, amid increased adoption as a means to provide practical solutions for existing challenges.
Business Day TV spoke to Sisonke Mgwebi, Consultant at Frost & Sullivan for more insight on the practical uses of AI and how it can be used to solve African challenges
The Constitutional Court has effectively overturned the absolute norm that tax information must always stay private, regardless of the public interest, in a decision resulting from the Financial Mail and amaBhungane's request for former president Jacob Zuma's tax documents from 2010 to 2018. Business Day TV spoke to Financial Mail editor, Rob Rose for more detail.
The Presidential Climate Commission says increasing the use of renewables in South Africa's energy mix from 7% to 40% by 2030 should end load-shedding. Business Day TV spoke to
Happy Khambule Busa's Environment & Energy Manager, who also sits on that commission, for more detail.
McCurrie from FNB Wealth & Investments joins Business Day TV for a broader look at the day's market performance.
Tackling your questions tonight is Devin Schutte from Robert Group and Nick Kunze from Sanlam Private Wealth Stock Watch
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers.
The JSE All Share has had tough month, as traders made use of a popular adage in the investment world - 'sell in May and go away'. During this period over 20 JSE counters have shed their value. Business Day TV took a closer look at how local equities have performed with the CEO of Anchor Capital, Peter Armitage.
Private equity activity has slowed down this year, due to elevated interest rates which caused a decline in deals and a pullback in funding. Business Day TV discussed this in detail with the Head of Global Private Equity Portfolios at Schroders Capital, Benjamin Alt.
The Presidential Climate Commission (PCC) recommends that South Africa needs a modernized electricity system that fosters inclusive economic growth and meets minimum emissions standards. Business Day TV spoke to the Commissioner of the PCC, Lebogang Mulaisi for more detail. Lebogang Mulaisi
East and West Africa are the continents fast-growing consumer markets. Overall, Africa's consumer market is expected to reach nearly 2 billion by 2030. But with elevated levels of inflation impacting both developed and emerging markets, what do African consumer spending trends reveal about the buying power of shoppers? To find out, Business Day TV spoke to Jee-A Van Der Linde, Senior Economist at Oxford Economics Africa.
The Absa PMI edging down to 49.2 in May from 49.8 the previous month indicates a like slight dip, but it means that the index is slowly sinking deeper into contractionary territory. This is due to a notable trend in the deterioration of business conditions over the last four months. The power outages experienced in May were similar to that of April and therefore business activity itself remained unchanged during the period. Miyelani Maluleke, Senior Economist at Absa unpacked the detail of the print with Business Day TV.
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at this afternoon market performance
Motorists are set to start the month of June on a high. This as fuel prices are expected to drop significantly despite the weakening rand and fluctuations in international product prices. Business Day TV hosts Layton Beard from the Automotive Association to unpack these predictions
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Property companies are benefiting from the growing semigration trend. Spear Reit has noted that factors like load shedding and semigration are forcing more people to return to the offices, which bodes well for vacancies. Business Day TV put this trend into perspective with Spear Reit's CEO, Quintin Rossi.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
Impala Platinum has reached an agreement with the Public Investment Corporation to acquire its stake in Royal Bafokeng Platinum. The PIC has sold its 9.26% share, which lifts Implats stake in the mid-tier miner to 55.46%. Business Day Tv discussed what holding the majority stake in RBPlat means for Impala Platinum with CEO Nico Muller.
On this episode of Stock Picks, Southern Cross Capital's Cobus Potgieter focusses on clothing retailers and specifically looks at Truworths, TFG and Mr Price. Stock Watch
In 2022 mining and quarrying accounted for nearly 25% of Botswana's GDP, largely boosted by growth in the coal, soda ash and diamond industries. Business Day TV spoke to James Othapile, Managing Director of Erudite Botswana for his views on how the sector's potential can be further explored.
South Africa has issued a blanket diplomatic immunity to all leaders attending the BRICS Summit in August. This includes Russian President, Vladimir Putin, who has a warrant of arrest issued out for him by the International Criminal Court. In accordance with the arrest warrant, South Africa is compelled to arrest him. The ICC has stated that it expects South Africa to abide by this Rome Statute. To unpack this in detail, Business Day TV spoke to Business Day's Hilary Joffe.
Eskom's pre-tax loss for the 2022/23 financial year came in nearly 56% higher than what was expected. This highlights the need for government's proposed R254bn relief package but to what end if the losses keep piling up? Businss Day TV posed this question to Independent Economic and Energy Analyst, Tshepo Kgadima.
Jaco Eagar from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Deryck Van Rensburg from Anchor and Nick Crail from Ashburton Stock Watch
Roy Mutooni from Sanlam Investments joins Business Day TV for a broader look at the day's market movers
South Africa's central bank recently raised the repo rate by another 50 basis points to 8.25%. The country's electricity crisis, a lack of structural economic reforms and a resultant weaker rand left the bank with little choice but to continue its hiking cycle. Business Day TV unpacked the effectiveness of Monetary Policy in South Africa with Peter Attard Montalto, Managing Director, Global Lead for Capital Markets and Political Economy from Intellidex and Dawie Roodt, Chief Economist for Efficient Group.
According to the Sarb's financial stability review, foreigners are dumping local bonds. Foreign participation in South African government bonds fell to 25% from 42% in the last five years. Business Day TV discussed this in detail with RMB bond trader, Michelle Wohlberg.
Afrocentric and Sanlam have finally concluded an acquisition deal. The agreement will see Sanlam take on a controlling stake in Afrocentric, which amounts to 60% of the business. Business Day TV unpacked the merits of the deal with Afrocentric's Group CEO, Ahmed Banderker.
Percy Mathebula from Sentio Capital joins Business Day TV for a broader look at this afternoon market performance
On this episode of Stock Picks, Anthony Clark from Small Talk Daily discusses Southern Sun, City Lodge and Sun International. Stock Watch
As South Africa battles cholera related deaths, we are reminded that as the continent's urban population expands rapidly, African cities need to protect their water supply. The World Bank estimates that more than 300 million Africans do not have access to clean drinking water with a further 800 million lacking or having limited access to hygiene services. Business Day TV caught up with James Cullis, Technical Director and Sustainability Expertise Leader at Zutari for more detail
Telkom's share price has jumped on news that former CEO Sipho Maseko, together with a group of investors, is making a move to take a large chunk of equity in the telecom operator. To unpack the detail around the story, Business Day TV spoke to Business Day writer, Mudiwa Gavaza.
Tiger Brands has posted a 16% rise in revenue but the gains didn't filter down to the bottom line as operating costs ate into profits. That's as the cost of load-shedding grew more than sixfold during the period. Business Day TV spoke to the group's CEO Noel Doyle about the numbers.
Adcorp has posted a near 7% rise in revenue from continuing operations. This marks its first year of annual revenue growth since the 2016 financial year. Business Day TV spoke to CEO John Wentzel for more detail on the company's performance.
Tackling your questions tonight is Jonathan Fischer from PSG Wealth Sandton and Gary Booysen from Rand Swiss Stock Watch
Independent Analyst, Jimmy Moyaha joins Business Day TV for a broader look at the day's market movers
Zeda has reported double-digit revenue growth of 20% jump, while headline earnings per share rose 3.8%. This was largely due to an increased demand in the inbound tourism market and corporate travel. Business Day TV unpacked the six months that was the company's CEO Ramasela Ganda.
Petri Redelinghuys, Founder of Herenya Capital, provides technical analysis on Sibanye-Stillwater, Naspers and Aspen.
Africa’s growth is expected to outpace global growth this year, despite multiple economic shocks. The African Development Bank projects that the continent’s GDP will advance by 4% against global growth estimates of 2.8%. Business Day TV unpacked the forecast with Ridle Markus, SSA Macroeconomist at Absa CIB.
The general election in 2024 is expected to feature fresh relations between parties and shared objectives, like the ousting of a political party. The possible formation of a DA-IFP coalition in KwaZulu-Natal is an example of what could emerge. Natasha Marrian, the deputy editor of Financial Mail discussed what an IFP and DA coalition agreement could look like.
South Africa's Consumer Goods Council, which represents the biggest food retailers in the country, says the government is taking food security for granted and that this could lead to a repeat of the riots that took place in July 2021. Business Day TV spoke to Zinhle Tyikwe, CEO of the Consumer Goods Council for more detail.
Annatjie Van Rooyen from My Wealth Investments joins Business Day TV for a broader look at this afternoon market performance.
Caroline Cremen from AdviceWorx joins Business Day TV for a broader look at the day's market movers
A review of the week's stock performances with Chantal Marx from FNB Wealth & Investment Stock Watch
The African Continental Free Trade Area agreement is lauded as the biggest free trade accord in the world while BRICS has the potential to open other key markets for the continent. Business Day TV explored the power of this collaboration for Africa with renowned researcher, Petrus de Kock.
South Africa's recent trip to Russia came amid rising tensions between the U.S and SA. Escalations were followed by the US accusing Pretoria of providing weapons to Russia in the country's invasion of Ukraine. To unpack SA and Russia's recent security meeting and the impact it could have on SA/US relations in greater detail, Business Day TV spoke to Business Day journalist, Thando Maeko.
It has been a tough first half for Quantum Foods as the poultry producer was hit by a triple whammy of high feed raw material costs, the damaging impact of load-shedding and an inability to recover higher production costs. These factors led to an 82% drop in headline earnings per share. Business Day TV unpacked the
performance in greater detail with the company's CEO, Hennie Lourens.
Viv Govender from Rand Swiss joins Business Day TV for a broader look at the day's market performance.
Tackling your questions tonight is Mark Du Toit from Oyster Catcher Investments and Wayne McCurrie from FNB Wealh & Investments Stock Watch
Lonwabo Maqubela from Perpetua joins Business Day TV for a broader look at the day's market movers.
Life Healthcare has posted a near 13% rise in interim revenue, but this did not filter through to its bottom line, as net profit slipped 8.2%.. During its reporting period, the private hospital operator had to contend with an impairment to goodwill within the UK-based Alliance Medical Group; an interest charge after settling a tax dispute with Sars and an IT hardware failure. Business Day TV spoke to the CEO of Life Healthcare, Peter Wharton-Hood for more insight.
Southern Sun is back in the black. The hotel group has delivered annual profit of over R1 billion from a loss of R156 million previously, as it benefitted from a recovery in the travel and tourism industry. Business Day TV unpacked the performance with CEO Marcel von Aulock.
ccess to external liquidity is a growing challenge across the African continent, according to Oxford Economics Africa's second quarter risk report. The data highlights that the continent's median liquidity risk score fell by 10% during the period, worsening existing forex constraints while jeopardising profit repatriation and the funding of imports. Business Day TV spoke to Jacques Nel, Head of Macro at Oxford Economics Africa for more insight.
Whilst some countries are in the process of transitioning away from internal combustion engine vehicles, South Africa is running the risk of being left behind. Government policies are crucial in transitioning to new energy vehicles and players in the sector in SA have concerns about the pace of policy development and implementation. Globally, however, EV supply and demand is developing at a fast pace, so will South Africa be a part of the revolution or miss opportunities? Financial Mail's David Furlonger discussed this with Business Day TV.
SA's power crisis is working in Reunert's favour. During its interim period, the ICT and Electronics group managed double digit growth across key metrics. Revenue increased by 21%, segmental operating profit jumped by 39% and headline earnings per share grew nearly 37%. This is largely thanks to record sales of the group's renewable power products. Business Day TV unpacked the detail with the company's CEO, Alan Dickson.
Cobus Potgieter from Southern Cross joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Rowan Williams from Nitrogen Fund Managers Stock Watch
Trading on the crypto market has been muted. Bitcoin has hovered around $2, 000 for a third week, despite the volatility in equity markets. Business Day Tv unpacked the action playing out in that space with Luno's Christo de Wit.
Nampak had a tough six months. The packaging group has plunging into the red and posted a half-year loss of R2.4 billion, after it had to deal with impairment and currency devaluation losses. Business Day TV caught up with Independent Analyst at Small Talk Daily Research, Anthony Clark and he shared his analysis of the results.
The DA is lobbying U.S lawmakers, in a bid to preserve the country's duty-free access to the world's biggest economy. This after South Africa's alleged involvement in Russia's invasion of Ukraine, could threaten its access to the US market. DA leader, John Steenhuisen, joins Business Day TV, to shed some light on how he plans to persuade the U.S that South Africa should continue benefiting from AGOA
Independent analyst, Karl Gevers joins Business Day TV for a broader look at the day's market movers
From three generating units being taken offline at the Kusile Power Station, the coal fired power plant is currently operating only one of its units. So, will Kusile be repaired by the end of year? Business Day TV posed this question to Energy Writer for Business Day, Dene Erasmus.
Falling from 7.1% year-on-year to 6.8% in April, inflation is at its lowest level since May 2022. Despite this, the print remains outside of the Sarb's target range of 3% - 6%. Business Day TV unpacked the data in greater detail with Murendeni Nengovhela, Economist at AlexForbes.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon market performance.
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Grant Nader from Benguela Global Fund Managers Stock Watch
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers
South Africa's Reserve Bank is expected to hike rates again. Economists have forecast an increase of between 50 and 75 basis points, as the bank seeks to tame inflation and protect the local unit. Business Day TV spoke to RMB's Economist Siobhan Redford for more insight.
Tyme Group has secured just under R1.5 billion, from two international investors. The digital banking group will use the funds to further its operations in South Africa and the Philippines, and boost expansion projects. Business Day TV discussed these plans with the company's Co-founder and CEO, Coen Jonker.
As we journey towards net-zero emissions by 2050, climate change tops the agenda at the annual AfDB meetings. Business Day's Economics Writer Thuletho Zwane is in attendance at the meetings in Egypt and Business Day TV caught up with her for more detail on this year's meeting.
From a ballot of hope in 1994, 29 years of democracy has yielded little prosperity for South Africans as citizens feel the brunt of incompetent service delivery, a power crisis and an overall declining economy. So, will South African citizen's optimism for a comprehensive change be sparked by the national and provincial elections in 2024? Will voters opt to stay away from polls, rather than change their vote? And can new entrants succeed in winning over South Africans? Business Day posed these questions to Business Day's political writer, Hajra Omarjee.
Government is currently mulling the implementation of a basic income grant for unemployed citizens aged 18-35. Business Day TV assessed the feasibility of this move with independent analyst, Roelof Botha.
Wayne McCurrie from FNB Wealth and Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Shane Watkins from All Weather Capital and Ricus Reeders from PSG Wealth Ruimsig Stock Watch
Andile Buthelezi from Sentio Capital joins Business Day TV for a broader look at the day's market movers
Astral has taken a knock, the poultry producer has recorded an 88% slump in headline earnings per share. This comes after it took a R741 million hit, as it had to pay more for diesel on the back of Eskom's back-to-back power cuts. Business Day TV discussed the company's performance with CEO Chris Schutte.
Netcare has recorded double-digit profit growth. The private hospital group delivered a 40% jump in headline earnings per share, mainly due to a recovery in paid patient days. Business Day Tv caught up with the company's CEO Richard Friedland for further insight on the six months that was.
Balwin Properties has posted a 20% increase in annual profit, and strong demand in the Western Cape as semigration continues. Business Day TV spoke to CEO Steve Brookes, for further insight on Balwin's performance.
Founder of Herenya Capital, Petri Redingluys chats to Business Day TV about what the charts are telling him about Sibanye-Stillwater, Anglo American Platinum and Investec.
According to the 2023 Hotel and Hospitality Industry Confidence Index, the sector is set to boom this year as travel normalises post the pandemic. Business Day TV delved into the details with Laura Vercueil from the Johannesburg Tourism Convention Bureau
At the half-year mark, equipment southern Africa is Barloworld's star performer. The unit has delivered a more than 38% increase in revenue and is largely responsible for driving the groups near 13% rise in interim revenue from continuing operations. Business Day TV unpacked the results in more detail with the group's CEO, Dominic Sewela.
The terms of National Treasury's debt relief programme for Eskom came with strict terms for the state-owned utility and other stakeholders. Business Day TV spoke to Editor-at-large & Columnist for Business Day & Financial Mail Peter Bruce to find out if those conditions are being met.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance.
A review of the week's stock performances with Roy Mutooni from Sanlam Investments. Stock Watch
David Shapiro from Sasfin Securities joins Business Day TV for a broader look at the day's market movers
Africa's set to miss its 2030 target of universal access to safe, affordable drinking water and equitable sanitation, due to an annual investment deficit of nearly $50 billion. Business Day TV spoke to Yaa Ngonyama, Consultant at Frost & Sullivan for more detail.
Leaders of the world's most advanced democracies are meeting in Hiroshima for the 49th G7 Summit. Concerns about the state of the global economy, rising prices and the debt limit crisis in the U.S are expected to feature on this year's agenda. Business Day's Editor-at-Large, Hilary Joffe, joined Business Day TV from the sidelines of the summit for a preview of the forum
Retail pharmacy group Dis-Chem has posted a 7% increase in annual revenue and a 17.4% jump in headline earnings per share, despite a tough operating environment. Business Day TV unpacked the results with the company’s CFO, Rui Morais.
Robert Towell from Sasfin Wealth joins Business Day TV for a broader look at the day's market performance.
Tackling your questions tonight is Alex Duys from Umthombo Wealth and Mia Kruger, Kruger International Stock Watch
Afrimat's bottom line has taken a knock. During the full year period the building materials and mining group reported a 15.7% decline in headline earnings per share. This was mainly due to lower iron ore prices, higher input costs and tough economic environment. Business Day TV unpacked the numbers with company's CEO, Andries van Heerden.
Investec has delivered double-digit earnings growth, reporting a 25.5% jump in headline earnings per share, while revenue rose 14.6%. This comes as the asset manager and banking group benefited from higher interest rates. Business Day TV discussed the company's numbers with Investec's Group Finance Director, Nishlan Samujh.
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at the day's market movers.
Namibia is pinning its economic hopes on its green hydrogen sector. By 2040 the country expects its energy mix to be dominated by green energy, which has the potential to expand its gross domestic product by more than 30% by 2030. Business Day TV assessed Namibia's green energy ambitions in greater detail with Gerrit van Rooyen, Economist at Oxford Economics Africa.
The South African rand recently hit a record low after the US Ambassador to SA accused the country of supplying Russia with arms during Russia's conflict with Ukraine. Financial Mail's Deputy Editor & Columnist, Natasha Marrian joins Business Day TV to unpack these allegations and to explore South Africa's capacity to produce weaponry.
South Africa's fourth quarter GDP contraction of 1.3% was in part driven by losses in the agricultural sector. This as the industry feels the pinch of inflation, climate change, load-shedding and geopolitical tensions. Business Day TV spoke to Paul Makube, Senior Agricultural Economist for more insight about the threats facing the industry.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
The retail industry has ended the first quarter on a sour note, with sales dipping in January, February and March. The latest print shows a 1.6% fall in March on an annual basis as consumers contend with rising prices and elevated interest rates. Business Day Tv unpacked the numbers with RMB Economist, Siobhan Redford.
Ties between South Africa and the US have been under scrutiny, following the 'Lady R' scandal where the US accused South Africa of supplying Russia with arms, amid the ongoing Ukraine war. Business Day Tv caught up with John Stremlau from the International Relations Department at Wits University for a deeper look at relations between the two nations.
Carmen Mpelwane from Sanlam Investments joins Business Day TV for a broader look at the day's market movers
Kenya's inflation is easing. CPI slowed to 7.2% year-on-year in April from 9.2% in March. The downward trajectory however is threatened by adverse weather conditions. Business Day TV unpacked the print with Daniel Kavishe, Africa Economist at RMB.
As we approach 2030, different experts are projecting certain scenarios for the South African economy.
Allianz is among the most positive with the group's Chief Economist, Ludovic Subran suggesting that
the country remains well positioned to untap its potential via 'ubuntu'. Business Day TV spoke to
him for more detail.
On this Stock Picks episode, we look into food retailers. Oyster Catcher's Wessel Joubert joins Business Day TV to unpack Shoprite, Pick n Pay, Woolworths and Spar. Stock Watch
Percy Mathebula from Sentio Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Independent analyst, Karl Gevers and Gary Booysen from Rand Swiss Stock Watch
South Africa's jobless rate edged higher in the first quarter and increased by 0.2 of a percentage point to 32.9%. The number of unemployed people increased by 179,000 during the period amid an energy crisis that is crippling the economy. Business Day TV unpacked the print with PwC South Africa's Chief Economist, Lullu Krugel.
Greg Katzenellenbogen from Sanlam Private Wealth joins Business Day TV for a broader look at the day's market movers
On this episode, Business Day TV analysis Quantum Foods, Santova and Caxton with Anthony Clark from Small Talk Daily Research. Stock Watch
Despite the International Monetory Fund warning Zimbabwe against adopting a gold-backed digital currency,
the Southern African nation has already tapped into gold reserves to back the launch of the first sale. This in a bid to curb demand for U.S dollars and boost its depreciating local unit. Business Day TV spoke to Fungisai Sithole, Program Manager at the Friedrich Nauman Foundation for more insight. Stock Watch
Statistics South Africa has released the Quarterly Labour Force Survey for the first quarter of this year. The jobless rate edged higher to 32.9% from 32.7% previously due to economic constraints and low business confidence resulting from the power crisis. Business Day TV unpacked the findings with Times-Live Multi-media journalist, Thabo Tshabalala.
Diversified inner-city focused property group, Octodec says it's opted to withhold its full-year guidance due to 'political uncertainty'. For more detail, Business Day TV spoke to Anabel Vieira, Financial Director of Octodec.
Louis Storm from Vega Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Devin Shutte from The Robert Group and Thamsanqa Netha from Shiloh Capital Stock Watch
Calgro M3 has delivered record profit. The group has recorded its highest ever headline earnings per share, rising by 45%. Despite the strong showing, Calgro M3 has decided against paying out a dividend, saying it plans to change its payout policy. Business Day TV caught up with company's CEO, Wikus Lategan.
Raubex has given shareholders a reason to smile. During the annual period the construction and materials group hiked its dividend by 40.7% to 76 cents, this comes as it reported an over 32% jump in revenue, and headline earnings per share. Business Day TV unpacked the results with company's CEO, Felicia Msiza.
Steven Schultz from Momentum joins Business Day TV for a broader look at the day's market movers
On this episode of Trade of the week, we look into Estee Lauder, McCormick & Co and Healthpeak Properties with Unum's Hedge Fund Manager, Loyiso Mpeta.
Load-shedding has dimmed Vodacom's annual performance. The mobile operator spent more than R4bn on alternative energy sources over the last two years and an extra R300m to operate and maintain it. As a result, profit edged up by just 2.1% while the dividend was slashed by more than a fifth. Business Day TV unpacked the performance with the company's CEO, Shameel Joosub.
According to World Media, Africa's telecoms sector is the continent's fastest growing industry that will be responsible for future economic growth. Business Day TV spoke to Arthur Goldstuck, MD of WorldWideWorx about the prospect in greater detail.
According to the Debt Index by DebtBusters, the number of people seeking help from debt counsellors grew 40% year-on-year in the first quarter. The data also showed that consumers spent close to two-thirds of their net income to pay off debt. Companies Reporter for Business Day, Nico Gous joins Business Day TV to unpack how high inflation and interest-rate hikes squeeze disposable income and hamper consumers' ability to repay liabilities.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon market performance
Lonwabo Maqubela from Perpetua Investment Managers joins Business Day TV for a broader look at the day's market movers
A review of the week's stock performances with Ricus Reeders from PSG Wealth Ruimsig. Stock Watch
Ghana’s inflation remains in the double-digits. Inflation fell to 41.2% in April from 45% in March. Business Day TV unpacked the print in greater detail with Ridle Markus, SSA Macroeconomist at Absa CIB.
Medical schemes, including Discovery, are desperate to launch low-cost medical aid products, but the Financial Mail's reported that the regulator is, bizarrely, fighting these plans in court. Editor for Financial Mail, Rob Rose, joins Business Day TV to unpack these low-cost health product and the regulator's position on what he calls 'an innovation with little apparent downside'
The Rand hit a new all-time low against the dollar, due to a number of geopolitical factors, including claims that South Africa has helped arm Russia with weapons for the Russia-Ukraine war. Business Day TV spoke to Andre Cilliers, Director and Currency Strategist at TreasuryOne for his assessment of the local unit's performance.
Patrice Rassou from Ashburton Investments joins Business Day TV for a broader look at the day's market performance
Tackling your questions tonight is Nick Crail from FNB Wealth & Investments and Mark Du Toit from Oyster Catcher Investments Stock Watch
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers.
Factory activity has continued to take a knock. In March output slipped by 1.1% year-on-year, the largest negative contributions were made by petroleum, chemical products, rubber and plastic products as well as textiles, clothing, leather and footwear. Business Day TV unpacked the data with The Manufacturing Circle's Executive Director, Philippa Rodseth.
Bitcoin's rally has taken a breather, prices have retreated from $30 000 to around $27 000, despite upbeat US inflation data. Business Day TV caught up with Luno's Country Manager, Christo de Wit for a look at the factors driving activity in the crypto market.
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.
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, Deputy Editor for Financial Mail refers to as the great coalition dating game.
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.
Viv Govender from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
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.
Independent Analyst, Karl Gevers joins Business Day TV for a broader look at the day's market movers
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, Agricultural economist in the Agro-Food Chains Markets and Economic Research Division at the National Agricultural Marketing Council for more insight
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 risk to current efforts to stabilise the national grid. Business Day TV unpacked the detail of the story with Tauriq Moosa, Legal Writer for Business Day Editorial.
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 TV spoke to Transaction Capital's CEO, David Hurwitz for a closer look at the performance.
Zwelakhe Mnguni from Benguela Global Fund Managers joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Deryck Janse van Rensburg from Anchor Stock Watch
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.
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.
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers
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 TV about how technology development must address African challenges.
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 Business Writer, Mudiwa Gavaza.
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 a 45% cut in emissions by 2030 and zero emissions by 2050. Business Day TV spoke to Tracey Davis, Executive Director of activist group, Just Share for more detail.
Annatjie Van Rooyen from My Wealth Investments joins Business Day TV for a broader look at this afternoon market performance
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 on his stance.
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 win an outright majority in 2024. Business Day TV unpacks these finding with Business Day Journalist, Thando Maeko.
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.
Martin Smith from Anchor Capital joins Business Day TV for a broader look at this afternoon market performance
Jacobus Brink from Novare joins Business Day TV for a broader look at the day's market movers
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 optimism. Business Day TV further analysed the latest vehicle sales data with Editor-at-large for Financial Mail, David Furlonger.
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.
Tackling your questions on this Friday edition of Stock Watch is Chantal Marx from FNB Wealth & Investments Stock Watch
Independent Analyst, Karl Gevers joins Business Day TV for a broader look at the day's market performance
Tackling your questions tonight is Rowan Williams from Nitrogen Fund Managers and Chris Reddy from All Weather Capital Stock Watch
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 CEO Sean Walsh.
Martin Smith from Anchor Capital joins Business Day TV for a broader look at the day's market movers.
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.
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 doing all the things the Post Office once did. Business Day TV discussed the thinking with Visser.
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 firm has decided to adjust its dividend policy and take its payout ratio from 76% to 56% - 67%. To discuss this in more detail, Business Day TV spoke to Pick n Pay's CFO Lerena Oliver.
Jaco Eager from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
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 economic areas.
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.
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers
Marc Hasenfuss from Financial Mail discusses Nampak, Nu-World Holdings, Wesizwe Platinum and Astoria Investments. Stock Watch
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.
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 South Africa. Business Day TV unpacked the findings of the World Economic Forum's Future of Jobs report with Denene Erasmus, Energy Writer for Business Day.
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 prices are largely responsible for fuelling the petrol price. Business Day TV spoke to the Automobile Association's Layton Beard for more detail.
Robert Towell from Sasfin Wealth joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Nick Kunze from Sanlam Private Wealth and Gary Booysen from Rand Swiss Stock Watch
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.
Imitiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
We focus on some industry-leaders in the insurance sector, unpacking Old Mutual, Santam, Sanlam and Liberty with Simon Brown from Just One Lap. Stock Watch
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 Africa from technology group Ukheshe
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 Hilary Joffe, Editor-at-Large for Business Day to dig into how SA should be nurturing its gold industry to make the most of the trend.
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 Schepper, Senior BER Economist.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
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 shared his take on the activity playing out in that market.
Nesi Chetty from Stanlib joins Business Day TV for a broader look at the day's market movers
This episode focusses on some industry-leaders in the property sector - Stor-age, Equites and Fortress with Cobus Potgieter from Southern Cross Capital. Stock Watch
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. Steinhoff's board did not specify the details of the CVRs but said this would be published "in due course". Business Day unpacks the details of the restructure with Business Day's Brand Journalist, Katherine Child.
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.
Sithembile Bopela from FNB Wealth & Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Deryck Janse van Rensburg from Anchor Stock Watch
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.
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.
Martin Smith from Anchor Capital joins Business Day TV for a broader look at the day's market movers
Business Day TV unpacks Novo Nordisk, Purple Group, Nampak and Raubex with Anthony Clark from Small Talk Daily Research. Stock Watch
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
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 of SA for his outlook on the industry.
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 applied for license is due to unfavourable regulations. Business Day TV delves further into this with Business Writer for Business Day, Mudiwa Gavaza.
Percy Mathebula from Sentio Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jonathan Fischer from PSG Wealth and Zwelakhe Mnguni from Benguela Global Fund Managers Stock Watch
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers
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.
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 to attribute particular significance to certain African countries. Business Day TV spoke to Aly-Khan Satchu, CEO of Rich Management for his analysis of the upcoming summit and what it means for Africa.
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 tomorrow. Makhubele and Amad are not facing one but two motions individually. Business Day TV unpacked how the motions came about with Financial Mail Deputy Editor and Columnist, Natasha Marrian.
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 just one of multiple interventions which also includes relying more on diesel generators to help ease pressure on power supply. Business Day TV spoke to Independent Economic & Energy Analyst Tshepo Kgadima for his assessment of the plans.
Annatjie Van Rooyen from My Wealth Investments joins Business Day TV for a broader look at this afternoon market performance
David Shapiro from Safin Securities joins Business Day TV for a broader look at the day's market movers
A review of the week's stock performances and answers to your stock-related questions with Shane Watkins from All Weather Capital. Stock Watch
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 took it to the brink of collapse, so the new board is set to have their work cut out for them. Business Day TV unpacked the appointment of the new board with Sunday Times' Digital Editor, who is also Chair of the Sanef Media Freedom Committee.
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
Peter Armitage from Anchor Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Sanelisiwe Tofile from All Weather Capital and Independent Analyst, Jimmy Moyaha Stock Watch
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.
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
Greg Katzenellenbogen from Sanlam Investments joins Business Day TV for a broader look at the day's market movers.
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, the ailing economy will have a hard time digesting more interest rate pain. Sarb Governor Lesetja Kganyago says that it's hard to predict when repo rate hikes will end but has in the meantime called for a lower inflation target and for deregulation in the power and transport sectors to help aid the economy. The Governor joined Business Day TV to discuss the issue in detail.
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 TV spoke to Financial Mail Reporter, Claire Bisseker
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 of celebration by the region's largely Muslim population. François Conradie, Lead Political Economist at Oxford Economics Africa spoke to Business Day TV about how inflation in North Africa is impacting livelihoods.
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
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 took over.
Independent Analyst, Karl Gevers joins Business Day TV for a broader look at the day's market movers
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 to run for elections in the National Assembly and provincial legislatures. However, the new election laws received instant blowback as organisations say it violates constitutional principles. Business Day's Linda Ensor unpacked the detail of the story with Business Day TV.
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 analysis of the print and what it suggests for monetary policy moving forward.
Jaco Eagar from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Devin Shuttle from The Robert Group and Drikus Combrinck from Capicraft Stock Watch
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.
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.
Steven Schultz from Momentum Capital joins Business Day TV for a broader look at the day's market movers
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.
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 performance with Kokkie Kooyman, Banking Analyst from Denker Capital.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Chris Reddy from All Weather Capital and Alex Duys from Umthombo Wealth Stock Watch
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 on the index.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
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.
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 readings from Egypt, Kenya, Mozambique, Nigeria and Ghana to assess the health of Africa's factories.
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 adjusting the targets and the suggested revisions would be submitted to cabinet in the coming weeks. Business Day reports that key targets set out in the strategic plan have already been missed. Thando Maeko, Journalist for Business Day spoke to Business Day TV for a closer look at Ramogkopa's "more realistic" targets.
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 Khambule spoke to Business Day TV about why the organisation has that view.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Patrice Rassou from Ashburton Investments joins Business Day TV for a broader look at the day's market movers
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 risk to the country’s climate funding. Business Day TV spoke to Denene Erasmus, Energy Writer at Business Day for more detail.
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.
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 investment drive.
A review of the week's stock performances with Chantal Marx from FNB Wealth and Investments Stock Watch
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Mark Du Toit from Oyster Catcher Investments and Nick Crail from FNB Wealth and Investments Stock Watch
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 company's CFO, Mike Smith.
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.
Masilela Makwe from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers.
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 Oxford Economics Africa.
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.
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. Giulietta Talevi, Money and Investing Editor for Financial Mail joined Business Day TV to unpack the reasons behind SA's shrinking stock exchange and some workable ideas about how to reverse the drain.
Percy Mathebula from Sentio Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
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 Mavuso.
Craig Phieffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
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.
Robert Towell from Sasfin Wealth joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Grant Nader from Benguela Global and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
Independent Analyst, Karl Gevers joins Business Day TV for a broader look at the day's market movers
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 R600m capital raise, EOH can now get back to business and focus on its Growth-Efficiency-Talent strategy. To unpack this in more detail, Business Day TV spoke to van Coller.
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.
On this episode of Stock Picks, Cobus Potgieter from Southern Cross Capital analyses the first quarters best and worst performing stocks. Stock Watch
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 & Currency Strategist at TreasuryONE to discuss what this de-dollarization could mean for the currency market as a whole.
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 they not return to the negotiating table, they would have no choice but to resort to a full-blown strike. This after employers refused to negotiate a 7% wage increase and health insurance benefits for employees. Business Day TV spoke to Sunday Times Reporter, Pathu Luvhengo for more detail.
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 in greater detail to understand Finance Minister Enoch Godongwana's powers in this regard, Business Day TV spoke to Sakeliga's Legal Officer, Tian Alberts.
Sithembile Bopela from FNB Wealth and Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Thamsanqa Netha from Shiloh Capital and Devin Shutte from The Robert Group Stock Watch
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.
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 Nigrini for his outlook on the local unit.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
On this episode of Stock Picks, we analyse stocks in the oil production sector with Anchor Capital's Peter Armitage. Stock Watch
On this episode of Stock Picks, we analyse stocks in the oil production sector with Anchor Capital's Peter Armitage. Stock Watch
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 & Sullivan for more detail.
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 on the exemption, arguing that transparency at Eskom is critical. Denene Erasmus, Energy Writer for Business Day joined Business Day TV to discuss the detail of the story.
In 2022 Corruption Watch received more than 2,000 reports of corruption. This according to the watchdog’s annual corruption report which reveals that maladministration relating to funding remains the most common among corrupt acts. Business Day TV unpacked the findings of the report with Kavisha Pillay, Head of Stakeholder Relations & Campaigns at Corruption Watch
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Gary Booysen from Rand Swiss and Drikus Combrink from Capicraft Stock Watch
Sars has delivered record revenue collections, with gross tax revenues coming in at over R2 trillion for the 2022/2023 financial year. The net amount however came in at close to R1.7 billion as Sars paid out more refunds than expected. Business Day TV unpacked the numbers with Sars Commissioner, Edward Kieswetter.
Ahead of the BRICS Summit, there have been reports suggesting that emerging market heavyweights - Brazil, Russia, India, China and South Africa are thinking of ditching the US dollar in an attempt to trade with a more common currency. Business Day TV caught up with Chair of the BRICS council Busi Mabuza, and discussed the viability of this move.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers
In this episode, Loyiso Mpeta from Unum Capital gives his analysis of Digital Realty Trust, Tyler Technologies and Arista Networks.
In Africa, one in five countries do not raise enough revenue to meet basic needs and this has created development gaps. According to the International Financial Corporation, the continent's ability to attract foreign investment is rooted in deepening its local capital markets. Guido Haller, Head of Global Markets at Standard Bank CIB joined Business Day TV to discuss strengthening Africa's capital markets amid funding deficits and shrinking stock exchanges.
Over the past 10 years, Telkom has gone from having the monopoly to being just another telecom player and now needs to invest in 5G wireless technology to remain a significant player in the telecomms landscape. This is according to Business Day's Business Writer, Mudiwa Gavaza. Business Day TV spoke to Gavaza for more detail.
After a strong start to the year, the Absa PMI has fallen for a second consecutive month with March's reading coming in at 48.1 index points down from 48.8 index points in February. On the bright side, the index tracking expected business conditions in the next six months suggests that output could improve moving forward. Miyelani Maluleke, Senior Economist at Absa spoke to Business Day TV about the detail of the index.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
Chemicals, fertilizer and explosives group Omnia, is looking to Indonesia for growth. The group has formed a joint-venture with the county’s second largest company, MNK, to expand its mining footprint. Business Day TV unpacked the deal with Seelan Gobalsamy, CEO of Omnia.
South Africa’s economy is in a precarious position. The country is expected to register growth of just 0.2% this year from initial forecasts of over 1%, due to the impact of load-shedding. Business Day TV spoke to Kevin Lings, Chief Economist at Stanlib for his assessment of the local economy.
On Stock Watch This Week, Chantal Marx from FNB Wealth & Investments, reviews the week's stock performance Stock Watch
Viv Govender from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Mia Kruger from Kruger International and Neelash Hansjee from Old Mutual Investments Stock Watch
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers.
Workforce has delivered double-digit earnings growth. The firm's annual headline earnings per share increased by 21% to 46.8 cents, while revenue jumped 24%. This was mainly boosted by a strong showing from its human capital, staffing and outsourcing solutions divisions. Business Day TV unpacked the numbers with CEO Ronny Katz.
The South African Reserve Bank has exceeded market expectations, raising the repo rate by 50 basis points to 7.75%. Business Day TV unpacked the move with Senior Economist at BNP Paribas, Jeff Schultz.
Business Day TV unpacks the findings of the 2022 Manager Watch Survey of Retirement Fund Investment Managers published by Alexforbes. The standout feature of this year's report finds that 19 of SA's 20 largest fund managers are considered Level 1 BEE contributors. Michael Avery hosted Janina Slawski, Head of Investment Consulting at Alexforbes, and Zwelakhe Mzwakhe Mnguni, Chief Investment Officer & Co-Founder at Benguela Global Fund Managers to unpack the survey's findings.
The DA has put its focus on the 2024 elections as it gears up for its national elective conference. The opposition party is set to elect a leader this weekend, a move which will also set the tone for how the party deals with coalition agreements before next year's national election. Despite the ANC's governance failures, the DA has failed to break through electorally. Business Day TV unpacked whether the DA is destined to always be an opposition party, or could it be a real alternative to the governing ANC with Financial Mail's Deputy Editor & Columnist, Natasha Marrian.
The Competition Commission has come under fire for calling some food price hikes “opportunistic”. This as sticky inflation, an energy crisis and climate change is largely behind the uptick in food prices. Business Day TV spoke to Thabile Nkunjana, Agricultural economist in the Agro-Food Chains Markets and Economic Research Division of the National Agricultural Marketing Council for his take on the matter.
Wessel Joubert from Oyster Catcher Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Nesi Chetty from Stanlib joins Business Day TV for a broader look at the day's market movers
Chinese e-commerce firm Alibaba, has announced plans to split its $220 billion empire into six units. These businesses will individually raise funds and explore initial public listing options. Business Day TV unpacked the move with Prescient China's Head of Product, Tian Pan.
Economists expect the South African Reserve Bank to hike rates again, that's as inflation remains above the Sarb's target range. Business Day TV spoke to RMB Economist, Siobhan Redford for her expectations.
The global carbon credit market is booming. Kenya is currently ranked eight on the list of countries selling carbon credits from nature-based solutions. Business TV spoke to Karin Boomsma, Project Director at Sustainable Inclusive Business Kenya for more insight and perspective on Kenya’s carbon credit market based on a recent report by SIB-Kenya and the Kenya Private Sector Alliance.
Economists expect the South African Reserve Bank (SARB) to increase the repo rate by 25 basis points as it looks to rein in inflation. Business Day TV discussed the reasons behind the prediction with Hilary Joffe, Editor-at-Large for Business Day.
According to the BankservAfrica's Take-home Index, the average February nominal take-home pay increased to R15 186 in February but still remains 1.8% lower than what it was during the same period last year. Business Day TV unpacked the index with Independent Economist, Elize Kruger.
Robert Towell from Sasfin Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Roy Mutooni from Sanlam Investments Stock Watch
Caroline Cremen from AdviceWorx joins Business Day TV for a broader look at the day's market movers
Analysts across the globe are questioning the viability of using cryptocurrencies as a form of payment. In South Africa, one of country's largest retailers Pick n Pay, is making it possible for customers to pay for items using crypto. Business Day TV caught up with the CFO of Luno Alwyn Jones, for a look at the adoption of crypto as a payment methodd.
Over the past two decades there has been a growing debate about the concept and state of globalisation, with some analysts questioning its relevance in a post-pandemic world. Business Day TV discussed the relevance of globalisation with Wits University's John Stremlau.
Al Jazeera’s recent ‘Gold Mafia’ documentary highlights the extent of gold smuggling and money laundering in Zimbabwe. Business Day TV spoke to Propser Chitambara, Development Economist at the Labour & Economic Development Research Institute of Zimbabwe for his analysis how this phenomenon is impacting Zimbabwe’s economy.
Master Drilling has given its shareholders a reason to smile. The global drilling group has upped its dividend by over 46% largely driven by a 12% rise in profit. Business Day TV unpacked the performance in greater detail with company’s CEO Danie Pretorius.
The International Criminal Court has issued a warrant of arrest for Russian President Vladimir Putin, for allegedly committing war crimes in Russia's ongoing invasion of Ukraine. South Africa, being a signatory to the ICC, would be obliged to arrest Putin and hand him over if he sets foot on its soil. Putin is expected to be part of a group of Brics leaders to attend the annual summit in South Africa in August. The spotlight is on South Africa to see if the country will follow the ICC's mandate or not. ANC national spokesperson Mahlengi Bhengu-Motsiri says the party has taken note of the ICC's decision and it is engaging its deployees in government to gain an in-depth understanding of the situation. This visit would place Ramaphosa's government, which has not condemned Russia's invasion of Ukraine, in a precarious position. To unpack this in more detail Business Day TV spoke to Tauriq Moosa, Legal Writer for Business Day Editorial.
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Ricus Reeders from Psg Wealth Ruimsig and Graeme Körner from Körner Perspective Stock Watch
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
Higher enrolments and growing demand for ADvTECH's services within Africa gave its performance a boost. The private education provider has delivered an 18% jump in revenue and a 20% increase in headline earnings per share to 146 cents. Business Day TV spoke to company's CEO, Roy Douglas.
Thungela Resources almost doubled profits, delivering a 97% surge in headline earnings per share to R130. This was mainly due to high coal prices. Business Day TV unpacked the company's full-year performance with CEO July Ndlovu.
On this episode of Trade of The Week, founder of Herenya Capital, Petri Redelinghuys, gives his analysis on Bidvest, Capitec and Thungela.
Business Day TV spoke to Lullu Krugel, Economist at PwC about how businesses on the continent are implementing Environmental, Social, and Governance (ESG) strategies
With generating units in and out of service and load-shedding ramping up again, Eskom is faced with another giant - municipality debt. According to Deputy President, Paul Mashatile, in 2022, Municipalities owed Eskom over R56 billion yet none of the metropolitan municipalities in the country feature in the top five owing Eskom billions of rands. Business Day TV unpacked this in greater detail with TimesLive's news reporter, Sinesipho Schrieber.
While all industries have been hard hit by load-shedding, the metal and engineering industry is arguably one of the biggest casualties. The sector is projected to lose 5.3% in production this year, up from an earlier forecast of 2.2%, and companies have collectively cancelled R2.64 billion worth of investments due to the impact of power cuts. Business Day TV spoke to Tafadzwa Chibanguza, COO of the Steel & Engineering Industries Federation of Southern Africa for more insight.
Lonwabo Maqubela from Perpetua joins Business Day TV for a broader look at this afternoon market performance
The nurses' strike may be over but the implications for the fiscus and service delivery will echo for years. The union says the reasons for the strike included the implementation of austerity measures, collapsed wage negotiations and the employer's "aggressive attack on collective bargaining". Business Day TV looked further into this with Luyolo Mkentane, Politics & Labour Writer for Business Day.
David Shapiro from Sasfin Securities joins Business Day TV for a broader look at the day's market movers
On Stock Watch This Week, Wayne McCurrie from FNB Wealth & Investments, reviews the week's stock performance Stock Watch
Jacobus Brink from Novare Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Alex Duys from Umthombo Wealth & Zwelakhe Mnguni from benguela global fund managers Stock Watch
Remgro has weathered a tough economic environment. The investment holding company has delivered a 5% rise in its interim intrinsic net asset value and this allowed it to hike its dividend by 60% to 80 cents. Business Day TV unpacked the firm's numbers with CEO Jannie Durand.
High interest rates, power cuts and declining public spend have weighed on the construction sector. According to the Afrimat Construction Index, activity slipped 2.2% on a quarterly basis in the fourth quarter. Business Day TV unpacked that print with Roelof Botha, Advisor at Optimum Group.
Kearabilwe Nonyana from EA Capital joins Business Day TV for a broader look at the day's market movers.
Back in 2018 Gwede Mantashe was appointed South Africa's Minister of Mineral Resources and Energy, fast-forward to 2019 he had grand promises for the mining sector but has failed to deliver on exploration targets. Business Day TV spoke to Grant Mitchell, Head of the Junior and Emerging Miners Desk at the Minerals Council and John Paul Hunt, Principal Exploration Geologist at SRK for their assessment of the shortcomings.
The EU's carbon border adjustment mechanism has been labelled as a deeply unjust measure that could result in $16bn being wiped off the African continent's GDP. Business Day TV spoke to Deon Fourie, Senior Economist and Energy Expert at Oxford Economics Africa for more insight on those tariffs and its potential impact on the continent.
Following Heineken’s takeover of Distell, does it improve Remgro’s second go at the Sub-Saharan beer market post its failure in the 1970s? Business Day TV spoke to Marc Hasenfuss, Editor-at-Large of Financial Mail for his analysis.
Stuart Theobald, Project Director of the Sanlam ESG Barometer, asserts that there are two main reasons why ESG strategies exist and one of them is to help drive foreign investment. With the launch of Sanlam’s first ESG barometer, Business Day TV caught up with Theobald for more insight on how ESG commitments should boost foreign investment.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments Stock Watch
Eskom has resumed load shedding, and while the intensity of the power cuts may have eased, the business sector remains under pressure. Business Day Tv caught up with John Dludlu, CEO of the Small Business Institute for a look at how SMEs have been faring in this environment.
The ongoing global banking crisis has had markets in a frenzy over the past two weeks, and some analysts are comparing the turmoil in the banking industry to the crisis that hit markets in 2008. Business Day TV spoke to Old Mutual Wealth's Investment Strategist, Izak Odendaal for his take on the crisis.
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at the day's market movers
The Russia-Ukraine war has rattled food security across the globe with the energy crisis and climate change further complicating matters. Business Day TV looked at food security threats on the continent in greater detail with Norman Celliers, CEO of AFGRI.
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, Business Day TV spoke to Business Day's Companies Editor, Kabelo Khumalo.
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, Senior Economist at FNB.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Annatjie van Rooyen from MyWealth Investments joins Business Day TV for a broader look at the day's market movers
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.
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 Ramaphosa's Energy Action Plan. Business Day TV spoke to Martin Kingston joined Business Day TV for more detail.
Tackling your questions on this Friday edition of Stock Watch is Roy Mutooni from Sanlam Investments Stock Watch
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Deryck Janse van Rensburg from Anchor and Mia Kruger from Kruger International Stock Watch
Willem Oldewage from Nitrogen Fund Managers joins Business Day TV for a broader look at the day's market movers.
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.
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 detail.
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.
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, and players in the ecosystem, he will succeed in taking down the Eskom beast. His backers believe he's the real deal, and up to the task. Business Day TV spoke to Natasha Marrian, Deputy Editor & Columnist for Financial Mail, to look into Ramogkopa's supporters and his plans to end load-shedding.
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.
Greg katzenellenbogen from Sanlam Private Wealth joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
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.
Independent Analyst, Karl Gevers joins Business Day TV for a broader look at the day's market movers
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 CEO Chris Vorster for more detail.
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.
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 hosted Business Day's Energy Writer, Denene Erasmus for further details.
Louis Storm from Vega Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Drikus Combrinck from Capicraft Stock Watch
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
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.
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.
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 but the IEC disqualified the 69 DA votes for contravening with the voting procedure. Sisanda Mbolekwa, Political Reporter for Sunday Times joined Business Day TV to unpack Tshwane's political action.
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.
Byron Lotter from Vestact joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Nick Kunze from Sanlam Private Wealth and Zwelakhe Mnguni from Benguela Global Fund Managers Stock Watch
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
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 CEO Anthony Leeming.
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.
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.
TimesLive is looking to explore the possibilities of the digital era. The new upweighted TimesLive experience gives users the opportunity to also enjoy leisure-time entertainment on the platform. Come for the news, stay for the entertainment! Business Day TV spoke to TimesLive Publisher, Bongani Siqoko, on what the group's CEO, Mzi Malunga, referes to as the best time of your content consumption life.
Rob Towell from Sasfin Wealth joins Business Day TV for a broader look at this afternoon market performance
David Shapiro from Sasfin Securities joins Business Day TV for a broader look at the day's market movers
Patrice Rassou from Ashburton Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Independent analyst, Jimmy Moyaha and Ricus Reeders from PSG Wealth Ruimsig Stock Watch
Sanlam has delivered an uptick in profit amidst a tough environment. During the annual period, headline earnings per share increased by 3%, and this allowed the financial services group to raise its dividend by 8% to just over R3. Business Day TV spoke to the Financial Director, Abigail Mukhuba for more on those numbers.
Annatjie van Rooyen from MyWealth Investments joins Business Day TV for a broader look at the day's market movers.
Property group Fortress Real Estate has recorded overall low vacancies, but it's still unable to pay a dividend, and it's dealing with the fallout of losing its real estate investment trust status. To unpack this in detail, Business Day TV spoke to Fortress CEO Steven Brown.
Coronation is said to be planning an appeal that will take its tax fight with SARS to the Constitutional Court. This, after the Supreme Court of Appeal ruled in favour of SARS, and decided that Coronation's Irish business qualifies for a tax exemption. The asset manager has been ordered to pay, with interest, an undisclosed tax bill that has been in dispute since 2017. The tax bill equates R900m, close to as much as 70% of Coronation's 2022 annual profit. Business Day TV spoke to Financial Mail's Writer-at-large, Ann Crotty for more.
Wessel Joubert from Oyster Catcher Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Zwelakhe Mnguni from Benguela Global Fund Mangers Stock Watch
ETF markets kicked of 2023 with a bang, as many riskier assets benefited from the reopening of China's economy. Despite the optimism analysts have warned that elevated inflation, high interest rates and the ongoing war in Ukraine still present risks to equity markets. Business Day TV discussed this with Channel Lead at 10X Investments.
Despite market turmoil and the delisting trend, the JSE has delivered profit growth. During the annual period headline earnings per share increased by 4% as Africa's largest bourse recorded revenue growth across its business segments. Business Day Tv caught up with CEO Leila Fourie for more on those results.
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers
Business sentiment remains gloomy. In the first quarter, the RMB/BER Business Confidence Index fell to 36 points from 38 points in the fourth quarter. Owing to severe load-shedding, RMB says the print could have been much worse. Business Day TV unpacked the print in greater detail with Ettienne le Roux, Chief Economist at RMB.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Graeme Körner from Körner Perspective and Thamsanqa Netha from Shiloh Capital Stock Watch
Shoprite has delivered a 17% jump in its half-year revenue and a 10.2% rise in headline earnings per share. Despite the strong showing, the food retailer says profits could have been higher if it was not for the back-to-back power outages. Business Day TV spoke to the company's CEO, Pieter Engelbrecht.
Mpact has more than doubled its annual dividend to 115 cents. The paper and packaging company recorded strong profits on the back of higher demand for paper and plastics in South Africa. Business Day TV unpacked the numbers with CEO, Bruce Strong.
South Africa's economy has taken a knock. During the fourth quarter of 2022, GDP contracted by 1.3%, as all industries took a hit amid continuous power cuts. Business Day Tv unpacked the print with RMB's Economist Siobhan Redford.
The PwC Strategy's 2022 Open Banking and Payments Survey, shows cash remains the most dominant payment type on the African continent. Respondents were interviewed across three key African economies - South Africa, Kenya and Nigeria. Chantal Maritz, PwC Africa Payments Transformation Leader, said the results highlight the lack of varied digital payment acceptance mediums and infrastructure across all three African countries. Business Day TV spoke to Chantal for further details on the survey's findings.
President Cyril Ramaphosa has announced his much-anticipated cabinet reshuffle. One of the new appointees, Kgosientsho Ramokgopa, the country's new minister of electricity, is drawing most of the focus as he has been tasked with confronting the load-shedding crisis in the country. Financial Mail's Depuy Editor, Natasha Marrian, joined Business Day TV to look into the President's reshuffle.
Nedbank has posted a 20% rise in full-year profit for 2022 thanks to higher interest rates and a rebound in economic activity. But with South Africa's power supply crisis, Nedbank expects the economic environment to remain challenging. Business Day TV hosted Nedbank CFO, Mike Davis, to discuss the detail.
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jonathan Fisher from PSG Wealth Sandton Grayston and Rowan Williams from Nitrogen Fund Managers Stock Watch
Bidvest has delivered strong half-year results, reporting a 14% rise in revenue while headline earnings per share came in 15.3% higher. This comes as most of its divisions performed well, with six out of seven divisions achieving real trading profit growth. Business Day TV unpacked the results with CEO, Mpumi Madisa.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers
African Rainbow Mineral's has weathered Transnet issues as well as rising diesel costs. That's as the diversified miner delivered a 40% jump in headline earnings per share, benefitting from higher coal and manganese prices. Business Day Tv caught up with company's CEO, Mike Schmidt for a deeper look into its interim performance.
Loyiso Mpeta gives his quan-tech-mental analysis of Multichoice, Adcock and Barloworld.
MTN Rwanda says it expects fintech to be the main driver for its business in 2023. The company is also aiming to achieve 100% population coverage with its network in the East African country. Investment in network and platforms remains a key priority, supporting MTN's strategy to drive digital inclusion and subscriber base inclusion. Business Day's Business Writer, Mudiwa Gavaza spoke to Business Day TV about the strategy.
Sithembile Bophela from FNB Wealth Investment joins Business Day TV for a broader look at this afternoon market performance
Business Day TV's brings you a review of the week's stock performances with Lesedi Mabuza from Sentio Capital Stock Watch
The common belief is that the lack of regulation around cryptocurrencies makes the asset vulnerable to financial crimes. Crypto exchange, Luno however says that crypto is actually a terrible choice for scammers. Business Day TV dispelled the myth that crypto is a safe haven for criminals with Johan Hetzel, Head of Financial Crime at Luno.
Reko Nare from Anchor Capital joins Business Day TV for a broader look at the day's market movers
The constitutional court has rejected President Cyril Ramaphosa's application to challenge the Phala Phala report. The court said it lacked jurisdiction in the matter. The president continues to maintain his innocence, arguing that the panel had relied on "hearsay" and speculation in determining the impeachment case against him. Natasha Marrian, Deputy Editor & Columnist for Financial Mail joined Business Day TV to unpack what this unanimous dismissal means.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Mark du Toit from Oyster Catcher Investments and Roy Mutooni from Sanlam Investments Stock Watch
Higher learner enrollment numbers boosted Curro's topline during its financial year. The private school group has delivered a 17% jump in annual revenue, but this did not translate to its bottom line, as impairments and finance costs weighed on the company, resulting in a 6% dip in profit. Business Day TV spoke to Curro's CEO Cobus Loubser for more detail
Higher interest rates have given FirstRand a boost. The lender has delivered a 15% jump in headline earnings, which helped it lift its dividend by 20% to 189 cents. Business Day TV discussed the company's performance with CEO Alan Pullinger.
Steven Schultz from Momentum joins Business Day TV for a broader look at the day's market movers.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Implats has been hit by a double-whammy. Persistent power cuts coupled with the rebuilding of a furnace resulted in a 9% drop in the miner’s interim production which is largely responsible for the group’s 2.1% drop in half-year headline earnings per share. Business Day TV unpacked the results in greater detail with the company’s CEO Nico Muller.
South Africa recently joined a number of other African countries on the Financial Action Task Force’s Greylist. Morocco, in the meantime, just managed to get off the list after nearly two years of being on it.
Business Day TV spoke to Jee-A Van Der Linde, Senior Economist at Oxford Economics Africa about the impact of Greylisting on African economies.
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments Stock Watch
Higher gold prices have worked in Harmony Gold's favour. The miner has delivered revenue growth of 6% and an increase in headline earnings per share of 18% to 293 cents. Business Day TV unpacked the numbers with CEO Peter Steenkamp.
Carmen Mpelwane from Sanlam Investments joins Business Day TV for a broader look at the day's market movers
Aspen has reported a 15% drop in interim headline earnings per share dropping. The drugmaker says the decline was mainly due to inflationary pressures, supply chain issues as well as the loss of COVID vaccine sales. Business Day TV caught up with the CEO, Stephen Saad for more detail on the performance.
Murray & Roberts has slipped into the red, and posted an interim headline loss per share of 322 cents. The group says over the past three years, culminating in the last six months, it's suffered the devastating impact of the pandemic and the war in Ukraine, particularly on its Energy, Resources & Infrastructure business platform. Business Day TV spoke to CEO Henry Laas for more detail.
The net-zero emissions 2050 target has placed alternative energy sources firmly in the spotlight, and biofuel, which is a product of biomass is being eyed as substiute the use of fossil fuels on the continent. Business Day TV spoke to Yaa Ngonyama, Consultant at Frost & Sullivan for more on Africa's opportunities as far as biofuels are considered.
Cashbuild has posted a 39% drop in half-year headline earnings per share, amid a decline in home renovations spend. Business Day TV unpacked the performance in greater detail with CEO Werner De Jager.
According to Business Day, the automotive industry is not impressed with government's failure to present a policy that would encourage the local manufacturing of new energy vehicles (NEVs). David Furlonger, Editor-at-large for Financial Mail, spoke to Business Day TV about the concerns of the motor industry.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Thamsanqa Netha from Shiloh Capital Stock Watch
South Africa's unemployment rate fell slightly in the fourth quarter and declined to 32.7% from 32.9% previously, supported by gains in the finance sector, along with private households. The level of youth unemployment, which is sitting it at just over 43%, remains a concern, as that age group accounts for over half of South Africa's employable population. Business Day TV discussed initiatives underway to tackle youth unemployment with the COO of the Youth Unemployment Service, Leanne Emery Hunter.
South Africa's government is accelerating its infrastructure spend for the next three years, with up to R903 billion allocated to improve roads, water supply, and to ensure that the country has high-speed internet. Business Day TV spoke to Sindisiwe Mosoeu, Infrastructure Finance Transactor at RMB, for more insight on these plans.
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
South Africa’s official unemployment rate edged lower during the fourth quarter, and decreased by 0.2 of a percentage point to 32.7%. The change reflects the addition of 169 thousand jobs to the country's workforce. Business Day TV unpacked the print in greater detail with Kevin Lings, Chief Economist at Stanlib.
An internal Eskom report shed light on how bosses at Megawatt Park gave verbal instructions to return a unit at Kusile to full capacity service, despite the failure of a critical component, which is costing the country more than two stages of load-shedding. Sabelo Skiti, Investigative Journalist for Sunday Times, joined Business Day TV to unpack the decisions taken.
Robert Towell from Sasfin Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Devin Shutte from The Robert Group and Alex Duys from Umthombo Wealth Stock Watch
Sentiment around South African banks soured slightly after the country was greylisted. Business Day TV caught up with Daniel Masvosvere, Senior equity analyst, for a look at whether this will have a longer-term impact on banks.
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers
Taking a look at the day’s business news influencing market moving activity, and forex.
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The Financial Action Task Force has put SA on its grey list. According to Business Day, the nation is likely to face a three-year slog, in order to get itself removed from this global list of 25 countries deemed to have inadequate anti-money laundering and counterterrorist financing controls. The greylisting is expected to have negative consequences, making it more costly and cumbersome to do business. Business Day TV spoke to Garth Theunissen, Investment Writer for Business Day, to unpack what the greylist really means for SA.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Drikus Combrink from Capicraft and Ricus Reeders from PSG Wealth Sandton Grayston Stock Watch
Treasury will be helping Eskom keep the lights on, after agreeing to take on more than half of the power utility's debt. This will help Eskom build on its operations and strengthen its balance sheet. Business Day TV caught up with Eskom's Chair Mpho Makwana and he shared more insight on the state of Eskom.
Independent Analyst, Karl Gevers joins Business Day TV for a broader look at the day's market movers.
The local unit has lost most of its recent gains, remaining above R18 to the dollar. This comes as a greylisting announcement continues to weigh on sentiment. Business Day TV discussed the moves playing out in the currency space with RMB's Client Strategist, John Cairns.
Discovery has decided to keep cash on hand and has withheld its interim dividend, despite recording a 30% jump in normalised earnings. Business Day TV unpacked the numbers in greater detail with CEO Adrian Gore.
South Africa is battling the longest and most intense power cuts in its history. The Financial Mail reports that South Africans can't live without a functional Eskom. Business Day TV spoke to Financial Mail's Editor, Rob Rose, to unpack how close you can get to going off-grid in your home.
Patrice Rassou from Ashburton Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions in studio tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
A panel of experts joined Business Day TV to discuss the tax implications from the 2023 national budget delivered by finance minister Enoch Godongwana. Experts include Khanyisa Cingo - Ngandu, Head Of Tax at SNG Grant Thornton, Osman Mollagee, Partner from PwC; Judge Dennis Davis, chair of the Davis Tax Committee and Pieter Faber, Senior Executive of Tax at SAICA.
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers
Finance minister Enoch Godongwana delivered the 2023/24 national budget and Business Day TV's Noluthando Mthonti-Mlambo caught up with the Minister to discuss government's vision for the next fiscal year.
Business Day TV spoke to Tony Davey, Chartered Tax Advisor and Advocate at Tony Davey & Associates and Phillip Joubert, Manager at SAIPA for insight into how decision in the 2023 national budget could affect your finances.
A national budget tabled against the backdrop of intensified power cuts, high inflation and interest rates. Business Day TV spoke to Busi Mavuso, CEO of Business Leadership SA and Mike Brown, CEO of Nedbank for their take on how business is digesting what has been tabled in the current climate.
Business Day TV unpacks finance minister Enoch Godongwana's 2023 budget with Colin Coleman, Co-Chairman: Youth Employment Service, Lumkile Mondi from Wits University, Peter Attard Montalto of Intellidex and Development Economist at the Stellenbosch Business School, Nthabiseng Moleko.
Bidcorp has released results for the half year ended December 2022. The South African food services company reported a 45.5% jump in half-year earnings, benefiting from resurgent demand across the hospitality sector. Net revenue rose 28.1% to R91.8 billion but Bidcorp said operating conditions are likely to remain volatile with ongoing staff shortages, supply chain disruptions and stubbornly high inflation. Business Day TV unpacked the company's results with Bidcorp CFO, David Cleasby.
Jacques Pretorius fro Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Zwelakhe Mnguni from Benguela Global Fund Managers and Deryck Janse van Rensburg from Anchor
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
JSE-listed Super Group says it managed to navigate a global slowdown and intense power cuts in South Africa, by delivering double-digit interim revenues and profits for the six months to end December 2022. Group CEO, Peter Mountford joined Business Day TV to unpack the performance.
Sasol has reinstated its half-year dividend. The firm has dished out a payout of R7 per share, despite reporting mixed results, where earnings before interest and tax remained in line with the prior period at R24.2 billion. Business Day TV spoke to the company's CEO, Fleetwood Grobler for more detail on Sasol's interim performance.
Aveng has posted a 353% surge in interim headline earnings driven by a boost from the Australian market. This is the group’s fifth consecutive profitable period post a construction industry slump. Business Day TV unpacked the performance with company’s CEO Sean Flanagen.
Gauteng Premier, Panyaza Lesufi, has presented his first state of the province address. The address outlines ambitious plans for how the province plans to tackle crime. This, after Gauteng recorded the second-highest number of multiple murders in the country, with other crimes also on the rise. On the other hand, the DA-led Tshwane is set to elect its fifth mayor in eight years. This, after the resignation of Randall Williams. Business Day TV spoke to Sowetan's Politics Editor, Fikile Moya, for further details.
Percy Mathebula from Sentio Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions in this episode of Stock Watch is Independent Analyst, Chris Gilmour and Nick Crail from FNB Wealth & Investments
A number of firms globally appear to be cash flush, amid record share repurchase programs. In 2022 companies bought stocks worth $1.2 trillion and analysts expect firms to exceed this record in 2023. Business Day TV discussed the buyback trend with Adrian Saville, Investment Specialist at Genera Capital and a Professor at GIBS.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
Anglo American Platinum's full-year performance took a knock. The miner's posted a 38% plunge in annual profit after a two month delay in its smelter rebuild hit sales. Amplats CEO Natascha Viljoen joined Business Day TV to unpack the numbers.
On Trade of the Week, Unum Hedge Fund Manager, Loyiso Mpeta provides technical analysis of Cigna Corporation, Advanced Micro Devices and Blackstone Inc.
With illegal mining on the rise in SA, a serious risk to the sustainability of the mining sector arises. This has now started to affect other sectors with City Power substations at risk of collapsing, and some residents forced to sell their homes - in fear for their safety. The Sowetan spoke to some of the residents in Florida Lake, where zama-zamas are mining illegally and Business Day TV spoke to Sowetan Journalist, Noxolo Sibiya to unpack the situation in more detail.
Jaco Eager from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Lonwabo Maqubela from Perpetua and Martin Smith from Anchor Capital join Business Day TV for a broader look at the day's market movers
Finance Minister Enoch Godongwana will deliver the National Budget speech on the 22nd of February, against the backdrop of rising inflation, high interest rates and persistent power cuts. Business Day TV spoke to Pieter Faber, Senior Tax Executive at SAICA, for a look at his Budget 2023 expectations.
The Financial Action Task Force is set to hold a plenary in which it will decide on whether to put South Africa on a greylist of countries that have failed to meet the required standards. Ann Crotty, Writer-at-large for Financial Mail, spoke to Business Day TV to unpack what she calls the 'hypocrisy behind greylisting'.
Business Day TV's brings you a review of the week's stock performances with Ricus Reeders from PSG Wealth Ruimsig
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Roy Mutooni from Sanlam Investments and Kayalethu Nodada from Old Mutual Investments
Cryptocurrency prices have ticked up, shrugging off the tougher regulatory stance from the US government. Business Day TV spoke to the South African Country Manager at Luno, Christo de Wit for detail.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers.
Analysts are growing weary of the US tech sector, despite the recent rally. Business Day TV caught up with Oanda's Senior Markets Analyst Craig Erlam for a look at whether the rally can be sustained even as the pessimism persists.
The hunt for South Africa's next power utility CEO has begun. Eskom recently published the CEO job spec on its website with hopes to have the right candidate by April. Trade union federation, Cosatu, has urged government to request outgoing Eskom chief executive, Andre de Ruyter, to remain at the helm of the power utility, until his replacement is appointed. So what skills will an ideal candidate need and who dares apply to replace De Ruyter, who says it's an unforgiving and dangerous job after an attempt on his life? Financial Mail's Deputy Editor and Columnist, Natasha Marrian spoke to Business Day TV about the hunt for the next Eskom CEO.
Wessel Jouber from Oyster Catcher Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Emira Property Fund has lifted its dividend by over 17% after posting a 15% rise in half-year distributable earnings as it benefited from its strong geographic diversification. Business Day TV spoke to CEO Geoff Jennett for more detail.
Nesi Chetty from Stanlib joins Business Day TV for a broader look at the day's market movers
DRDGold has posted a 7% jump in interim headline earnings per share, as it benefited from strong gold prices during the period which offset the impact of load-shedding on most of its operations. Business Day TV discussed the company's performance with CEO Niël Pretorius.
Finance Minister Enoch Godongwana will deliver the National Budget Speech on 22 February 2023, which aims to strike a balance between competing spending priorities and limited resources. Business Day TV spoke to Business Day's Editor-at-large, Hilary Joffe, about her budget expectations.
Byron Lotter from Vestact joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Drikus Combrink from Capicraft
Rowan Williams from Nitrogen Fund Managers joins Business Day TV for a broader look at the day's market movers
The diamond market is still shining bright, with research showing that the industry will grow from $2.4 billion in 2022 to $2.5 billion this year. This is largely due to the increasing population in developing countries such as China and India. Business Day Tv caught up with a player in that sector - CEO of Petra Diamonds, Richard Duffy for a greater sense of the industry's performance.
Investors have been eyeing government backed retail bonds, saying returns are greater as they are less likely to default. Business Day Tb unpacked the pros and cons with RMB's Fixed Income & Currency Analyst, Kim Silberman.
It's Valentine's Day and love might not cost a thing but, this year's comes against the backdrop of economic strains. However, the Floral industry is always in full bloom but do we have the financial means to support this year? Business Day TV stepped out to hear what you think about the cost of love; or flowers. Also, Janine Horn, Financial Adviser at Momentum Financial, shared her insights on the effects of inflation on the floral industry. That's right before Business Day TV took a look at where the most boom in South Africa's Luxury goods market is with Wanted Magazine's Manager of Luxury Brand Partnership, Celeste Khumalo.
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Graeme Körner from Körner Perspective and Nick Kunze from Sanlam Private Wealth
South Africa's state-run companies have fallen victim to operational inefficiencies, financial mismanagement and poor governance. This includes Eskom, SAPO, Prasa, Transnet and SAA. Mark Barnes, former CEO of the SA Post Office; Bheki Mfeka, former economic advisor to the Presidency and Dawie Roodt, Chief Economist at Efficient Group joined Business Day TV to unpack the state of state-owned companies.
South Africans are in for a tax break, that's as the government introduced Section 12B - which allows for a tax deduction for certain qualifying assets used for electricity generation from renewable sources. Business Day TV caught up with CEO & Co-founder of Grovest Jeff Miller for more of the detail
Italtile has had a tough six months. During the half-year period the group reported a 6% decline in headline earnings per shares as the home improvement trend continued to wane. Business Day TV spoke to the company's CFO, Brandon Wood.
Independent Analyst Kearabilwe Nonyana joins Business Day TV for a broader look at the day's market movers
South Africans are looking for alternative energy sources as load-shedding reaches record levels and Ellies could benefit from this as it refines its product mix to meet demand. Business Day TV spoke to Business Writer for Business Day, Mudiwa Gavaza, about Ellies' plans to lure customers.
Sithembile Bopela from FNB Wealth & Investmentjoins Business Day TV for a broader look at this afternoon market performance
Ashley Daswa from Sanlam Investments and David Shapiro from Sasfin Securities joins Business Day TV for a broader look at the day's market movers
All eyes are on the Proteas women's team, as the first host of The ICC Women's T20 World Cup in Africa. Business Day TV unpacked the build-up to the tournament with Stuart Hess, Sports Reporter for Sunday Times.
A review of how markets performed this week and we answer your stock-related questions.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Devin Shutte from The Robert Group and Gary Booysen from Rand Swiss
All eyes are on President Cyril Ramaphosa as he gears up to deliver his annual State of the Nation address. Business Day TV caught up with Development Economist at Stellenbosch Business School, Nthabiseng Moleko and she shared her expectations ahead of the address.
Caroline Cremen from AdviceWorx joins Business Day TV for a broader look at the day's market movers.
President Cyril Ramaphosa's State of the Nation Address is set to take place as South Africans facing multiple socio-economic issues. The Financial Mail team profiled some districts and were exposed to a reality that contradicts the progress espoused by President Cyril Ramaphosa. Business Day TV spoke to Financial Mail's, Jaco Visser, to unpack the details of what the publication refers to as the 'real state of the nation'.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Amid a listing exodus, emerging miner Copper 360 is set to join the AltX board by the end of the month. Business Day TV spoke to the company's CEO Jan Nelson, for more insight on its plans.
Faheema Adia from Momentum joins Business Day TV for a broader look at the day's market movers
Headwinds in the mining industry are coming to the fore with the Investing in African Mining Indaba entering its third day.
Despite headwinds, mining companies like Thungela Resources remain optimistic about the industry's prospects.
July Ndlovu, CEO of Thungela Resources joined Business Day TV to discuss the future of coal mining.
President Cyril Ramaphosa has delayed a cabinet shakeup, reportedly due to concerns that the reshuffle might overshadow the State of The Nation Address. Business Day TV spoke to Sowetan's Politics Editor, Fikile Moya, about his expectations for SONA, as well as his views of the delayed cabinet reshuffle.
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Mark du Toit from Oyster Catcher Investments and Ricus Reeders from PSG Wealth Ruimsig
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers
Business Unity South Africa (Busa) has sent a letter to President Cyril Ramaphosa, and urged the Head of State to use the upcoming cabinet reshuffle to improve the performance of a government that has been slow to deliver on promises of economic reform. BUSA CEO, Cas Coovadia joined Business Day TV to unpack the note in greater detail.
All eyes are on President Cyril Ramaphosa, as he is set to deliver the State of the nation address on Thursday. Business Day TV caught up with RMB's Head of Research, Isaah Mhlanga ahead of the address for a look at the state of South Africa's economy.
Minister of Mineral Resources and Energy, Gwede Mantashe's opening address at the African Mining Indaba outlined areas of immediate focus in addressing rolling blackouts but it provided scant detail on how that would be achieved. South Africa's president, Cyril Ramaphosa, delivered a keynote address to more than seven thousand delegates at the event also addressing the issue. Business Day TV spoke to Business Day's Editor-at-large, Hillary Joffe, for her reaction to President Cyril Ramaphosa's address.åçåç
Robert Towell from Sasfin Wealth joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jonathan Fisher from PSG Wealth Sandton Grayston and Independent Analyst, Jimmy Moyaha
The popularity of ChatGPT has caught investors' attention, with tech firms now looking at investing in AI systems. Business Day TV caught up with Johan Steyn, a Human-Centered Artificial Intelligence advocate, and he unpacked the trends playing out in that space.
Carmen Mpelwane from Sanlam Investments joins Business Day TV for a broader look at the day's market movers
Peter Leon, partner and Africa chair at international law firm, Herbert Smith Freehills is calling for the uncoupling of the Department of Minerals and Energy, so that a new Minister of Energy can "fast track the changes to ensure that South Africa's energy sector can receive the urgent attention it deserves". Business Day TV spoke to Peter Leon for more detail.
As the world journeys to net-zero emissions by 2050, a lot of attention is on energy intensive users such as the mining industry which is still largely powered by fossil fuels. Business Day TV spoke to Dom Mills, CEO of SOLA group for his take on unlocking the future of African mining through clean energy.
The Johannesburg High Court has ordered the ANC to hand over the records of the work of the national cadre deployment committee, within five days. The records relate to the committee's work from January 2013 to January 2021, and according to Sunday Times Live, the order marks a major legal victory against the ANC for the DA. Sunday Times Reporter, Franny Rabkin, discussed the details of the court case with Business Day TV.
The 2023 Investing in African Mining Indaba is taking place under the theme 'Unlocking African Mining Investment: Stability, Security and Supply'. Business Day TV unpacked the indaba’s agenda with Henk Langenhoven, Chief Economist at the Minerals Council SA.
On Trade of the Week, Unum Hedge Fund Manager, Loyiso Mpeta provides technical analysis of local-based international companies with a focus on Woolworths, Bidcorp and Motus
Louis Storm from Vega Capital joins Business Day TV for a broader look at this afternoon market performance
Jacobus Brink from Novare joins Business Day TV for a broader look at the day's market movers
Despite the somewhat dovish tone from the Fed, the rand continues to remain volatile. The local unit is trading above the R17 mark to the dollar, as factors like load shedding continue to weigh on sentiment. Business Day TV spoke to RMB's Shehnila Khan for more insight on the moves playing out in the currency scene.
A review of how markets performed this week and we answer your stock-related questions.
Tackling your questions tonight is Greg Katzenellenbogen from Sanlam Private Wealth and Neelash Hansjee from Old Mutual Investments
Bitcoin's retreated from its recent rally, with the crypto's price remaining just above the $23,000 mark. Business Day TV discussed the activity playing out on that end with Luno's Christo de Wit.
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers.
South Africa's small and medium enterprises (SMEs) account for about 40% of gross domestic product and more than half of private sector jobs but the sector faces a credit gap. Lulalend is looking to help address the SME industry's financing needs, and Business Day TV spoke to the CEO of Lulalend Trevor Gosling, for more detail.
After revelations of R12bn rands' worth of 'artificial sweetener' to its accounts, Tongaat Hullet has seen scandal after scandal. While the group is in the midst of a business rescue process, Gavin Hudson has resigned as CEO and with over 500, 000 people dependent on its survival, Financial Mail's Editor, Rob Rose, joins us to debate whether Tongaat Hulett can be saved.
Simon Brown from JustOneLap joins Business Day TV for a broader look at this afternoon market performance
Despite rolling blackouts, the International Monetary Fund is quite positive about South Africa's growth prospects. That's as it lifted SA's economic outlook, pegging growth at 1.2% for 2023. Business Day TV caught up with the IMF's Max Alier and he shared insight on the group's outlook.
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
The ETF market has started 2023 on a good note, as inflows picked up in January. During the first month of the year emerging equity and debt markets raked inflows worth $1.1 billion per day. Business Day TV spoke to Michelle Noth of 10X Investments for more detail on the factors driving activity in that space.
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
South Africa is experiencing a power crisis that is weighing on the economy. Business Day TV spoke to Alan Dickson, CEO of Reunert for a look at how the group is handling the impact of loadshedding and whether its investment in alternative energy is proving to be beneficial.
South Africa’s new vehicle sales market is improving, and Toyota is the brand of choice. Business Day TV spoke to Denis Dropa, Group Motoring Editor at Arena Holdings for an analysis of the country’s top three selling cars.
Patrice Rassou from Ashburton Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Ricus Reeders from PSG Wealth Ruimsig
Illicit trade in South Africa has surged, fueled in part by the Covid-19 pandemic and a steep rise in the cost of living. Business Day TV caught up with Sinenhlanhla Mnguni, Chair of the Fair-Trade Independent Tobacco Association and Johann van Loggerenberg, former SARS Executive & Author of Tobacco Wars to discuss the impact the trade has had on the economy.
Greame Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
President Cyril Ramaphosa says the increasing price of electricity will add to the difficulties South Africans are already facing. In his newsletter, President Ramaphosa stated that government is considering additional mechanisms to address the rising cost of electricity. Sunday Times reporter, Sisanda Mbolekwaspoke to Business Day TV about the issue.
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Deryck Janse van Rensburg from Anchor and Nick Kunze from Sanlam Private Wealth
Annatjie van Rooyen from MyWealth Investments joins Business Day TV for a broader look at the day's market movers
Equities have been dealt a number of blows over the past three years. Headwinds like Covid-19, the war in Ukraine and recession talks, have sent markets into bear territory and contributed to a big drop in stock prices. Business Day TV discussed how listed firms behave in bear and bull markets with FNB Wealth and Investments' Wayne McCurrie.
Independent analyst, Loyiso Mpeta gives insight into what the charts are saying for Apple, Regeneron Pharmaceuticals and 3M Company.
The Ghanaian government alleges that MTN under-declared its revenue by 30% in the 2014 to 2018 period. Earlier this month, the mobile operator announced that it was facing a tax assessment by the Ghana Revenue Authority. MTN has vowed to fight the tax claim in Ghana, stating that the rand equivalent of the assessment amount is R13bn, including penalties and interest charges. International relations & co-operation minister, Naledi Pandor, has called on MTN and Ghana to resolve the tax dispute stating that competitors from other parts of the world do not appear to be subjected to the challenges that SA companies face in Africa. Business Day TV spoke to Mudiwa Gavaza, Business Writer at Business Day for more.
Jaco Eagar from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
David Shapiro from Sasfin Securities and Independent Analyst, Kearabilwe Nonyana join Business Day TV for a broader look at the day's market movers
Tackling your questions this afternoon is Independent Analyst, Jimmy Moyaha and Ricus Reeders from PSG Wealth Ruimsig
Jacques Pretorius from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Business Day TV spoke to Roy Mutooni from Absa Asset Management and jean Pierre Verster from Protea Capital
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers.
The South African Reserve bank has slowed the pace of rate hikes at its first meeting of the year. The majority of the MPC agreed on a 25 basis point increase pushing the repo rate to 7.25%. Business Day TV spoke to Senior Economist at FNB, Koketso Mano for her analysis on the move.
SA Canegrowers is appealing to the government to put short-term measures in place to mitigate the impact of load shedding on the industry. The request comes as the sector is set to lose more than R700 million this year due to load-shedding. Business Day TV caught up with the Chairperson of SA Canegrowers, Andrew Russell for more detail.
Wessel Joubert from Oyster Catcher Investments joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
The JSE has stripped Fortress of it REIT status, saying the property company no longer meets its minimum requirements. This follows a tussle between shareholders and executives, as they failed to reach an agreement on Fortress’ dual share structure. Business Day TV caught up with the company’s CEO, Steven Brown and CFO, Ian Vorster for more detail.
Poultry producer Astral Foods expects a huge drop in its headline earnings in its next half-year results, because of load-shedding as it looks to recover input costs by hiking selling prices. Business Day TV spoke to CEO of Astral Foods, Chris Schutte for more insight.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
Greg Katzenellenbogen from Sanlam Private Wealth joins Business Day TV for a broader look at this afternoon market performance
The idea of a new state bank has resurfaced, at a time when public trust in state-owned entities is critically low. Business Day TV discussed the viability of a state-owned bank with Kokkie Kooyman from Denker Capital
Tackling your questions tonight is Graeme Körner from Körner Perspective and Drikus Combrinck from Capicraft
South Africa’s delegation at the World Economic Forum in Davos showcased the country as an investment destination amid a dire energy crisis. Business Day TV spoke to BrandSA's Sithembile Ntombela for a look at how South Africa was received at the WEF.
Lonwabo Maqubela from Perpetua joins Business Day TV for a broader look at the day's market movers
The South African Reserve Bank is expected to increase rates at its upcoming meeting and analyst forecasts range from a 25 basis point hike to a 50 basis point hike. Business Day TV spoke to Siobhan Redford, Economist at RMB for her view.
The South African Post Office is looking to reduce its working hours and retrench employees, as it seeks to cut its wage bill. Business Day TV spoke to SAPO CEO Nomkhita Mona for more detail on the current state of the utility.
Tackling your questions tonight is Rowan Williams from Nitrogen Fund Managers and Gary Booysen from Rand Swiss
For this week's trade of the week, independent analyst Loyiso Mpeta takes a look at insurance stocks by unpacking the technical analysis he's done on Discovery, Momentum, Old Mutual and Sanlam.
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's marketa movers
Even though African banks have proven resilient over the last two to three years, 2023 may be the year that global and domestic shocks undermine credit drivers for African lenders. This is expected to add to existing operating environment risks as highlighted by Fitch Ratings in its outlook for African banks this year. Mahin Dissanayake, Head of African Banks at Fitch Ratings spoke to Business Day TV about the research.
Eskom's board chair and CEO seem to have contrasting views on the outlook for electricity outages. Eskom chairperson Mpho Makwana has stated that permanent load-shedding will have to be implemented to give Eskom room to conduct the necessary maintenance to its power stations. While Eskom CEO, Andre de Ruyter says that permanent stage 2 and stage 3 load-shedding will not guarantee that Eskom could keep load-shedding at those levels. Busibness Day TV spoke to Business Day journalist Denene Erasmus for more.
There seems to be no light at the end of the tunnel in terms of the future of load-shedding. Government has given a timeline of 12 to 18 months to bring the power crisis to an end while Eskom Chair Mpho Mkwana suggests 2 to 3 years with permanent stage two or three of load shedding in place and Eskom CEO, Andre De Ruyter says "it's all too unpredictable." Will load shedding get worse before it gets better? To find out, Business Day TV spoke to energy analyst, Ted Blom for his views.
Jacobus Brink from Novare Investments joins Business Day TV for a broader look at this afternoon market performance
Karooooo had a strong third quarter and delivered record subscriber growth of 14% during the period, driven by strong demand. Business Day TV spoke to CEO Zak Calisto for more insight on the performance.
Martin Smith from Anchor Capital joins Business Day TV for a broader look at the day's market movers
If you want to exit employees, you need a good reason under law. You can’t dismiss employees just because you don’t like them or they irritate you. Heinrich Marx, SME HR Specialist, discusses some legal reasons, for example damage to property or breaking company rules.
It’s very important to have a performance management strategy around your sales team. In the words of Allon Raiz: "Performance management is a requirement for growth.” It’s advisable to set targets for your teams and let sales and marketing teams report to you as HOD, even though you’re the MD or CEO.
Gary Roux Junior joined his father in their family business called Aerial and Satellite City (AS City) as the MD, and his challenge is that it seems as if only himself and his father can close deals. He steps into conversation with Allon Raiz, CEO: Raizcorp on how to overcome this challenge.
Tackling your questions tonight is Alex Duys from Umthombo Wealth and Independent Analyst, Jimmy Moyaha
The JSE ended 2022 strong and analysts expect things to get even better in 2023, as they bank on emerging markets over developed markets. Business Day TV caught up with John Morris, South Africa Investment Strategist at Bank of America, for his market outlook.
The crypto market took a knock in 2022. Bitcoin shed over 60% of its value, as the market was rocked by macroeconomic issues like rising inflation and high interest rates as well as the collapse of FTX. Business Day TV spoke to Luno’s General Manager for Africa Marius Reitz, and he shared his 2023 outlook for the industry.
Carmen Mpelwane from Sanlam Investments joins Business Day TV for a broader look at the day's market movers.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Nesi Chetty from Stanlib joins Business Day TV for a broader look at the day's market movers
The poultry sector, which is yet to fully heal from pandemic-caused wounds, is now taking a fresh beating from persistent power outages. Business Day TV caught up with Izaak Breitenbach, Head of the SA Poultry Association's broiler board for more detail.
Commodity prices are on the up, largely due to optimism around China, with analysts expecting demand to improve as the world's second largest economy opens its borders. Business Day TV spoke to Investment analyst at Anchor Capital, Seleho Tsatsi for more insight.
The ETF market ended 2022 off on a sour note, with inflows halving to $80 billion. Business Day TV unpacked the factors the weighed on that market with the Head of Product and Client Solutions at CoreShares, Chris Rule.
Byron Lotter from Vetsact joins Business Day TV for a broader look at this afternoon market performance
BLSA CEO Busi Mavuso urges South African delegates to reinforce that the country is still a safe place for investment at the WEF, despite the economic predicament the country finds itself in. She joined Business Day TV to discuss South Africa's investment case.
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Devin Shutte from The Robert Group
Growth in China’s economy slowed to 3% in 2022, as Covid-19 related restrictions as well as a slump in its property market weighed. Business Day TV unpacked the print with Prescient Investment Management’s Liang Du.
Annatjie Van Rooyen from My Wealth Investments joins Business Day TV for a broader look at the day's market movers
The local bond market is proving to be resilient. Foreign investors are still seeing value in bonds, despite local issues like load-shedding weighing on South Africa’s economy. Business Day TV caught up with RMB's Michelle Wohlberg for her analysis of South African bonds.
Percy Mathubela from Sentio Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Mia Kruger from Kruger International and Mark Du Toit from Oyster Catcher Investment
Several political parties have threatened to protest against load-shedding and tariff hikes. For more insight Business Day TV spoke to DA leader John Steenhuisen.
The South African government is in talks with the World Bank on a fresh $1bn loan. Business Day TV spoke to AlexForbes economist, Murendeni Nengovhela for his take on the move.
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers
Independent analyst, Loyiso Mpeta brings us technical analysis on Google, Sherwin Williams Company and Exxon Mobil.
Robert Towell from Sasfin Wealth joins Business Day TV for a broader look at this afternoon market performance
Chris Reddy from All Weather joins Business Day TV for a broader look at this afternoon market performance
Wayne McCurrie from FNB Wealth & Investments joins Business Day TV for a broader look at the day's market movers
Consumer prices have slowed, easing to 7.4% year on year in November. This however is still above the Sarb's target range of 3-6% Business Day TV unpacked the data with RMB Economist, Siobhan Redford.
President Ramaphosa is still in the running to be re-elected as ANC president. This thanks to ANC MPs heeding the call to toe the party line with regards to voting against the adoption of the Phala Phala report saving him from an impeachment process ahead of the 55th national elective conference. Business Day TV spoke to Political Analyst Xolani Dube for his analysis of what is playing out in the political arena.
Wayne McCurrie from FNB Wealth & Investments joins Business Day TV for a broader look at this afternoon market performance
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions in this episode of Stock Watch is Ricus Reeders from PSG Wealth Ruimsig and Sanelisiwe Tofile from All Weather Capital
In a move that could strengthen energy security in South Africa, Renergen has started delivering liquefied natural gas. This is the first domestically produced, commercial LNG from Phase 1 of its Virginia gas project. Business Day TV spoke to the company's CEO, Stefano Marani for more of the detail.
Robert Towell from Sasfin Securities joins Business Day TV for a broader look at the day's market movers.
After weeks of turmoil, Bitcoin is still struggling to recover from the FTX fallout - trading below that $17 000 mark. Business Day TV discussed the moves paying out with Marius Reitz from Luno
Faheema Adia from Momentum Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Independent Analyst, Chris Gilmour and Wayne McCurrie from FNB Wealth & Investments
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
South Africa's economy is reeling under the most severe electricity blackouts, with analysts saying there is a high likelihood that the country will be forced into stage 7 load shedding before the weekend.
Energy Analyst, Ted Blom joins Business Day TV to make sense of South Africa's power crisis.
Annual house price growth is slowing down, this comes consumers contend with rising interest rates and hot inflation, further weighing on South African’s spending power. This has resulted to many prospective homeowners opting to rent rather than buy. Business Day TV spoke to Senior Economist at FNB, Siphamandla Mkhwanazi for more of the detail.
As the year comes to an end, investors are taking stock of their investments, particularly looking at returns as markets remain choppy. Business Day TV spoke to CoreShare’s Managing Director, Gareth Stobie and he shared details on asset classes that have been providing positive returns.
Jaco Eager from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Drikus Combrinck from Capicraft and Jean Pierre Verster from Protea Capital Management
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
South Africa’s economy has expanded, growing by 1.6% in the third quarter. The positive data was mainly driven by gains from the agricultural and mining sectors. Business Day TV spoke to AlexForbes Economist, Khanyisa Phika for more of the detail.
Upbeat GDP data has given the rand a boost but traders are still concerned – keeping an eye on how the Phala Phala scandal plays out. Business Day TV caught up with RMB Fixed Income and Currency Analyst, Kim Silberman for a closer look at the currency scene.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Graeme Körner from Körner Perspective and Willem Oldewage from Nitrogen Fund Managers
Nampak has been hit by a triple whammy - forex losses, higher interest rates and increased impairments. Business Day TV spoke to the group's CEO, Erik Smuts to find out how the firm is managing this and strengthening its balance sheet.
Independent Analyst, Kearabilwe Nonyana joins Business Day TV for a broader look at the day's market movers
The strong commodity market and a weaker rand against the dollar has resulted in Tharisa delivering its strongest set of financial results. Business Day TV explored the group's performance with Tharisa CEO, Phoevos Pouroulis.
In Trade of The Week, Independent Analyst Loyiso Mpeta gives a quan-tech-mental analysis on JSE property counters.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon market performance
Joining Business Day TV for a look at the days markets action is Martin Smith from Anchor Capital and Viv Govender from Rand Swiss Offshore
South Africa's largest food producer, Tiger Brands has delivered a double-digit dividend increase. This comes as the company battled a high inflation environment and with consumers under economic pressure. CEO, Noel Doyle, joins us now for a further unpacking, of Tiger Brands' results and annual performance.
Steven Schultz from Momentum Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions in this episode of Stock Watch is Independent Analyst, Karl Gevers and Ashraf Mohamed from Cornerpiece Capital
The presidency has postponed an address that was supposed to give Ramaphosa a chance to respond to the legal allegations he is faced with, Business Day TV is joined by Financial Mail deputy editor & columnist, Natasha Marrian for some analysis
BlackRock has released its markets outlook for 2023. The global asset manager taking a cautious approach as it warns of a recession on the back of rising interest rates. Business Day TV spoke to BlackRock’s Chief Fixed Income Strategist, Scott Thiel for more of the detail.
Momentum in the manufacturing sector is picking up. That as the Absa PMI ticked up to 52.6 points in November as business activity and new sales orders improved for a second consecutive month after plunging during peak load shedding in September. Business Day TV unpacked the print with Absa Senior Economist, Miyelani Maluleke.
Jacobus Brink from Novare joins Business Day TV for a broader look at the day's market movers.
Mia Kruger from Kruger International joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Carmen Mpelwane from Absa Asset Management joins Business Day TV for a broader look at the day's market movers
Five-thousand business owners across South Africa, Kenya and Nigeria have graduated from Google’s Hustle Academy where growing African SMMEs revenue and investment potential was a key focus. Business Day TV explored these aspects in greater detail with Siyavuya Madikane from Google SA.
Two days before Janusz Walus’ scheduled parole release, correctional services confirmed that he survived a stabbing incident in prison. While he recovers, the ANC, SACP and Cosatu have embarked on protest march against his release. Business Day TV spoke to Sowetan's Political Editor, Fikile Moya for his take on the matter.
According to the FNB/BER Building Confidence Index , sentiment among builders edged lower in the fourth quarter falling to 33 points from 34 points in the third quarter. Business Day TV spoke to Craig Lemboe, Senior Economist at the Bureau for Economic Research for more insight on what the findings of the index suggest for the future of the sector.
Robert Towell from Sasfin Wealth joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Nick Crail from FNB Wealth & Investments and Shane Watkins from All Weather Capital
African Bank has delivered double digit growth in earnings as its annual profit after tax grew by 38%. The improvement comes as the number of loans it gave to its customers grew to above pre-covid levels, further boosting revenue earned from interest. Business Day TV spoke to the company’s CEO, Kennedy Bungane for more of the detail
A positive trajectory of demand for Capital Appreciation's products and services continues to propel the fintech group forward.
Joint CEO, Brad Sacks joined Business Day TV to discuss the group's interim performance
Steven Schultz from Momentum joins Business Day TV for a broader look at the day's market movers
South Africa’s cement industry is crumbling under what the producers call a toxic cocktail of factors.
Business Day’s Energy Writer, Denene Erasmus wrote the article and unpacked it in greater detail with Business Day TV.
Vukile Property Fund has given its shareholders a reason to smile. The REIT has hiked its interim dividend by nearly 17%. This as the group managed a 6.6% rise in net asset value despite battling the high interest rate environment. Business Day TV unpacked the performance in greater detail with the company’s CEO Laurence Rapp.
Gary Booysen from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Rowan Williams from Nitrogen Fund Managers and Alex Duys and from Umthombo Wealth
Craig Phieffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
African print is increasingly being used by leading brands. To unpack what opportunities this creates for African creatives, Business Day TV spoke to Mzukisi Mbane, Creative Director of Imprint.
Durban's once-popular blue-flag holiday beach status has lost its appeal. The city has always attracted tens of thousands of festive season tourists but the state of its beaches due to decaying and flood-ravaged sewerage infrastructure may now result in tourist numbers dropping. Journalist, Mary Papayya spoke to Business Day TV about the story.
Siruis Real Estate recently entered the UK market through the acquisition of BizSpace, a provider of flexible workspace. Business Day TV spoke to the company's CEO, Andrew Coombs for insight into the firm's strategy.
Barloworld is preparing to list its car-rental business. The new firm will be known as Zeda and its shares will start trading on the JSE on December 13. Business Day TV spoke to Zeda CEO Ramasela Ganda for more detail.
Jaco Eager from Rand Swiss joins Business Day TV for a broader look at this afternoon market performance
Joining Business Day TV for a look at the days markets action is Martin Smith from Anchor Capital
Sithembela Bopela from FNB Wealth & Investment joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions in this episode of Stock Watch is Roy Mutooni from ABSA Asset Management and Ricus Reeders from PSG Wealth Ruimsig
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers.
Hotels group Southern Sun says trading levels during its first half have been encouraging with occupancy increasing to 46% from 22% in the prior comparative period. The group has also returned to profitability with adjusted headline earnings of R17m. Business Day TV unpacked the results in detail with Southern Sun CEO, Marcel von Aulock.
The South African Reserve Bank (Sarb) has hiked interest rates as a measure to address stubbornly high inflation which has been outside the bank's target band for six months. For a look at the reasoning behind the decision and where South Africa's economy is headed, Business Day TV spoke to Koketso Mano from FNB.
Byron Lotter from Vestact joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Telkom’s headline earnings per share has dropped by 51.9%. A decrease in fixed, mobile and IT services revenue is largely behind the fall as migration to new tech weighs on the group. Business Day TV unpacked the performance in greater detail with company’s CEO Serame Taukobong.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers
Business morale remain subdued with the RMB/BER Business Confidence Index falling to 38 points during the fourth quarter. That’s after a rebound in building confidence offset downbeat morale in the wholesale and retail sectors. Business Day unpacked the print with Chief Economist at RMB, Ettienne le Roux.
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at this afternoon market performance joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Neelash Hansjee from Old Mutual Investments
Annatjie Van Rooyen from My Wealth Investments joins Business Day TV for a broader look at the day's market movers
Momentum in the construction sector seems to be picking up. That's as Infrastructure South Africa confirmed that about 48 projects worth R193 billion are currently being built. Business Day TV spoke to RMB's Siyanda Mflathelwa for more of the detail.
Hyperinflation in Zimbabwe has distorted Omnia's results. During the half-year period, headline earnings per share (HEPS) increased by 3% but when the Southern African nation's operations are excluded adjusted HEPS grew 31.9% to 401c, boosted by a 19% jump in revenue. To make sense of the numbers, Business day TV spoke to Omnia's CEO, Seelan Gobalsamy.
South Africa's government says it's urgently looking into making funds available for Eskom so that the state electricity utility can buy the diesel it needs to fuel auxiliary power plants and prevent load-shedding from intensifying. Efficient Group chief economist Dawi Roodt believes the state can do this but says that the more logical approach would be for Eskom to cut costs as a way to fund the diesel purchases. Business Day TV spoke to Roodt for his take on the situation.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon market performance
In Trade of The Week, Independent Analyst Loyiso Mpeta gives a quan-tech-mental analysis on Impala Platinum, Northam Platinum and Royal Bafokeng Platinum.
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at the day's market movers
Tackling your questions tonight is Devin Shutte from The Robert Group and Independent Analyst Jimmy Moyaha
Cement producer PPC has delivered what it calls a 'sound performance' for the six months to end-September as group revenue rose 9% to R4.2bn. This however excludes the group's Zimbabwean operations which have suffered under the weight of hyperinflation. Revenue including Zimbabwe fell 1%. Business Day TV spoke to PPC CEO Roland van Wijnen for more detail.
Astral Foods has delivered a surge in profit. During the annual period the poultry producer’s headline earnings per share more than doubled to R27.62. This helped boost Astral’s payout to shareholders, as it declared a total dividend of R13.80, reflecting a rise of 97%. Business Day TV discussed the factors that drove growth with the company’s CEO, Chris Schutte.
Netcare has reported a healthy set of annual results. The private hospital operator recorded a 5.4% rise in total paid patient days as it recovered from the impact of the Covid-19 pandemic. This further boosted profit, with headline earnings per share rising 20.3%. Business Day TV spoke to CEO, Richard Friedland for more detail on Netcare's full-year financial performance.
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Joining Business Day TV for a look at the days markets action is David Shapiro from Sasfin Securities and Caroline Cremen from Adviceworx
Jaco Eager from Rand Swiss joins Business Day TV for a broader look at how the markets are performing this afternoon
Tackling your questions in this episode of Stock Watch is Zwelakhe Mnguni from Benguela Global Fund Managers and Mark du Toit from Oyster Catcher Investments
Independent Analyst, Kearabilwe Nonyana joins Business Day TV for a broader look at the day's market movers.
Life Healthcare has rewarded shareholders with a total dividend worth 40 cents, this despite recording a 4.5% fall in headline earnings per share. Business Day TV caught up with company’s CEO, Peter Wharton-Hood to discuss the factors weighing on its full year performance.
Britain’s finance minister, Jeremy Hunt has unveiled the country's autumn budget, saying that the UK is now officially in a recession. And in an attempt to deal with the current economic situation, Hunt said government would increase taxes and cut down on spending. Business Day TV got some on the ground analysis from Oanda’s senior markets analyst, Craig Erlam.
Jacques Pretorious from Sinayo Securities joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is David Shapiro from Sasfin Securities and Independent Analyst, Jimmy Moyaha
South African Breweries is shaking things up, as it unveiled its new strategy which would position the business for future growth opportunities. Business Day TV spoke to SAB’s CEO, Richard Rivett-Carnac for more.
Retail sales have slip, dipping 0.6% on an annual basis, in September. This was largely due to downbeat performances from retailers in hardware, paint and glass and food, beverages and tobacco. Business Day TV unpacked the print with Chief Economist at Investec, Annabel Bishop.
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
Dipula Income Fund has published its results for the year ended August 2022, reporting an increase in revenue of 3% to R1.35 billion. While distributable earnings remained stable at R552 million. Business Day TV caught up with CEO Izak Petersen to discuss the performance in greater detail.
Jacobus Brink from Novare joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Graeme Körner from Körner Perspective and Drikus Combrinck from Capicraft
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
South African’s should prepare for darker times. Eskom has warned of more rounds of power cuts this year, as maintenance issues are set to weigh on the state utilities ability to supply electricity. Business Day TV spoke to Eskom's Chief Operating Officer, Jan Oberholzer for more.
The rand has staged a rebound - trading under the R18 mark to the dollar, further showing signs that it might end the year on a positive note. Business Day TV discussed the factors driving activity in the currency scene with RMB's Client Strategist, John Cairns.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at this afternoon market performance
Join independent analyst Loyiso Mpeta as he shares technical analysis on Coronation, City Lodge and Sappi
Tackling your questions tonight is Ashraf Mohamed from Cornerpiece Capital and Rowan Williams from Nitrogen Fund Managers
Rob Towell from Sasfin Securities joins Business Day TV for a broader look at the day's market movers
COP 27 draws to a close and the world works towards net zero emissions, Shoprite eyes ambitious environmental sustainability targets over the next 3 years. In our newsroom crossing Business Day’s Energy Writer, Denene Erasmus looked into those targets and assessed the group’s plans.
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at this afternoon market performance
Vodacom’s interim profit has taken a 9% knock as costs related to its Ethiopia launch bites. As such, the group has also slashed its dividend by 19%. Business Day TV unpacked the results in greater detail with company’s CEO Shameel Joosub.
Statista Market Forecast projects that Africa’s fashion revenue will grow to $7.73 billion this year. Africa Fashion International is seeing demand pick up and will be opening a second House of Nala store in response. Business Day TV explored the continent’s fashion market in greater detail with Precious Moloi-Motsepe, Founder and Executive Chair of African Fashion International.
Allon Raiz believes that entrepreneurs should gamify their sales ratios - set your ratios and start playing a game with yourself. How long did it take the last time to get to the right person? How much effort the last time? How much research the last time? To get tips around “loving the hunt” join Allon Raiz in our Entrepreneurial Academy slot.
What do you look for when you want to hire your first HR person? Step one is this person’s job description. What do you want Human Resources to do? Once you’re clear and you start searching for this person, it may unfortunately be a bit of trial and error until you find the right employee as very few business owners are successful the first time round. Heinrich Marx, HR Specialist: Small and Medium Businesses, unpacks.
How do you get competitive advantage? Specialise, specialise, specialise. The public needs to know you for one thing and seek your services for that one thing. Allon Raiz, CEO: Raizcorp, guides Ginen Moodley from Moodley Attorneys around how to build a trusted brand and how to resist changing the brand too often with new offerings.
The annual decline in mining output has persisted for eight months. Mining production decreased by 4,5% in September, with the largest negative contributors being iron ore and gold.
Business Day TV caught up with Mining Analyst, Peter Major to discuss what’s behind the decline in the sector.
Tackling your questions in this episode of Stock Watch is Deryck Janse van Rensburg from Anchor and Nick Crail from FNB Wealth & Investments
Independent Analyst, Karl Gevers joins Business Day TV for a broader look at the day's market movers.
The crypto market is in turmoil with major coins like bitcoin plunging for a second straight session. This comes after Binance abandoned the FTX deal. Business Day TV discussed these moves in detail with South Africa's country manager at Luno, Christo de Wit.
Multichoice has released interim results, recording a 5% rise in its user base and a 7% jump in revenue. This however did not fully translate into its bottom line, as earnings were impacted by a big investment in decoders ahead of the upcoming 2022 FIFA World Cup. Business Day TV spoke to Multichoice's CFO Tim Jacobs for more.
Chantal Marx from FNB Wealth & Investments joins Business Day TV for a look at how the markets are performing this afternoon
Tackling your questions tonight is David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
As Cop27 is underway, the World Gold Council has been urging gold miners to plan further for climate change risks. In its latest report the council outlined a range of adaptation strategies, to help gold miners remain resilient. Business Day TV spoke to the council's Climate Change Lead, John Mulligan
Alternative stock exchange, A2X, has managed to save the investment market R500 million a year. This is largely due to lower trading fees and its ability to narrow the bid-offer spreads of the prices of listed securities. Business Day TV caught up with the company's CEO, Kevin Brady.
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers
Cobus Potgieter from Southern Cross Capital joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Jean Pierre Verster from Protea Capital Management and Rowan Williams from Nitrogen Fund Managers
Steven Schultz from Momentum joins Business Day TV for a broader look at the day's market movers
Midterm elections have kicked off in the USA, and we've had polls reveal that the Republican Party, is on the verge of taking back control of the US House of Representatives, for the first time in four years. What would this mean for policy, and relations, with countries like South Africa? Business Day TV spoke to John Stremlau, from Wits University's International Relations Department for more.
The oil price has taken a hit as Covid-19 outbreaks in China heightened fears of lower fuel demand. Business Day TV discussed the moves playing out in that space with commodities trader at RMB, Raymond Phillips.
Byron Lotter from Vestact joins Business Day TV for a broader look at this afternoon market performance
Tackling your questions tonight is Alex Duys from Umthombo Wealth and Independent Analyst, Chris Gilmour
Carmen Mpelwane from Absa Asset Management joins Business Day TV for a broader look at the day's market movers
Investment Analyst from Anchor Capital, Henry Biddlecombe - gives an outlook on local & offshore markets, the probability of interest rates on bonds rising and the impact grey-listing will have on South Africa.
Investment Analyst from Anchor Capital, Henry Biddlecombe - gives an outlook on local & offshore markets, the probability of interest rates on bonds rising and the impact grey-listing will have on South Africa.
Increased activity in most of Raubex’s projects has given it a boost. The construction and materials group delivered a 16% jump in headline earnings per share and this further resulted in a 12.7% increase in its interim dividend. Business Day TV unpacked the numbers with the company’s CEO, Felicia Msiza.
Business Day TV speaks to Khaya Sithole about Finance Minister Enoch Godongwana's announcement that companies no longer need to be BEE compliant, to bid for business with SOEs like Eskom, Prasa and Transnet.
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at this afternoon market performance
Allon Raiz firmly believes that having a business partner is a great advantage, especially when the person is totally different from you to balance out your weak points. To get tips on the advantages of having a partner, join Allon Raiz in our Entrepreneurial Academy slot.
When should you start thinking about an HR department? It’s not when you're having staff issues. It’s not when rival companies do so. Before you commit to this overhead, first have a look to see what can be outsourced and when you’re ready and you can comfortably afford it, create an HR department. Heinrich Marx, HR Specialist: Small and Medium Businesses, unpacks.
If you want to invest in a business, there are a few questions to ask yourself. Do you want a majority or minority stake? Do you see yourself as a partner or an investor - get involved in the day to day running or just attend board meetings? How are you going to get a return on investment and what is that return? Allon Raiz, CEO: Raizcorp, takes Tebogo Moloi from Oakantswe Construction and Projects on the journey of being a potential investor/partner.
Joining Business Day TV for a look at the days markets action is David Shapiro from Sasfin Securities and Lonwabo Maqubela from Perpetua
The traditional Barbie doll went on display at a Toy Fair in New York for the first time in March 1959.
Years later, there’s interest in African dolls. The Middle East and Africa are currently two of the fastest growing toy markets in the world. Business Day TV explored the African doll market in greater detail with Thabo Motsabi, Co-Founder of Toys with Roots.
Against a backdrop of difficult macroeconomic, geopolitical and regulatory conditions across markets, MTN has reported a resilient overall performance for the nine months to end-September. Business Day TV spoke to MTN President and CEO Ralph Mupita for more detail.
Willem Oldewage from Nitrogen Fund Managers joins Business Day TV for a broader look at how the markets are performing this afternoon
Tackling your questions in this episode of Stock Watch is Thamsanqa Netha from Shiloh Capital and Chantal Marx from FNB Wealth & Investments
The dollar index has appreciated by 25% since mid-2021. The strength however has hit emerging market currencies, and central banks within the region have had to fight back by raising rates in an attempt to protect their currencies. Business Day TV spoke more about this with Senior Emerging Market Economist at Schroders, David Rees
Makwe Masilela and Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers.
Nedbank has adjusted South Africa's GDP growth lower for 2023 on the back of slower global growth and a lack of electricity. Business Day TV unpacked this in greater detail with Jones Gondo from Nedbank CIB.
Percy Mathebula from Sentio Capital joins Business Day TV for a look at how the markets are performing this afternoon
Lonwabo Maqubela from Perpetua chose Netcare as his stock pick of the day and Martin Smith from Anchor Capital chose MTN
Joining Business Day TV for a look at the days markets action is Martin Smith from Anchor Capital and Lonwabo Maqubela from perpetua
Independent Analyst, Chris Gilmour chose Absa as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose Satrix India ETF
Tackling your questions in this episode of Stock Watch is Independent Analyst, Chris Gilmour and Ricus Reeders from PSG Wealth Sandton
Agent, licensee, or owning a branch? Which way do you go in another country? These are factors to consider when you expand internationally. Jean-Paul d’Abbadie, MD of GAAP Point of Sale, steps into conversation with Allon Raiz.
How do you keep ESG records? Make sure you collect the relevant data you’d like to report on, strategise it into a policy, implement the policies and collect supporting evidence & documentation. Namhla Saba, MD: Integrated Thinking, unpacks.
Government is a key purchaser for goods & services and SME’s should have a regular look at available tenders. They should also make sure they’re applying to a valid tender process, not a fraudulent one. Natashia Soopal from SAICA unpacks key points for doing business with government.
Wild swings in equity markets persist with each leg taking the indexes lower over on the US with the S&P now close to confirming bear market territory. Cryptos crashed on unstable coins. Meanwhile the dollar surges and the rand's battle to keep up shows with a loss of 10.8% to the greenback in a month but ONLY down just over 1,4% year to date. In the political economy a lack of mining cadastre system 10 years after the failure of SAMRAD looms large over the Mining Indaba… Today we still do not even have an adjudicated tender - and the integrity of the process already reeks of self-dealing and corruption. And we've had updates on the much-vaunted operation Vulindlela and a rail policy White Paper, hoping to get rail reform back on track.
Lots to discuss with Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
Zwelakhe Mnguni from Benguela Global Fund Managers chose Lockheed Martin as his stock pick of the day and Devin Shutte from The Robert Group chose Nike
Tackling your questions in this episode of Stock Watch is Zwelakhe Mnguni from Benguela Global Fund Managers and Devin Shutte from The Robert Group
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers.
Craig Pheiffer from Sasfin Wealth joins Business Day TV for a broader look at the day's market movers.
South Africa’s mining sector has registered its steepest decline in activity in nearly two years, with production for March down 9.3% year-on-year. The release of those figures come as the Mining Indaba in Cape Town draws to a close, where industry players have been discussing the challenges facing the sector and how to position the industry for growth. Business Day TV spoke to Peter Major, Mining analyst at Mergence Corporate Solutions for his view on the highlights from the event.
The crypto market has taken strain. The price of Bitcoin has slumped to its lowest level since July 2020, after declining by 28% to below $27,000. Business Day TV caught up with Luno’s Marius Reitz to discuss the moves at play.
Tight paper markets gave Sappi a boost in the second quarter and helped the paper and packaging group return to the black with a profit of $311 million. Business Day TV unpacked the performance with CEO Steve Binnie, who believes the earnings momentum can be maintained.
Wayne McCurrie from FNB Wealth & Investments chose Cash as his stock pick of the day and David Shapiro from Sasfin Securities chose Meta
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Independent Analyst, Jimmy Moyaha joins Business Day TV for a broader look at the day's market movers
Africa’s mining sector has seen a rise in merger and acquisition activity, with the sector boasting 38 deals since the start of the year totaling $8.2 billion. Business Day TV spoke to Greg McNab, a Partner and member of the Corporate & Securities Practice Group at Baker McKenzie for more detail
Demand for Exchange Traded Funds (ETFs) have taken a knock. Global net inflows to ETFs declined to $27.4 billion in April from just over $117 billion previously. Business Day TV spoke to Michelle Noth, Client Coverage Executive at CoreShares about the activity at play.
The use of technology is expected to boost productivity and efficiencies in various sectors, and the mining industry is no different. PWC has noted a pick-up in the use of innovative cutting edge technologies to drive more efficient operations in the local mining industry. Business Day TV spoke to Johan Meyer, Executive Head of Projects and Technology at Exxaro for more on the company’s digital transformation journey.
That is the trillion rand question in the fixed income market if you are buyer or holder of South African government bonds and more broadly for a major question for all South Africans because if we are, if our debt balloons to unsustainable levels and we have to approach the IMF for help, this will undoubtedly precipitate painful change that will ripple throughout society and cause major political and social upheaval.
Some say, this is the only way.
Counterpoint Asset Management has run scenarios on the outlook for South African government finances over the next 20 years. One potential outcome is for the country to face a big structural adjustment because the debt-to-GDP ratio exceeds 180% by 2040 in the worst-case scenario.
Michael Avery is joined by Counterpoint head of fixed income, Daniel King.
Drikus Combrinck from Capicraft chose Goodyear Tire as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Euronext
Tackling your questions tonight are Jean Pierre Verster from Protea Capital Managements and Drikus Combrinck from Capicraft
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers
Covid-19, the war in Ukraine and shortages of key automotive parts pose risks to the motor industry's planned growth. In light of those headwinds, the National Association of Automobile Manufacturers of South Africa has asked for a review of the industry’s masterplan, saying its goals may no longer be feasible in the allotted time span. Business Day TV discussed this with the association’s CEO Mikel Mabasa.
Kaap Agri has posted a near 27% increase in interim revenue, bolstered by surging prices. The agricultural services group says its outlook for the sector remains positive, but has warned that conditions may become increasingly challenging heading into 2023. Business Day TV unpacked the performance with CEO Sean Walsh.
As the world’s suits in hard hats descend on the Cape Town International Convention Centre for the first in-person Mining Indaba in two years, much has changed in the commodity landscape. But sadly, in SA not much has changed. The South African mining industry is nowhere near getting a new cadastral system, the Department of Mineral Resources and Energy (DMRE) said on the first day of the Mining Indaba 2022. During a question-and-answer session following his keynote address on Monday, Gwede Mantashe, South African Mines Minister acknowledged there was no timeframe for implementing a new mining cadastre to replace the dysfunctional SAMRAD system. “You can’t commit to a deadline for something that hasn’t started.”
Let’s welcome our panel, Peter Leon, Partner and Africa Chair of international law firm Herbert Smith Freehills; Paul Miller of AmaranthCX, and Erroll Smart, CEO of Orion Minerals
Join Independent Analyst, Loyiso Mpeta as he shares technical analysis on the Dollar Index and JSE All Share.
Nick Kunze from Sanlam Private Wealth and Investments chose Glencore as his stock pick of the day and Thamsanqa Netha from Shiloh Capital chose Invictus Energy
Tackling your questions tonight are Nick Kunze from Sanlam Private Wealth and Investments and Thamsanqa Netha from Shiloh Capital
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers
The Investing in African Mining indaba takes place at a time when the Fraser Institute has highlighted that South Africa has lost its investment appeal. Business Day TV spoke to Henk Langenhoven, Chief Economist at the Minerals Council SA about changes needed in the sector to improve investor sentiment.
British landlord, Capital & Counties has confirmed that is in talks with property group Shaftesbury about a merger estimated to be worth £3.5 billion, which will bring Covent Garden and Chinatown under a single owner. Business Day TV caught up Stanlib Property Analyst Ahmed Motara for his analysis on the move.
Join Independent Analyst, Loyiso Mpeta as he shares technical analysis on the Dollar Index and JSE All Share.
The South African (SA) stock market fell for only the third time in the past 18 months in April, as risk appetite soured globally. There were few places to hide on the local bourse, though coal exporter, Thungela, continued to benefit from surging global energy prices, with the stock up 48% MoM and 222% higher YTD, having risen elevenfold since listing less than a year ago. Sasol, the other local beneficiary of higher energy prices, was up 11% MoM. We’ve started May with most global markets giving in to the bears, bonds rising, the dollar strengthening and central banks eating lots of humble pie. The diary is full of Fed speakers this week, which will give them plenty of opportunity to keep up the hawkish chorus.
Let’s find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
Martin Smith from Anchor Capital chose Firstrand as his stock pick of the day and Carmen Mpwelane from Absa Asset Management chose Mr Price
Joining Business Day TV for a look at the days markets action is Martin Smith from Anchor Capital and Carmen Mpwelane from Absa Asset Management
Karl Gevers from Benguela Global Fund Managers chose Mondi PLC as his stock pick of the day and Ricus Reders from PSG Wealth Sandton chose Satrix India ETF
Tackling your questions tonight is Karl Gevers from Benguela Global Fund Managers and Ricus Reders from PSG Wealth Sandton
A day after celebrating the Federal Reserve’s signal that it wouldn’t be making any big moves, traders woke up on Thursday deciding that the central bank will struggle to fight high inflation amid the lingering threat of a recession. In a sharp about-face, investors sold stocks, bonds and cryptocurrencies on Thursday. The S&P 500 Index lost 3.6%, erasing about $1.3-trillion of market value, and the tech-heavy Nasdaq 100 dropped 5.1%, the most since September 2020. The Dow Jones industrial average tumbled 3.12%. The positive sentiment melted after the BoE raised its rate for the fourth straight meeting, taking its benchmark to the highest in 13 years. Zondo’s fourth report into State Capture and the NPA’s victory in its battle to take on state capture corruption – by overturning a Gauteng High Court ruling that unfroze R1 billion in assets allegedly linked to the looting of Transnet – raise fresh hope on the accountability front While watching the ANC debate how to fix Eskom in parliament reminds one that the only power change the ruling party should be allowed near is at the ballot box. Let’s welcome the panel Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
Having one big client is a blessing, but if anything goes wrong, you may find yourself out of the market altogether. Kammy Naidoo from Busfin Consulting steps into conversation with Allon Raiz.
Why should small business take note of ESG? Because SME’s operate in an eco-system where ESG is taken seriously and they can position themselves to become a preferred supplier. Namhla Saba, MD: Integrated Thinking, unpacks.
Employees may take negative feedback personally, but the employer shouldn't change his/her leadership style for fear of what an employee’s reaction may be. Niki Seberini, Mind Freedom Fighter, unpacks.
Deryck Janse van Rensburg from Anchor chose Pepkor as his stock pick of the day and Alex Duys from Umthombo Wealth chose CMH
Tackling your questions in this episode of Stock Watch is Alex Duys from Umthombo Wealth and Deryck Janse van Rensburg from Anchor
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers.
Oil prices have continued to rise on supply concerns, with the European Union revealing plans for new sanctions against Russia. Business Day TV spoke to David Elmes from the Warwick Business School for further insight.
Aspen Pharmacare may have to shut its Gqeberha vaccination plant, which is meant to supply vaccines to the broader continent, due to a lack of vaccine orders. Business Day TV spoke to Stavros Nicolaou, Senior Executive on Strategic Trade at Aspen for more detail.
Equites Property Fund has described its annual performance as ‘exceptional’. The firm’s reported a near 8% rise in net asset value per share and has upped its annual distribution per share by 5.2%, as it managed to retain tenants by keeping its vacancy rates low. Business Day TV caught up with the company’s CEO, Andrea Tarverna-Turisan for more detail on the results.
The rand has recovered from a near five-month low, as investors await the Fed’s policy announcement. Business Day TV discussed the moves playing out in the currency scene with TreasuryOne’s Andre Cilliers.
Nesi Chetty from Stanlib joins Business Day TV for a broader look at the day's market movers.
It has been 10-years since Disney acquired Lucasfilm, the studio that produces Star Wars and the Star Wars franchise remains a force to be reckoned with, as the brand is estimated to be worth $68 billion. Business Day TV spoke to Investment Analyst at Anchor Capital, Henry Biddlecombe for more on the investment case for Disney and the strength of the Star Wars business.
Wayne McCurrie from FNB Wealth & Investments chose Cash as his stock pick of the day and David Shapiro from Sasfin Securities chose CMH
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
South Africa’s capital markets are in a state of existential crisis. Yes, there is a global trend towards fewer listed companies with the rise of private markets but in South Africa the delisting deluge is acute. 25 companies delisted from the JSE in 2021, with just seven new listings in the same period. This year we are heading towards that number again and we are mid-way into the second quarter….The flotation of Coca-Cola Beverages Africa (CCBA) has been pushed out to Q3 and would be the biggest on the JSE since at least 2016 and a major boost for the flagging index. It’s a complex issue that requires us to correctly identify the root causes of the problems in order to address them swiftly and incentivise the roleplayers to act accordingly if we are to turn things around for local investors, savers and pensioners. And was a key issue during the Johannesburg Securities Exchange AGM held yesterday.
To discuss this Michael Avery joined by Dr Leila Fourie, CEO of the JSE; Chris Logan of Opportune Investments and David Holland of Fractal Value Advisors
Graeme Körner from Körner Perspective chose City Lodge as his stock pick of the day and Mia Kruger from Kruger International chose Alphabet Inc
Tackling your questions tonight are Graeme Körner from Körner Perspective and Mia Kruger from Kruger International
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers.
Combined Motor Holdings has delivered a strong annual performance. The vehicle dealership owner’s revenue grew 30% during the period and its headline earnings per share more than doubled, supported by cost cutting measures. Business Day TV unpacked the company's results with CEO Jebb McIntosh.
Global private equity inflows have shown no sign of decelerating. Last year firms accumulated $737 billion in investor capital and analysts expect this trend to continue in 2022. Business Day TV caught up with RMB Venture's Co-Head, Andrew Aitken and discussed whether the trend is also playing out in South Africa.
Business activity, new sales orders and export sales in the manufacturing sector are under pressure as a result of the floods in KwaZulu-Natal. The impact is reflected in the Absa’s PMI data for April, which shows a decline to 50.7 points from 60 points previously - a level last seen in July last year. Business Day TV unpacked the data in greater detail with Miyelani Maluleke, Senior Economist at Absa.
Following the recent additional spectrum allocations, MTN can now provide exclusive networks to customers. Another benefit is faster and more reliable service in rural areas. Ernest Paul, GM: Network Operations - MTN SA, unpacks.
Joining Business Day TV for a look at the days markets action is David Shapiro from Sasfin Securities
Tackling your questions tonight is Independent Analyst Chris Gilmour and Dale Hutcheson from ABSA Asset Management
Dale Hutcheson from ABSA Asset Management chose Sappi as his stock pick of the day and Independent Analyst Chris Gilmour chose Merafe Resources
Dale Hutcheson from ABSA Asset Management chose Sappi as his stock pick of the day and Independent Analyst Chris Gilmour chose Merafe Resources
Tackling your questions in this episode of Stock Watch is Dale Hutcheson from ABSA Asset Management and Thamsanqa Netha from Shiloh Capital
Dale Hutcheson from ABSA Asset Management chose Quilter as his stock pick of the day and Thamsanqa Netha from Shiloh Capital chose Core Lithium
The ANC wants all its members to be above reproach. The party's decision-making body has closed the loophole in its step-aside rule, which previously allowed those facing criminal charges to run for office and simply step aside from official duties once elected. Business Day TV spoke to Political Analyst Rebone Tau about what this means for the ANC's elective conference later this year.
The South African Reserve Bank is actively experimenting with digital currency as it plans on introduce a ‘digital rand’. Business Day TV discussed the feasibility of the plan with Luno’s Global Head of Payments, Louis van Staden.
Robert Towell from Sasfin Securities joins Business Day TV for a broader look at the day's market movers.
Robert Towell from Sasfin Securities chose British American Tobacco as his stock pick of the day
Clicks is giving shareholders a reason to smile. South Africa's largest pharmacy group has hiked its interim dividend by 26%, as market share gains and a bump from the Covid-19 vaccination drive helped it deliver a 9% rise in turnover and a 26% increase in headline earnings per share. Business Day TV discussed the results with the company's CEO Bertina Engelbrecht.
How do you reach clients who want to feel the texture of your product first before they buy it? Dimakatso Dlamini, Founder of Katso Lux Curtains, steps into conversation with Allon Raiz.
G = Governance in ESG. It refers to a strong & ethical leadership group that creates strategies around sustainability, adheres to laws & regulations related to their sector/industry and reports accordingly. Namhla Saba, MD: Integrated Thinking, unpacks.
Commodities have had their best start to a year since WWI on the back of continued supply chain disruptions and the ingoing war in Ukraine amongst other drivers. But if you thought this ere of scarcity was only being driven by these issues you’d be sorely mistaken as a recent Bank of America research report points out. Did you know that the weight of human-made stuff exceeded that of natural biomass? That we produce enough plastic to cover the entire Earth’s surface? That if you live in the West you use 57kg of newly mined mineral every day? And Did you know that we will run into some key metals’ deficit in three to four years and reach peak phosphate by the end of the decade? Run out of fresh water in 18 years? Fish and seafood in approximately 25 years? All we have done is mine more, produce and buy more. But a recent research note on the age of scarcity was released by bank of America, which identified 50 companies worth $8tn in market cap, across all regions, that could provide the answers to helping solving some of these resource constraint questions.
Michael Avery talks to Martyn Briggs, Director of Thematic Investing and Bank of America Securities
Commodities have had their best start to a year since WWI on the back of continued supply chain disruptions and the ingoing war in Ukraine amongst other drivers. But if you thought this ere of scarcity was only being driven by these issues you’d be sorely mistaken as a recent Bank of America research report points out. Did you know that the weight of human-made stuff exceeded that of natural biomass? That we produce enough plastic to cover the entire Earth’s surface? That if you live in the West you use 57kg of newly mined mineral every day? And Did you know that we will run into some key metals’ deficit in three to four years and reach peak phosphate by the end of the decade? Run out of fresh water in 18 years? Fish and seafood in approximately 25 years? All we have done is mine more, produce and buy more. But a recent research note on the age of scarcity was released by bank of America, which identified 50 companies worth $8tn in market cap, across all regions, that could provide the answers to helping solving some of these resource constraint questions.
Michael Avery talks to Martyn Briggs, Director of Thematic Investing and Bank of America Securities
Tackling your questions tonight are Drikus Combrink from Capicraft and Jean Pierre Verster from Protea Capital Management
Drikus Combrink from Capicraft chose Kaap Agri as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Schibsted
Anthea Gardner from Cartesian Capital joins Business Day TV for a broader look at the day's market movers.
Anthea Gardner from Cartesian Capital chose ArcelorMittal as her stock pick of the day
SA-born billionaire Elon Musk has clinched a deal to buy social media platform Twitter for $44bn. The transaction will see investors will receive $54.20 for each Twitter share they own. To discuss the market's response to the move, Business Day TV spoke to Anchor Capital investment analyst Henry Biddlecomb.
The local bond market has had a tough month as the US Fed has been turning up the heat, hinting at a more aggressive interest rate hike at its next meeting in May. Business Day TV unpacked the factors at play in more detail with RMB's bond trader, Michelle Wohlberg.
South Africa could be sitting on its next gold rush – green hydrogen With an an abundance of solar and wind resources in Saldanha Bay to supply large amounts of renewable energy, experts have urged that a green hydrogen economy be developed in the area as it reportedly had the potential to become a promising hydrogen fuel export hub. In a series of webinars by the Saldanha Bay Innovation Campus, where various panels of experts elaborated on the future of hydrogen fuel in the energy transition, Saldanha Bay was hailed as a prime location for the production of green hydrogen.
To discuss the market opportunity and what needs to happen to unlock them Michael Avery is joined by Thomas Roos from the Council for Scientific and Industrial Research (CSIR), and author of an authoritative paper on powerfuels in SA; Katrina Abhold, Project Lead – Global Opportunities at the Global Maritime Forum (GMF) & Adinda Preller, SBIDZ Executive: Transaction & Investor Support
Bryan Hirsch tackles local & offshore Investments with Global Equity Strategist at Sasfin Wealth, David Shapiro
Nick Crail from FNB Wealth and Investments chose Mr Price as his stock pick of the day and Willem Oldewage from Nitrogen Fund Managers chose Mondi
Tackling your questions tonight are Nick Crail from FNB Wealth and Investments and Willem Oldewage from Nitrogen Fund Managers
Join independent analyst Loyiso Mpeta as he shares technical analysis on Thungela Resources and Spur.
Investment holding company PSG Group has decided to hold on to its dividend for 2022 as it looks to delist from the JSE. Business Day TV caught up with PSG CEO Piet Mouton for more detail.
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers
The focus Eskom's woes has sharpened as the state-owned utility continues to implement load-shedding. Unreliable power supply remains South Africa's largest growth inhibitor, according to PwC, which estimates that blackouts reduced SA real GDP growth by 3 percentage points in 2021. Business Day TV spoke to independent energy analyst Ted Blom about the situation and unpacked what can be done to fix the problems.
It’s been a busy period for mining powerhouse Anglo American formally bidding farewell to its turnaround CEO, Mark Cutifani, dubbed the rocketman by the FM recently, and releasing a disappointing first quarter operating update with a 10% production decline blamed on wet weather in Brazil and South Africa as key factor. Since Cutifani took over the reins from Cynthia Carroll who was roundly criticized for overpaying on Minas Rio, the group has weathered some tough times but last year more than doubled its earnings and paid out a record $6.2bn to its shareholders amid soaring global prices for its products and solid performances from its operations. Its share price has now topped £40 — more than three times what it was when Cutifani embarked on the restructuring in mid-2013 and almost 20 times its early 2016 low. The group has outperformed its mining industry peers such as BHP Billiton and Rio Tinto over the past nine years, delivering an annual average 20% total return to shareholders which beat Cutifani’s 15% target.
Michael Avery talks to the rocketman Mark Cutifani, former CEO of Anglo American
Joining Business Day TV for a look at the days markets action is David Shapiro from Sasfin Securities and Martin Smith from Anchor Capital
David Shapiro from Sasfin Securities chose ASML as his stock pick of the day and Martin Smith from Anchor Capital chose JPMorgan Chase
Tackling your questions tonight is Devin Shutte from The Robert Group and Thamsanqa Netha from Shiloh Capital
Devin Shutte from The Robert Group chose Nintendo as his stock pick of the day and Thamsanqa Netha Shiloh Capital chose Nike
Eskom’s loadshedding cost her her business in 2008. Then a Twitter war cost her R6.5 million. In a very inspiring conversation, Janine Hills, CEO of Janine Hill Authentic Leadership, gives great insight on how to go through and around the trauma of being an entrepreneur.
Social in ESG refers to to people. What are the working conditions for your employees, what are your labour practices, how do you handle elements of inequality and how do you engage with society. Namhla Saba, MD: Integrated Thinking unpacks how to keep record of these social elements to attract funders.
How do you run an ethically sound business? “You can be legally right and morally so wrong”. Wise words from Bonang Mohale, author of Behold the Turtle - Thoughts on Ethically Principled Leadership.
It’s been a bad week for KZN, Eskom and the economy: The human and economic costs of the recent KZN rains and floods mount: in announcing another National State of Disaster this week to deal with the socio-economic consequences the recent overwhelming floods in KZN President Cyril Ramaphosa confirmed that the National Treasury would make R1 billion immediately available for the disaster effort. He said that the Finance Minister would also approach Parliament for additional resources. What was also noteworthy about Ramaphosa’s message was the acceptance that the public did not trust the government with emergency funds and resources, and that special steps would be taken to prevent any ‘looting’ and corruption. The rand has been in freefall along with the national mood.
To put this in perspective Michael Avery is joined by Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
Tackling your questions in this episode of Stock Watch is Ricus Reeders from PSG Wealth Sandton and Willem Oldewage from Nitrogen Fund Managers
Willem Oldewage from Nitrogen Fund Managers chose Netcare as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose Mastercard
Steven Schultz from Momentum joins Business Day TV for a broader look at the day's market movers.
HomeChoice's fintech business, FinChoice has been the group's star performer of late as it's been largely responsible for the firm's profit growth. The division offers unsecured lending via a zero-rated mobile app and demand for this service saw FinChoice report a 73.8% jump in loan disbursements to R3.3bn in the year to end-December. Business Day TV caught up with FinChoice CEO Sean Wibberley for more detail.
President Cyril Ramaphosa has finally had his long-awaited phone call with Ukrainian president Volodymyr Zelensky. The move comes after reports suggested that the call had been delayed due to bickering between SA and Ukrainian diplomats. The Ukrainians were said to be unhappy that SA requested a call between the two country's presidents after Ramaphosa had a telephone conversation with Russia's President Vladimir Putin. Business Day TV spoke to Steven Gruzd from the SA Institute of International Affairs and former US diplomat Brooks Spector to unpack the relationship between SA and Ukraine.
Rapidly rising chicken prices driven up by rampant inflation, global food and commodity shortages, the escalation in fuel, transport and electricity costs, increasing trade tariffs, and the fact that wages are decreasing and unemployment increasing, is providing fresh fodder for a long running debate on the role of tariffs in the local poultry sector. This is on the back of chicken prices already having increased by 10% per year, for the past ten years. In 2019, all parties, including the local industry, importers and Government, signed and agreed to a Poultry Master Plan.
To debate the issue of tariffs Michael Avery is joined now by Donald MacKay, Donald writes regular op-eds for BD. He is the founder and CEO of XA International Trade Advisors; Dave Wolpert, a former CEO of the Association of Meat Importers and Exporters (AMIE); Francois Baird, founder of FairPlay and Izaak Breitenbach, GM of the SA Poultry Association, the local broiler organisation
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
David Shapiro from Sasfin Securities chose iShares Medical Device ETF as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose RMI
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at the day's market movers.
President Cyril Ramaphosa has asked the Solidarity Fund's leadership to assist flood relief efforts in KwaZulu-Natal. The Head of State says National Treasury will make an initial amount available to the Solidarity Fund to implement support measures. Business Day TV spoke to Martin Kingston, the Solidarity Fund's Flood Response Advisor for more insight.
Industrials REIT has expanded its multi-let industrials portfolio, after purchasing four of these assets in the UK for close to £21 million. Business Day TV caught up with the company’s CEO Paul Arenson, for greater insight on the move.
Consumer price inflation quickened in March, coming in at 5.9% - just below the Reserve Bank’s 3%-6% target range. The acceleration comes as the price of food and non-alcoholic beverages increased. Business Day TV unpacked the print with RMB Economist Siobhan Redford.
The pandemic has hastened digital change, putting the value of data at the top of boardroom agendas throughout all sectors and businesses. Just yesterday Capitec CEO Gerrie Fourie was waxing lyrical about how important data is to the bank and how he’s lifted and shifted key systems into the cloud. But in a world filled with a seemingly limitless amount of data, what is the optimal role of the chief data officer, which seems increasingly critical for organizations of all sizes. The CDO role has expanded in recent years, found an IDC report on the state of the chief data officer, based on a survey of 1,291 global organizations. CDOs in the past had mostly been focused on data governance and compliance, but now are also responsible for helping organizations use data to improve business operations. So how are we to think about and utilize this data revolution to our advantage as business and broader society?
To talk about this Michael Avery is joined by Johan Steyn, a smart automation and artificial intelligence thought leader; Christoph Nieuwoudt, Chief Data Officer at FirstRand Group & Vukosi Sambo, Chief Data Officer at Medschem
Tackling your questions tonight are Drikus Combrink from Capicraft and Mia Kruger from Kruger International
Drikus Combrink from Capicraft chose Zeder as his stock pick of the day and Mia Kruger from Kruger International chose Berkshire Hathaway
Thamsanqa Netha from Shiloh Capital joins Business Day TV for a broader look at the day's market movers.
The Democratic Alliance says Eskom must be declared a state of disaster for failing to prevent rolling blackouts. Business Day TV caught up with DA's Shadow Minister of Public Enterprises, Ghaleb Cachalia for more detail.
A record number of breakdowns at Eskom's generating units is weighing on South Africa’s power grid. The power utility escalated rolling blackouts to Stage 4 after the Majuba and Tutuka Units tripped. Day TV spoke to Andre De Ruyter, CEO of Eskom for more detail on the state of the power grid.
Over the course of last year, the word ‘metaverse’ and certainly Tik Tok, entered common usage, inspiring a lively global debate about what it represents, whether it’s already here, and who will own it. But we still don't have an accepted definition of what it is. This has been satirized on the tech website The Verge: “maybe you’ve read that the metaverse is going to replace the internet. Maybe we’re all supposed to live there. Maybe Facebook (or Epic, or Roblox, or dozens of smaller companies) is trying to take it over. And maybe it’s got something to do with NFTs? Or maybe you can find it on Tik Tok” Although advertising is anathema to many technologists, it funds the internet as we know it. It produces high margins and allows content creators to drive discovery and engagement with their work, making it attractive – and, importantly, feasible – to anyone exploring the metaverse as a business opportunity.
So how do brands navigate this tricky terrain? Let’s welcome our panel to find out: Bronwyn Williams, of Flux Trends, who is in studio and for this chat about the virtues of virtual marketing; Dashni Vilakazi, MD of Mediashop & Pieter Groenewald, CEO of Webfluential
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers.
Alex Duys from Umthombo Wealth chose Calgro M3 as his stock pick of the day and Chantal Marx from FNB Wealth & Investments chose Investec
Tackling your questions in this episode of Stock Watch is Alex Duys from Umthombo Wealth and Chantal Marx from FNB Wealth & Investments
Crypto company Luno’s customer base has hit the 10 million mark and those were onboarded in just six months. Business Day TV spoke to Marius Reitz, Luno's GM for Africa about the milestone.
The flooding in KwaZulu-Natal has caused severe devastation to infrastructure, homes and businesses, with the insurance industry expected to receive numerous claims. Business Day TV spoke to Tarina Vlok, Managing Director of Elite Risk Acceptances - a division of Old Mutual Insure, for a look at what the floods mean for the sector.
The floods in KwaZulu-Natal have impacted operations for many businesses in the province. Tongaat Hulett has advised that it’s still assessing the impact, while some like Sappi and Toyota have halted operations. Business Day TV unpacked the impact of the floods from a business perspective with Mpume Langa, Vice President of the Durban Chamber of Commerce and Industry.
The logistics industry has taken a hit from the flooding in KwaZulu-Natal. Transnet initially suspended operations as a precaution but the sector remains under strain, with truck movement towards the port halted and several roads either underwater or having sustained significant damage. Business Day TV spoke to Gavin Kelly, CEO of the Road Freight Association and Moshe Motlohi, Transnet National Port Authority Executive for their assessment of the impact of the disaster on logistics and what it means for the province.
SAICA offers training programmes on all levels of government, from local to national, to raise the standards of financial reporting. Odwa Benxa, Project Director: Public Sector at SAICA unpacks these initiatives.
The E in ESG refers to the Environment: climate change, deforestation, fossil fuel, waste disposal, the carbon footprint that businesses leave as well as pollution concerns. Namhla Saba, MD: Integrated Thinking, unpacks.
Expansion and scaling into regions when you’re holding & distributing stock in the spaza shop space is logistically very tricky. Brian Makwaiba, CEO of Vuleka, steps into conversation with Allon Raiz.
South Africa seems stuck in the same negative feedback loop that the president seems unable to break. This government talks a good game but as we see with mining this week, a truly bizarre mining exploration strategy that will focus on junior exploration firms that are 51% black owned exclusively while we slip down to the bottom 10 worst mining destinations in the Fraser rankings says it all…and then the way third party access has almost been derailed by hostility towards the private sector and commercial bafoonery, simply boggles the mind.
Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Wayne McCurrie from FNB Wealth & Investments chose LVMH as his stock pick of the day and David Shapiro from Sasfin Securities chose p
The World Bank expects South-Saharan Africa’s growth set to decelerate. The bank’s says GDP should slow to 3.6% this year from 4% in 2021, and has cited a global environment with multiple shocks, high volatility and uncertainty. Business Day TV spoke to the Chief Economist for Africa at the World Bank, Albert Zeufack for more insight.
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers.
Supply chain issue and the impact of the pandemic weighed on Zeder’s annual profit, and led to a 67% slump on that end. The agribusiness-focused investment holding group has however posted a 31.2% increase in its headline earnings per share, supported by increased valuations of The Logistics Group and Kaap Agri. Business Day TV spoke to CEO, Johan le Roux for more detail.
Financial services group PSG Konsult, has posted a surge in annual profit. The group's recurring headline earnings per share grew by 32% during the period allowing it to increase its total dividend by a similar margin. Business Day TV spoke to Francois Gouws, CEO of PSG Konsult for his perspective on the numbers.
EOH has completed its turnaround strategy and has returned to profit. The technology group has posted headline earnings per share of 41 cents and while it’s current liabilities still exceed its assets by R1.6 billion, the firm’s pointed to the encouraging signs of robust demand for digital services as the economy recovers. Business Day TV spoke to CFO Megan Pydigadu for more detail.
South Africa’s capital markets are in a state of existential crisis. And I don’t say that flippantly. Yes, there is a global trend towards fewer listed companies with the rise of private markets but in South Africa the delisting deluge is acute. 25 companies delisted from the JSE in 2021, with just seven new listings in the same period. This year we are sitting on another 20 delistings and we are scarcely into the second quarter…. We should all encourage the JSE to make itself more attractive to new listings, but we should also consider the negative role played by the policymakers in the National Treasury and the underlying structural concerns raised by Paul Miller recently that points to a playing field favouring large investment institutions over small retail investors.
To discuss this Michael Avery is joined by Leon Campher, outgoing CEO of Asisa, the association for savings and investment SA; Chris Logan of Opportune Investments & David Holland of Fractal Value Advisors
Karl Gevers from Benguela Global Fund Managers chose Prosus as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose ETSY
Today, we’ll truck into some of the junk ideology that continues to stifle growth and investment.
There are signs that government is choosing to change its diet in parts and dine from the established, tried and tested macroeconomic diet of policies that have led to growth but there are also signs elsewhere that government is doubling down on its cheat days shovelling as much central planning pork belly spending its mouth as it can in a bid to win votes, one can only assume.
Let’s welcome the old firm:
Warwick Lucas Head of Galileo Securities;
Raymond Parsons, professor in the School of Business and Governance at Northwest University
Isaah Mhlanga, Chief Economist at Alex Forbes
Jacobus Brink from Novare joins Business Day TV for a broader look at the day's market movers.
Despite global central banks pulling back on stimulus and considering rate hikes, Schroders Capital still believes that private equity markets will perform well in 2022. Business Day TV caught up with the group's Co-Head of Private Equity Investments for Europe Richard Damming, for more detail
Italtile posted a 1% dip in half-year turnover, as the pandemic-induced home improvement boom waned. Business Day TV discussed the company's interim performance with its CEO Lance Foxcraft
A Business Day headline foghorned this week that ANC strife is a risk for SA security - Panel’. The panel was tasked with undertaking a critical review of the government’s preparedness and shortcomings regarding the civil unrest and violence of July 2021. The wounds from last year, the substantial human, economic and business losses sustained at the time, are still fresh. In a wide-ranging frank report released by President Ramaphosa earlier this week the panel offered incisive criticism of the roles played by ANC factionalism, as well as the complete lack of preparedness and obvious bureaucratic incompetence, in addressing the emerging problems of violence and rioting last year. The Panel also emphasized that, whatever remedies are now implemented to beef up the intelligence and security services, an environment of unemployment, poverty and inequality remains a tinder box for further violent instability. That is the harsh reality facing the president as he prepares to set the table for the government’s agenda this year, for his sixth State of the Nation Address. Let’s welcome our panel to find out what they expect to hear and what they would like hear ahead of the key address:
Bonang Mohale is the President of Business Unity South Africa (BUSA) Investec Chief Economist Annabel Bishop, Matthew Parks, Deputy Parliamentary Coordinator at COSATU Izak Odendaal, Investment Strategist, Old Mutual Multi-Managers
Higher sales prices gave Sappi’s first quarter performance a boost. The world's largest manufacturer of dissolving wood pulp has posted a 47% jump in sales and its core profit more than doubled, as the group enjoyed robust demand for all its products during the period. Business Day TV spoke to CEO Steve Binnie for more detail
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Wayne McCurrie from FNB Wealth & Investments chose Metaverse as his stock pick of the day and David Shapiro from Sasfin Securities chose Hermés
Nesi Chetty from Stanlib joins Business Day TV for a broader look at the day's market movers.
Business confidence has kicked off the year on a good note. The Chamber of Commerce and Industry's morale indicator rose to 94.1 points in January, mainly due to increased import and export activity as well as robust retail sales. Business Day TV unpacked the print with the CEO of SACCI Alan Mukoki
Global ETFs delivered record inflows last year. During 2021, inflows increased by 71% to $1.22 trillion. Business Day TV spoke to the MD of CoreShares, Gareth Stobie and discussed the factors that influenced the activity in that space
The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-million tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. Cable theft has been a significant matter in terms of what the coal line has been dealt with, and we’ve seen that on a daily, weekly basis throughout the course of last year. Loco availability has been a challenge,” said RBCT CEO Alan Waller. Its no surprise that the Zondo report figured Transnet as the epicentre of State Capture for the better part of a decade and that we are now seeing its effects manifest in such a costly manner. Coal prices are soaring and yet here we are losing billions in export revenue because of the dysfunctional state of our rail network. So how do we turn things around? Micahel Avery is joined by James Holley, CEO: Traxtion and Thami Gwala, CEO and Founder: SAFreight Logistics, SAFLOG
2021 was a big year for cryptocurrency. But what’s next in 2022? We’ve seen Bitcoin hit multiple new all-time high prices — followed by big drops — and more institutional buy-in from major companies. Ethereum, the second-biggest cryptocurrency, notched its own new all-time high recently as well. U.S. government officials and the Biden administration have increasingly expressed interest in new regulations for cryptocurrency. All the while, people’s interest in crypto has skyrocketed: it’s a hot topic not only among investors but in popular culture too, thanks to everyone from long-standing investors like Elon Musk to that kid from your high school on Facebook. We’ve invited a panel of crypto experts to give us their views:
Badi Sudhakaran, Co-founder and Chief Product Officer at VALR.com Marius Reitz, General Manager for Africa at Luno Brett Hope Robertson, Head of Investments at Revix Gaurav Nair, co-founder of Jaltech, an alternative assets financial services group
Tackling your questions tonight are Ricus Reeders from PSG Wealth Sandton and Drikus Combrinck from Capicraft
Ricus Reeders from PSG Wealth Sandton chose Tyson Foods as his stock pick of the day and Drikus Combrinck from Capicraft chose Compass Minerals
Growthpoint Properties will convert one of its office parks into residential units, as the landlord seeks to offset the glut in office space by capitalising on the growing need for homes. Business Day TV spoke to Growthpoint's Head of Office Asset Management Unit Paul Kollenberg, for more detail
Oil prices have eased from 7-year highs, ahead of talks nuclear talks between US and Iran. Business Day TV caught up with Raymond Philips, Commodities Trader at RMB, and discussed the kind of impact these talks could have on prices going forward
Parliament has set aside R4 million for this year's State of the Nation Address, which will take place at the Cape Town City Hall after a blaze destroyed some parliamentary buildings last month. The annual address by President Cyril Ramaphosa will outline government's plans for the year. Business Day TV spoke to Lumkile Mondi from Wits University's School of Economics and Finance for his assessment of the political climate the address is taking place under
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers.
Last month Basic Education Minister Angie Motshekga chose to highlight that the matric pass mark has crept up to 76.4%, from 76.2% last year, which, given the Covid affected school year, was at least a pass. What the Minister neglected to say was that a mere one in five of the class of 2021 managed to pass maths and the results is worse for science. This hasn’t changed since 2009. And shockingly In South Africa 78% of children do not learn to read for meaning by the age of 10. A glaring failure in an area all South Africans can agree requires urgent intervention.
To talk about the Education Crisis, Michael Avery joined by former Banker, Academic and Public Figure, Colin Coleman & Judy Sikuza, CEO of The Mandela Rhodes Foundation
This week on You & Your Money, Bryan Hirsch & Short-Term Insurance expert Craig Pogir, take in questions from viewers and also unpack the types of covers that fall under a general insurance policy.
This week on You & Your Money, Bryan Hirsch & Short-Term Insurance expert Craig Pogir, take in questions from viewers and also unpack the types of covers that fall under a general insurance policy.
South Africa's Minister of Mineral Resources and Energy Gwede Mantashe, says energy poverty can be avoided if the country increases the use of nuclear and gas in its energy mix. Business Day TV spoke to Energy Analyst Chris Yelland and Tracey Davies, Executive Director of Just Share for their thoughts on what an updated Integrated Resource Plan (IRP) should look like for the country
Zwelakhe Mnguni from Benguela Global Fund Managers chose Firstrand as his stock pick of the day and Graeme Körner from Körner Perspective chose TFG
Zwelakhe Mnguni from Benguela Global Fund Managers chose Firstrand as his stock pick of the day and Graeme Körner from Körner Perspective chose TFG
Nick Kunze from Sanlam Private Wealth joins Business Day TV for a broader look at the day's market movers
Small cap stocks had a bumper 2021. The JSE's Small Cap Index rose by over 50% during the year, further helping the sector garner investor interest. One of the company's in focus is Trellidor, Business Day TV caught up with the company's CEO Terry Dennison, and discussed its future prospects.
Conflict between Russia and Ukraine continue to escalate. France's President Emmanuel Macron is meeting with Russia's Head of State Vladimir Putin to try and calm tensions . Business Day TV discussed the impact these tensions have had on markets with Oanda's Craig Erlam
Part One and Two of Deputy Chief Justice Raymond Zondo’s State Capture report, propose far-reaching measures to curb state lawlessness, corruption and malfeasance. In particular part II deals in detail with what Zondo calls racketeering involving key politicians and directors of Transnet and other private companies and how this relates to POCA in terms of securing successful prosecutions. Former Deputy Chief Justice Dikgang Moseneke and Constitutional Court Judge Edwin Cameron were also vindicated by the commission for their dissenting view in the controversial 2011 Glenister v President of SA judgment But it also raised several issues regarding public procurement
To discuss these Michael Avery is joined by Stefaans Brümmer, experienced investigative journalist and co-founder of the amaBhungane Centre for Investigative Journalism, 12 years ago; Mzukisi Kota, Partner, Webber Wentzel & Wayne Duvenage, CEO of the Organisation Undoing Tax Abuse
Joining Business Day TV for a look at the days markets action is David Shapiro from Sasfin Securities
Mia Kruger from Kruger International chose Prosus as her stock pick of the day and Gary Booysen from Rand Swiss chose Amazon
Tackling your questions tonight are Mia Kruger from Kruger International and Gary Booysen from Rand Swiss
Thokozani Mathenjwa, Co-founder of iGemmer, finds himself right now in a classical entrepreneurial dilemma. He steps into conversation with Allon Raiz around the catch-22 situation of requiring funding to grow but he firstly has to prove a demand for his product
Why is IoT only taking off now? The short answer? Data availability. Ewald Fourie, CEO of IoTdc, unpacks
One of the key points of sales is to guide your client towards opportunities that are awaiting them. Richard Mulholland, Founder of Missing Link, unpacks the concept of identifying and then slaying your client’s dragons
What a week its been with big tech sending mixed messages as Google and Amazon beat while Meta, tesla, Paypal and Netflix all plummeted.
Global equity markets slumped lower on Thursday while gold prices steadied and the dollar weakened as frightened investors digested disappointing updates from major central banks about the outlook for inflation and interest rates.
The European Central Bank and the Bank of England soured investor sentiment around inflation on Thursday.
Michael Avery is joined by Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
Ricus Reeders from PSG Wealth Sandton chose Mosaic as his stock pick of the day and Meryl Pick from Old Mutual Investments chose AVI
Tackling your questions in this episode of Stock Watch is Meryl Pick from Old Mutual Investments and Ricus Reeders from PSG Wealth Sandton
Karl Gevers from Benguela Global Fund Managers joins Business Day TV for a broader look at the day's market movers.
Karl Gevers from Benguela Global Fund Managers chose MoneySupermarket.com as his stock pick of the day
OneLogix has withheld its interim dividend, citing prevailing uncertain economic circumstances. The transport and logistics group says it experienced anaemic demand for its vehicle storage facilities in the six months to end November, as computer chip shortages affected the delivery of passenger and commercial vehicles. Business Day TV analysed the performance in greater detail with CEO Ian Lourens.
Pepkor’s expanding into South Africa and has bought an 87% stake in Brazilian merchant Grupo Avenida. The retailer did not put a price on the acquisition but has shared that it was less than 4% of the group’s market value, or less than R3.2 billion. Business Day TV spoke to CEO Leon Lourens for more detail.
Retailers have been unevenly impacted through the pandemic and are staging an unequal recovery by the looks of things.
Several big South African retailers released their Festive Season trading updates recently. While the YoY growth reported was strong, it should be kept in mind that the stricter COVID-19 restrictions in late 2020 meant that the base was relatively weak.
To talk about the SA retail recovery Michael Avery is joined by Zinhle Mayekiso, Investment analyst at Anchor Capital and independent analyst as well as Business Day Columnist Chris Gilmour
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Wayne McCurrie from FNB Wealth & Investments chose Visa as his stock pick of the day and David Shapiro from Sasfin Securities chose Meta
Ascendis Health has no plans on delisting, despite the firm’s plans to sell three of its remaining businesses for R802 million. Business Day TV spoke to the Group CFO and Interim CEO, Cheryl-Jane Kujenga for more detail
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers.
Tech investors have experienced a wild ride with the Nasdaq recording a 13% decline in January, but a recovery appears to be on the cards with tech firms releasing upbeat fourth quarter earnings. Business Day TV caught up Anchor Capital's Henry Biddlecombe for his take on the performances delivered by US tech stocks.
Eskom has implemented stage 2 load shedding. That's as breakdowns at the state utility's power stations have put the grid under pressure. State 2 blackouts cost South Africa about R470 million a day, according to recent calculations by Eskom.Business Day TV caught up with Jan Oberholzer, COO of Eskom for an update on the grid.
A slew of European inflation data hit the tapes yesterday and we saw massive moves at the short end of European yield curves as investors started to price a whole 25bps in ECB rate hikes this year .
It probably isn’t much consolation that the US isn’t alone in struggling with the highest inflation in 40 years. In the European Union, prices are rising faster than at any time since the euro currency was introduced.
Recently Stats SA reweighted the CPI basket and its clear we are drinking more gin to cope with the current sad state of the nation.
To talk about the inflation bogeyman facing consumers and policymakers around the world Michael Avery is joined by Investec Chief Economist Annabel Bishop and Mike Schussler, of economists.co.za
Tackling your questions tonight are Independent analyst, Ashraf Mohamed and Jean Pierre Verster from Protea Capital Management
Jean Pierre Verster from Protea Capital Management chose Netflix as his stock pick of the day and Independent analyst, Ashraf Mohamed chose Sibanye-Stillwater
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers.
The local unit started the new month on a positive note and made gains on the back of a softer dollar. Business Day TV discussed these moves in detail with RMB’s Fixed Income and Currency Strategist, Varushka Singh
Mineral Resources and Energy Minister Gwede Mantashe has faced backlash for supporting coal mining but some analysts support his stance and say demand for coal will not be slow down anytime soon. Business Day TV spoke to Peter Major Mining Analyst at Mergence Corporate Solutions for his view on the coal sector.
South Africa's manufacturing activity picked up pace in January. Absa's Purchasing Managers Index rose to 57.1 index points from 54.1 in the previous month. The improvement is largely due to a rebound in business activity. Business Day TV discussed the print and the outlook for the sector with Miyelani Maluleke, Senior Economist at Absa
It was a week full of rough sees in local and global markets last week as the JSE all share gave back -1.84% for the week. Monday's panic selling doing most of the damage. Inflation fears, and interest rate hikes set the scene for selloffs in growth counters, aided by the Ukraine-Russia standoff, which sent panic rippling through energy sector, as oil & gas prices rocket higher and Sasol ended the week just over 10% up. Data out on Sunday showed China's factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand. The standoff over Ukraine remains a thorn in the market's side, with concerns a Russian invasion would also cut vital gas supplies to western Europe.
To find what the animal spirits are telling us, Michael is joined by Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
Dale Hutcheson from ABSA Asset Management joins Business Day TV for a broader look at the day's market movers
Spear Reit has concluded a capital raise worth R254 million. The group says it will use these funds to acquire more assets in the Western Cape. Business Day TV spoke to CEO Quintin Rossi for more detail.
The Presidential Economic Advisory Council (PEAC) has warned against implementing a basic income grant, saying the cost could deepen debt and hinder South Africa’s economic growth. Business Day TV discussed this in greater detail with Duma Gqubule, the founding director of Centre for Economic Development & Transformation
Many people view estate planning as confined to the wealthy but the main purpose of an estate plan is to ensure that the family you have left behind are protected and the assets transferred to them. Harry Joffe, Head of Legal Services at Discovery Life and Gordon Stuart, Managing Director of Accuro- join Bryan Hirsch in studio to discuss the misconceptions found within Estate Planning while answering some of the viewer questions
Many people view estate planning as confined to the wealthy but the main purpose of an estate plan is to ensure that the family you have left behind are protected and the assets transferred to them. Harry Joffe, Head of Legal Services at Discovery Life and Gordon Stuart, Managing Director of Accuro- join Bryan Hirsch in studio to discuss the misconceptions found within Estate Planning while answering some of the viewer questions
Tackling your questions tonight are Deryck Janse van Rensburg from Anchor and Jonathan Fisher from PSG Wealth Sandton Grayston
Jonathan Fisher from PSG Wealth Sandton Grayston chose Mastercard as his stock pick of the day and Deryck Janse van Rensburg from Anchor chose ASML
Rand Swiss recently hosted an excellent crystal ball gazing session and given the volatility in markets, the jitters around how this period of interest rate normalisation is going to play out, the renewed geopolitical tension in Europe, it’s worthwhile doing some forecasting and scenario planning with Gary Booysen, Director and Portfolio Manager at Rand Swiss; Nick Kunze, Portfolio Manager at Sanlam Private Wealth & Mia Kruger, Director of Research & Fund Management at Kruger International Asset & Wealth Management
Festive season spending bounced back last year. According to research done by Bankserv, sales in December beat the previous year's levels after jumping by 35% to reach R93 billion. Business Day TV caught up with Mike Schüssler, Chief Economist at Economists.co.za and discussed some the factors that boosted sales
Joining Business Day TV for a look at the days markets action are Independent Analyst Chris Gilmour and David Shapiro from Sasfin Securities
Dale Hutcheson from ABSA Asset Management chose Mr Price as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose Motus
Tackling your questions tonight are Dale Hutcheson from ABSA Asset Management and Ricus Reeders from PSG Wealth Sandton
Sipamandla Manqele, Founder of Local Village Foods, has the right product, the packaging is perfect, but… customers don’t walk into shops yet to demand that it must be available on the shelves. She shares her journey with Allon Raiz and asks for guidance around partners and funding
Ewald Fourie, CEO of IoTdc, unpacks the basics of IoT (Internet of Things) by explaining how IoT regulates sprinkler systems on farms
Christine Kritzas, Creator of Smart Heart Board Game & Counselling Psychologist at The LightHouse Arabia, partnered with Dr. Saliha Afridi and together they revamped the original game aimed at developing emotional intelligence in children, change the way they interact with others and express themselves. She shares the ups and downs of her entrepreneurial journey with Allon Raiz
"It's been a remarkable week so far in financial markets and it seems there's still plenty more to come. First Fed Chair Powell set the table with the signal that rates will start rising in the US in March. Then the SA Reserve Bank's monetary policy committee increased its benchmark repo rate by 25 basis points to 4%, as expected.
To put the week into perspective: Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes "
Vukile Property Fund is betting on the Spanish property market. Its subsidiary Castellana Properties Socimi has acquired a 21.7% stake in its market peer, Lar España Real Estate Socimi, for around R1.7 billion. Business Day TV discussed the rationale behind the acquisition with Vukile Property Fund's CEO, Laurence Rapp.
South Africa's Monetary Policy Committee has raised interest rates by 25 basis point. The hike takes the repo rate to 4% and marks the MPC’s second consecutive increase. Business Day TV unpacked the decision with Kevin Lings, Chief Economist at Stanlib
Viv Govender from Rand Swiss Offshore joins Business Day TV for a broader look at the day's market movers.
Tackling your questions in this episode of Stock Watch is Zwelakhe Mnguni from Benguela Global Fund Managers and Independent Analyst Jimmy Moyaha
Zwelakhe Mnguni from Benguela Global Fund Managers chose Lucid Group as his stock pick of the day and Independent Analyst Jimmy Moyaha chose Disney
We live in turbulent and complicated times and business schools are not immune to the uncertainties that now afflict so many aspects of our social and economic lives. Covid just brought forward some of the searching questions around the future of business schools and the much-debated MBA. Top business schools often describe their mission as educating leaders yet many think that the world is currently experiencing a crisis of leadership that has helped create our current problems
To talk about this Michael Avery is joined by NWU Business School Director Jan van Romburgh; Maurice Radebe, Head and Director of Wits Business School & Jon Foster-Pedley, Dean and Director of Henley Business School Africa
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Wayne McCurrie from FNB Wealth & Investments chose Cash as his stock pick of the day and David Shapiro from Sasfin Securities chose Microsoft
Steven Schultz from Momentum joins Business Day TV for a broader look at the day's market movers.
Telkom has been accused of corruption and maladministration. The Special Investiagations Unit will be looking into the allegations which span as far back as 2006 and the probe primarily involves the group's foray into Nigeria and Mauritius with the disposals of iWayAfrica, Africa Online Mauritius and Multi-Links. Business Day TV spoke to Bryan Turner from World Wide Worx for more detail on the matter.
Despite some JSE companies delivering good returns, analysts have warned that a number of macroeconomic issues may weigh on the local market and have advised investors to consider global stocks. Business Day TV spoke to the CIO of Old Mutual Wealth Private Client Securities Andrew Dittberner about his top 3 international stock picks
As we look forward to another year of higher learning, MBA students will soon enter an era of unbelievable opportunities and monumental challenges: the smart machine age, or SMA. The SMA will probably be as, or even more, disruptive for them as the industrial revolution was for their ancestors. Technology led by artificial intelligence, smart robots, nanotechnology, the internet of things, increased global connectivity and computing power, biotechnology and genetic engineering, will redefine work and transform how businesses are staffed, operated, and managed. Smart technology is already moving beyond manufacturing into the service industries and the professions, such as medicine, finance, accounting, management consulting and law. Businesses will reduce their headcount, because humans will only be needed for jobs that technology will not be able to do well: involving higher order critical, creative, and innovative thinking and/or emotional and social intelligence.
Joining Michael Avery for this discussion is Johan Steyn, a smart automation and artificial intelligence thought leader; Randol Carolissen, Dean of the Johannesburg Business School & Barry Dwolatzky, Director of Innovation Strategy in the Office of the Deputy Vice-Chancellor: Research & Innovation at Wits
Tackling your questions tonight are Drikus Combrinck from Capicraft and Thamsanqa Netha from Shiloh Capital
Drikus Combrinck from Capicraft chose Tharisa as his stock pick of the day and Thamsanqa Netha from Shiloh Capital chose Alphamin
Caroline Cremen from Adviceworx joins Business Day TV for a broader look at the day's market movers.
Despite the prospect of higher interest rates this year, South African bonds are faring well and outperforming its global peers. Business Day TV caught up with RMB's Michelle Wohlberg to discuss why local bonds are in favour.
High levels of corruption are showing no signs of abating, according to Corruption Watch executive director Karam Singh. That's as South Africa has fallen in the Corruption Perceptions Index and ranks 70 out of 180 countries. Business Day TV spoke to Singh for more detail.
Microsoft’s audacious $69 billion move on games publisher Activision Blizzard has detonated a bomb under the games industry. Along with the proposed deal’s sheer size, the prospect of a tech giant worth more than $US2 trillion making a grab for games industry leadership has prompted breathless speculation about whether it will precipitate wider industry realignment. Games like Activision’s “Call of Duty” now attract hundreds of millions of players between them.
To talk about what this means for the gaming industry and the future of the market in Africa Michael Avery is joined by Petri Redelinghuys, Founder of Herenya Capital; Jay Shapiro CEO of Usiku Games, building a Gaming For Good movement across Africa & Seleho Tsatsi, Co-manager of Anchor Global Technology Fund
Tackling your questions tonight are Devin Shutte from The Robert Group and Rowan Williams from Nitrogen Fund Managers
Devin Shutte from The Robert Group chose Nike as his stock pick of the day and Rowan Williams from Nitrogen Fund Managers chose Stellantis NV
Makwe Masilela from Makwe Fund Managers joins Business Day TV for a broader look at the day's market movers
Makwe Masilela from Makwe Fund Managers chose Standard Bank as his stock pick of the day
Following news of an accounting scandal in 2017, Steinhoff has been dealing with legal battles that have threatened the company's existence but the retailer can now put those issues to bed. The Western Cape High Court has approved the group's bid to have its near R25bn settlement proposal made final and binding which will allow Steinhoff to make payments to the affected parties. Business Day TV spoke to Steinhoff CEO Louis du Preez for more on what this victory means for the retailer's recovery efforts moving forward
Host Bryan Hirsch tackles medical aid schemes and gap cover policies for the year 2022/23 with the Group CEO of Pheonix FSG, Clayton Samsonian
Host Bryan Hirsch tackles medical aid schemes and gap cover policies for the year 2022/23 with the Group CEO of Pheonix FSG, Clayton Samsonian
In an attempt to answer the question of why South Africa’s global competitiveness remains below that which is required to attract investment both local and domestic, former Statistician General and modeler with the Indlulamithi Scenarios and Moeletis Mbeki pointed the finger at executive pay. Just quite how this conclusion is arrived at after reading the Zondo Commission Report, stretches credulity somewhat.
Corruption, BEE, AA, Skills emigration, a failing education system, declining respect the rule of law, the threat of EWC and NHI, the ill conceived Mining Charter, cadre deployment, uncompetitive tax rates, all contribute to the cost of capital remaining well above that which would be sufficient to attract investment into real assets that would offer returns and jobs. Michael Avery is joined by former statistician general Dr Pali Lehohla, and Mike Schussler, of economists.co.za"
Martin Smith from Anchor Capital chose Krane Shares China ETF as his stock pick of the day and Jacobus Brink from Novare chose Taiwan Semi Conductors
Joining Business Day TV for a look at the days markets action are Martin Smith from Anchor Capital and Jacobus Brink from Novare
What is IoT (the Internet of Things)? This is the first question in our new series where we will systematically unpack this world where devices communicate with one another via the internet. Ewald Fourie, CEO of IoTdc, unpacks the basics.
MTN Business launched a great new product called MTN Made for Skhokho. It’s aimed at the informal business sector, especially those operating in townships, while at the same time offering great value to any entrepreneur. Kholo Magagane, Head of Marketing at MTN Business unpacks
Tackling your questions tonight are Chantal Marx from FNB Wealth & Investments and Karl Gevers from Benguela Global Fund Managers
Karl Gevers from Benguela Global Fund Managers chose MTN as his stock pick of the day and Chantal Marx from FNB Wealth & Investments chose Karooooo
Mounting expectations of rapid Fed tightening has dominated market sentiment so far this year, but not all central banks are on the same page
To put the week into perspective Michael Avery is joined by Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
Willem Oldewage from Nitrogen Fund Managers joins Business Day TV for a broader look at the day's market movers.
Tackling your questions in this episode of Stock Watch is Alex Duys from Umthombo Wealth and Independent Analyst Chris Gilmour
Independent Analyst Chris Gilmour chose City Lodge as his stock pick of the day and Alex Duys from Umthombo Wealth chose Prosus
Capitec's share price has come under pressure after the bank indicated that a proposed broad-based BEE (BBBEE) deal for staff could impact earnings. Business Day TV spoke to Capitec co-founder and CFO Andre du Plessis for more detail on the transaction
Nicholas Riemer, CEO & Co-founder of The Invigilator, spotted a gap in the market when exam-writing moved to an online platform and immediately co-developed an app that’s now widely used all over SA. Nicholas is also the overall winner of the annual SAICA Top-35-under-35 competition
25% of professional OBGYns are departing private practice due to the high cost of professional indemnity cover, medical malpractice insurance. So we lose a mid-career professional, someone who has studied, gained over fifteen years of experience and could have mentored and trained the junior doctors, who by all accounts require mentoring.
On the other hand we have to ensure that our medical practitioners perform to the highest standard and that those that suffer due to negligence or worse, are adequately compensated for their loss pain or suffering. PRESSURE is building to change laws dealing with medical negligence claims, which have become a cash-cow for some law firms that specialise in taking up matters on behalf of patients.
To talk about Medical Negligence reform in SA, Michael is joined by Ronel van Zyl, Senior State Law Adviser; Greg Whittaker, a member of the Actuarial Society & Dr Ismail Bhorat, an obstetrician and gynaecologist and a subspecialist in foetal-maternal medicine
Independent Analyst Jimmy Moyaha joins Business Day TV for a broader look at the day's market movers.
Tackling your questions tonight are David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments
Wayne McCurrie from FNB Wealth & Investments chose SA Government Bonds as his stock pick of the day and David Shapiro from Sasfin Securities chose ASML
South Africa’s listed property index hit a nine-year high in 2021. Business Day TV caught up with property analyst at Nedbank CIB, Ridwaan Lonaat for a look at whether this momentum can be sustained in 2022
Business Leadership South Africa (BLSA) has accepted consulting firm Bain’s decision to withdraw from the business body, following backlash over its involvement in the capture of the South African Revenue Service (Sars). Business Day TV spoke to Busi Mavuso, CEO of BLSA for more detail
Our terms of trade was a key positive last year, an important underpin to the rand and remains at elevated levels relative to history which bodes well for the fiscus but is now more than 17% off recent highs. Key export commodities like Iron ore and the PGM’s have rolled over to some extent. Coal thankfully at elevated levels but Transnet woes continue to limit our export capacity.
The question is, what is the outlook for PGMs given this backdrop?
To discuss this Michael Avery is joined by Rene Hochreiter, Mining Analyst at Noah Capital; Dale Hutcheson, PM who co-manages the Absa Prime Equity fund & David Jollie, Head of Sales and Market Insights at Anglo American Platinum
Tackling your questions in this episode of Stock Watch is Graeme Körner from Körner Perspective and Independent Analyst Chris Gilmour
Tackling your questions tonight are Jean Pierre Verster from Protea Capital Management and Graeme Körner from Körner Perspective
Jean Pierre Verster from Protea Capital Management chose Unitedhealth as his stock pick of the day andGraeme Körner from Körner Perspective chose Remgro/Onelogix
Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day's market movers.
Mining production rose 5.2% year on year in November, beating market expectations for a 3.5% increase. The rise was supported by a surge in the production of Platinum Group Metals (PGM). Business Day TV spoke to RMB economist Siobhan Redford for her analysis of the data and how it positions the mining sector in 2022.
State power firm Eskom says it needs a 20.5% electricity tariff hike in April as it struggles with costs related to Independent Power Producers (IPPs) and carbon taxes. But civil society and the City of Tshwane are pushing back against the proposal as both are concerned that consumers will not be able to afford the increase. Energy regulator Nersa has until February 25 to make a decision on the matter. Business Day TV spoke to independent energy analyst Ted Blom for his assessment
The past year has seen exceptional activity for private equity, especially in Africa. With economies across the continent still struggling in the grip of the pandemic after 2020 and vaccine rollouts lagging behind those of developed nations, expectations were set low. But by the end of the first half of 2021, roughly R20bn in private equity investments had been made across the continent and total investments for the year were set to exceed those of 2020. While the past two years have shown just how difficult it is to be certain of anything, that’s a promising sign going into 2022. But numbers alone don’t tell us everything we should be on the lookout for over the course of the next year. We should also look at the overall investor environment (which is increasingly influenced by concerns around the natural environment) as well as growth areas and industries. With rates set to rise, how will Private equity respond to rising rate environment?
To talk about this Michael Avery is joined by Samantha Pokroy, founder and CEO of Sanari Capital; John Bellew, Head of Private Equity at Bowmans; Langa Madonko, SAVCA Board member and new Deputy President of Absip & Andrew Dewar, Managing Partner at Rockwood
Bryan Hirsch kicks off the new year discussing Investments & the current volatile market with investment analyst, Orin Tambo from 27 Four Investment Managers
Bryan Hirsch kicks off the new year discussing Investments & the current volatile market with investment analyst, Orin Tambo from 27 Four Investment Managers
Tackling your questions tonight are Independent Analyst Ashraf Mohamed and Mark Du Toit from Oyster Catcher Investments
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
Graeme Franck from PSG Wealth Sandton Grayston chose Totalenergies as his stock pick of the day
Adapt IT is the first company to have delisted from the JSE this year. This due to a successful takeover bid by Volaris at R7 per share. Volaris now owns almost 64% of business, what does this mean for Adapt IT moving forward? Business Day TV spoke to company's CEO Tiffany Dunsdon for more detail.
South Africans will soon be facing a possible return to darkness after Eskom warned of looming system constraints, due to the extended unavailability of the Koeberg Nuclear Power Station’s units in 2022 due to planned outages.
This as Eskom has applied for an electricity price increase of 20.5% for the 2023 financial year, which commences on in April, as the utility continues to look for ways out of its balance sheet bind. This remains the single biggest binding constraint on the South African economy.
Denker Capital released a report late last year proposing a solution to Eskom’s balance sheet problem.
To discuss this Michael Avery is joined by Energy analyst Chris Yelland, Madalet Sessions, PM at Denker Capital, Sithembiso Garane, Head of Listed Credit at Futuregrowth and Peter Becker, spokesperson for the Koeberg Alert Alliance (KAA]
Independent Analyst, Chris Gilmour joins Business Day TV for a broader look at the day's market movers.
Caroline Cremen from AdviceWorx joins Business Day TV for a broader look at the day's market movers.
Graeme Franck from PSG Wealth Sandton Grayston joins Business Day TV for a broader look at the day's market movers
Graeme Franck from PSG Wealth Sandton Grayston chose Microsoft as his stock pick of the day