Business News Leaders

How municipal debt is worsening Eskom's financial state

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…

27 Mar 2023 9AM 8 min

Load-shedding scuppers metals and engineering investment of R2.5 billion

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…

27 Mar 2023 9AM 8 min

Unpacking NEHAWU's healthcare worker's strike

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…

24 Mar 2023 10AM 8 min

Remgro hikes interim dividend

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.

23 Mar 2023 1PM 8 min

Construction activity declines in the fourth quarter

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.

23 Mar 2023 12PM 5 min

Mining exploration in structural decline since 2004

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…

23 Mar 2023 9AM 15 min

Impact of cross border carbon tariffs on Africa

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…

23 Mar 2023 9AM 8 min

Can Remgro ride Heineken SA into SAB’s once-impenetrable castle?

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.

23 Mar 2023 9AM 7 min

ESG commitments – enough to drive foreign investment?

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…

23 Mar 2023 9AM 8 min

How have Eskom's power cuts affected SMEs?

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.

22 Mar 2023 1PM 7 min

Unpacking the global banking crisis

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…

22 Mar 2023 1PM 7 min

Focus on Food Security Threats in Africa

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.

22 Mar 2023 9AM 8 min

SA Labour Market Dynamics

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

22 Mar 2023 9AM 8 min

Inflation edges up in February

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

22 Mar 2023 9AM 8 min

What would an ANC-EFF coalition look like?

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

17 Mar 2023 10AM 12 min

The Resource Mobilisation Fund in focus

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

17 Mar 2023 9AM 8 min

Cryto Chat - digital assets digest collapse of major US banks

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

16 Mar 2023 2PM 5 min

Higher costs weigh on Libstar

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

16 Mar 2023 1PM 6 min

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

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

16 Mar 2023 1PM 8 min

Inside Ramogkopa's Minister of Electricity Role

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

16 Mar 2023 9AM 12 min