Business News Leaders

The IMF raise South Africa's growth forecast

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.

1 Feb 2023 3PM 7 min

SA's power crisis - investing in alternative energy

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.

1 Feb 2023 11AM 9 min

Focus on SA’s best-selling cars

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.

1 Feb 2023 10AM 7 min

The damage caused by Illegal Tobacco Trade

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…

31 Jan 2023 12PM 19 min

SA government considers mechanisms to help with rising cost of living

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.

31 Jan 2023 8AM 7 min

Tracking companies' performance during bear and bull markets

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…

30 Jan 2023 12PM 16 min

Trade of the week - Apple | Regeneron Pharmaceuticals | 3M Company

Independent analyst, Loyiso Mpeta gives insight into what the charts are saying for Apple, Regeneron Pharmaceuticals and 3M Company.

30 Jan 2023 9AM 17 min

MTN to dispute Ghana tax bill

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…

30 Jan 2023 9AM 8 min

Is the Sarb's rate hiking spree nearing an end?

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…

26 Jan 2023 12PM 7 min

Sugar industry begs for support as it faces loss

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…

26 Jan 2023 10AM 7 min

Fortress loses its REIT status

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…

25 Jan 2023 12PM 17 min

Astral Foods flags big drop in headline earnings

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.

25 Jan 2023 11AM 8 min

Does South Africa need a state-owned bank?

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

24 Jan 2023 1PM 12 min

Selling SA as an investment destination

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.

24 Jan 2023 12PM 30 min

Reserve Bank expected to hike rates

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.

24 Jan 2023 12PM 6 min

The Post Office conundrum

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.

23 Jan 2023 1PM 14 min

Trade of the week - Discovery | Momentum | Old Mutual | Sanlam

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.

23 Jan 2023 12PM 13 min

Fitch Ratings' 2023 outlook for African banks

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…

23 Jan 2023 11AM 8 min

Unpacking the confusion over the future of load-shedding

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…

23 Jan 2023 11AM 8 min

Will load-shedding ever end?

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…

23 Jan 2023 11AM 8 min