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.

MTN delivers a 'solid' interim performance

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.

Absa posts profit despite higher impairments

Founder of Herenya Capital, Petri Redelinghuys provided tech analysis on Woolworths, Richemont and Gold Fields.

Trade of The Week - Woolworths | Richemont | Gold Fields | 14 Aug 2023

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.

Bridging the education gap in Africa

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.

Jacob Zuma granted a remission of sentence

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.

Absa's posts slight rise in profit, lifts dividend by 5%

Angola has some of the biggest untapped oil and gas reserves on the African continent. Ahead of the nation's 2023 Oil &amp; 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

Impact of International energy changes on Angola

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.

Bringing Edgars back to life

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.

Slow start to Q3 economic activity

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.

CompCom recommends prohibition of Vodacom-Maziv merger

Interviews with top CEOs and leaders shaping today's news stories alongside all the latest news that is impacting the markets, business and investments around the world.An Arena Holdings production.Keywords: money, opportunity, business plan, business ideas, business news, income, financial news, industry news and views

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

Mining and manufacturing sectors end Q2 on a high note

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 Big Idea

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.

Economic resilience in parts of SSA

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.

Key sectors hit as violent taxi strike grips Cape Town

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.

All things DBSA: A year of record profits

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.

Identifying potential insolvency risks

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.

Free electricity programme fails to reach most poor households

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.

Artificial Intelligence & Africa's legal landscape

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.

Nedbank posts 10% rise in headline earnings

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

Why are foreign investors dumping South African assets?

Interviews with top CEOs and leaders shaping today's news stories alongside all the latest news that is impacting the markets, business and investments around the world.<br><br>An Arena Holdings production.<br><br>Keywords: money, opportunity, business plan, business ideas, business news, income, financial news, industry news and views

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