Category: News
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There’s now a simpler, more cost-effective way to move larger sums of money internationally
Few financial transactions feel as complicated as moving large sums of money into or out of South Africa. Whether you’re emigrating, purchasing property abroad, receiving a foreign salary or inheritance, or managing import/export payments for your business, the process can quickly become a maze of paperwork, regulatory requirements and pricing structures that make it difficult…
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BizNews Edge: A 29% overnight jump, and CEO Alex Karp says Palantir is only getting started
Listen here Alex Karp just proved that conviction moves markets. Palantir’s overnight 29% jump has Wall Street rethinking what it thought it knew about the company, and Karp isn’t shy about telling you why. Elon Musk lays out exactly how far ahead SpaceX and Starlink already are, and how much further they’re going, while South…
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Solly Moeng: Zuma & Duduzane, Cyril & Madlanga, Bozell & Lamola…
Listen here In their latest weekly chat, Chris Steyn and political commentator Solly Moeng talk about the headline-grabbing actions of former President Jacob Zuma and the headline grabbing non-action of current President Cyril Ramaphosa: Zuma appointing his son, Duduzane, as MKP’s Deputy President while Ramaphosa has been sitting on the second interim report of the…
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Is Johannesburg slipping out of the ANC’s hands for good?
Johannesburg’s 4 November election could mark the ANC’s steepest local decline since 1994. The party has yet to announce a mayoral candidate, is campaigning on the slogan “Fixing Local Government,” an implicit admission of its own record, and faces a DA that has spent over a year building a “Believe in Joburg” campaign under Helen…
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James Galbraith on BizNews: Can ‘Zombie Monetarism’ survive the flaws that killed it the first time?
Economist James K. Galbraith challenges a new paper by Peter Ireland, Stephen Miran and Nouriel Roubini urging incoming Fed chair Kevin Warsh to revive Milton Friedman’s monetarist doctrine through a modern “Divisia” money index. Drawing on his own history helping design the Fed’s 1970s reporting requirements, Galbraith argues the approach fails on two counts: the…
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Ceuta, colonialism and the cost of Spain’s double standards
Around 60,000 people crossed from Morocco into Spain’s Ceuta enclave in one of the largest mass border breaches in recent European history, overwhelming a city of 80,000 residents. The crisis has revived Morocco’s long standing claim that Ceuta is a colonial era holdover, and raised uncomfortable questions for Madrid, which has been a vocal advocate…
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Katzenellenbogen: Joburg sits on a knife edge between a DA win and a coalition mess
Johannesburg’s local government election on 4 November could reshape South African politics. DA mayoral candidate Helen Zille needs about 490,000 votes, more than double the party’s 2024 total, to win an outright council majority. Falling short would mean another coalition, a scenario blamed for ten mayors in ten years and stalled service delivery. The ANC,…
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Simone Biles: Redefining greatness through courage and accountability
By Tendani Mulaudzi Simone Biles is an athletic superstar, after continuously redefining gymnastics and what it means to be an athlete. With 11 Olympic medals and a record-breaking 30 World Championship medals, as well as gymnastic skills that bear her name, Biles has also made huge leaps in the sports world by openly prioritising mental…
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Eskom chairman says South Africa has quietly normalised lawlessness
Eskom chairman Mteto Nyati has warned that South Africa has slid quietly into lawlessness, with offences from jumped traffic lights to illegal electricity connections increasingly treated as normal. He links the shift to an overcorrection from apartheid era controls, but says no country succeeds on a foundation of chaos. His comments coincide with Eskom’s own…
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How world sees SA: DA’s court challenge to EWC could test SA’s GNU
The Democratic Alliance is asking South Africa’s Western Cape High Court to strike down key provisions of the Expropriation Act, arguing the law lets the state seize private land too broadly. President Ramaphosa signed the update to redress apartheid era land loss, since three quarters of farmland remains white owned. The law was used by…
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SpaceX’s AI spending spree overshadows a stronger than expected debut earnings report
SpaceX’s first earnings report since its record IPO beat revenue forecasts, but a jump in AI spending to $18.4 billion spooked investors and sent shares tumbling. Elon Musk, born and raised in South Africa, still faces a domestic hurdle unrelated to Wall Street: Starlink remains unlicensed here, blocked by ownership rules requiring local equity that…
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BN Daybreak: AfriForum targets Malema; Nedbank surges; SA pitches power to China; SpaceX
Listen here In todays Daybreak, AfriForum’s CEO reveals an upcoming contempt of court case against Julius Malema for land grab calls. Paramount Group’s founder warns of a potential uprising in South Africa. Locally, Nedbank report strong interim results, while a scam victim shares his R450,000 loss. Globally, SpaceX and AMD release earnings, and South Africa…
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Stroke victim loses R450,000 disability money on online trading platform
Listen here Another BizNews tribe member has suffered a huge online trading platform loss. In this interview with Chris Steyn, Tommy Salem describes how he ended up on the FXSI platform after clicking on a clip showing AfriForum’s Kallie Kriel before losing R450 000 in two months. It was money Tommy could ill afford to…
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Nedbank H1 results: 12% underlying growth, dividend up, East African expansion on track
Financial highlights: • Headline earnings of R8 405m, up by 0.1% (June 2025: R8 399m). • Revenue of R38 235m, up by 6% (June 2025: R35 981m). • Credit loss ratio of 95 bps (June 2025: 81 bps). • Total operating expenses of R21 696m, up by 3% (June 2025: R21…
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The defence industrialist warning South Africa is out of time, and what it stands to lose.
Listen here Ivor Ichikowitz turns sixty this year, and by his own account he’s never felt more energised. As founder of Paramount, the defence and aerospace group he built into a business operating in twenty countries, he’s used to controversy. But in this conversation with Alec Hogg, he’s not talking weapons. He’s talking about what…
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BizNews Edge: SA is sitting on a defence asset it doesn’t know it has; Malema; Tshwane and more
Listen here Thirteen votes vanish, a city manager gets his job back, and Tshwane’s bondholders are left wondering what happens to every tender signed while he was out. Kallie Kriel tells Chris Steyn that AfriForum is coming for Julius Malema again, and this time the government’s in the crosshairs too. Then Ivor Ichikowitz, the famously…
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Kallie Kriel: AfriForum’s legal eagles to swoop on “Land Grab” Malema
Listen here In this interview with Chris Steyn, Kallie Kriel, the CEO of AfriForum, describes the legal battle being fought against the Expropriation Act in the Cape High Court this week. Detailing the implications of the act in current form, Kriel warns that after the Local Government Elections in November, municipalities under MK control could…
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BN Portfolio: Palantir shares surge as CEO Karp calls demand “otherworldly”
Palantir Technologies shares jumped as much as 17% in premarket trading after the company raised its full-year revenue and profit outlook, with CEO Alex Karp describing commercial demand as “otherworldly.” Full-year adjusted operating income is now expected to reach up to $4.91 billion, with sales of up to $8.16 billion, both above prior guidance and…
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Climate change set to add SA to Africa’s Malaria map
A new Nature study finds climate change will redraw Africa’s malaria map by 2050, with cases potentially rising by up to 20% in coastal southern Africa. Warming temperatures are set to push malaria-carrying mosquitoes into cooler regions, including South Africa’s three northeastern provinces, says University of Cape Town co-author Christopher Trisos, who warns local health…
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Paul Hoffman: Can Parliament actually kill off IDAC and start again?
DA chief whip Glynnis Breytenbach plans a private member’s bill to repeal the IDAC legislation, signed into law weeks before the 2024 election. Because IDAC was created by ordinary legislation, only a simple majority is needed to scrap it, unlike a Chapter Nine institution, which would need two-thirds. Evidence at the Madlanga Commission has exposed…