Category: Syndication
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Study finds over half SA’s workers are gambling, most to pay expenses, debt
Old Mutual’s 2026 Savings and Investment Monitor surveyed just over one and a half thousand working South Africans earning over R8 000 a month. It revealed a widening divide: while higher earners grow more confident and take on more investment risk, lower-income workers face deepening debt distress – using gambling as their coping mechanism. Over…
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BizNews Edge: Anglo says goodbye to SA; Old Mutual’s gambling warning; Microsoft-Meta AI tension
Anglo American just posted the kind of interim numbers investors dream of. But look past the headline and the real story is a 109-year-old Johannesburg company quietly finishing its exit from South Africa, with its head office bound for Vancouver and De Beers set to go for a fraction of what Anglo once paid the…
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Anglo American’s interims confirm the retreat from South Africa
Anglo American’s 2026 interim results to end June, released today, reflected a strong operational performance — underlying EBITDA up 35% to $4 billion, free cash flow up 149%, and the dividend up almost three fold — driven almost entirely by copper. But beneath the good numbers sits a continuing retreat from South Africa: Anglo confirmed…
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BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci’s Fifth Amendment; Zambian kwacha
Listen here In today’s episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa’s impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia’s kwacha surging against the rand,…
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A rare opportunity that may never come again: Historic St George’s Park Campus heads to auction on 27 August 2026
For more than a century, the landmark campus at 8 Park Drive, St George’s Park has been woven into the educational and architectural fabric of Gqeberha. Now, for what may be one of the last opportunities of its kind, this exceptional property is being offered to the market. Occupying an expansive 30,189 m² site in…
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Murder, mayhem, treachery, and court battles = SA politics: Solly Moeng
Listen here In his latest interview with Chris Steyn, Political Commentator Solly Moeng, talks about four political parties joining in a Constitutional Court bid to try and overturn President Cyril Ramaposa’s impeachment committee interdict; a murder investigation into the death of General Sindile Mfazi, who was investigating an unauthorised undercover operation to cover up wrongdoings…
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BizNews Edge: Treasury pays 69 errant municipalities anyway, SARB rate hold is punishing the Rand
Treasury switched off the taps to 69 municipalities for doing nothing about corruption and mismanagement. Today it switched them back on anyway, days before its own deadline. Alec Hogg asks the obvious question nobody in government wants to answer. Plus: why last week’s Reserve Bank rate hold is already punishing the rand, a foundation funded…
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China, not America, is the country African youth now admire most
The latest release of a biennial survey of nearly 5,000 young Africans has produced an uncomfortable number for Washington: 95% now view China’s influence on the continent positively, against 85% for the United States, with the UK, Germany, the EU and India all ranking higher than the Yanks. The finding comes from the Ichikowitz Family…
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BN Daybreak: SA gun stats; Phala Phala; Fed rate debate; Oil scenarios; Nvidia on AI
Listen here In today’s BizNews Daybreak, SK Hynix posts profit gains while Nvidia’s CEO defends open-weight AI amid safety warnings and new hacking reports. Ford raises its outlook and Visa cuts 2,600 jobs. In South Africa, SAPS data reveals over 99% of gun murders involve unlicensed firearms, while the Phala Phala impeachment battle reaches the…
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BizNews monthly webinar: Strategic rebalancing in unpredictable markets
In this month’s Ricardo portfolio update, we unpack strategic shifts driven by changing margins of safety, market volatility, and historical investment cycles. On the global front, the team is pivoting away from high-spending tech giants heavily exposed to the AI infrastructure boom, shifting focus instead to the “picks and shovels” – the essential utility providers…
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Ian Cameron: 41,000 killed with illegal guns and the factional battle for control of SAPS
Listen here In his latest interview with Chris Steyn, Ian Cameron, the Chairperson of Parliament’s Portfolio Committee on Police, talks about the revelation that – in the last four financial years – over 41,000 murders were committed with unlicensed firearms, but fewer than 400 murders with licensed firearms whilst the government is pushing for stricter…
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BizNews Edge: Cyril’s impeachment battle heads to ConCourt, billions wiped off AI chip stocks
Two judges signed the same court order and can’t agree on what it actually stops. Now Ramaphosa’s impeachment fight is headed to the Constitutional Court, with the ANC’s own GNU partner pushing Parliament to keep working in the background regardless. Meanwhile South Africa’s bookmakers want prediction markets like Polymarket treated as illegal, three JSE-listed companies…
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Matisonn: Ramaphosa’s impeachment fight set to drag through November’s election season
ATM leader Vuyo Zungula has taken his impeachment push to the Constitutional Court after last week’s high court order halted parliament’s Section 89 hearings. Two judges split on how far that order actually reaches, leaving room for preparatory work to continue even as witness testimony stays frozen. A separate September review will test whether the…
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BN Daybreak: SARB rate shock; US-Iran tensions; Zuma MK finance battle; SAPS Estate raid
Listen here In today’s episode, we cover the US-Iran diplomatic talks and escalating tech wars with China’s new DUV lithography machines. Locally, Jabulani Khumalo warns of Jacob Zuma’s alleged plot to seize MK Party finances. We also examine a warrantless SAPS and Home Affairs raid on a Western Cape estate. Finally, Alec Hogg unpacks the…
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Zuma in crisis: Disgruntled MKP members to vote ARU – Jabulani Khumalo
Listen here In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, comes out in support of The African Renaissance Unity Party (ARU) founded to lobby for the interests of traditional chiefs and their communities. With Khumalo’s battle to reclaim control of the party – “hijacked” by former President Jacob Zuma…
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Eva Crouwel – When the State comes to your Gate….
Listen here An anti-immigration raid on a private housing estate in the Western Cape is causing a furore. In this interview with Chris Steyn, Eva Crouwel, a property owner on High Riding Estate, describes how police in a fleet of about six vans – accompanied by Home Affairs officials – descended on the estate last…
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BizNews Edge: Rand slides on steady rates, Musk’s AI warning, shake-up at IDAC, and more…
Elon Musk tells The Economist that AI will out-think the whole of humanity within five years, and he sounds strangely at peace with that. Back home, the Reserve Bank blindsided everyone with a shock rate hold, the Rand took its worst knock in months, and Citigroup walked away from a bet it had believed in…
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BN Daybreak: SA-Israel tension; Nvidia-OpenAI deal; US tariffs; Fed rate outlook; Energy Risks
Listen here In today’s BizNews Daybreak, we explore global market pressures, starting with new US Section 301 tariffs affecting South Africa and 60 other economies. Former Israeli adviser Mark Regev discusses strained Pretoria-Israel relations and ICJ genocide charges. Furthermore, we preview upcoming central bank rate decisions, Nvidia’s potential $250B OpenAI data center deal, tech mega-cap…
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The NdB Sunday Show – Mark Regev: Israel and SA, Israel and the US, and the end game of the Iran War
In the latest NdB Sunday Show, Chris Steyn spoke to Mark Regev, the former senior advisor to Israeli Prime Minister Benjamin Netanyahu. On the bilateral relationship between South Africa and Israel, he says: “… it’s clear we’re going through a difficult period. South Africa says it wants to promote peace and justice in the Middle…
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Matisonn: How the Arrest of Gen. Khumalo triggered Mkhwanazi’s July 6 bombshell claims
Before General Nhlanhla Mkhwanazi’s explosive July 6 media conference alleging syndicate infiltration at the top of the police, there was the arrest of Crime Intelligence chief General Dumisani Khumalo. John Matisonn traces the chain, from a murdered whistle-blower and a disbanded task team to Police Minister Senzo Mchunu’s fateful decisions, and asks whether IDAC head…