BizNews Edge: Anglo says goodbye to SA; Old Mutual's gambling warning; Microsoft-Meta AI tension

Loading player...
Anglo American's interims dazzled - earnings up 35%, free cash flow up nearly 150%, the dividend all but tripled. But BizNews editor Alec Hogg looks past the headline to what Anglo's walking away from: steelmaking coal sold, De Beers going for a tenth of what it paid, and a Teck merger that moves the head office to Vancouver. A 109-year-old Johannesburg company is quietly leaving. He pairs that with Old Mutual's finding that half of working South Africans now gamble - the sharp end of a two-speed nation. Plus ArcelorMittal, Reinet, Woolworths, a post-Fed bond rout, and the great Microsoft-Meta AI tension.
30 Jul 6AM English South Africa Investing · Business News

Other recent episodes

Mark Burke breaks his silence on the Kastelo storm: “The ANC will not succeed”

Mark Burke discusses Kastelo’s regulatory dispute with the South African Reserve Bank, explaining the company’s compliance processes, client mandates, offshore investment transactions and decision to halt operations amid the blocking order. He also addresses the political fallout, media coverage and his decision to step back from the DA’s finance cluster…
21 Aug 6AM 45 min

Marc Dhalluin - A Saffer’s crusade against global ad fraud…

There are more online ads sold and paid for every single day than there are human beings on earth to consume those ads. That is the revelation from Marc Dhalluin of TruthsetsOnline, a South African based in Los Angeles, whose passionate mission is fighting global ad fraud. He talks to…
21 Aug 2AM 13 min

BN Daybreak: Steinhoff texts; Naspers' Tencent deal; Chad le Clos' LA push

Today's episode explores the aftermath of the Steinhoff crash with previously unseen texts from Markus Jooste. We also unpack how Naspers secured its legendary $33 million Tencent deal despite tough negotiations. In sports, Chad prepares for his "last dance" at the LA 2028 Olympics. Finally, we cover Wall Street's slump…
21 Aug 12AM 13 min