The spirit of South Africa calls foreign workers

We explore a toughening economic climate as South African consumer confidence drops and central bank indicators flash red. Discover why the market is blindly punishing value, dragging down Sibanye Stillwater’s debt-free gold business despite solid restructuring plans. We also highlight Attacq’s resilient property portfolio and Steenkamp Kraal’s historic rare earth…

Today's BizNews Daybreak covers the US granting Iran a 60-day oil sale license following Switzerland peace talks. Tech stocks retreat as Alphabet slips 5% and Qualcomm eyes a $4 billion Modular acquisition. In the UK, Keir Starmer resigns as PM, clearing the path for Andy Burnham. Plus, the ISS warns…

Following the recent R1-billion drug bust at Beitbridge, there is renewed focus on the warning by KZN Provincial Police Commissioner General Nhlanhla Mkhwanazi that South Africa could become another Mexico or El Salvador if politically- and police-connected drug cartels were not dealt with. In this interview with Chris Steyn, Willem…

Good numbers, wrong catalyst. That's the Monday verdict on the JSE. Naspers flagged core earnings growth of up to 28% and still lost ground, sitting 37% off its 52-week high. Standard Bank reported resilient five-month earnings but moderated from a 12% first-quarter pace — sell-the-news into a stock already up…

This episode of BizNews Daybreak covers the US-Iran preliminary nuclear agreement, an FDA panel's approval of Moderna’s new mRNA flu vaccine, and upcoming Fed inflation data threatening further interest rate hikes. Domestically, Lauren Evanthia discusses a proposed South African cabinet reshuffle and John Steenhuisen's political demotion. Finally, we analyze the…