The Editor's Desk - Tue 17 Feb 2026: Taxing the rich, the AI hysteria, and the end of the prime rate

Loading player...
In today’s premium briefing, we dive into why the "rich getting richer" narrative fails when viewed on a post-tax basis and why entrepreneurs are reaching a breaking point with global tax hikes. Alec also explores the long-term reality of the AI revolution and a significant shift in South African monetary policy that could see the end of the traditional prime overdraft rate by 2027.
17 Feb 7AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak - Fri 12 June 2026: Trump halts Iran strikes; SA's overlooked gold fortune; PA surge; World Cup fees

In today's BizNews Daybreak: Global markets rallied after President Trump halted planned military strikes against Iran. In South Africa, the Patriotic Alliance clinched a major by-election victory in Malmesbury, weakening established parties. Meanwhile, Alec Hogg unpacked South Africa’s overlooked multi-billion rand gold mining fortune. Finally, we highlight Adobe’s executive shakeup…
11 Jun 11PM 15 min

The Daily Edge: Gold at $4,100 and SA is sitting on a fortune it can't see

Alec Hogg opens with a thesis from Merrill Lynch veteran Dr. Duarte de Silva: South Africa's abandoned gold mines and tailings dumps — written off at $300–$800/oz — are generating margins above $3,000 per ounce at today's prices. The Witwatersrand Basin still holds as much gold as has ever been…
11 Jun 7AM 19 min