Nedbank profits fall by 70%; zero-alcohol limit by December; Bidcorp; ICA

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In today’s news headlines:
- Nedbank has reported a 70% profit hit;
- Bidcorp, reported a 48% decline in full-year earnings;
- Insurance Claims Africa gets set to fight insurers in court next week; and
- SA will have a zero-alcohol driving limit by December Learn more about your ad choices. Visit megaphone.fm/adchoices

26 Aug 2020 11AM English South Africa Investing · Business News

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Tonight’s BizNews Briefing starts with Dawie Roodt’s warning that South Africa’s public-sector wage bill is crowding out growth. We then track a market update led by Standard Bank’s strong full-year result, softer numbers from Montauk Renewables and progress funding at Southern Palladium. Donald MacKay argues motorists are effectively paying for…

12 Mar 7AM 11 min

BN Daybreak: Rob Hersov and Dawie Roodt at BNC#8; SPR oil release; Meta deploying AI chips

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11 Mar 9PM 17 min

BN Briefing: US Ambassador Bozell's BNC#8 warning; Yardeni's $6,000 Gold call; Sean Peche's wealth-building wisdom

Tonight’s BizNews Briefing opens with new US Ambassador Brent Bozell’s candid message from BNC#8, urging reciprocity and warning that policy uncertainty and geopolitical alignment choices shape investor confidence. We then run through a results-heavy market update led by Harmony, Rainbow Chicken and OUTsurance. Bloomberg follows with Ed Yardeni’s bullish gold…

11 Mar 7AM 10 min

BN Daybreak: Oil release; Bozell warns US patience is ‘running out’; Nyati on SA’s survival rate

Today’s Daybreak covers the IEA's historic proposal to release 182 million barrels of oil as "Operation Epic Fury" intensifies with over 5,000 US strikes inside Iran. From BNC#8, US Ambassador to South Africa Brent Bozell warns that American patience with South Africa is running out, while Eskom Chairman Mteto Nyati…

10 Mar 10PM 18 min

BN Briefing: Oil whipsaws on Trump comments, UBS on energy risk, and Cy Jacobs’ wealth building tip

Oil prices swing sharply as President Trump signals the Iran war could end “very soon”, with markets watching for a peace off-ramp, potential strategic reserve releases and safer passage through the Strait of Hormuz. We then track pockets of strength in South African results from Absa, Attacq and Weaver Fintech…

10 Mar 8AM 10 min