JSE-listed investment holding company Remgro is reporting a 125.1% increase in headline earnings to R6.49 billion for the full year period ended June 2022, coming off a Covid-19 led low base and boosted by the recovery in earnings for most of the group’s underlying investee companies, it says in a Sens announcement released on Tuesday.

Remgro says it has seen a strong recovery from recently acquired companies Mediclinic, Distell and Community Investment Ventures Holdings Proprietary Limited (CIVH) as well as other investee companies Kagiso Tiso Holdings Proprietary Limited, Grindrod Limited, Grindrod Shipping Holdings Limited, FirstRand Limited and TotalEnergies.

On Monday, the rand broke through R18 to the dollar for the first time since the pandemic-induced madness that took hold in April 2020, and subsided again during May of that year.
That is due in part to dollar strength and various global factors. But the rand is also tanking all by itself; it is the worst-performing currency among its emerging-market peers over the past month, with the government's inability to deal with load shedding cited as a major reason.

The first ever Africa Sport and Entertainment Summit will feature Anita Elberse, the Lincoln Filine professor of Business Administration at Harvard Business School.
An award-winning teacher, who will be teaching MBA case studies on entertainment, media and sport.
The Summit seeks to unpack opportunities in the Business of Sport and Entertainment in Africa. We engage different stakeholders across key markets and properties that operate in these sectors in order to fully drive towards the actualisation of the potential.

US stands firm over sanctions on 'increasingly repressive' Zimbabwe despite lobbying by Ramaphosa.

The US will not lift sanctions on Zimbabwean entities and individuals, despite the issue being raised by President Cyril Ramaphosa during his visit with US President Joe Biden.
US Ambassador to South Africa Reuben E Brigety said the US did not believe claims that its sanctions had caused Zimbabwe's declining economy.
He told News24 the sanctions were targeted at specific people and entities, and that misinformation was driving the blame for the suffering experienced in Zimbabwe on the US.
The US will not lift sanctions on Zimbabwean entities and individuals, despite the issue being raised by President Cyril Ramaphosa during his visit with US President Joe Biden.
US Ambassador to South Africa Reuben E Brigety said the US did not believe claims that its sanctions had caused Zimbabwe's declining economy.
He told News24 the sanctions were targeted at specific people and entities, and that misinformation was driving the blame for the suffering experienced in Zimbabwe on the US.

The future of work looks grim for many people. A recent study from Forrester estimated that 10% of U.S. jobs would be automated this year, and another from McKinsey estimates that close to half of all U.S. jobs may be automated in the next decade.

The jobs that are likely to be automated are repetitive and routine. They range from reading X-rays (human radiologists may soon have much more limited roles), to truck driving, to stocking a warehouse. While much has been written about the sorts of jobs that are likely to be eliminated, another perspective that has not been examined in as much detail is to ask not which jobs will be eliminated but rather which aspects of surviving jobs will be replaced by machines.

South African Airways (SAA) continues to slide down the ranks of the world's best airlines, dropping for the fourth consecutive year to its worst place on record. Meanwhile, Ethiopian Airlines continues to soar in Africa and abroad.
South Africa's flag carrier has had a tumultuous past few years. From fierce financial losses, which forced it into business rescue, to the pandemic that crippled the global aviation sector, SAA's road to renewal has been fraught.