Global markets sink, navigating a bear market

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Victoria Ashwin and Sean Peche, portfolio manager and founder of Ranmore Global Equity Management discuss recent global market movements which have left a lot of investors spooked with the S&P down 8.9% in the past 5 days. Learn more about your ad choices. Visit megaphone.fm/adchoices

15 Jun 2022 4AM English South Africa Investing · Business News

Mchunu’s R2,7m legal bill, CR’s inaction, Sibiya’s secrets & Zuma’s spies v/s the EFF…

In this interview with Chris Steyn, Willem Els of the Security Initiative for Africa (SIA), comments on the R2,7-million legal bill racked up by special leave Police Minister Senzo Mchunu and President Cyril Ramaphosa’s continued failure to sack him. “He was supposed to be the saviour of the ANC and…

27 Oct 6AM 22 min

BN Daybreak: Summers on a stretched consumer; Joburg whistleblower; Africa's moon shot; Wall St

Pick n Pay CEO Sean Summers tells Alec Hogg the consumer is stretched by fuel, electricity and rent, and defends pushing break-even to 2029: you cannot wish for profit first and sales second. He has closed almost 200 stores in three years while the main rival opened 800. City Power…

26 Oct 11PM 14 min

Joburg whistleblower: Looters should be charged with terrorism

In this interview with Chris Steyn, City of Johannesburg whistleblower Stephanus Fourie warns that a new administration will not be able to root out entrenched mismanagement and corruption without drastic action. “Unless you catch the criminals and you lock them up and you take back everything that they've taken from…

26 Oct 6AM 26 min

BN Edge | CEO Sean Summers: Pick n Pay's long road back from the brink

Three years ago, Sean Summers said, the talk at South African braais was whether Pick n Pay would survive at all. On results day, with the supermarket business still losing R516 million in six months and break-even pushed out to 2029, he told Alec Hogg why he wasn't in a…

26 Oct 7AM 31 min

Africa’s first Moon mission is South African-led, and local expertise slashed the cost

For more than 13 years, Dr Carla Mitchell has chased a dream she once believed belonged to Americans and NASA. Now she is leading Africa’s first space exploration mission to the moon in 2029. Africa2Moon will ride on China’s Chang’e 8 lander and deploy three 30 centimetre antennas, fondly known…

26 Oct 4AM 16 min