Flash Briefing: Covid-19 turbocharges SA e-commerce; Most SAs want Covid jab - survey; Naspers-Tencent; oil; inflation

Loading player...
* The total growth for online retail in South Africa in 2020 came to 66%, bringing the total to R30.2-billion, reports MyBroadband.co.za.
* South Africans aren't anti-vaccers. In fact, at least seven in every 10 adults surveyed in the National Income Dynamics Study – Coronavirus Rapid Mobile Survey - would get a jab if it was available.
* Dutch-listed technology investor Prosus NV plans to raise its stake in South African parent Naspers to nearly 50% in a share swap deal that will move part of their huge holding in China’s Tencent to Amsterdam from Johannesburg.
* The oil supply glut that built up after the pandemic forced producing countries to slash output has almost returned to normal levels, the International Energy Agency said Wednesday.
* US consumer inflation rose far more than expected in Apr 2021 to 4.2%y/y, with core inflation up at 3.0%. Stanlib Chief economist Kevin Lings notes that US inflation could remain uncomfortably high for an extended period, unsettling financial markets. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 May 2021 10AM 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