Business Bagel

In Today’s Roundup: America’s Democratic election victory, dubbed the Blue Wave, has wiped trillions off global stock markets as investors worry about what it could mean for the AI boom. But while US tech stocks are taking a beating, South Africa’s markets are moving in the opposite direction. We explain why. Meanwhile, a business Woolworths spent R21 billion buying has collapsed into administration, just 3 years after the retailer sold it. Plus, Shoprite’s controversial R170 million CEO incentive plan survives a shareholder revolt, Nedbank makes a R13.9 billion move into East Africa, and Investec secures a banking licence in Europe.Our Flagship Partner: This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Views quoted from All Weather Capital are their own and not financial advice. All Weather Capital is an Authorised Financial Services Provider (FSP 36722). Full disclosures are available at https://allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:Are South Africa’s top CEOs being paid too much? Shoprite’s CEO earned R117.8 million last year, and shareholders are now voting on another enormous incentive package. We look at both sides of the debate, including what Pick n Pay and Woolworths pay their executives. Meanwhile, a surprising election result in Texas could threaten the global AI boom, with consequences for South Africans invested in tech stocks. Plus, the founder of a R2.4 billion motor group passes away, Binance reveals how hackers stole billions using fake job interviews and AI, and Ferrari’s widely mocked electric car reportedly sells out for 2027.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Views quoted from All Weather Capital are their own and not financial advice. All Weather Capital is an Authorised Financial Services Provider (FSP 36722). Full disclosures are available at https://allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:America plans to scrap South Africa’s duty-free trade benefits, but how much will losing Agoa actually cost us? We look at why the wider impact may be smaller than it sounds, while some businesses and thousands of jobs still remain exposed. Meanwhile, GoTyme is aiming for a place among SA’s top three banks by active users, with lending driving its next move. Plus, MTN shares surge, Aspen expects a R2 billion profit while keeping a decade of production, new vehicle sales climb, and OPay’s cancelled listing disrupts Standard Bank’s investment plans.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Views quoted from All Weather Capital are their own and not financial advice. All Weather Capital is an Authorised Financial Services Provider (FSP 36722). Full disclosures are available at https://allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:South Africa's biggest businesses are increasingly asking customers to pay monthly subscriptions, but behind the promise of saving shoppers money is a much bigger battle for their spending. Meanwhile, Dis-Chem's loyalty programme is driving sales, even as rising costs eat into profits and Shoprite emerges as an unexpected threat. Plus, South Africa's economy is suddenly 4.9% bigger on paper, the builder behind the Carlton Centre is in business rescue, BHP's copper production has fallen 19%, and SAA's former acting CEO has been fired from its catering subsidiary.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Views quoted from All Weather Capital are their own and not financial advice. All Weather Capital is an Authorised Financial Services Provider (FSP 36722). Full disclosures are available at https://allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:In our very first Investors’ Corner, a monthly edition brought to you by our flagship partner, All Weather Capital, we unpack what their investment team is watching across South Africa and global markets. With South Africans heading to the polls, investors are looking beyond the local election results to what they could mean for the Government of National Unity, and ultimately the country’s financial markets. Meanwhile, the world’s biggest technology companies are spending so much money on AI that some are burning through more cash than they generate. Plus, South Africa’s economy is suddenly 5% bigger on paper, the war in Iran has added billions to the country’s fuel bill, expensive gas is pushing countries back towards coal, and gold is falling despite growing global uncertainty.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Views quoted from All Weather Capital are their own and not financial advice. All Weather Capital is an Authorised Financial Services Provider (FSP 36722). Full disclosures are available at https://allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:The world is drinking less alcohol, but South Africa is bucking the trend. Two of the world’s biggest brewers have just reported exceptionally strong sales here, even though South Africans say they want to cut back on drinking. Meanwhile, Pick n Pay’s clothing business is growing faster than the country’s established clothing retailers, despite a difficult market. Plus, Bidvest is putting its acquisition spree on hold and looking for a buyer for its bank, FlySafair’s R7 billion takeover has cleared a major hurdle, and overseas tourist arrivals have fallen 11%.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Learn more: allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:Morocco has just overtaken South Africa in a major investment ranking, and its economy is growing more than four times faster than ours. But there’s another side to the numbers that’s worth paying attention to. Meanwhile, businesses are discovering the hidden costs of AI, with some already cancelling projects because of their bills. Plus, a South African mining giant is betting nearly R16 billion on platinum and nickel, our love for chicken is boosting a local food producer, and Mercedes-Benz is struggling in China.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Learn more: allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:Chinese cars have taken South Africa by storm, but some owners are getting a nasty surprise when it’s time to trade them in. But there’s more to this story than meets the eye. Meanwhile, a clever South African start-up wants to use your neighbours to help millions access credit, and the world’s biggest technology companies are facing growing questions about their AI spending. Plus, South Africa’s credit rating upgrade is getting closer, Microsoft is offering 60,000 employees severance packages, and the company behind Claude is heading for the stock market after reporting an $80 billion loss.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Learn more: allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:South Africans have as much as R10 trillion invested overseas, and government has a new plan to bring some of the business managing that money back home. But will it be enough to convince financial firms to return? Plus, Treasury is rewriting its controversial crypto rules, Sanlam is making a R21 billion move to take full control of Santam, and Sygnia shareholders have approved a rather generous employee share scheme. Meanwhile, motorists could get some limited relief at the pumps, and gated estates have lost a court battle over estate agent fees.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Learn more: allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠

In Today’s Roundup:Pick n Pay’s shares have jumped nearly 10% after the struggling retailer revealed some surprisingly good news about its turnaround. But there’s still a long way to go before its supermarkets return to profitability. Plus, Shoprite is reportedly exploring a banking partnership with Investec, Clicks has crossed R50 billion in annual sales, and DStv’s decline is finally showing signs of slowing. Meanwhile, SAA is struggling to pay its employees on time, and South African exporters are taking advantage of a massive new opportunity in China.Our Flagship Partner:This show is proudly brought to you by All Weather Capital, Business Bagel’s flagship partner. Learn more: allweather.co.zaMore From Us:⁠Whatsapp Channel⁠ ⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠Spotify⁠⁠Apple Podcast⁠