Foschini buys Jet stores; booze ban will wipe out more jobs, warn employers; Ghana glitters for FirstRand; Tesla

Loading player...
In today's headlines:
* The Foschini Group is to buy Jet stores from Edcon, in business rescue.
* Employers warn that South Africa's reinstated ban on alcohol sales will hit businesses hard and lead to further job losses.
* The FirstRand group has spotted potentially lucrative opportunities in Ghana, which is in good shape.
* Tesla stock jumped about 16% on Monday. Learn more about your ad choices. Visit megaphone.fm/adchoices
13 Jul 2020 1PM English South Africa Investing · Business News

Other recent episodes

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min

Parliament faces protest over lagging legislation for a provincial referendum

In this interview with Chris Steyn, Heindrich Wyngaard, the executive chairperson of Cape Forum, details plans for a protest outside the National Assembly next month over the long wait for appropriate legislation to enable a provincial referendum . “And we are also planning to be present at that Home Affairs…
23 Jul 9AM 18 min