Massmart slides while Woolies steadies; Phuthuma Nathi bonanza; August stock blues; Unions torch Tito plan

Loading player...
In today's business headlines: 
Massmart is pinning its hope on a new CEO, Mitchell Slape to stop the slide at the Walmart controlled retailer;
Full year earnings from Woolworths showed signs of improving performance and is pulling other retailers up;
Black shareholders of MultiChoice South Africa are benefitting from a declared dividend to Phuthuma Nathi shareholders;
August is turning out to be the worst month for South African stocks since 1998; and
Cosatu has rejected the Treasury growth plan unveiled by Finance Minister Tito Mboweni but Santam says it is a good start. Learn more about your ad choices. Visit megaphone.fm/adchoices
29 Aug 2019 2PM English South Africa Investing · Business News

Other recent episodes

Corné Mulder says SA could have a new government before 2029

South Africa just joined a short and unflattering list of countries facing individual US visa restrictions, and Freedom Front Plus leader Corné Mulder says he saw it coming from a manifesto launch stage days before it happened. He tells Alec Hogg why he thinks Cyril Ramaphosa's habit of avoiding decisions…
17 Sep 10AM 28 min

GG Alcock says SA's R1-trillion "informal" economy is anything but

South Africa's townships are not a side economy. According to GG Alcock, author of the Kasinomics book series, they're a trillion-rand-plus market that the country's biggest listed companies are already quietly fighting over, from Shoprite's cash-and-carry pivot to Capitec's entrepreneur accounts to Pepkor's handset financing. Alcock, who grew up in…
17 Sep 7AM 49 min

Solly Moeng: BOTH Cyril AND Mashatile are too ill to run the country

In their latest weekly chat, Chris Steyn and Political Commentator Solly Moeng talk about both President Cyril Ramaphosa and Deputy President Paul Mashatile having been declared unfit - because they are too ill - to perform official duties; the US the visa restrictions for certain - still unamed -government officials;…
17 Sep 6AM 16 min