2023 Economic year wrap according to SA’s Consumer Goods Council

GUEST - Zinhle Tyikwe – CEO of Consumer Goods Council of South Africa

South African manufacturers and retailers of food and other essential products warned on Wednesday that consumers will face much higher prices unless the government urgently finds solutions to the power cuts that are crippling the economy.

Food, consumer goods companies and retailers in South Africa are cranking up diesel generators and spending more on backup power supplies, adding to the pressure from soaring costs for raw materials, transportation and packaging.
6 Dec 2023 3PM English South Africa Business News · Investing

Other recent episodes

SA’s unemployment rate rises to 32.1%

GUEST – Statistician-General (SG) Risenga Maluleke The fourth-quarter unemployment rate rose by 0.2 of a percentage point to 32.1% from 31.9% in the third quarter, Statistics SA data shows. There were 46 000 more people without jobs in the fourth quarter of 2023 compared to the three months prior, causing…
20 Feb 3PM 13 min

Will the 2024 National Budget give young people the support they need?

GUEST - Nkosinathi Mahlangu - Youth employment portfolio head at Momentum Metropolitan In this year’s State of the Nation Address (SoNA), President Cyril Ramaphosa painted a very alluring picture, but one that could, unfortunately, be likened to an “expectation versus reality” meme. In his version, the “expectation” one, the President…
20 Feb 3PM 10 min

Kumba to cut up to 490 jobs in line with reduced iron ore output

GUEST – Nompumelelo Zikalala, CEO of Kumba Kumba Iron Ore was forced to slow its production during the last quarter of 2023 to reduce a growing stockpile prompted by railway woes. The Anglo American subsidiary, which employed about 11 000 people in 2022 including contractors, also announced on Tuesday that…
20 Feb 3PM 11 min

BUDGET PREVIEW: Why this is a pivotal budget

GUEST – Izak Odendaal - Old Mutual Wealth Investment Strategist Almost every Budget Speech of the past decade has been called “pivotal”, “make or break” or something similar. And yet the great pivot never seems to arrive. Except for the brief post-Covid commodity boom, a decisive change in the country’s…
20 Feb 3PM 9 min

What will it take to enhance SA’s financial health?

Guest: Ciko Thomas, Nedbank Group Managing Executive for Retail and Business Banking In a virtual roundtable today, H.M. Queen Máxima of the Netherlands, as the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), and Ciko Thomas, Nedbank Group Managing Executive for Retail and Business Banking, led a…
15 Feb 3PM 9 min