Amazon comes to South Africa from space. Plus: Mexican candy, market mayhem and PIC chaos

Loading player...
In this episode, Bruce chats with Herotel CEO, Van Zyl Botha, about the partnership bringing Amazon Leo to South Africa, a satellite internet service that could finally connect farms, townships and rural communities where fibre has never reached. South Africa goes live in 2027. Claire Swanson of ARK Provisions tells the story of a sweet she tasted in Mexico that reminded her of corner shop treats from Mitchell’s Plain. Graeme Korner of Korner Perspective unpacks a market caught between AI euphoria and oil anxiety, where pick-and-shovel companies are soaring even as SpaceX trades below its listing price. And News24 Business editor Helena Wasserman covers the alarming breakdown at the PIC, whose CEO has been suspended and the FSCA has stepped in; Richemont’s surprise 20% sales jump; and why a Hormuz flare-up means petrol price relief may be short-lived. This podcast is sponsored by Capitec. To catch every episode, click the follow and subscribe buttons on News24’s Spotify, Apple, and YouTube podcast channels, or catch up on past episodes here. Editions drop on Thursdays at 17:00. 
16 Jul English South Africa Business · News

Other recent episodes

Poverty tax, Momentum’s billions and SA’s Formula One gamble

In this episode, Momentum CEO Jeanette Marais unpacks a standout year, with normalised headline earnings hitting R7 billion ahead of schedule, five business segments crossing R1 billion for the first time, and India emerging as the group’s most exciting long-term growth story after the health insurance joint venture with Aditya…
23 Sep 38 min

Fertiliser to fintech: Omnia feeds Africa, Optasia banks it

In this episode, Omnia Group CEO Seelan Gobalsamy discusses a record year driven by Africa’s growing food security imperative, with fertiliser demand rising across the continent and a strategy built around becoming the essential input supplier for African farmers. Optasia CEO Salvador Anglada unpacks how the group is making more…
17 Sep 35 min

FirstRand’s Vilakazi cleans up after R17bn UK hit

In this episode, FirstRand CEO Mary Vilakazi unpacks results that look worse than they are. Reported earnings fell 5% after an R11.4 billion provision for the UK motor finance scandal, but strip that out and normalised earnings from continuing operations grew 13%, with return on equity at 24%. The UK…
10 Sep 29 min