Podcasts about daily edge

Alec Hogg opens with a thesis from Merrill Lynch veteran Dr. Duarte de Silva: South Africa's abandoned gold mines and tailings dumps — written off at $300–$800/oz — are generating margins above $3,000 per ounce at today's prices. The Witwatersrand Basin still holds as much gold as has ever been extracted from it. Yet exploration spend has collapsed 95% from its 2006 peak. On the JSE: Wesizwe Platinum surges 90% as its year-long trading suspension lifts; Pan African drifts lower despite a sound Australian acquisition; Fortress Real Estate impresses on logistics; Alexander Forbes delivers flat earnings on strong revenue; and Bell Equipment executes a textbook CEO handover. Globally: the ECB raises rates, Belfast burns, and OpenAI flags Chinese disinformation targeting US data centres.

BizNews editor Alec Hogg unpacks a day when geopolitics, markets and history collided. SPAR's SA operating profit collapsed 73% — yet the stock rallied on relief. Afrimat's Competition Tribunal disposal barely moved the needle. MTN laid out its Ambition 2030 strategy and the market sold the news. Then the big stories: US and Iranian forces exchanged strikes near the Strait of Hormuz, Bill Gates faced Congress over his Epstein ties, and SpaceX set a fixed IPO price of $135 — with $250bn of demand for a $75bn raise. Friday's listing could be the most consequential in a generation.