Moneyweb@Midday

Cape Town set to double ultra-wealthy population by 2035

‘In terms of helping wealthy people move to the city and encouraging them to do so, Cape Town could probably look at some of the things Dubai has done and try and replicate that,’ says Andrew Amoils, head of research at New World Wealth.

11 Apr 9AM 7 min

Could a recession rear its ugly head following the global tariff war?

Cape Town’s centi-millionaires set to grow exponentially in the next decade, what effect will this have on property prices in the Mother City? Could the global tariff wars lead to recession, and what Gen Z and Millennials expect from employers.

11 Apr 7AM 32 min

[TOP STORY] SA citrus exporters urged to act fast during US tariff delay window

‘It really provides us with a bit of a gap just to recalibrate and to reassess what the impacts could be if it was reinstituted after the 90 days,’ says Dr Marlene Louw, senior economist at Absa AgriBusiness.

10 Apr 9AM 7 min

Transnet confident rolling stock leasing company will fix freight rail mess

With a 90-day pause on the implementation of US reciprocal tariffs, Dr Marlene Louw takes a look at how US consumers might bear the brunt of higher citrus prices once the tariffs come into effect. Will Transnet’s new rolling stock leasing plans help the SOE’s recovery plan? And why expanding…

10 Apr 6AM 32 min

[TOP STORY] Deepfake dangers: SA’s unpreparedness for AI’s dark side

‘It becomes even more dangerous because now these AI bots can access legitimate, correct information about a person and pretend to be that person,’ says Boland Lithebe, security lead at Accenture Africa.

9 Apr 9AM 7 min

US tariff revolt: ‘It’s time to be brave’ – Prof Patrick Bond

As Trump’s tariffs come into effect, is it time for G20 countries to take a stand against the United States? How deep fake technology could lead to unrest, financial fraud and reputational damage. How to keep children safe against online scammers. And how coding can help the skills gap to…

9 Apr 6AM 32 min

[TOP STORY] Volvo SA employees left in limbo as 12 dealerships close

‘Within three days, Volvo literally came, removed their branding, removed their stock, making it impossible for these dealerships to continue selling,’ says Sonja Carstens, media and communications manager at the Motor Industry Staff Association.

8 Apr 9AM 7 min

Job losses loom as Volvo closes 60% of its SA dealerships

Motorists are in for a long wait come license renewal time due to the country’s sole license printing machine being on the fritz… again. Job losses loom as Volvo announces its closing 60% of its local dealerships. Will the agricultural sector overcome a potential AGOA exit? And how fintech solutions…

8 Apr 6AM 31 min

[TOP STORY] US tariffs could devastate Eastern Cape auto sector

‘We actually have almost half of the country's automotive manufacturing located here and also 41% of the country's automotive manufacturing employment,’ says Denise van Huyssteen, CEO, Nelson Mandela Bay Business Chamber.

7 Apr 10AM 7 min

Business weighs in on GNU bust-up

A look at the ramifications of Trump’s tariffs on local economies in South Africa. Why is the private security industry raising concerns about new proposed regulations? And, as we celebrate World Health Day, we ask why mental health is still being treated as an afterthought?

7 Apr 6AM 31 min

[TOP STORY] Tariff shake-up: Can SA farmers turn crisis into opportunity?

‘Our big risk is that these tariffs are but the first step in a much bigger initiative from the USA, something like limited sanctions, something similar to what they did to Zimbabwe,’ says Dr Theo de Jager, chair of the Southern African Agri Initiative.

4 Apr 9AM 8 min

Zille on GNU fight: The DA’s nose is not bloodied

The DA’s federal chair, Helen Zille, speaks on the GNU budget fallout and where this leaves the party. As the international trade war wages on, how will Trump’s tariffs impact SA’s agricultural exports? And how e-bikes are helping young entrepreneurs go the extra mile.

4 Apr 6AM 34 min

[TOP STORY] SA's looming 30% US tariff: What’s next for trade, investment and growth?

‘If imports into the US from South Africa go up by 30% and other countries only have a 10% lift, then there'd be a switch away from South African products,’ says Annabel Bishop, chief economist at Investec.

3 Apr 9AM 8 min

GNU teeters: Organised business worried

ANC leaders tell caucus that they cannot work with the Democratic Alliance (DA) if the party does not get behind the approved budget. Business Unity South Africa is concerned about the potential ructions should the DA exit the GNU. A look at the consequences of the US cutting defence ties…

3 Apr 6AM 34 min

[TOP STORY] Strategy or sell-out: ActionSA backs ANC budget with conditions

Alan Beesley and TK Pooe unpack ActionSA’s decision to back the ANC’s budget. They discuss the DA’s position and whether ActionSA’s move is a calculated strategy or a risky gamble in South Africa’s evolving political landscape.

2 Apr 9AM 14 min

Budget politics: Is the GNU on the verge of collapse?

Did ActionSA sell out South Africans by backing the ANC budget despite the DA’s pushback? Is the R156.3bn allocated to water and sanitation infrastructure enough to address a looming crisis? And Sars Commissioner Edward Kieswetter reports back on the revenue collector’s record R2.3trn tax year.

2 Apr 6AM 31 min

[TOP STORY] Fixing congestion or wasting billions? Gautrain CEO responds to critics

‘We did a funding and financing study, which showed that we could actually raise 66% of it outside of the fiscus and the fiscus would only be responsible for about 33% or 34%,’ says Tshepo Kgobe.

1 Apr 9AM 7 min

Renewable energy masterplan gets the green light

The Renewable Energy Master Plan has been approved for rollout by cabinet – what does this mean for the future of green industrialisation? Is the planned R120bn Gautrain expansion plan wasteful or warranted? A local whisky takes top honours for its craftsmanship. And why Treasury should address the digital elephant…

1 Apr 6AM 32 min

[TOP STORY] Moody’s sounds the alarm: Budget delays lead to investor jitters

‘There is no doubt that the world is looking and saying, if you don't actually trim your waste, you are going to be in severe trouble in the longer term,’ says Dr Azar Jammine, chief economist at Econometrix.

31 Mar 8AM 7 min

‘GNU should learn from Tshwane budget’: Mashaba

The City of Tshwane has tabled its first fully funded budget since 2021, but opposition parties call it unrealistic. Moody’s warns the GNU that any further budget delays will affect investor confidence. The Automobile Association says pouring more money into the Gautrain is wasteful. And a look at the first…

31 Mar 6AM 30 min