BN Briefing: Cyril on the 49 Afrikaner “Refugees”; Gayton: Foreigners must be expelled immediately

Loading player...
In this BizNews Briefing, President Cyril Ramaphosa pushes back against claims of white Afrikaner persecution, following their controversial resettlement in the US under a Trump-era refugee programme. Gayton McKenzie demands that his department prioritise South Africans for jobs, rejecting foreign hires. Economist Dawie Roodt shares his expectations for next week’s national budget, while Afrimat CEO Andries van Heerden discusses a challenging year of financial results. The SABC appeals for R7.3 billion to fulfil its public broadcasting mandate, drawing criticism for diverting commercial revenue. On the global front, Tencent bets big on AI integration despite short-term profit pressures.
15 May 2025 3AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min