Emerging sector champions Gerrie Fourie, GG Alcock answer the hand-wringing “30% unemployment” question

Loading player...
Derangement describes the detached armchair observers who judge those in the arena. Capitec CEO Gerrie Fourie and Kasinomics author GG Alcock have had their fill of these critics - and explain why to BizNews editor Alec Hogg in this forthright interview about the unappreciated slug of South Africa’s economy. The two champions of SA’s Emerging Sector explain why the official data is badly wrong - and how the country’s unemployment rate is closer to 10% than the widely quoted 30%. Hitting back at the hand-wringers with a message of hope - and reality.
9 Jul 2025 8AM 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