BizNews Radio

Today's BizNews Daybreak covers the US granting Iran a 60-day oil sale license following Switzerland peace talks. Tech stocks retreat as Alphabet slips 5% and Qualcomm eyes a $4 billion Modular acquisition.

In the UK, Keir Starmer resigns as PM, clearing the path for Andy Burnham.

Plus, the ISS warns of Mexican drug cartels in South Africa, Naspers reports surging core earnings, and Nouriel Roubini turns bullish on US productivity.

Following the recent R1-billion drug bust at Beitbridge, there is renewed focus on the warning by KZN Provincial Police Commissioner General Nhlanhla Mkhwanazi that South Africa could become another Mexico or El Salvador if politically- and police-connected drug cartels were not dealt with. In this interview with Chris Steyn, Willem Els of the Institute for Security Studies (ISS) shares the findings of the ISS' latest drug study. “On the operational level, we're sitting with severe challenges. We've got most of the senior commissioners of police that are being arrested or suspended or so on. So we've got a power vacuum there and so on… one of the biggest challenges is the severe disinvestment in your capability in the police, intelligence-wise, as well as operational. We do not have boots on the ground. We do not have sufficient equipment and infrastructure…. ” Els details the ISS’ recommendations, and expresses optimism that with the appointment of General Mkhwanazi as Head of the Organised Crime Desk, “there might be some improvement now”.

Good numbers, wrong catalyst. That's the Monday verdict on the JSE. Naspers flagged core earnings growth of up to 28% and still lost ground, sitting 37% off its 52-week high. Standard Bank reported resilient five-month earnings but moderated from a 12% first-quarter pace — sell-the-news into a stock already up 8% in a fortnight. Herriot acquired three Gauteng office blocks in a related-party deal worth R129 million. Meanwhile, Keir Starmer resigned as British prime minister two years after a landslide victory, gold held above $4,200, and US-Iran talks continued. The message: in a nervous market, strong performance is necessary — but not sufficient.

This episode of BizNews Daybreak covers the US-Iran preliminary nuclear agreement, an FDA panel's approval of Moderna’s new mRNA flu vaccine, and upcoming Fed inflation data threatening further interest rate hikes.

Domestically, Lauren Evanthia discusses a proposed South African cabinet reshuffle and John Steenhuisen's political demotion.

Finally, we analyze the massive capital drain from SpaceX, OpenAI, and Anthropic listings, Amazon’s Prime Day ecosystem strategy, and Dan Dicker’s warnings on critical global oil stockpile drawdowns.

“..We need to reach a point where the people as individuals and as a population are stronger than governing systems, and those governing systems can't be in a position to control; they need to simply govern, build infrastructure, fix roads - not have control and power over people.” That is the call from Lauren Evanthia, the founder of the Organic Humanity Movement (OHM) on the NdB Sunday Show with Chris Steyn as they talk about major developments in the past week: two ward councillors being gunned down in the space of an hour on voter registration weekend; former President Jacob Zuma firing his once powerful daughter, Duduzile, and MKP former spokesperson, her close ally; President Cyril Ramaphosa pondering the Democratic Alliance's (DA's) Cabinet reshuffle requests that sees its former leader, John Steenhuisen, demoted to a deputy minister's post; and Deputy President Paul Mashatile - who is on a working visit in China - seemingly ready to step into presidential shoes while Ramaphosa is doing everything possible to avoid impeachment. They also talk about more corruption being exposed in the South African Police Force (SAPS) with twenty police officers in the Western Cape charged with alleged links to the taxi industry, and Nelson Mandela Bay being ranked the 3rd most violent city in the world.