BizNews Radio

In today’s BizNews Daybreak, President Trump heads to Beijing for a trade summit alongside Nvidia’s Jensen Huang and Elon Musk.

The Senate confirmed Kevin Warsh to the Fed’s Board of Governors, while analysts debate an "AI bubble" amid Anthropic’s $30 billion funding talks.

Plus, South African retailer Boxer discusses its expansion against Walmart, and we take a look at the impact of AI on global labor productivity.

On this episode of BizNews Daybreak, President Trump rejects a "garbage" peace deal from Iran as tensions escalate in the Strait of Hormuz.

Domestically, Boxer CEO Marek Masojada outlines the retailer's aggressive expansion into the liquor market despite economic pressures.

We also cover Kevin Warsh’s nomination to lead the Federal Reserve, Trump’s high-profile trade mission to Beijing, and critical safety advice for South African whistleblowers.

Discount retailer Boxer is accelerating its expansion strategy with 50 new stores added over the past year and a growing focus on liquor outlets attached to supermarkets. In an interview with BizNews, Marek Masojada says the retailer remains confident in its low-cost model despite mounting pressure from rising energy costs and intensifying competition. With a new KZN distribution centre now online, strong cash generation and plans for 60 more stores, Boxer is betting big on value-conscious South African consumers.

Fresh pressure builds for President Cyril Ramaphosa as a Constitutional Court ruling on the Phala Phala matter sparks talks of a constitutional crisis and potential impeachment.

Globally, President Trump labels Iran’s latest nuclear proposal "totally unacceptable" while the UK and France prepare a defensive naval mission in the Strait of Hormuz.

Meanwhile, whistleblower Cynthia Stimpel shares the heavy personal cost of exposing corruption at SAA, and fintech founder Ryan Passmore highlights the "missing middle" crisis in South African student funding.

In his latest interview with Chris Steyn, US intelligence analyst, retired Colonel Chris Wyatt comments on the latest developments in the trouble-hit presidencies of South Africa’s Cyril Ramaphosa and US President Donald Trump. With African National Congress (ANC) officials in crisis meetings this weekend over the possibility that he could be impeached for Phala Phala, Col Wyatt charges: “... somebody should be in prison for this. This is bigger than Watergate in America. This is money laundering by a sitting president, potentially.” As for Trump stuck in a war he started: “Col Wyatt says: “...the answer here now is…rendition. It's Delta Force. Seal teams…grabbing these guys and rendered…that's the only way this is going to end, I think. They're not going to come to the table…this ceasefire has become a farce.” Col Wyatt also shares what he believes will be on the agenda for private discussions when Trump visits China soon. Lastly, he reveals that some South African refugees have suffered racist abuse which he vows to expose.