Wine came south, now South Africans are introducing ‘le braai’ and ‘can-do’ spirit to France – Carel Nolte
Centuries ago, the French Huguenots sowed the seeds of winemaking in South Africa. Now, the tables have turned—South Africans are bringing a taste of their own culture back to French soil. One of them is South African businessman Christo Lindeque, who, along with his wife Elbe, breathed new life into Château de Montfleur, a 15th-century turreted château that had stood uninhabited for decades. The manager of Château de Montfleur, Carel Nolte, told BizNews in an interview that there are now about 30 South Africans living in Nouvelle-Aquitaine, including artists and entrepreneurs who have opened shops. Although French bureaucracy can be challenging, Nolte says the community has been exceptionally welcoming—and the South Africans have even introduced their beloved tradition of ‘le braai’ to the locals.
--------
15:00
--------
15:00
US dollar's 14-year run hits 'immovable' Trump - structural shift underway
Ninety One, managing £130.8bn, released a white paper, “The Unstoppable Dollar Meets the Immovable Mr Trump,” predicting the end of a 14-year US dollar upcycle. Sahil Mahtani, Head of Macro Research, told BizNews the dollar faces an inflection point driven by geopolitics, interest rates, investment trends, and currency interventions. He forecasts a potential 25% decline, signalling a multi-year bear market with implications for asset allocation. Mahtani notes investors are diversifying from US equities, potentially boosting non-US assets in emerging markets and Europe. He says the Chinese renminbi’s global reserve status hinges on China easing capital controls.
--------
13:26
--------
13:26
Lamberti on Sakeliga/Neasa interdicting employee race quotas: An attempt to head off more ANC lunacy
The pot-boiling strategy of destructive ANC economic policies is typified in its approach to employment equity, a quota-based employment system that SA businesses are obliged to implement from September. Sakeliga executive director Russell Lamberti explains why his organisation and Neasa are approaching the courts to block the ANC’s most granular racial policy yet attempted. He spoke to BizNews editor Alec Hogg.
--------
31:29
--------
31:29
South Africa’s R5 trillion loss: Investec’s Mazwai calls for urgent 3–5% growth to close global gap
South Africa’s sluggish economic growth since 2010 has left its citizens 40% poorer than the global average. Osagyefo Mazwai, investment strategist at Investec Wealth & Investment International told BizNews in an interview that the country’s GDP per capita decoupled from global peers in 2010, with growth averaging just 1% annually compared to 4.5% for emerging markets. This has resulted in a nominal GDP of R7.4 trillion today, versus a potential R11.5 trillion had growth kept pace. The R5 trillion shortfall in government revenue could have reduced national debt and funded critical infrastructure, like Eskom’s R400 billion transmission network expansion. He said key barriers to growth are energy shortages, logistics inefficiencies, crime, and an under-skilled workforce and called for urgent government action to stabilise electricity, improve logistics, reduce crime, and enhance workforce skills and to foster a business-friendly environment with less red tape.
--------
13:10
--------
13:10
Wayne Sussman: Mkhwanazi demolition, Mamelodi assassination - and the latest by-elections
In his latest interview with BizNews, Elections Analyst Wayne Sussman explains why KZN Police Commissioner Nhlanhla Mkhwanazi’s Press Conference was “absolutely devastating”. He says the General’s claims “go to the heart of the challenge of the ANC, that President Ramaphosa was going to reform the ANC and course correct after the devastating years of Jacob Zuma leading the ANC”. Intead, “here you have one of his trusted lieutenants, one of his right-hand men, one of the people in the party he's extremely close to, being fingered with the most damning of evidence with ties to the underworld”. He notes that the implicated Police Minister Senzo Mchunu was going to play “a key role in the next election for the ANC to recover all that lost support in KwaZulu-Natal”. Sussman also laments the assassination of African National Congress (ANC) councillor Thabang Masemola in Ward 10 in Mamelodi, saying that “this is becoming too common a feature of Gauteng politics”. Dissecting the latest by-election results, Sussman says the “the DA will say that they are on track on the road to Tshwane, which will be a battleground metro in 2026; uMkhonto weSizwe make inroads in ANC heartland, in Xhosa-speaking heartland; the Freedom Front will say…that they have some hope in the Free State”. He also gives a preview of upcoming elections that could be “really narrative forming on the road to the 2026 local government elections”.
South Africa