Five things you need to know about SA today

1. Forget recession. The new buzz word is stagflation — and that’s what we’ve got, say economists in this News24 story, which is frankly a little too complicated for self-styled plonkonomists such as myself. So here’s the simple explanation: the term comes from stagnation and inflation and means we’ve got a stagnant business climate and low economic growth but high inlfation. A bit of a poser really.

2. Business Day, however, has written a handy, accessable little opinion piece on the problem. It’s well worth a read here.

3. SABMiller has announced a R6-billion BEE deal, whereby  they are selling 10% of its SA business to employees, black-owned licensed liquor retailers and liquor licence applicants. Read the story at Engineering News here.

4. SA’s most aggressive media company, Naspers, has done rather well on the back of recession-proof pay-TV in its annual results. The best insight into the company and its very smart head honcho, Koos Bekker, comes from a transcript of Alec Hogg’s interview with Bekker from Moneyweb’s SAfm radio show. Click here to read. 

5. And while on annual results, Moneyweb’s own are very interesting to read. Highlights include that earnings were hit by having to pay what seems a rather large sum in a British law suit after Mineweb defamed a Russian businessman, that  the global financial crisis spelled an increase in users and that plans for the year include offering online comparisons for consumers on car and home insurance from 10 financial  institutions.  Cool! Bring it on, I say. Read about the results here at Moneyweb.

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