AGP Executive Report
Last update: 8 hours agoFinancial Sector: South Africa’s plan to let fund managers invest 100% of portfolios offshore is part of a wider push to establish the country as a global financial centre. Retail: Pick n Pay is narrowing losses as its turnaround gathers pace, while online sales surge; the retailer’s next test is sustaining growth as new CEO Spencer Sonn prepares to take over. Pay TV: Canal+ and MultiChoice are cutting DStv prices and simplifying packages from November to win back subscribers amid competition from streaming services. Trade: South Africa’s trade with China is rising after a zero-tariff deal, offering exporters more certainty and an alternative market. Johannesburg: A proposed R16-billion Kopanong precinct aims to regenerate the CBD, as local businesses contend with crime and failing services. Public Finances: Government says its finances have improved and it has identified R11-billion in savings, but the challenge is turning fiscal gains into jobs and better services.
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