LISTEN: Everything you need to know about this year's Budget Speech
Some consumers will have to dig a little deeper into their pockets to finance their habits as Treasury looks to increase the price of sin taxes.
Business Watch is a daily feature on East Coast Radio - on-air at 06:30 and 18:30, respectively.
The feature is hosted by economist, award-winning radio producer, WR Van Der Merwe.
BUDGET SPEECH 2022
Finance Minister Enoch Godongwana delivered his maiden Budget Speech.
Chief Economist for PwC in South Africa Lullu Krugel joins WR Van Der Merwe on Business Watch to dissect the key points of the 2022 Budget Speech.
Listen to the full podcast below:
DURBAN JULY & HOLLYWOODBETS
The Hollywoodbets Durban July is the flagship event on the East Coast’s KZN Champion Season roster, which will also be the recipient of a major stakes injection of R13 million. The increase in prize money for South Africa's preeminent racing season will apply to both feature and minor races run in the holiday province from 1 March to 31 August.
Devin Heffer Brand and Communications manager of HollywoodBets speaks to WR Van Der Merwe on Business Watch:
GATEWAY - WORLD OF ILLUSIONS
All six of the illusions have been completely redone, although the optical trickery remains the same.
1. Underwater Room
2. Infinity room
3. Ames Room
4. Bottomless pit
5. Upside down room
6. Beuchet chair
Created by Jesse Beuchet in 1963, this illusion is an example of confounded ambiguity. You need to see that pink chair for the illusion to be revealed.
Know before you go:
Date: 18 January until the end of March (TBC)
Tickets: Free
Opening times: Gateway trading hours
Where: Upstairs near Food Republic on the Cinema Level.
Bring: Your smartphone, friends and an abundance of curiosity.
*World of Illusions is a Covid compliant activation that can be fully enjoyed without compromising your health.
Listen to the full podcast below:
THULA ESV'S ELECTRIC 4 X 4
Thula Solutions has partnered with Bloemfontein-based bakkie builder Brandt BRV to develop the first South African-made electric 4×4. The 4×4 is a bespoke product and is called the Thula Electric Safari Viewer (ESV). WR van Der Merwe features Founder and CEO of Thula Solutions Gary Davies on Business Watch.
Listen to the podcast below:
ROYAL CANIN SA
If you are an animal lover, you’ll love Royal Canin South Africa’s Reverse Vending Machine (RVM) recycling initiative at Cornubia Mall in Durban.
You can now deposit recyclable materials and in exchange, Royal Canin will donate pet food to animal shelter beneficiaries across the country.
Listen to the podcast below:
OLX
You might have woken up this morning wanting to scroll through OLX to see the latest classifieds in your area, only to be met with an error.
Naspers launched OLX in South Africa in 2011, competing directly with local classifieds platforms Bidorbuy and Gumtree and now they've shut it down.
PICK 'N PAY & LICENSE DISCS
Due to huge customer demand, Pick 'n Pay today launched its new Vehicle Licence Disc Renewal Service nationally. Customers will now be able to renew their licence disc in over 500 Pick n Pay stores, across South Africa, at an amended service fee of R250.
COCA-COLA & SUSTAINABILITY
The heavy rains across the coast in the last couple of weeks once again revealed a pest in our oceans and rivers - plastic pollution!Tons of plastic materials are littered every year and it seems like governments and producers are turning a blind eye to the problem.
Coca-Cola recently launched its Jamii sustainability platform. The platform will invest in water and waste management, as well as youth economic empowerment.
Recently, South African conservation group the Litterboom Project revealed the severe plastic pollution in the Umhlanga River.
WR Van Der Merwe has more in Business Watch in the podcast below:
PICK 'N PAY & SOCIAL RELIEF OF DISTRESS (SRD) GRANTS
Pick 'n Pay has confirmed it will pay out social relief of distress (SRD) grants for beneficiaries with a Postbank account throughout December, including public holidays and weekends. L
Listen to the podcast below for more details:
COVID-19 FOURTH WAVE & RENTALS
According to an interesting piece on Business Insider, the total number of available rental vehicles across all sectors – cars, 4x4s, and motorhomes – dropped by more than 60% compared to the pre-pandemic year of 2019.
So, how will the 4th wave of COVID-19 further affect these figures?
UBER EATS AND SOUTH AFRICAN CRAVINGS
"Buns ruled the world!"
The most popular orders included burgers, pizza, and chicken.
But, what makes South Africa such an integral part of the UberEats economy? Take a listen below for more interesting information.
The third annual Uber Eats Cravings Report has been released where the most unusual, and some of the most unique delivery order requests are featured.
So, in a time when e-commerce and convenience have reigned supreme, what have South Africans been craving the most?
Listen to the podcast below and click here to see the full report.
Are we heading for R20/ litre of fuel soon?
Chief Operating Officer at leading freight business, Big Foot Express, Denesh Singh said the knock-on effect of the fuel hike would hurt the pockets of consumers.
RSA MADE & BLACK FRIDAY
As we head into the consumer madness that is Black Friday, take a step back and be careful where you spend your money.
Do you know where the product is from? Do you know what impact it has on the environment and on the economy by being manufactured? And in whose pockets will your hard-earned money end up.
RSAMade.co.za is a proudly South African platform that features products that are made in ... South Africa.Business Watch's WR Van Der Merwe features Happy Ngidi, Chief Marketing Officer at Proudly South African.
ESKOM & COAL
Recently a video did the rounds of WhatsApp of a lady filming the massive queue of trucks filled with coal heading for the Mozambique border.
Many might label it as fake news, but it’s not.
The export market for coal remains very important because it creates an economic balance that keeps coal producers profitable while they continue to supply Eskom at low margins - consulting principal coal geologist Lesley Jeffrey
MARKET AGRI & FOODONOMICS
Dr. Johnny Van Der Merwe from Market Agri trends confirms that the price of tomatoes, carrots, onions, certain peppers, Cabbage, and spinach increased recently, BUT, prices of other vegetables might be inflated at the wholesale level because of supply and demand in the market trends show a different picture.
GIBELA & LOGISTICS
It is important that commuter trains waste as little time as possible when leaving platforms, not only to save passengers time when traveling from station to station but also to allow for trains to arrive at the station in quick succession, especially during peak periods.
In order to allow this, the motor that drives the train must be designed to provide high torque at low speed for fast acceleration from the platform, while displaying low torque once the train is running at high speed. Gibela uses traction motors – electric motors that do just this – in its passenger trains. These specially designed traction motors are now being locally produced by Gibela.
Gibela’s passenger trains are designed specifically for South Africa’s gauge tracks. “From the mid-19th century, the 1.067m Cape gauge rail track became widespread in the British Empire.
This was selected in South Africa to reduce the cost of building tracks across and through the mountains found in several parts of the country and is still the predominant gauge in South Africa.
Main image attribution: Unsplash