The world is changing fast and to keep up you need local knowledge with global context.
An update from South Africa’s exponential growth marvel, Naspers, as Alec Hogg spends half an hour with the group’s CEO Bob van Dijk and its CFO Basil Sgourdos to talk about numbers, strategy, exponential growth and the past decade’s 23% Internal Rate of Return on its investments excluding the astonishing Tencent.
Economists estimate that Saudi Arabia’s decision to allow women to drive could add as much as $90 billion to the country’s economic output by 2030. That’s about what the country will earn from its ground-breaking listing of 5% of Aramco, the state-owned oil company that taps the world’s biggest oil reserves.
The vaunted plan to improve South Africa’s fiscal position took a blow on Friday when Treasury announced that the agreed upon 6% to 7% increases for public sector workers were higher than the 4% envisioned in the mini-budget. The budget shortfall will amount to R30.2 billion over the next three years.