BizNews Briefing – SA & Iran relations; Eastern Cape property; West Africa turmoil; Notre Dame

This BizNews Briefing covers pivotal global and local stories. Alec Hogg interviews Iraj Abedian on South Africa's deepening ties with Iran. Bronwyn Nielsen explores Eastern Cape investment opportunities, including a R109 billion green ammonia project. The Sahel region's reliance on Russian mercenaries takes the spotlight, alongside updates on Notre Dame's reopening and JSE market movements..Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here..The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here..Watch here.Listen here.BizNews Reporter ___STEADY_PAYWALL___.BizNews Briefing Highlights.Iran-South Africa Relations:Alec Hogg conducted an in-depth interview with Iraj Abedian, CEO of Pan-African Capital, exploring South Africa's close ties with Iran. Abedian, a respected thought leader and Iranian-born economist, provided insights into the complexities of this relationship..Eastern Cape Property Investment Opportunities:Attention shifts to Nelson Mandela Bay, where two significant projects are set to transform the region:.A light commercial manufacturing plant by Peugeot to serve Africa and the Middle East.A R109 billion investment in a green ammonia manufacturing facility.Denise Van Huyssteen, CEO of the Nelson Mandela Bay Commercial Chamber, highlighted the potential these projects bring to the Eastern Cape..Sahel Region Unrest:The Sahel region remains unstable, with Mali, Burkina Faso, and Niger relying on Russian mercenaries to maintain power. The Financial Times' West African correspondent, Anu Adeoye, provided updates on this volatile situation..Notre Dame Reopening in Paris:Notre Dame Cathedral's official reopening ceremony will take place on Saturday, with 50 heads of state, including U.S. President-elect Donald Trump, expected to attend..Market Update:.The JSE showed mixed performance:Industrials rose 0.75%, financials gained 1.1%, while resources dipped.The Top 40 ended 0.67% higher.Currency overview: Bitcoin remained above $96,000, USD/ZAR at 18, and GBP/ZAR at 23.Notable stocks:Gains: Karoo (+6%), Absa (+3.5%), and Tiger Brands (+3.5%).Losses: Alphamin (-7%), Coronation (-4%), and Exxaro (-2.75%).Key news:Tiger Brands reported positive results for the 12 months to September.Super Group sold its majority interest in SG Fleet Group, boosting its stock by 15%.Signia declared a dividend, ending 0.75% higher..Read also:.CR insults the intelligence of all South Africans – Glynnis BreytenbachBizNews Briefing: Cilliers Brink with latest on Tshwane, Jhb; Comrades Collective triumph; Overpriced Wall StRising nationalism and the unravelling of the US-led global order: Marc Champion

BizNews Briefing – SA & Iran relations; Eastern Cape property; West Africa turmoil; Notre Dame

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