The Nielsen Network

Stanlib's Chief Economist Kevin Lings believes that inflation has bolted and that Stagflation is a near term reality for the World. That's a situation of high inflation, low growth and high unemployment and with this scenario on the horizon there is no where to hide. Financial markets have been to complacent and everyone thought the free money party would persist for some time to come.

In this episode of the Business of Health Gisele Wertheim Aymes, Founder of The World of Longevity speaks to Dr Vuyane Mhlomi, Co-Founder and Chief Executive Officer of Quro Medical. The company is changing the face of healthcare and using technology to bring hospital -level care to the patient's home. Quro relies on technology to analyze real-time data while monitoring a patients health.  Life healthcare has recently announced an investment in the company.

Be very wary not all is as it seems with the markets. Commodities have come off hard and the Evergrande fallout could lead to financial contagion in the Chinese economy. Our market experts Nick Kunze from Sanlam Private Wealth and Joanne Baynham from Sterling Wealth bring you the sombre lowdown.

Firstrand this week reported robust results with overall performance reflecting the quality of the group’s operating businesses.  

The financial services group comprises of FNB, RMB, WesBank, Ashburton and Aldermore.  

Normalised earnings recovered faster than expected, increasing 54% to R26.6 billion, with ROE and economic profit coming back strongly. FirstRand accreted capital over the period, growing net asset value 10%, which enabled the group to pay a full-year dividend representing a 56% payout.  

Commenting on the results FirstRand CEO, Alan Pullinger, said:  “The level of improvement in the group’s performance demonstrates the quality of FirstRand’s portfolio of businesses and their ability to capitalise on the economic rebound that is taking place.

The star performer of the Firstrand Group is FNB with the bank firing on all cylinders despite the tough economic conditionals. A strong upswing in transactional activity speaks to a more confident consumer and potentially better times to come.

Old Mutual recently reported solid results for the first half of the year with growth in both sales and earnings despite the tough economic conditions. Williamson weighs in on Old Mutual's performance, the future of work and corporate vaccination policies.

He calls a spade a spade, he is not into politicking, he is brave and bold. Thankfully he now heads up South Africa's key leadership grouping: Business Unity South Africa. This is unapologetically Bonang Mohale and he makes me proud to be South African.

Momentum Metropolitan results show record sales and highest ever death claims. CEO Hillie Meyer stated "We are navigating through this challenging period with a strong solvency position and with sufficient liquidity to withstand impacts from the continuously evolving environment."

Discovery is the first SA Company to make vaccines mandatory for its staff.

From 1 October 2021, 4AX is rebranding to become the Cape Town Stock Exchange (CTSE). The group will be relocating to a new head office in Cape Town. The exchange is one of two fully-fledged, licensed and regulated stock exchanges in South Africa, with both an equity and debt listing license. CEO Eugene Booysen is in the C-SUITE