News24 | Business Blitz: The week’s big stories in 90 seconds

Lots of corporate and court action this week in the business world.

Graphic: Mihle Mdashe/News24. Image credit: Luke Daniel/News24; Nora Carol Photograpy/Getty Images; Jason Marz/Getty Images; Omnia/Supplied

The JSE is to bleed another listing as Solar makes a tantalising offer for Omnia, brace for impact as interest rates might go up, and Cape Town communities are up in arms over data centres. We’ve packaged the top stories as videos for those who want a 90-second take. Enjoy!

• For more financial news, visit News24 Business. 
  

Pain or gain? Interest rate decision approaches

It’s a good thing SA Reserve Bank Governor Lesetja Kganyago isn’t much fazed about wowing the crowd. If the monetary policy committee raises the interest rate on 23 September, debt-ridden consumers will be upset. If he doesn’t, the central bank’s credibility will be questioned. There ain’t no winning with this one.

READ MORE

• Rate hike next week now looks likely – but not certain
• Europe’s largest fund manager to SA: Hike rates or lose trust
  

Military fund leaves retired soldiers out in the cold

About 21 000 military veterans risk losing their health cover, and they are heading to court.

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• Retired soldiers fear losing medical cover as military health fund falters

Tetra Pak turning trash into treasure

One of the biggest frustrations for environmentally conscious consumers has always been how many forms of packaging cannot be recycled – from polystyrene trays to multilayered packages for crisps, dog food and more. Tech is catching up, though, as a new Tetra Pak recycling initiative shows.

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• New Tetra Pak machine gives SA cartons a second life as tiles and pipes

Error 404: Justice groups oppose Cape Town data centres

Data centres – can’t live with them, can’t create cute AI cat pics without them. Follow the latest court application against a hyperscale data centre in Cape Town.

READ MORE

• Civic groups appeal Cape Town approvals for huge data centres near airport
• Data centres are becoming big business in SA. What do we know about them?
  
• Data centre giant in SA on tax, power, and sovereignty
• Brutus Mogotlo | AI data centres could make electricity more expensive
• Why data centres are becoming the factories of the digital age
  

Omnia share explodes after deal news

SA explosives and fertiliser manufacturer Omnia is being bought at a premium to its local market valuation, and analysts are selling this as a massive local success story. Downside? Omnia will delist, and the buyer, Indian giant Solar, won’t seek a secondary listing on the JSE.

READ MORE

• Omnia set to leave JSE as R22bn takeover seals spectacular turnaround
• Indian explosives giant makes R22bn cash offer for Omnia

Missed last week’s Business Blitz? Catch it here

About these videos: We have used an AI tool to convert our own reporting into quick takes on our top business articles. We are not replacing real human reporting with bots – we’re still analysing the data, doing the interviews, and writing text ourselves. AI does help eliminate typos, though! Your feedback is welcome.

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