Скачать или смотреть BN Daybreak: Vodacom takes control of Safaricom; Meta cuts Metaverse spend; Rand breaks R17/$

Vodacom secures control of Safaricom in a R36bn deal , while Meta plans to slash metaverse budgets to focus on AI. The Rand rallies below R17/$ despite US tensions. Plus, FirstRand’s optimistic trading update and Agriculture Minister John Steenhuisen on the foot and mouth crisis.

Timestamps:
00:00 - Intro
00:24 - Markets & the stronger Rand 🇿🇦
01:15 - US stock market performance
02:05 - Meta's surge: Shifting focus to AI
05:47 - Vodacom acquires controlling stake in safaricom
10:24 - Geopolitical context: South Africa and the US/G20
11:34 - FirstRand CEO on the South African economy
15:12 - Dealing with the Foot and Mouth fisease epidemic
16:56 - Strategy consultant and former Springbok Flip van der Merwe

Video production by Ruan Erasmus

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