Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
Money Market with Chris Gibbons
Eskom scrambles to find cash somewhere, somehow to buy diesel, the price of oil continues to fluctuate, and it looks like another interest rate will be on the cards come Wednesday.
Money Market with Chris Gibbons
S&P Global Ratings affirms a positive outlook on South Africa, Eskom has run out of cash to buy diesel, brace yourself for extensive power cuts, and rising covid numbers in China affect the markets. (Chris Buchanan was standing in for Chris Gibbons)
Moeny Market with Chris Gibbons
Elon Musk's ultimatum to Twitter staff sparks a mass exodus, 800 thousand public servants prepare to down tools next week, and the JSE is dragged into the red. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
Former Old Mutual CEO Peter Moyo’s hopes of claiming millions from his previous employer have come crashing down, the Spar Group has reported a fall in profit for the year to September, and the US causes a wobble on Wall Street. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
Public Enterprises Minister Pravin Gordhan says the deal between South African Airways and Takatso is still "alive", the acting group executive for generation at Eskom is leaving the utility with immediate effect, and a rocket blast in Poland effects global markets. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
Cash-strapped South Africans looking for lower prices boost Shoprite's growth, investment company Brait aims to raise R3.7bn from Premier’s JSE listing, and pressure on the tech sector drags the JSE down. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
The President of the Institute of Civil Engineers says SA is on its way to becoming a 'failed state', and the United Nations Economic Commission for Africa says that leaders in countries investing in fossil fuel infrastructure will leave behind a legacy of debt that will be carried for generations.
Money Market with Chris Gibbons
South Africa's loan agreements from France and Germany to transition away from coal come with interest rates far below what they can secure on the market, and Fiance Minister Enoch Godongwana says government will take several years to bring its wage bill to more sustainable levels
Money Market with Chris Gibbons
Lesaka's latest figures put them on track to profitability once again, a proposed paint merger deal between Plascon and Dulux has been scuppered by the Competition Commission, and South Africa secures loan agreements with France and Germany at COP27.
Money Market with Chris Gibbons
Agnico Eagle Mines and Pan American Silver Corp have clinched a $4.8 billion cash-and-shares deal to buy rival Canadian miner Yamana Gold, the Public Service strike is to start tomorrow, and Sasol plans to begin producing green hydrogen at its facility in Sasolburg by 2023. (Chris Buchanan was standing in…
Money Market with Chris Gibbons
Global inflation could be reaching a peak, Eskom has started taking steps to recover R1.3bn owed by the Emfuleni local municipality, and concern is raised over massive contracts awarded by Sanral to Chinese companies.
Money Market with Chris Gibbons
President Cyril Ramaphoasa is to address co-leaders at Cop27 as well as negotiate for more money from the Just Energy Transition partners, and China's decision to stick to a Covid Zero approach affects the markets. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
VWSA to manufacture a new vehicle at its Kariega plant for the South African and African market, Glencore is fined millions by a UK court for bribing its way across Africa, and the Bank of England raises interest rates again.
Money Market with Chris Gibbons
As expected the US Federal Reserve has raised interest rates again, this will have a knock-on effect, and commodity trading and mining company, Glencore, will have to pay a massive fine after admitting to bribery and corruption deals, part of which saw them deliver cash in private jets to officials…
Money Market with Chris Gibbons
New vehicle sales are up for October, 800 thousand public sector workers prepare to down tools as talks falter, and the markets await the US Federal interest rate decision to be announced at 18:00 GMT today.
Money Market with Chris Gibbons
Transnet lifts the force majeure at its container handling terminals, Moody's changes Eskom's outlook to positive, and the Public Servants Association gets ready to down tools.
Money Market with Chris Gibbons
The big week for the global economy with interest rate decisions from the US Fed and the Bank of England on the cards, and fans of Twitter have their eyes on Elon Musk, as he takes ownership of the social media platform by firing top executives and calling himself the…
Money Market with Chris Gibbons
Tongaat Hulett finds itself in need of business rescue, Woolworths CEO Roy Bagattini abandons the company's plan to dominate the Southern Hemisphere, and Meta is down by 80 billion dollars.
Money Market with Chris Gibbons
The medium-term budget speech delivered a mixed bag which included the announcement that the government will be taking on a substantial amount of Eskom's debt, and government wages are to be increased by 3%.
Money Market with Chris Gibbons
The Minerals and Energy Minister seems to have done an about-turn on his support of fossil fuels, and all eyes are on Finance Minister Enoch Godongwana ahead of today's medium-term budget report. (Chris Buchanan was standing in for Chris Gibbons)