SARB will remain independent; Pvt electricity generation step-up; Eskom chair resigns; Zondo, Zuma, Prosus

Loading player...
* The ANC has re-affirmed the independence, role and mandate of the South African Reserve Bank in an annual policy statement.
* In another policy decision, the ANC said solving South Africa’s energy crisis, creating jobs and speeding up land redistribution will top the party’s priority list this year.
* Eskom Chairman Jabu Mabuza resigned from the board of Eskom at the end of last week and apologised for the utility’s inability to meet commitments it made to the President to avoid power cuts until 13th of January.
* Naspers‘s Prosus ambition to become the world’s leading online food delivery business took a major blow at the end of last week as its offer to buy JustEat lapsed. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Jan 2020 12PM English South Africa Investing · Business News

Other recent episodes

BN Daybreak Fri 16 Jan: Trump’s Nobel “Medal”; Farmers boo Steenhuisen; ASML jumps

In this episode of BizNews Daybreak, Alec Hogg covers the intersection of high-stakes global politics and critical local challenges: Trump’s Nobel Moment: Venezuelan opposition leader Maria Corina Machado presents her Nobel Peace Prize medal to Donald Trump at the White House, calling him the “heir to Washington”. US-Taiwan Trade Deal:…
15 Jan 11PM 18 min

BN Daybreak Thurs 15 Jan: Abedian on SA Silence about “21st Century Nazis”; Mining Indaba's back story; Sasol Surges

In this morning's briefing, Alec Hogg unpacks a volatile geopolitical landscape where conflicting reports emerge from Iran—Donald Trump claims de-escalation while internal memos suggest mass casualties. We speak to Iranian-born and bred entrepreneur and former UCT Economics Prof Iraj Abedian, who delivers a scathing critique of the South African government's…
14 Jan 11PM 17 min

BN Briefing: Leaked Iran death toll, US-SA relations, and Equities vs Gold

In this BizNews Briefing, Dr. Iraj Abedian reveals leaked reports of 12,000 deaths in Iran, questioning the South African government’s silence. The Hudson Institute's Josh Meservey analyses Pretoria’s alignment with American adversaries. Plus, David Shapiro discusses the "survival mode" of South African business, and Peter Major explains why equities historically…
14 Jan 5AM 13 min