BN Briefing: SA’s White House flop - 30% tariff set, Mkhwanazi opens Pandora's box, Musk vs Trump

Loading player...
In today's BizNews Briefing, South Africa faces a 30% US tariff, among 14 countries, despite President Ramaphosa’s claims of a successful White House meeting. Plus a potential BRICS surcharge. Joel Pollak told BizNews’ Alec Hogg that tensions stem from South Africa’s land reform policies and its ICJ case against Israel, fueling US perceptions of anti-Americanism. A proposed US bill threatens aid freezes and Global Magnitsky Act sanctions to pressure Pretoria’s foreign policy. The DA’s Ian Cameron demands that Ramaphosa address Police Commissioner Mkhwanazi’s allegations, highlighting a national security crisis. Meanwhile, Elon Musk’s “America Party” proposal raises questions about his rift with Trump, potentially impacting Tesla shareholders further. This, as US markets continue to breach record levels.
8 Jul 2025 7AM English South Africa Investing · Business News

Other recent episodes

Kabelo Khumalo - Inside the Black Market of illegal number plates

A Business Day investigation has pried open South Africa's black market for number plates and found the price of entry close to nothing. In this interview with Irakli, Business Day Deputy Editor Kabelo Khumalo explains how reporters walked out of three Johannesburg establishments with plates after doing just one thing…
3 Jun 7AM 11 min

Spar’s VAT scandal: Unpacking the BDO investigation and corporate fallout

Business Day journalist Nompilo Zulu unpacks allegations of VAT fraud and accounting irregularities at Spar’s Bloed Street Tops store, after a BDO due-diligence report flagged unreliable financials, alleged tax underdeclarations and stock-related concerns. Spar strongly disputes the claims, saying the matter relates to one store and follows a failed bid…
2 Jun 10AM 8 min