BN Daybreak - Mon 18 May 2026: China trade; Joburg debt; BEE growth costs; and Soweto youth squash
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In today's BizNews Daybreak, the US and Iran's clash over the Strait of Hormuz continues, while the White House details a massive $17 billion agricultural trade agreement with China.
Locally, Johannesburg faces a severe financial and governance crisis, risking a major Moody's credit downgrade over unfiled audited statements and billions owed to creditors.
Additionally, Solidarity advocates for an end date to race-based BEE policies due to high GDP growth costs, and a Soweto youth empowerment initiative successfully expands its reach far beyond squash.
Locally, Johannesburg faces a severe financial and governance crisis, risking a major Moody's credit downgrade over unfiled audited statements and billions owed to creditors.
Additionally, Solidarity advocates for an end date to race-based BEE policies due to high GDP growth costs, and a Soweto youth empowerment initiative successfully expands its reach far beyond squash.
