DA leader quits; Inflation down, SOEs fail audits; ABB flags Eskom payments, Putin eyes Africa; flights resume.

Loading player...
In today's business headlines:
The DA leader Mmusi Maimane has quite the party saying the DA is no longer the party of his vision. Soon after the party's chairperson Athol Trollip also decided to pack it in. The party will meet today to discuss the way ahead.  
South Africa’s core inflation rate fell to the lowest level since 2011 to 4.1% in September down from 4.3% in August, which could raise pressure on the central bank to cut its benchmark rate.
The auditor-general has revealed that irregular expenditure by national and provincial departments amounted to R61.3bn for the 2018/2019 financial year and that less than a quarter of departments and SOEs received clean audits.
Swiss company ABB the maker of robotics and power grids is being probed for suspect payments to Eskom.
Two of the world’s biggest military aircraft landed at Waterkloof Airbase in Tshwane yesterday afternoon as Russian leader Vladimir Putin woos African leaders and
South African Airways and Comair planes are back in the air after some have been grounded when the country’s safety regulator flagged maintenance problems. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Oct 2019 2PM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min