Business confidence boost; Medupi-Kusile sinking SA; Survé raided; Capitec buys Mercantile; Brexit blame game

Loading player...
In today's business headlines:
South African business confidence increased from the lowest level in more than three decades. A sentiment index compiled by the South African Chamber of Commerce and Industry climbed to 92.4 in September after falling to 89.1.
The Rand strengthened, while more international investors are turning to gold amid global uncertainty.
The Medupi and Kusile power stations are sinking Eskom and South Africa with an anticipated price tag ballooning to R451bn.
The offices of the owner of the Independent Media group, Iqbal Survé were raided by the Financial Sector Conduct Authority (FSCA) in Cape Town yesterday afternoon.
Capitec’s plans to purchase Mercantile Business Bank have been approved with the two banks running independently for now.
The talks between Europe and British Prime Minister Boris Johnson on a new Brexit deal ended in a stalemate. Johnson accused the bloc of adopting a tougher position and the European Council President Donald Tusk responded, accusing Johnson of playing a blame game.
  Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Oct 2019 3PM 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