Trump threatens 100% tariff on Brics nations if they try to replace dollar

Loading player...

GUEST – Prof Patrick Bond - Political economist

US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar.

"The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER," Trump wrote on social media on Saturday.

2 Dec 2024 1PM English South Africa Business News · Investing

Other recent episodes

Generous Xmas gifts and donations can trigger tax obligations.

GUEST – Catherine Fourie, Head of CPD Consortium While many of us love giving and receiving gifts, the South African Revenue Service (SARS) is equally interested in these acts of kindness—especially when they come in the form of large sums of money, luxury cars, or shares. Under South African tax…

7 Jan 11AM 16 min

TECH & INNOVATION - Navigating Tech Careers After Matric.

GUEST – Asif Hassam, Chief Technology Officer at Zaio As matriculants eagerly await their results, the question of "what's next?" looms large for many. In an era where traditional career paths are being redefined, the South African technology sector stands out as a beacon of opportunity. With a skyrocketing demand…

7 Jan 12PM 8 min

Numsa will fight to save jobs affected by closure of ArcelorMittal plants.

GUEST – Phakamile Hlubi Majola – NUMSA Spokesperson The National Union of Metalworkers of South Africa (Numsa) is stepping up to fight the closure of ArcelorMittal South Africa’s long-steel plants, a move that could result in the loss of up to 3,500 jobs. Numsa has expressed deep concern over the…

7 Jan 11AM 21 min

PEP collaborates with FNB to offer 155 000 school shoes vouchers for only 99c.

GUEST – Angela Beukes - Head of Marketing at PEP We shine a spotlight on a groundbreaking initiative that’s set to make back-to-school shopping a little easier for South African families. In an innovative collaboration, PEP and FNB have launched a campaign offering school shoes for just 99 cents—a deal…

7 Jan 11AM 10 min

Why was Capitec Bank charged R56 Million over FICA violations.

GUEST – Chad Thomas- IRS forensic investigator Capitec, the nation’s largest bank by customer base, recently faced significant administrative penalties amounting to R56 million. These sanctions were imposed by the South African Reserve Bank’s Prudential Authority following a series of inspections conducted in 2021 and 2022. The penalties stem from…

7 Jan 11AM 12 min

All episodes