Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
Money Market with Chris Gibbons
Transnet pours cold water on the proposal to develop a southern rail corridor to the Eastern Cape, government bans scrap metal exports for six months, and Jay Powell hints at a slowing of interest rate hikes.
Money Market with Chris Gibbons
South Africa is no longer the country with the highest unemployment rate in the world, and all eyes are on Federal Reserve Chair Jerome Powell ahead of his monetary policy speech to be delivered later today at the Brookings Institute in Washington D.C. (Chris Buchanan was standing in for Chris…
Money Market with Chris Gibbons
South Arica faces decades of load shedding according to a new study, interesting figures emerge after Black Friday and Cyber Monday, and a bumpy start to the week on the markets.
Money Market with Chris Gibbons
Has global inflation reached its peak? The third quarter unemployment figures are due out Tuesday, and East Asia markets are affected by anti-covid lockdown protests in China.
Money Market with Chris Gibbons
No surprises, interest rates are up by 325bps, annual headline producer price #inflation recorded its third consecutive month of decline, and a German court has announced that the accounting fraud trial of former Steinhoff CEO Markus Jooste will start early next year.
Money Market with Chris Gibbons
We're in for a rough ride as inflation snaps back, this also points to another interest rate hike likely to be announced this afternoon, and PetroSA bails Eskom out with 50m liters of diesel.
Money Market with Chris Gibbons
Can South Africa avoid greylisting? A major strike looms in the public sector, and Old Mutual is looking for a banking license.
Money Market with Chris Gibbons
Eskom scrambles to find cash somewhere, somehow to buy diesel, the price of oil continues to fluctuate, and it looks like another interest rate will be on the cards come Wednesday.
Money Market with Chris Gibbons
S&P Global Ratings affirms a positive outlook on South Africa, Eskom has run out of cash to buy diesel, brace yourself for extensive power cuts, and rising covid numbers in China affect the markets. (Chris Buchanan was standing in for Chris Gibbons)
Moeny Market with Chris Gibbons
Elon Musk's ultimatum to Twitter staff sparks a mass exodus, 800 thousand public servants prepare to down tools next week, and the JSE is dragged into the red. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
Former Old Mutual CEO Peter Moyo’s hopes of claiming millions from his previous employer have come crashing down, the Spar Group has reported a fall in profit for the year to September, and the US causes a wobble on Wall Street. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
Public Enterprises Minister Pravin Gordhan says the deal between South African Airways and Takatso is still "alive", the acting group executive for generation at Eskom is leaving the utility with immediate effect, and a rocket blast in Poland effects global markets. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
Cash-strapped South Africans looking for lower prices boost Shoprite's growth, investment company Brait aims to raise R3.7bn from Premier’s JSE listing, and pressure on the tech sector drags the JSE down. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
The President of the Institute of Civil Engineers says SA is on its way to becoming a 'failed state', and the United Nations Economic Commission for Africa says that leaders in countries investing in fossil fuel infrastructure will leave behind a legacy of debt that will be carried for generations.
Money Market with Chris Gibbons
South Africa's loan agreements from France and Germany to transition away from coal come with interest rates far below what they can secure on the market, and Fiance Minister Enoch Godongwana says government will take several years to bring its wage bill to more sustainable levels
Money Market with Chris Gibbons
Lesaka's latest figures put them on track to profitability once again, a proposed paint merger deal between Plascon and Dulux has been scuppered by the Competition Commission, and South Africa secures loan agreements with France and Germany at COP27.
Money Market with Chris Gibbons
Agnico Eagle Mines and Pan American Silver Corp have clinched a $4.8 billion cash-and-shares deal to buy rival Canadian miner Yamana Gold, the Public Service strike is to start tomorrow, and Sasol plans to begin producing green hydrogen at its facility in Sasolburg by 2023. (Chris Buchanan was standing in…
Money Market with Chris Gibbons
Global inflation could be reaching a peak, Eskom has started taking steps to recover R1.3bn owed by the Emfuleni local municipality, and concern is raised over massive contracts awarded by Sanral to Chinese companies.
Money Market with Chris Gibbons
President Cyril Ramaphoasa is to address co-leaders at Cop27 as well as negotiate for more money from the Just Energy Transition partners, and China's decision to stick to a Covid Zero approach affects the markets. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
VWSA to manufacture a new vehicle at its Kariega plant for the South African and African market, Glencore is fined millions by a UK court for bribing its way across Africa, and the Bank of England raises interest rates again.