Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
Money Market with Chris Gibbons
The Transnet strike is declared illegal by its management and a force majeure is declared at all its ports. As noted by the Minerals Council the decline in Transnet's capacity has already cost the mining industry R50 billion in lost opportunities in 2022 alone.
Money Market with Chris Gibbons
South Africa has submitted its revised energy plan, Google is launching a cloud region in Mzansi, its first in the continent, and Opec Plus is trying hard to keep oil prices above $90 per barrel.
Money Market with Chris Gibbons
Transnet is moving to strike this week, Anglo American Plc and Electricite de France SA form Envusa Energy to develop wind projects in SA, and in a blow for Apple, phone chargers are to be standardized across Europe from 2024.
Money Market with Chris Gibbons
Ongoing power cuts bring factory productivity to a record low across SA, Naspers cancels an R85 billion rand deal with Indian company BillDesk, and the "bear killer" month of October is off to a relatively good start.
Money Market with Chris Gibbons
The NPA adds McKinsey to its R398m Transnet corruption trial, Eskom's Mandy Rambharos quits at a crucial time, and investors start the month licking their wounds.
Money Market with Chris Gibbons
National Treasury has banned Bain & Co. for 10 years, the Auditor-General's head of human resources is fired, and the Special Investigating Unit's probe into corruption at the National Lotteries Commission continues to uncover the siphoning of millions meant for good causes.
Money Market with Chris Gibbons
Stage 15 load shedding looms, Mercedes Benz wants SA's electric car policy fast-tracked, and Britain in turmoil over new MP Liz Truss's unfunded tax cuts.
Money Market with Chris Gibbons
Eskom to get a new board, more dismal unemployment figures released by Stats SA, and 1.6 million work days lost due to strike action.
Money Market with Chris Gibbons
Eskom to get a new board, more dismal unemployment figures released by Stats SA, and 1.6 million work days lost due to strike action - is Eskom or the Trade Unions our worst enemy?
Money Market with Chris Gibbons
The rand comes under pressure due to load shedding with Ramaphosa warning that rolling blackouts will not be going away anytime soon, and the pound dips to a record low causing no confidence letters to roll in for PM Liz Truss.
Money Market with Chris Gibbons
SA billionaire Johann Rupert’s investment vehicle, Remgro, is planning to sell its stake in the local energy giant TotalEnergies, and investors are bracing for another week of market mayhem.
Money Market with Chris Gibbons
No surprises as the week ends with another interest rate hike by the Reserve Bank in a bid to fight rampant inflation - the underlying cause - the war in Ukraine.
Money Market with Chris Gibbons
The Federal Reserve has increased interest rates by 0.75%, SAA could face liquidation, and Treasury says carbon tax on businesses to remain in place.
Money Market with Chris Gibbons
A full-blown public service strike is moving closer, small businesses are battling thanks to Eskom, and all eyes are on the US Federal Reserve Bank ahead of their meeting this week.
Money Market with Chris Gibbons
Global markets look to be rebounding on the back of the US Federal Reserve Bank's decision, but, South Africa continues to take pressure due to load shedding with worse to come.
Money Market with Chris Gibbons
How much worse is it going to get for Eskom? And as a consequence for us? Sekunjalo Group of Companies’ bank accounts will remain open after the Western Cape High Court reserved judgment in Nedbank's appeal, and the US Federal Reserve Bank to announce an interest rate hike this week.
Money Market with Chris Gibbons
Financial services group FirstRand has declared its highest ever annual dividend, Eskom is pushing for NERSA to approve a 32% rate hike, and the World Bank warns of the possibility of a global recession.
Money Market with Chris Gibbons
French billionaire Vincent Bollore’s media empire has nearly doubled its stake in SA's MultiChoice following a collaboration between the two on local productions, SA Express has been placed in final liquidation, while Mango remains in business rescue.
Money Market with Chris Gibbons
The markets are somewhat jittery after US inflation figures released were higher than expected, this will have a knock-on effect globally, and as if that wasn't enough, mining production is down, hampered by load shedding, logistical constraints, and higher production costs.
Money Market with Chris Gibbons
Eskom's maintenance plan is "not up to scratch and is not yielding the desired results, load-shedding will be with us for at least another year, and the owners of the abandoned Jagersfontein Mine established. (Chris Buchanan was standing in for Chris Gibbons)