Moody's downgrade fears; MTN slashes prices; Ramaphosa, business brainstorm Covid-19; Capitec; SAA; Kerzner

Loading player...
In today's news headlines:
* South Africa could lose its last investment-grade credit rating. Moody’s Investor Service is scheduled to release an assessment of the country on Friday. The loss of an investment-grade credit rating could lead to heavy fund outflows, battering the rand even further, warns Bloomberg.
* Tributes pour in for Sol Kerzner, one of the world’s most innovative hoteliers, founder of the Southern Sun hotel group, Sun International and Kerzner International, who died at the weekend.
* SAA has suspended all intercontinental flights until May 31 in response to a government travel ban aimed at stopping the spread of the coronavirus outbreak.
* MTN said it would reduce the cost of monthly data bundles of 1 gigabyte (GB) and below by between 25% and 50% from April 15, after a finding that South Africa’s mobile data prices were the highest on the continent.
* As global central banks and governments continue their running battle to allay market fears over the scale of their response, President Cyril Ramaphosa has met with business leaders to discuss ways to contain the economic damage from Covid-19 in South Africa.
* Looking at performances on the JSE, Capitec bounced back by more than an astonishing 40% on Friday after its share price was battered earlier in the week. Steinhoff shed 10%, with coronavirus-imposed lockdowns in Europe impacting negatively on operations overseas. Learn more about your ad choices. Visit megaphone.fm/adchoices
22 Mar 2020 1PM English South Africa Investing · Business News

Other recent episodes

Cityboy is back: his tip to win big in financial services? Trade your soul

A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his…
30 Jul 9AM 32 min

R1-billion blended finance programme to transform real estate

In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build,…
30 Jul 6AM 15 min

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min

Murder, mayhem, treachery, and court battles = SA politics: Solly Moeng

In his latest interview with Chris Steyn, Political Commentator Solly Moeng, talks about four political parties joining in a Constitutional Court bid to try and overturn President Cyril Ramaposa's impeachment committee interdict; a murder investigation into the death of General Sindile Mfazi, who was investigating an unauthorised undercover operation to…
29 Jul 5AM 15 min