Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
Money Market with Chris Gibbons
Something of a mixed bag this morning, on the upside the IMF has lifted its forecast for growth in SA, and on the downside the Bank of America will be raising interest rates come November.
Money Market with Chris Gibbons
Eskom CEO Mpho Makwana resigns a year into the job, Nissan SA to lay off 400 workers, and oil, gold, and bonds climb due to the attack by Hamas on Israel.
Money Market with Chris Gibbons
The deadly attack by Hamas on Israel has rattled the markets, the US delivers 330,000 new jobs which means higher inflation and higher interest rates for longer, and wherever the US goes, the rest of the world goes.
Money Market with Chris Gibbons
Another 'big cheese' at Transnet is out, more pressure on the rand, and investors await the USA jobs data, out today.
Money Market with Chris Gibbons
The losing streak on the global stock markets seems to be on pause, foreign investor outflows are still a worry and Business Unity SA calls for the Unemployment Insurance Fund to be placed under immediate administration.
Money Market with Chris Gibbons
Two of SA's major retailers begin rationing eggs to customers, SAVA warns of a crisis in the poultry industry, and Dunlop to invest R1.7bn in KZN production plant .
Money Market with Chris Gibbons
Seventy-year-old former CEO Sean Summers to return to Pick n Pay , the FSCA warns the public against Moneyweb-Invest,( NOT to be confused with Moneyweb), and interest rates in the US look to stay higher for longer.
Money Market with Chris Gibbons
Eskom's Kusile unit 3 is back up, Transnet may rehire hundreds of skilled workers, and a North West district municipal manager and businessman is implicated in corruption involving R134 million, including splurging R2 million on two laptops.
Money Market with Chris Gibbons
South Africa likely to be one of the last countries in the world to begin cutting interest rates, Johannesburg drops in ranking as a financial hub, and retail group Spar decides to cut its ties with Poland.
Money Market with Chris Gibbons
Three leading medical aid schemes announce steep increases, the Western Cape alone reports storm damage to the cost of R1.4 billion, and gloom persists on the markets.
Money Market with Chris Gibbons
Global markets remain under pressure due to rising interest rates, Glencore thas begun a retrenchment process at its iMpunzi coal mine, and Discovery enters the home loan market.
Money Market with Chris Gibbons
Eskom suspends load shedding in the Eastern and Western Cape coastal areas as mopping up operations begin, SA's cumbersome skills visa system courts another casualty, and interest rates look to stay higher for longer.
Money Market with Chris Gibbons
Interest rates remain unchanged, the Bank of England and Bank of Japan decide the same - the markets were not happy, and media titan Rupert Murdoch has stepped down as CEP of Fox News.
Money Market with Chris Gibbons
Consumer inflation is up, in the USA the Federal Reserve announced it would hold rates steady and suggested more hikes are ahead - the markets reacted.
Money Market with Chris Gibbons
More calls for Transnet CEO Portia Derby's head, traders ready for interest rate decisions, and Elon Musk points to a possible fee for the use of his social media platform X.
Money Market with Chris Gibbons
Bob van Dijk steps down as CEO of Naspers and Prosus, Marcus Jooste denies knowing about accounting irregularities, and NAMPAK has done a deal to exit Russia.
Money Market with Chris Gibbons
Some good news on the electricity front, Durban's Chamber of Commerce calls for the axing of Transnet's CEO, and Bloomberg reports that world refineries are struggling to produce enough diesel.
Money Market with Chris Gibbons
Stellantis to invest R3bn building a vehicle manufacturing plant at Coega, German consultants have finished their assessment of Eskom's coal utilities, and SA Trade Unions are ready to strike.
Money Market with Chris Gibbons
The plan to reconfigure the structure of the state could be presented to Ramaphosa soon, the sale of SAA is up in the air again, and Transaction Capital sees shares drop, one of the reasons being taxi owners not repaying loans.
Money Market with Chris Gibbons
Inflation expectations fall, SARS reports that tax collections are down, tourism will receive a boost as Club Med officially puts down roots in SA, and Apple's new iPhone 15 launches today.