Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
Money Market with Chris Gibbons
The brutal strike at Transnet is over, Diskem withdraws an internal memo regarding the hiring of white staff, and the markets heave a sigh of relief as new British Fiance Minister Jeremy Hunt rings in the changes.
Money Market with Chris Gibbons
Satawu rejects Transnet's latest offer while NUMSA has signed an above-inflation deal for its workers, and inflation watchers will have their eyes on the medium-term budget, out this week.
Money Market with Chris Gibbons
Big Business is calling for an end to Transnet's crippling strike, the top international story - a sharp and surprising rally in stocks - another interest rate hike by the US Federal Reserve Bank now looks to be a certainty.
Money Market with Chris Gibbons
The Transnet strike continues as another major downing of tools looms in the civil sector, two important indices are to be released this week, and the markets await today's US key inflation figures.
Money Market with Chris Gibbons
The Transnet strike brings Africa’s biggest port for iron-ore shipments to its knees, the IMF forecast for the year ahead is a dismal one as the ongoing war between Russia and Ukraine continues to wreak havoc on the global economy.
Money Market with Chris Gibbons
The Transnet strike is starting to bite, Business Leadership SA is describing the downing of tools as disastrous" for the country, on a broader front the markets continue downwards and investors remain very skittish.
Money Market with Chris Gibbons
Transnet and trade unions to meet over the crippling strike, a nervous Monday morning on the markets, and the US Federal Reserve Bank looks to raise interest rates yet again.
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.