Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
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)
Money Market with Chris Gibbons
A dam at the abandoned Jagersfontein diamond mine collapsed early Sunday, triggering heavy flooding, damaging property, and killing between 3 and 5 people with the critical question of ownership of the mine still not anwswered, and important data comes out this week both in South Africa and on the world…
Money Market with Chris Gibbons
South Africa's current account has swung to a shocking deficit, the European Central Bank raises interest rates warning of more to come, and Sanlam says short-term insurance claims are higher than those for burglaries - all thanks to Eskom's rolling blackouts.
Money Market with Chris Gibbons
Another blow to the billion rand citrus industry, the latest business index figures suggest we might escape a recession, and Eskom recovers R30m paid unlawfully to former CEO Brian Molefe’s pension fund, and will.
Money Market with Chris Gibbons
South Africa's GDP has contracted in the 2nd quarter of this year as our post-pandemic economic recovery loses momentum, this is not helped by Eskom announcing another round of load shedding, and Mango Airlines may be a step closer to taking to the skies again.
Money Market with Chris Gibbons
A sharp drop in the price of fuel as anticipated, German authorities are probing the SA branch of T-Systems over possible involvement in state capture, and SA's financial services watchdog has fined Praesidium Advisory Services director Craig Massyn R20 million and banned him from the industry for 20 years.
Money Market with Chris Gibbons
Stand by for a sharp drop in the price of fuel, and in the battle for entertainment domination, Amazon reports that its “Lord of the Rings: The Rings of Power” series drew more than 25 million viewers worldwide on its first day, it is purported to be the most expensive…
Money Market with Chris Gibbons
''Corruption is still deeply entrenched at Eskom", the High Court has set aside the Energy Minister's decision to grant Shell a permit to do seismic surveys on the Wild Coast, and manufacturing is looking up.
Money Market with Chris Gibbons
Plans are afoot to create a new state-owned power company, meanwhile, Eskom has announced that load-shedding will be here for the summer, and Aspen signs a ten-year deal with India's Serum Institue.
Money Market with Chris Gibbons
Old Mutual appears to have emerged strongly from the pandemic, Harmony suffers a large share loss, and all eyes still on the US after the closing of the Jackson Hole Economic Symposium.
Money Market with Chris Gibbons
Car sales back to pre-covid levels, Transnet's Brian Molefe and Anoj Singh granted R50k bail, and Walmart has made an offer to buy out the rest of S.A retailer Massmart.
Money Market with Chris Gibbons
The eight major insurance firms raided last week are suspected of competition collusion, SARS targets Gold Leaf Tobacco, and the key message from the Jackson Hole Symposium is that harsh economic times still lie ahead.
Money Market with Chris Gibbons
The Competition Commission raids 8 major insurance companies simulataneously,the National Lotteries Commission chief operations officer resigns under a cloud, and a Paris-based think tank is urging South Africa to reform its tax system.
Money Market with Chris Gibbons
Inflation at a seven-year high, two women, one of them a whistleblower, dismissed from SARS during Tom Moyane's tenure have been reinstated, and the Jackson Hole Economic Symposium gets underway in the USA today.