Has a deal been struck between Eskom and the trade unions? Stage 6 load shedding hits the rand and government bonds, and economists warn of a ratings downgrade.
Naspers and Prosus dominate this morning's report, not only did the share prices of the two companies increase sharply, but record volumes traded on the JSE on Monday - all on the back of Tencent's share buyback plans.
Eskom's credit risk is soaring as it continues to battle a wage dispute with trade unions, and sugar giant Tongaat Hulett's bid to implement a R5 billion recapitalization plan looks to be in tatters.
The SA Citrus industry facing a perfect storm, according to the Citrus Growers Association CEO, and the government's egregious attack on the plant-based food industry an "insult to the consumer" and a waste of tax payers' money in a rapidly growing market.
Local airline FlySafair plans to add ten routes across Sub-Saharan Africa, MTN is ramping up its rollout of 5G, and Elon Musk says a recession in the USA is an inevitability.
South Africa's economic activity bounces back, the ministerial task team adopts a plan of action aimed at resolving the unrest in the road freight sector, and Discovery Bank moves its member's benefits to SAA.
The US Central Bank and the Bank of England target inflation by raising interest rates, and SA's Freight Industry demands government takes action against protestors.
The NMB Business Chamber appeals to NERSA to step in, citing no faith in the municipality to manage electricity supply to the city, nationally business confidence has dropped, and the Supreme Court of Appeal confirms that government was wrong to ban the sale of tobacco products during lockdown.
The carnage continues on the global stock markets, a comprehensive new strategy could offset the scourge of load shedding by 2023, and the return of Grand Prix racing to Kyalami on the cards.
The markets continue to head South, the Financial Times front-page lead speaks of London and the US heading for a recession next year with more interest rate hikes expected in the US and no doubt, here too.
Is Ramaphosa "mortally wounded"? The Public Protector announces a probe into the saga of the missing money from his game farm in Limpopo, and the rand is looking stronger, all thanks to Japan's Mrs. Watanabe!
Elon Musk threatens to abandon Twitter deal, the arrest of two of the Gupta brothers makes headlines, and Ryanair defends its bizarre Afrikaans language test.
The mining strike is over, African Media Entertainment shows strong post covid recovery, and Standard Bank's Chief Engineering Officer resigns with immediate effect.
Comair's suspension of flights enrages passengers, NAAMSA reports that vehicle sales are down, and Elon Musk orders Tesla staff to return to the office or else!
Comair suspends flights as it scrambles to raise additional funding, SA consumers and businesses granted a last-minute reprieve at the pumps, and the unemployment rate drops marginally.
Eskom's CEO slams government's cap on private power generation while load-shedding continues to hammer the economy with more bad news to come as economists predict a massive fuel price hike.
31 May 2022
2 min
760 – 780
Agree to storing cookies on your device.
Cookie preferences
iono.fm may request cookies to be stored on our device. We use cookies to understand how you interact with us, to enrich and personalise your experience, to enable social media functionality and to provide more relevant advertising. Using the sections below you can customise which cookies we're allowed to store. Note that blocking some types of cookies may impact your experience.