BBB Ep 31 - Biden's $50bn chip investment, but Mr Market frets over bad news from Taiwan; Palantir plummets; Musk sells another $7bn in Tesla; Gold pr..

Loading player...
Plenty to catch up on after SA's public holiday yesterday, but little of it is encouraging. US stock markets are fretting over downbeat reports from New York listed chip makers and corporate America's anger at Joe Biden's economic package announced yesterday. The share price of BizNews portfolio favourite Palantir lost 20% in two days despite the company beating analysts' revenue projections for the second quarter because its forecast for Q3 is well below what they had pencilled in. On a broader front, investors are worried by news from Taiwan that security officials want Apple's supplier Foxconn to sell its $800m stake in a Mainland China chip-maker. On the brighter side in this morning's BizNews Breakfast Briefing, the JSE was lifted on Monday by gold producing shares, especially long-time laggard Anglogold, which reacted positively to the rising bullion price and the Rand has picked up a lot of ground against its major crosses.SA’s new generation entrepreneurs: Meet township baking mogul Refiloe Rantekoa – with GG AlcockThe dynamo called Grace Harding – creating a collective to fight for restauranteurs against ‘divide and rule’ landlords Learn more about your ad choices. Visit megaphone.fm/adchoices
10 Aug 2022 1AM English South Africa Investing · Business News

Other recent episodes

Rubio’s visa move a blunder: FW de Klerk Foundation appeals to Washington to reconsider

The Trump administration has escalated its pressure on South Africa, with Secretary of State Marco Rubio announcing new visa restrictions over land expropriation laws and racial discrimination against the Afrikaner minority. Christo van der Rheede, executive director of the FW de Klerk Foundation, calls it a profound strategic blunder, one…
18 Sep 9AM 17 min

How Alec Hogg's 45 years in journalism culminated in BizNews and its loyal "tribe"

This interview was livestreamed on Conscious Caracal on 11 September 2026. Find Ernst van Zyl's Conscious Caracal Podcast here: https://www.youtube.com/@UCeNFLCUJ2lM1S_H32ICVs4w Before BizNews, there was a bank job Alec Hogg quit within three years, a company called Moneyweb he built from a room above his garage and then lost control of,…
18 Sep 9AM 49 min

Corné Mulder says SA could have a new government before 2029

South Africa just joined a short and unflattering list of countries facing individual US visa restrictions, and Freedom Front Plus leader Corné Mulder says he saw it coming from a manifesto launch stage days before it happened. He tells Alec Hogg why he thinks Cyril Ramaphosa's habit of avoiding decisions…
17 Sep 10AM 28 min