This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Reaction to SA's R11.4bn loan - state's 'poor' spending track record in the spotlight

Loading player...

South Africa's government has a putrid record of spending money wisely. Dr Lumkile Mondi from the Wits School of Economics and Finance is cautiously optimistic the R11.4bn World Bank loan will be prudently allocated, but warns the vultures must be kept at bay if the loan is to have any impact. Learn more about your ad choices. Visit megaphone.fm/adchoices

25 Jan 2022 11AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Mark Pincus on consumer AI; SA election violence; and the Strait of Hormuz

The Zynga founder and OpenAI investor can't understand why analysts cap consumer AI at $500 billion in what he sees as a $6 trillion market - he thinks that gap is exactly where the real opportunity lies. Oil spiked as Iran struck a cargo ship in the Strait of Hormuz…

25 Jun 11PM 17 min

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…

25 Jun 7AM 9 min

DA supports ANC to pass R71bn Metro budget, political hits, by-elections result | Wayne Sussman

In the latest edition of The Electoral Road Show, Chris Steyn and elections analyst Wayne Sussman talk about Ekurhuleni finally managing to pass a R71-billion budget thanks to the Democratic Alliance (DA) supporting the African National Congress (ANC). Sussman warns: “...we know the Freedom Front did far better in Ekurhuleni…

25 Jun 4AM 13 min

BN Daybreak: Bafana Bafana makes history, Phala Phala updates, and the AI chip boom

South Africa made World Cup history as Bafana Bafana beat South Korea to reach the knockout stages for the first time ever. Oil slides for a fourth straight session on Iran deal oversupply, and Micron surges 11% on AI chip demand. The bigger question hanging over the morning: what has…

24 Jun 11PM 16 min

Bafana Bafana's moment of truth: Every path to the World Cup knockouts — and how likely each one is

Bafana Bafana are one result away from making World Cup history — but the path to the Round of 32 is complicated. With one point from two games and South Korea standing in their way on Thursday morning (3 AM SA time), Hugo Broos' men still have multiple routes through…

24 Jun 10AM 13 min

All episodes