Business confidence boost; Medupi-Kusile sinking SA; Survé raided; Capitec buys Mercantile; Brexit blame game

Loading player...
In today's business headlines:
South African business confidence increased from the lowest level in more than three decades. A sentiment index compiled by the South African Chamber of Commerce and Industry climbed to 92.4 in September after falling to 89.1.
The Rand strengthened, while more international investors are turning to gold amid global uncertainty.
The Medupi and Kusile power stations are sinking Eskom and South Africa with an anticipated price tag ballooning to R451bn.
The offices of the owner of the Independent Media group, Iqbal Survé were raided by the Financial Sector Conduct Authority (FSCA) in Cape Town yesterday afternoon.
Capitec’s plans to purchase Mercantile Business Bank have been approved with the two banks running independently for now.
The talks between Europe and British Prime Minister Boris Johnson on a new Brexit deal ended in a stalemate. Johnson accused the bloc of adopting a tougher position and the European Council President Donald Tusk responded, accusing Johnson of playing a blame game.
  Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Oct 2019 3PM English South Africa Investing · Business News

Other recent episodes

Grant Abbott: Hope for Fort Hare after VC’s suspension

The suspension of Fort Hare Vice Chancellor Professor Sakhela Buhlungu has been hailed by Grant Abbott, the General Secretary of the National Tertiary Education Union. “He came in as a corruption buster, saying he's going to renew the institution and root out corruption. If anything, he's allowed the corruption to…
1 Apr 9AM 14 min

BNC#8: Rob Hersov Q&A - A brutal reality check on leadership, voters, and the economy

Rob Hersov exposes South Africa’s deepening crisis: weak governance, failing education, and a disengaged electorate. Speakers argue that poor voter understanding and lack of accountability keep destructive policies in power, while real economic drivers go unrecognised. With frustration mounting, solutions range from grassroots action to political funding and international pressure…
1 Apr 5AM 34 min