Tito: Eskom debt = mining, agric sectors combined; Maimane infected by Steinhoff; Petrol price up 18c

Loading player...
As its board of directors weigh their short-list for a new CEO where Andy Calitz (pictured) is a frontrunner, Eskom received welcome support over the weekend from the head of the African Development Bank.
Eskom was also high on the agenda at the ANC’s National Executive Committee meeting where finance minister Tito Mboweni’s explained its debt is the same size as SA's entire min ing and agricultural sectors combined.
On the other side of the political house, Mmusi Maimane, leader of the Democratic Alliance, has become infected with Steinhoff virus after accepting a car from the company’s disgraced former CEO Markus Jooste.
The attacks earlier this month which knocked out half of Saudi Arabia’s production facilities – and pushed the oil price higher – have been blamed for what will be an 18c a litre rise in South Africa’s petrol price. Diesel will rise by 25c a litre. Learn more about your ad choices. Visit megaphone.fm/adchoices
29 Sep 2019 11AM English South Africa Investing · Business News

Other recent episodes

Warren Wheatley breaks his silence on his FSCA debarment

Three trades, R301 in total, and a 20-year ban from the financial sector. Warren Wheatley, the chartered accountant who helped put together the Capitec empowerment deal and went on to found Altvest, now Africa Bitcoin Corporation, broke his silence to Alec Hogg days after resigning as CEO. The FSCA says…
23 Sep 12PM 54 min

Brent Bozell on the US-South Africa breakdown

Six months after warning a Hermanus room full of business leaders that Washington's patience was wearing thin, US Ambassador Brent Bozell returned to BizNews to explain what happened next. Five asks, a 15-day deadline and a six-page reply that, in his words, answered none of them. The result: visa bans…
23 Sep 10AM 40 min

Mchunu, Mrs Matlala, Maumela, Mudzinganyama - and Meyer…

In their weekly chat, Chris Steyn and political commentator Solly Moeng talk about the second seizure of of electronic devices belonging to Special Leave Police Minister Senzo Mchunu; the arrest of tenderpreneur Cat Matlala’s wife, Tskanane; the rape case against suspended Deputy National Commissioner Shadrack Sibiya; the latest testimony at…
23 Sep 6AM 24 min