Gibbons unpacks the BRICS Summit, and global markets turn negative ahead of the Federal Reserve Chair Jerome Powell's speech to be delivered today at the Jackson Hole Economic Policy Symposium.
A look at the BRICS Summit currently underway in Johannesburg, interest rates under the spotlight, and Woolworths posts a record profit despite the cost of living crisis.
The first jail sentence is handed down after the 2017 collapse of Steinhoff, President Ramaphosa is cleared of any wrongdoing in the Phala Phala saga, and all eyes are on the upcoming BRICS Summit.
The rate at which food prices are increasing has dropped, Standard Bank reports a record profit, and China's woes continue to cast a shadow over the global economy.
Incompetence or sabotage as the unbundling of Eskom is thwarted, Amazon looks to employ 100 young South Africans, and the markets under pressure over worries about China.
Economic growth is possible if South Africa fixes Transnet and Eskom, SA's jobless numbers have dipped BUT we still have the highest unemployment figures in the world, and the turmoil in emerging markets continues.
On the local front a slew of company results, China's economy is in deep trouble, throw into the mix the effect on the markets of the weekend's primary elections in Argentina and the rouble at an all-time low, and we could be in for a bumpy ride.
Has the international price of oil reached a peak yet? It's predicted another fuel increase is on the horizon, and we continue to deal with a much weaker rand.
South Africa has signed deals with China worth over R37bn, Duncan Pieterse is named as the country's new head of treasury, and President Ramaphosa's 'side hustle' sees him pay a record R3.5 million for a Boran bull.
The Competition Commission thwarts the proposed merger between Vodacom and Vumatel-owner CIVH, Nedbank reports positive figures but says bad debt continues to be a concern.
Spur expects a massive increase in its earnings per share while Impala Platinum is expecting a drop, and taxi violence in the Mother City puts pressure on the rand and causes chaos for tourists.
Citrus farmers in the country want the government to lodge a complaint against the European Union, South Africa says it won’t succumb to pressure from the US to stop using Huawei technology, and ex-Eskom CEO André de Ruyter lands a top job at Yale University.
Fitch explains its reasons for downgrading the US, a move that could have global implications, and Apple sales slump for the third consecutive quarter.
The global markets take a battering following Fitch's surprise decision to downgrade the United States, and a new addition to South Africa's vocabulary - 'grid hogging.'
The rand is under pressure, Elon Musk weighs in on Julius Malema's highly inflammatory and racist antics at the EFF's tenth birthday celebrations, and it's likely the country will miss its budget deficit target.
Sharp fuel increases come Wednesday, NERSA approves one new license, and Eskom COO, Jan Oberholzer, reveals the reason he left the power utility.
31 Jul 2023
2 min
600 – 620
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