Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
Money Market with Chris Gibbons
We can look forward to a significant drop in the price of fuel Wednesday, will we look back on July as the month during which the markets turned decisively? Two things are certain - we need to get inflation under control and interest rates will rise again.
Money Market with Chris Gibbons
The SA Government has lodged a dispute with the World Trade Organisation over 'draconian' new measures imposed on citrus imports by the EU, Anglo American cut its interim dividend Thursday over a drop in earnings and revenue, while back home producer price inflation hit a record high for June.
Money Market with Chris Gibbons
The numbers are staggering, Eskom, already saddled with R396 billion debt, will need at least R990 billion to fund new-generation and distribution capacity, the US Feds raised interest rates as expected, and there could be some good news for SA motorists at the pumps soon.
Money Market with Chris Gibbons
The IMF has slashed its global growth forecast and raised inflation projections, on the back of this Unilever has raised prices by 11 % globally, and Telkom's outgoing CEO scores massive payouts.
Money Market with Chris Gibbons
President Ramaphosa has unveiled his much-anticipated plan to end the country's energy crisis, as part of the plan he also wants to encourage businesses and households to install rooftop solar and connect to the grid, and South Africa has formerly requested the extradition of the Gupta's from the UAE to…
Money Market with Chris Gibbons
Is government moving to deregulate the price of petrol in our country? A lot of wait and see as we also ask can Eskom keep its promise of no load shedding until at least 29 July, and will Russia honor the agreement signed last week to reopen Black Sea routes…
Money Market with Chris Gibbons
SA households will come under further strain as the Reserve Bank announced its biggest interest rate hike in 20 years, the European Central Bank has raised its interest rate for the first time in over a decade, and Italy's prime minister Mario Draghi resigns after his government collapses.
Money Market with Chris Gibbons
South Africa's consumer inflation rate has jumped again to its highest rate in 13 years, this will no doubt impact the outcome of this afternoon's Reserve Bank meeting ,and Eskom is planning to charge solar PV users tied to the national grid a monthly tariff.
Money Market with Chris Gibbons
If things stay the way they are South African motorists and commuters could be in for a pleasant surprise next month, Scatec is starting construction of its solar and battery project in the North West, and Twitter wins a motion to go to trail against Elon Musk.
Money Market with Chris Gibbons
Global markets are somewhat choppy at the moment, Apple plans to put the brakes on hiring in 2023 as inflation in the US hits a 40-year high, and at least 40 branches of SARS countrywide have been forced to close due to staff strikes.
Money Market with Chris Gibbons
SASOL to declare a force majeure on the supply of petroleum products, all eyes are on Ramaphoasa as the country awaits the unveiling of his plans to save Eskom, and the Reserve Bank to meet Thursday - expect another interest rate hike.
Money Market with Chris Gibbons
The SARS strike is starting to bite, lobby group Business Unity South Africa has released a plan to solve the energy crisis, and the Italian government said to be on the brink of collapse.
Money Market with Chris Gibbons
Is a strike in the car sector imminent? The state to target so-called 'mafia groups' compromising Eskom's operations, and inflation rates hit an all-time high in the USA.
Money Market with Chris Gibbons
The dominos are beginning to fall - four Eskom employees have been arrested for corruption, a possible strike in the public sector is moving closer, and the markets remain steady.
Money Market with Chris Gibbons
Ramaphosa to announce a comprehensive plan to tackle the energy crisis, SA's citrus industry facing losses as a new EU regulation kicks in, and a difficult day on the markets as Chinese internet giant Tencent is fined once again.
Money Market with Chris Gibbons
The spotlight on credit agencies as South Africa's position remains challenging, Elon Musk faces legal battle after calling off Twitter deal, and fears of another lockdown in China rattles the markets.
Money Market with Chris Gibbons
Bidvest has bought the Australian cleaning services group BIC for R1.8 billion, MediClinic 's board has approved a fourth take-over offer, and the pound firms on the back of Boris Johnson's resignation.
Money Market with Chris Gibbons
The National Planning Commission wants the Eskom crisis declared a national emergency, former Eskom CEO Brian Molefe ordered to pay back over ten million plus interest to the power utility, and interest rates predicted to rise again.
Money Market with Chris Gibbons
Eskom's wildcat strike is over as a 7% wage increase and an additional R400 housing subsidy is accepted by the trade unions, this will cost the embattled energy supplier a whopping R1 billion extra a year - where will that money come from we wonder? And the price of oil…
Money Market with Chris Gibbons
Business braces for record price fuel increases, Naamsa warns government to adapt motor vehicle policy, and trade unions to respond to Eskom's wage offer later on today.