BBB Ep 36 - Oil again drops sharply because Russia beating sanctions; BHP profit boom highlights Anglo's coal blunder; WeWork 2.0; US retailers up, ho..

Loading player...
Russian oil is getting through to users despite Western sanctions, a reality that's starting to dawn on the market and analysts with Barclays yesterday joined Goldman Sachs in sharply dropping its oil price forecast. A record dividend declaration by BHP in its annual results released yesterday highlighted Anglo American's coal blunder. The 26% bottom line surge at 'The Big Australian' was solely due to the higher contribution from its booming coal interests - Anglo bowed to ESG-driven pressure to offload its coal assets through JSE listed ten-bagger Thungela. Also in this episode, quarterlies from US retailers surprise on the upside; lower US housing starts show the market is cooling; and venture capital legend Marc Andreessen invests $350m into the latest business idea floated by WeWork founder Adam Neumann, confirming an unlikely comeback by the Israeli serial entrepreneur.Not much Good at all about De Lille’s Public Works shambles How world sees SA: What happened to Mandela’s dream?The chickens are coming home to roost for Pfizer Learn more about your ad choices. Visit megaphone.fm/adchoices
17 Aug 2022 12AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak - Thu 21 May 2026: Nvidia; SpaceX; Anthropic; Fed Hikes; Oil Shock; SA Infrastructure; Hartley on BRICS

In today's BizNews Daybreak, Nvidia delivers an upbeat sales forecast and multi-billion-dollar buyback plan, while SpaceX prepares for the world’s largest ever IPO. Meanwhile, Anthropic reports surging Claude revenue, and Fed minutes signal potential interest rate hikes. In global affairs, Middle East tensions cause oil market volatility, raising economic risks…
20 May 11PM 12 min

George Glynos - The Rand's Reckoning

The South African rand looks resilient - but George Glynos warns that appearances are dangerously deceiving. In this interview with Irakli, ETM Analytics Co-Founder and Head of Research lays out exactly why the risks are building asymmetrically against the rand - and why complacency could prove costly. On the scale…
20 May 10AM 11 min

Accretiv doubles down on US industrial property | Webinar

Martin Freeman and Justin Clarke unpack why US industrial real estate — particularly “shallow bay” facilities linked to manufacturing and logistics — is emerging as a standout opportunity. They discuss the impact of AI-driven data centre investment, America’s onshoring push, interest rate dynamics, and Accretiv’s latest Alabama acquisition tied to…
20 May 10AM 42 min

Ray Hartley - BRICS loses its clout

BRICS is suffering an identity crisis — and its foreign ministers' gathering in New Delhi has done nothing to resolve it. In this interview with Irakli, Platform for African Democrats custodian Ray Hartley asks the defining question: "What is the point of BRICS?" He warns that the bloc has become…
20 May 8AM 7 min

SA businesses battered by infrastructure instability - Muhammad Ali

Infrastructure failure has become a core business risk in South Africa. In this interview with Chris Steyn, international ISO standards and systems implementation specialist Muhammad Ali warns: “...infrastructure is not just decaying, it's going down the drain to its limit’. He notes that while systems and standards exist, “it's just…
20 May 5AM 14 min