Wet coal extends loadshedding; SAA’s bailouts can’t continue; Cricket SA loses sponsor; Teflon Musk

Loading player...
In today's business headlines:

Stage 2 load shedding is set to continue this week, after Eskom has been battling to keep the lights on since the end of last week.

South African Airways can’t keep counting on bailouts. That was according to Public Enterprises Minister Pravin Gordhan who told the Sunday Times that the national carrier would need to slash costs and boost revenue after pledging another R2bn of support to keep it operating.

Cricket in South Africa is facing an uncertain future after Standard Bank opted not to renew its sponsorship deal and the chief executive officer of the governing body was suspended over allegations of misconduct.

Traders are standing by for the US Federal Reserve and European central banks last policy decisions of 2019, the outcome of British elections and trade negotiations to set the tone for emerging markets in 2020; and

An American Jury has decided that South African born billionaire, Elon Musk did not defame a British cave diver by calling him a “paedo guy” in a post on Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices
8 Dec 2019 11AM English South Africa Investing · Business News

Other recent episodes

Andy Calitz on Eskom, the job he didn't get, and what came next

He was on the shortlist to run Eskom and lost out to André de Ruyter. Years later, Andy Calitz, who ran South Africa's transmission grid before a career that took him from Shell to Gazprom's control room and the helm of LNG Canada, still thinks about it most weeks. In…
25 Sep 3AM 55 min

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