Eskom split in 3-5 years; Trade contracts further; Pensioners fight prescribed assets; Naspers targets machine learning

Loading player...
Eskom says it will take three to five years to fully effect a proposed split into three units after which its sole monopoly will be managing the national transmission infrastructure. 
The CPB World Trade Monitor compiled by the Netherlands Bureau for Economic Policy Analysis reports that world trade volumes contracted by 1.4% in June. 
Resistance is growing against the South African’s government’s proposal to re-introduce prescribed asset requirements, where pension funds are forced by law to invest a portion of their assets into government and SOE-issued bonds.
Naspers disclosed at its annual general meeting on Friday that it has identified machine learning and online education as areas of focus for the future. Learn more about your ad choices. Visit megaphone.fm/adchoices
25 Aug 2019 3PM English South Africa Investing · Business News

Other recent episodes

Helen Zille on Joburg, coalitions and the price of power

She said she hadn't exchanged a single word with the ANC about a post-election deal. Helen Zille then told Alec Hogg who she thought was talking to them. The DA's Johannesburg mayoral candidate took on Corné Mulder's claim of a backdoor ANC pact and compared Gayton McKenzie's Patriotic Alliance to…
25 Sep 12PM 34 min

Why Jakkie Cilliers (ISS) guarantees Africa in 2050 will be far more stable than today

At a time when news headlines across Africa highlight political friction, economic distress and security concerns, a guarantee of better times ahead may sound almost provocatively optimistic. Yet Dr Jakkie Cilliers, founder of the Institute for Security Studies and head of its African Futures and Innovation Programme, bases that guarantee…
25 Sep 5AM 35 min

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