SAX bailout scandal; SA pvt sector shrinks; trade war rattles financial markets; JSE gold stocks glisten

Loading player...
Another government entity is at the centre of a money scandal - this time SA Express, which has sucked up more than R1.5bn in taxpayers' funds to cover losses. The Free Market Foundation crunches numbers that will make your eyes water.
President Cyril Ramaphosa and his team have more work cut out for them to fix the broken economy, with the latest purchasing managers index confirming that the private sector is taking more strain.
Trade war talk between China and the US has unnerved global investors. The rand has reflected concerns, while investors have been snapping up safe-haven assets like gold.
JSE-listed gold mining companies have benefited from volatility on global financial markets, and were the big movers at the beginning of the week. Learn more about your ad choices. Visit megaphone.fm/adchoices
5 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