Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
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.
Money Market with Chris Gibbons
Talks between Eskom and trade unions set to continue tomorrow, another credit rating downgrade on the horizon for SA, and a global food crisis looms as the war in Ukraine rages on.
Money Market with Chris Gibbons
Stage 6 load shedding impacts businesses across South Africa as the country reels from the worst run of Eskom's rolling blackouts. The cost to the economy is estimated to run into billions.
Money Market with Chris Gibbons
A steep interest rate hike predicted when the Reserve Bank meets next week, inflation one of the factors contributing to record low consumer confidence, more petrol price increases, a possible recession, and ongoing load shedding all contributing to SA's economic woes.
Money Market with Chris Gibbons
Has a deal been struck between Eskom and the trade unions? Stage 6 load shedding hits the rand and government bonds, and economists warn of a ratings downgrade.
Money Market with Chris Gibbons
Naspers and Prosus dominate this morning's report, not only did the share prices of the two companies increase sharply, but record volumes traded on the JSE on Monday - all on the back of Tencent's share buyback plans.
Money Market with Chris Gibbons
Eskom's credit risk is soaring as it continues to battle a wage dispute with trade unions, and sugar giant Tongaat Hulett's bid to implement a R5 billion recapitalization plan looks to be in tatters.
Money Market with Chris Gibbons
The SA Citrus industry facing a perfect storm, according to the Citrus Growers Association CEO, and the government's egregious attack on the plant-based food industry an "insult to the consumer" and a waste of tax payers' money in a rapidly growing market.
Money Market with Chris Gibbons
A steep interest rate hike on the cards for SA, wage talks between Eskom and NUMSA stall, and the markets remain mixed as a recession in the US looms.
Money Market with Chris Gibbons
Local airline FlySafair plans to add ten routes across Sub-Saharan Africa, MTN is ramping up its rollout of 5G, and Elon Musk says a recession in the USA is an inevitability.
Money Market with Chris Gibbons
South Africa's economic activity bounces back, the ministerial task team adopts a plan of action aimed at resolving the unrest in the road freight sector, and Discovery Bank moves its member's benefits to SAA.
Money Market with Chris Gibbons
Which way for the markets? The worlds wealthiest suffer losses and the price of brent crude oil drops.
Money Market with Chris Gibbons
The US Central Bank and the Bank of England target inflation by raising interest rates, and SA's Freight Industry demands government takes action against protestors.
Money Market with Chris Gibbons
The NMB Business Chamber appeals to NERSA to step in, citing no faith in the municipality to manage electricity supply to the city, nationally business confidence has dropped, and the Supreme Court of Appeal confirms that government was wrong to ban the sale of tobacco products during lockdown.
Money Market with Chris Gibbons
The carnage continues on the global stock markets, a comprehensive new strategy could offset the scourge of load shedding by 2023, and the return of Grand Prix racing to Kyalami on the cards.
Money Market with Chris Gibbons
The markets continue to head South, the Financial Times front-page lead speaks of London and the US heading for a recession next year with more interest rate hikes expected in the US and no doubt, here too.