BBB Ep 27 - Bain gets real SA-related pain with 3 year UK ban; Markets fret as Pelosi teases China; 'Generation Moonshot' investors

Loading player...
Bain and Co, the US consultancy which has been brazening out its destructive role in SA State Capture, has been banned from any UK government contracts for three years. The ban is the first concrete steps taken against the Boston-based firm and follows a campaign by SA-born former UK cabinet minister Lord Peter Hain. There has been no sanction of Bain in South Africa, where its business is booming, with the consultancy adding enough fresh Government and private sector contracts to have recently expanded into new offices. Also in this episode of the BizNews Breakfast Briefing, markets are fretting after US House Speaker Nancy Pelosi flew into Taiwan despite threats of retaliation from China. And our partners at the Financial Times share insights into 'Generation Moonshot' - the young investors keeping US stocks relatively buoyant. Learn more about your ad choices. Visit megaphone.fm/adchoices
2 Aug 2022 9PM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min