SA steps in to fix Zim; palladium skyrockets, more to come; Sasol soars; Davos

Loading player...
* Former SA president Thabo Mbeki has stepped into the Zimbabwe crisis. He held talks with Zimbabwean President Emmerson Mnangagwa and opposition leader Nelson Chamisa to try and help end the nation’s political crisis, reports Bloomberg.
* Palladium smashed through $2,000 an ounce to a record as the metal extended a powerful annual advance driven by a sustained global deficit and some analysts expect it to power up towards $2,500 an ounce within six months.
* President Donald Trump is planning to attend next year’s World Economic Forum in Davos, according to four administration officials, while the UK’s Boris Johnson decided to skip the event, says Bloomberg.
* The Sasol share price jumped about 11% on Tuesday on news that it has fixed a significant problem in its US operations that has put a lid on output. Learn more about your ad choices. Visit megaphone.fm/adchoices
17 Dec 2019 10AM 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