Oil price shock: What it means for SA; Sasol soars; Musk - 'pedo guy' insult normal in SA; BMF backs Moyo; Eskom advertises for expensive help

Loading player...
The oil price spike has rocked financial markets, with good news and bad news for South Africa.
Sasol jumped 10% on the JSE as investors absorbed the news of drone strikes on Saudi Arabian oil facilities.
South African entrepreneur Elon Musk hired a private eye to dig up dirt on a cave diver who insulted a SpaceX rescue craft, and claims that calling someone a 'pedo guy' is a South African insult that refers to a creepy man rather than a sexual predator.
The Black Management Forum has backed former Old Mutual CEO Peter Moyo in his boardroom battle with former finance minister Trevor Manuel.
Eskom is about to spend a lot more of taxpayers' funds - this time on advisers to help its bosses manage a government bailout package. Learn more about your ad choices. Visit megaphone.fm/adchoices
16 Sep 2019 12PM 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