This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

BBB Ep 26 - Equities take a breather; Oil slips below $100; Coal booms, Thungela profits rocket; China's facing a foreign debt crisis

Loading player...

After going gangbusters in July, share markets in the US (and SA) took a breather yesterday easing back a few points. On the local market, a trading update from coal producer Thungela Resources revealed a 20x jump in its profits for the six months to end June, supporting a surge from R80 to almost R300 in its share price this year. Also in this episode of the BizNews Breakfast Briefing, China is moving back onto centre stage as its Belt and Road initiative hits major obstacles with some recipients of Beijing's loans needing to expand them just to meet interest commitments. Learn more about your ad choices. Visit megaphone.fm/adchoices

2 Aug 2022 12AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: DA's fake doctor, Sky the police dog, SA Sports mafia, Eskom's AI opportunity

A Cape Town councillor who admitted to faking his medical degree is reportedly still in line for a promotion, and political commentator Solly Moeng says the DA cannot say no to this one without starting to look like the ANC it built itself against. Meanwhile, a police dog named Sky…

10 Sep 11PM 19 min

BNC#9 | Masie Q&A: Eskom's extra gigawatts are AI's gateway into SA economy

Stafford Masie says the AI industry is not actually running out of electricity, it is running out of places to plug in. The real bottleneck for OpenAI and Anthropic in the United States is grid connection points that can absorb the violent power swings inference computing demands, without blowing transformers…

10 Sep 11AM 39 min

Four federations, four suspensions. Graeme Joffe says it's a "deeply rooted cancer"

Graeme Joffe started digging into South African sports administration back in 2012, and it cost him his career, his safety, and, he says, his ability to ever go home again. Talking to Alec Hogg, Joffe walked through everything that has unravelled since: the presidents of SASCOC, Athletics South Africa and…

10 Sep 10AM 26 min

Ian Cameron: Another SAPS cover-up exposed!

In this interview with Chris Steyn, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, exposes a huge cover-up over many years of animal maltreatment at the SAPS Roodeplaat Veterinary facility. Speaking following the death of the arson-detection dog Sky, he said: “That hospital, if this is the way…

10 Sep 7AM 18 min

BNC#9 | Shapiro Q&A: SA's ideology problem, reading market signals, and how AI tripled his output

At BNC#9, veteran stockbroker David Shapiro told delegates that AI had roughly tripled his own output, and he is not slowing down at 78. He argued that South Africa's real obstacle is not regulation but ideology, and that it is costing the country a venture capital industry, a functioning collateral-free…

10 Sep 6AM 39 min

All episodes