BBB Ep19 - Musk's halo restored, Tesla leads Wall Street higher, Bitcoin rebounds; Rates rise in SA, EU; Hain giving Bain pain; ANC's Eskom 2 insanity..

Loading player...
Elon Musk's sale of $1bn worth of Bitcoin didn't tarnish his populist halo for long - last night Tesla shares jumped 10%, leading Wall Street higher. Crypto currencies also shook off its champion's surprise move, to recoup Wednesday's lost ground. Other news covered in this episode of the BizNews Breakfast Briefing includes the impact of sizeable interest rate increases by the central banks in SA and Europe; Peter Hain and Athol Williams get the ear of a forthright UK cabinet minister in their fight to shame SA pillager Bain & Co; and the DA's shadow energy minister exposes the ANC's Eskom 2 idea as a misguided Soviet-inspired Fantasy. Learn more about your ad choices. Visit megaphone.fm/adchoices
22 Jul 2022 12AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Iran war oil surge; Apple sues OpenAI; Endres on SA's fixed investment woes

In today's BizNews Daybreak we cover the escalating US-Iran conflict and its impact on soaring crude oil prices. In South Africa, Dr. John Endres critiques low fixed investment rates, SARU faces backlash over overpriced Springbok tickets, and over 53,000 undocumented foreign nationals are successfully repatriated. Finally, Apple hits OpenAI with…
13 Jul 11PM 18 min

BizNews Edge: Why the IRR's John Endres is more bullish on SA than Britain

John Endres, CEO of the Institute for Race Relations, tells BizNews that the elite consensus defending BEE is cracking, even as its beneficiaries defend it loudest. He points to the Starlink saga - blocked partly over empowerment shareholding while a pricier, slower rival wins state favour - as proof the…
13 Jul 8AM 24 min

A world-first: the bond that pays out when nature wins

In this BizNews interview, Irakli Rekhviashvili sits down with the three people behind FirstRand's R2.5 billion Cape Water Performance-Based Bond, the first time a commercial bank anywhere in the world has tied a bond's payout to nature. The Nature Conservancy's Louise Stafford traces it to 2018, when Cape Town's dams…
12 Jul 8AM 15 min