Rand hit by Moody's; SpaceX tourist ploy; Musk-Gates electric spat; Glencore; Ecsponent

Loading player...
In today's business headlines:
* South Africa’s rising country risk is putting upward pressure on interest rates, even as inflation expectations decline, with credit-rating companies contributing to the negative sentiment, according to the central bank, says Bloomberg. The rand fell through R15 to the dollar as the news was absorbed;
* Elon Musk’s SpaceX will fly up to four paying customers aboard its Crew Dragon under an agreement that opens the way for private space tourism;
* Musk is having a Twitter spat with Microsoft founder Bill Gates, as he is disappointed after Gates bought a Porsche Taycan instead of a Tesla electric car. A Taycan exploded in a Florida garage this week, so perhaps Gates is having second thoughts;
* Climate change and rock-bottom gas prices are taking a toll on Glencore’s coal business, but it's not going to cut loose from the energy source as BHP and Anglo American are planning to do;
* Apple shares fell on Tuesday after the company confirmed that the coronavirus crisis has knocked its sales targets this quarter;
* Investors look set to lose millions as Ecsponent, a company listed on the Johannesburg Stock Exchange, runs into trouble. Learn more about your ad choices. Visit megaphone.fm/adchoices
18 Feb 2020 12PM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min