Eskom sabotaged! Ramaphosa apologises for power cuts, police called in; RMB warning on SA growth; UK election

Loading player...
* President Cyril Ramaphosa put the blame for widespread power cuts on sabotage when he cut short a visit to Egypt to handle the latest Eskom crisis.
* "SA is rapidly becoming a forgotten country and has stopped being talked about as an investment destination,” James Formby, the chief executive officer of FirstRand’s Rand Merchant Bank, has warned.
* The rolling blackouts threaten to tip South Africa’s economy into recession and hobble miners already impacted by community protests and xenophobic violence, says Bloomberg.
* Bloomberg reports that a YouGov survey of more than 100,000 voters put Johnson on course to win a majority of 28 seats, but that’s down from 68 in a similar projection two weeks earlier - and the pollster did not rule out a hung parliament. The pound fell. Learn more about your ad choices. Visit megaphone.fm/adchoices
11 Dec 2019 1PM English South Africa Investing · Business News

Other recent episodes

Corné Mulder says SA could have a new government before 2029

South Africa just joined a short and unflattering list of countries facing individual US visa restrictions, and Freedom Front Plus leader Corné Mulder says he saw it coming from a manifesto launch stage days before it happened. He tells Alec Hogg why he thinks Cyril Ramaphosa's habit of avoiding decisions…
17 Sep 10AM 28 min

GG Alcock says SA's R1-trillion "informal" economy is anything but

South Africa's townships are not a side economy. According to GG Alcock, author of the Kasinomics book series, they're a trillion-rand-plus market that the country's biggest listed companies are already quietly fighting over, from Shoprite's cash-and-carry pivot to Capitec's entrepreneur accounts to Pepkor's handset financing. Alcock, who grew up in…
17 Sep 7AM 49 min

Solly Moeng: BOTH Cyril AND Mashatile are too ill to run the country

In their latest weekly chat, Chris Steyn and Political Commentator Solly Moeng talk about both President Cyril Ramaphosa and Deputy President Paul Mashatile having been declared unfit - because they are too ill - to perform official duties; the US the visa restrictions for certain - still unamed -government officials;…
17 Sep 6AM 16 min