Eskom green shoots; Altron’s Bytes UK listing; Anglo American rebound; Clicks online boost; Slower African recovery

Loading player...
In today's business headlines:
- Eskom anticipates that its performance would improve by December this year due to what CEO Andre de Ruyter called adequate reliability maintenance, but Eskom could not eliminate the risk of load shedding going forward.
- Altron’s share price jumped by 13,93% on the JSE after the news that it was proceeding with plans to list its Bytes UK subsidiary which was a leading IT software provider, on the London Stock Exchange.
- American Plc said its mining operations have continued to recover from the early impact of the coronavirus pandemic, with production of diamonds and platinum rising sharply.
- South African drugstore Clicks Group reported a 13.7% increase in annual earnings despite the Covid-19 pandemic, as the company continued to operate during the lockdown because it was categorised as an essential service.
- Sub-Saharan African economies face a slow recovery from the coronavirus pandemic and the region’s economic growth will fall behind the rest of the world next year, according to the IMF. Eskom green shoots; Altron’s Bytes UK listing; Anglo American rebound; Clicks online boost Learn more about your ad choices. Visit megaphone.fm/adchoices
22 Oct 2020 10AM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min