5,000 die of Covid-19 in SA; interest rate cut looms; Prosus play for EBay classads; Old Mutual

Loading player...
In today's news headlines:
* 5,000 people are reported as having died from Covid-19, but the figure is believed to be far higher in provinces like the Eastern Cape.
* South Africans will be paying close attention to a Reserve Bank meeting on 23 July when the base rate may be cut, leading to a further chop in interest rates.
* Prosus, owned by Naspers, has made a big play for EBay's classifieds business.
* The Zimbabwe government has targeted a large mobile phone company, Econet Wireless, accusing it of money laundering. This follows a move to get Old Mutual delisted from the Harare stock exchange in connection with 'economic sabotage'. Learn more about your ad choices. Visit megaphone.fm/adchoices
19 Jul 2020 8AM 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