BizNews Radio

Currency strategist and director at TreasuryONE, Andre Cilliers dissects exactly what is happening in the foreign exchange markets with specific focus on the ever volatile rand. The rand has benefitted from an extended commodity bull run which has seem to have run its race with commodity prices having moved steadily lower over the prior weeks. This saw a sharp pullback in the rand against all the major currencies, however, the rand has still managed to outperform everyone's wildest expectations during the Covid era. Andre says the rand is in a good place and assures one that there is not too much to be concerned about.

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Anti-apartheid activist Lord Peter Hain lambasts the efforts of authorities all over the globe, outlining that there are many institutions that helped facilitate the widespread corruption and money laundering during the Gupta’s years of power. He deems these institutions as responsible for aiding and abetting wholesale corruption. The Gupta family are reported to be living in Dubai or India and of recent, the South Africa authorities have asked the International Criminal Police Organisation (Interpol) to assist with the arrest of the Gupta brothers and their wives.

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Anti-apartheid activist Lord Peter Hain lambasts the efforts of authorities all over the globe, outlining that there are many institutions that helped facilitate the widespread corruption and money laundering during the Gupta’s years of power. He deems these institutions as responsible for aiding and abetting wholesale corruption. The Gupta family are reported to be living in Dubai or India and of recent, the South Africa authorities have asked the International Criminal Police Organisation (Interpol) to assist with the arrest of the Gupta brothers and their wives.

Dr Daniel Israel joined the BizNews Power Hour, to outline the reality of what’s going on in Covid-19 wards across the country. People with severe symptoms often wait hours for a bed – and it’s not just the elderly and those with comorbidities suffering anymore.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; mining veteran Peter Major on Anglo and BHP sale of Colombian coal mine to Glencore; Dr Daniel Israel on realities of the third Covid-19 wave in SA, TreasuryONE's Andre Cilliers with this week's currency focus and the BizNews Power Hour Team.

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In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; mining veteran Peter Major on Anglo and BHP sale of Colombian coal mine to Glencore; Dr Daniel Israel on realities of the third Covid-19 wave in SA, TreasuryONE's Andre Cilliers with this week's currency focus and the BizNews Power Hour Team.

Dr Daniel Israel joined the BizNews Power Hour, to outline the reality of what’s going on in Covid-19 wards across the country. People with severe symptoms often wait hours for a bed – and it’s not just the elderly and those with comorbidities suffering anymore.

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Expert market analyst David Shapiro joined the BizNews Power Hour for yet another insightful discussion on Mr Market’s latest movements. Most prominently discussed was Anglo American and BHP Billiton’s sale of its Colombian thermal coal assets to Ivan Glasenberg’s Glencore for R8.3bn, which Shapiro believes makes all three companies look attractive. Also on the line was veteran mining analyst Peter Major. Both experts gave Glencore’s purchase the thumbs up. Shapiro, a ‘commodity optimist’, believes that those companies that ‘sell a machine that makes a noise or needs big tires’ are those that are going to benefit and is particularly impressed by Afrimat, Raubex and Invicta - to name a few.

Expert market analyst David Shapiro joined the BizNews Power Hour for yet another insightful discussion on Mr Market’s latest movements. Most prominently discussed was Anglo American and BHP Billiton’s sale of its Colombian thermal coal assets to Ivan Glasenberg’s Glencore for R8.3bn, which Shapiro believes makes all three companies look attractive. Also on the line was veteran mining analyst Peter Major. Both experts gave Glencore’s purchase the thumbs up. Shapiro, a ‘commodity optimist’, believes that those companies that ‘sell a machine that makes a noise or needs big tires’ are those that are going to benefit and is particularly impressed by Afrimat, Raubex and Invicta - to name a few.

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* South African business owners are bracing for hard times after the government tightened restrictions to limit the spread of Covid-19.

* President Cyril Ramaphosa’s administration is facing widespread criticism because less than 1% of the population has been fully inoculated against Covid-19.

* South African consumer confidence declined in the second quarter after the government ended increased social welfare payments and temporary relief measures for workers who lost their income because of the coronavirus pandemic, reports Bloomberg.

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