BizNews Radio

* 75% of youth in South Africa are unemployed, reports The Times of London.

* FirstRand sees profit rising more than expected, and by at least 35%, after the South African economy rebounded strongly from the early stages of the coronavirus pandemic.

* Anglo American South African coal mines, which will be listed in a new vehicle this week, are worthless given the scale of environmental clean-up costs, according to a research report from short-seller Boatman Capital.

* The rand’s value was helped as offshore investors bought South African stocks and bonds.

* El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele has announced.

* Former finance minister Trevor Manuel, in an interview with the IMF, says the decade under Jacob Zuma wasn’t just ‘lost as though everything was static...the country regressed'.

* 75% of youth in South Africa are unemployed, reports The Times of London.

* FirstRand sees profit rising more than expected, and by at least 35%, after the South African economy rebounded strongly from the early stages of the coronavirus pandemic.

* Anglo American South African coal mines, which will be listed in a new vehicle this week, are worthless given the scale of environmental clean-up costs, according to a research report from short-seller Boatman Capital.

* The rand’s value was helped as offshore investors bought South African stocks and bonds.

* El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele has announced.

* Former finance minister Trevor Manuel, in an interview with the IMF, says the decade under Jacob Zuma wasn’t just ‘lost as though everything was static...the country regressed'.

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The rand is strong - and quite possibly as strong as it is likely to be for some time - which makes it a great time to diversify investments outside South Africa. Andre Cilliers, currency strategist at TreasuryONE, says you may be disappointed if you wait for further rand strength. Even if you took funds offshore at R16 and R17 to the US dollar, keep moving money outside South Africa so that you lower the average cost. He was speaking to Jackie Cameron, in this week's episode of the BizNews Currency Focus.

* This podcast is proudly brought to you by TreasuryONE, South Africa's leading treasury solutions company that unlocks financial value for your business.

Learn more about your ad choices. Visit megaphone.fm/adchoices

The rand is strong - and quite possibly as strong as it is likely to be for some time - which makes it a great time to diversify investments outside South Africa. Andre Cilliers, currency strategist at TreasuryONE, says you may be disappointed if you wait for further rand strength. Even if you took funds offshore at R16 and R17 to the US dollar, keep moving money outside South Africa so that you lower the average cost. He was speaking to Jackie Cameron, in this week's episode of the BizNews Currency Focus.

* This podcast is proudly brought to you by TreasuryONE, South Africa's leading treasury solutions company that unlocks financial value for your business.

In this podcast, South Africa's favourite market watcher David Shapiro provides perspective on the three big stories of the moment - drawing on the wisdom earned through decades of experience in the markets.

In this podcast, South Africa's favourite market watcher David Shapiro provides perspective on the three big stories of the moment - drawing on the wisdom earned through decades of experience in the markets.

Learn more about your ad choices. Visit megaphone.fm/adchoices

This morning's debut by new JSE listing, coal mining group Thungela Resources, was tarnished by a research report claiming the company has massively understated liabilities and is essentially worth zero. Tungela's share price lost 10% from early trading levels. The parade-rainer came in the form of a 39-page research report from Boatman Capital, which reckons SA's new legislation on mining rehabilitation will swallow more that the Anglo American coal division spinoff is worth. In this podcast, Thungela CEO July Ndlovu argues the Boatman report is fatally flawed because it assumes draft legislation will be enacted in its current form. He says neogtiations with government, which have already lasted six years, are far from finalised. Veteran mining analyst Peter Major also weighs in.

This morning's debut by new JSE listing, coal mining group Thungela Resources, was tarnished by a research report claiming the company has massively understated liabilities and is essentially worth zero. Tungela's share price lost 10% from early trading levels. The parade-rainer came in the form of a 39-page research report from Boatman Capital, which reckons SA's new legislation on mining rehabilitation will swallow more that the Anglo American coal division spinoff is worth. In this podcast, Thungela CEO July Ndlovu argues the Boatman report is fatally flawed because it assumes draft legislation will be enacted in its current form. He says neogtiations with government, which have already lasted six years, are far from finalised. Veteran mining analyst Peter Major also weighs in.

Learn more about your ad choices. Visit megaphone.fm/adchoices

News agency Bloomberg quotes two reliable sources that SA's health minister Zweli Mkhize has been given three options by his boss: resign; step aside while the corruption probe continues; or be fired in the next reshuffle. In this podcast, political commentator and Medical Brief editor William Sanderson-Meyer provides background to the R150m scandal and suggestions on what is likely to happen next.

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News agency Bloomberg quotes two reliable sources that SA's health minister Zweli Mkhize has been given three options by his boss: resign; step aside while the corruption probe continues; or be fired in the next reshuffle. In this podcast, political commentator and Medical Brief editor William Sanderson-Meyer provides background to the R150m scandal and suggestions on what is likely to happen next.