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Your 60-second money minute. Today's topic: Holiday Bills Are Due
Your 60-second money minute. Today's topic: Home Sales At 1995 Level
There is a report that comes out every month - that gives a picture of the state of low-income earners. And our finance guru Zinathi is here to tell us about the latest one…See omnystudio.com/listener for privacy information.
Although NOT CONFIRMED YET - But there could be, an Interest Rate CUT tomorrow, from the South African Reserve Bank. This would be the THIRD CUT - since the SARB started CUTTING Rates, in September last year. The EXPECTATION - is for the CUT - to be ANOTHER QUARTER OF A PERCENT. At the PEAK, the Repo Rate was 8.25%. AND If we get a CUT tomorrow, it will be at 7.5%. Remember that the Repo Rate - is the interest rate that the Reserve Bank charges; when it loans the Normal Banks. AND if there’s a reduction - the Prime Rate - will be at 11%. And that is - the DEFAULT Interest Rate - that Banks Charge to us.See omnystudio.com/listener for privacy information.
We haven’t even recovered from December, and our pockets must create more space for petrol, in February? Yup. On the 5th of February. This will be the FOURTH CONSECUTIVE MONTH - of Petrol INCREASES. This PRICE HIKE is BIG though - It will be around 90 cents for Petrol AND over R1 for Diesel.See omnystudio.com/listener for privacy information.
On Monday, you spoke about South Africa possibly being in the firing line, when it comes to Trump imposing tariffs, on goods that the US buys from other countries. But there’s a possible bigger story to that.See omnystudio.com/listener for privacy information.
The Money Minute goes off! We play everyday! 10 questions, 60 seconds.. $1000!See omnystudio.com/listener for privacy information.
There are a few big things that the Financial world will be paying attention to this week. Talk to us about those and their impact on our economy in South Africa - starting with Donald Trump… First of all - Donald Trump is getting INAUGURATED, as President of the United States today. This is now, his FORMAL ADMISSION TO OFFICE. One of the KEY THINGS that Investors & Economists are KEEPING A CLOSE EYE ON - is Trump’s THREAT of INCREASING TARIFFS on goods imported to America.See omnystudio.com/listener for privacy information.
Steel has many uses - including in the construction of buildings, bridges; cars; and so on… The Steel Industry is part of the Manufacturing Sector AND it CONTRIBUTES about 1.5% to our GDP. The Steel industry is the heart of the economy in Newcastle, KZN. One of the biggest steel producers in South Africa is called ArcelorMittal. And it’s decided to CLOSE DOWN the Steel Business in Newcastle and Vereeniging it’s called the Longs Steel Business. They had announced the intention to close it down last year already - But made a u-turn; after opposition of the decision, by a number of Stakeholders, including Unions that have been worried about JOB LOSSES. So the company HAD SAID that - it would work on, turning the business around. But clearly - that has proven, to be an extremely difficult task. ArcelorMittal HAS FALLEN DEEPER, into a loss making position, due to these major factors: Lower global steel prices and that means less revenue. They are also paying more for electricity and logistics. And then there’s, competition from lower priced imports, particularly from China. They’ve been in talks with Government, since 2023 - to try and create policies that would create fair competition between South African made steel AND imported steel - where imports don’t CANNIBALISE our home made steel. But they’re saying that NOTHING has come out - to STRUCTURALLY CHANGE the Industry FUNDAMENTALS. Steel Imports - what is bought by South Africa from other countries - have increased by almost 50% since 2018. But the Steel Exports - what we sell to other countries - have REDUCED by 40%.See omnystudio.com/listener for privacy information.
About 2 weeks ago, we spoke about a Transaction that the Competitor Commission blocked for Vodacom's Fiber business. You're here to give us an update. What's cooking?See omnystudio.com/listener for privacy information.
Black Friday is upon us. What are the trends that are expected to take place? Our finance Guru Zinathi is here to let us in on that See omnystudio.com/listener for privacy information.
The Two Pot Retirement System has been in operation for over 2.5 months now. What are the Stats looking like, as we head to December? our financial bunny Zinathi Gquma is here to let us in on it..See omnystudio.com/listener for privacy information.
Word on the street is that, FlySafair is in danger of getting its wings clipped. What could possibly be that bad?See omnystudio.com/listener for privacy information.
The race between Donald Trump and Kamala Harris is tight. What are experts saying, about what either Presidency could mean, for South Africa?See omnystudio.com/listener for privacy information.
Our financial guru Zinathi Gquma here to break down, the Vodacom Please Call Me Court Case...See omnystudio.com/listener for privacy information.
We're talking CEO salaries today. And the Shoprite CEO Pieter Engelbrecht, has come out - as the HIGHEST PAID CEO in the Retail Sector. How much are we talking here? Our Finance Guru Zinathi is here to take us thought all of it See omnystudio.com/listener for privacy information.
An important figure in the finance world, Tito Mboweni, passed away on Saturday.He's been a very instrumental in matters of the public purse We tallk about the role he played?See omnystudio.com/listener for privacy information.
We've been having discussions about Consumer Prices - and how they don't come down, even when fuel prices have decreased. Our Finance Guru Zinathi Gquma is here to discuss that with us... See omnystudio.com/listener for privacy information.
Can you guess what the best-performing stock of all time is? What happens when you give people $1000/mo for free? France's new left-wing party won the election and wants to tax the wealthy at 90%. Southwest is finally abandoning open-seating.