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Susan Seminsky

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Flash Rundown: SA govt reaches pay handle unions; Transnet cyber attack; Mango suspends flights

Flash Rundown: SA govt reaches pay handle unions; Transnet cyber attack; Mango suspends flights

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Listen on iTunes  South Africa’s government said it reached an interim pay deal with unions representing a majority of civil servants, averting the threat of an imminent strike. The Ministry of Public Service and Administration has not specified the terms and duration of the deal. The government needs to curb spending on civil-servant wages to meet…
Band-Aids aren’t enough; we require reform– TreasuryONE’s Andre Cilliers

Band-Aids aren’t enough; we require reform– TreasuryONE’s Andre Cilliers

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Currency strategist Andre Cilliers of TreasuryONE joins Alec Hogg in this week’s Currency Focus to discuss what South Africa will have to do to attract investors who decide to disinvest following the KZN unrest. Cilliers says one explanation for the rand holding firm (despite the riots) could be a delayed reaction from business owners. “I…
Bitcoin bros– “we were required to run away South Africa”

Bitcoin bros– “we were required to run away South Africa”

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Known as the ‘Bitcoin brothers’, Ameer and Raees Cajee raised eyebrows across the globe when the siblings allegedly disappeared with over $3.6bn in Bitcoin and other cryptocurrencies. However, in an affidavit, Raees has said that the narrative of he and his brother fleeing the country is simply not true. According to MyBroadband, the 23-year old…
Kumba’s amazing run is absolutely nothing except a fairy tale story

Kumba’s amazing run is absolutely nothing except a fairy tale story

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Kumba Iron Ore’s performance over the past five years or so has been nothing short of remarkable. Given that resource counters are price takers, this phenomenal rise has all to do with the robustness of the iron ore price over the period. At the beginning of 2016, Kumba was briefly trading below R30 per share…
Kevin Durant should bring problematic Group U.S.A. to 4th straight Olympic gold medal

Kevin Durant should bring problematic Group U.S.A. to 4th straight Olympic gold medal

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With just under seven minutes left in the third quarter of the final Group A game of the men's Olympic basketball tournament, United States star Kevin Durant lost his handle on the ball. As it slipped away from him, his team held a mere six-point lead over the Czech Republic. He'd broken an impressive record and had played…