Amplats shines; Denel can’t pay staff; Zimbabwe currency anger; Gold keeps running; Brexit will nail Ireland episode artwork

EPISODE · Jun 25, 2019 · 4 MIN

Amplats shines; Denel can’t pay staff; Zimbabwe currency anger; Gold keeps running; Brexit will nail Ireland

from Rational Radio · host BizNews

On the JSE, mining stocks were the big movers upwards, with Angloplat, Implats and Sibanye all gaining about 5%. Gold prices surged to a five-year high on Tuesday, extending gains for a sixth straight session, on the back of expectations of monetary easing by the U.S. Federal Reserve and a subdued dollar. South Africa’s state-owned arms manufacturer Denel will not be able to pay its staff full salaries this month.  Mass protests loom in Harare, where the government has banned the use of foreign currencies. Zimbabweans have been trading in currencies on a black market to survive in the dysfunctional economy. Ireland has warned that it will run a budget deficit of up to 1.5% if the UK exits the European Union (EU) with a "no-deal Brexit Late on Tuesday, the Rand was trading at R14.33 to the dollar, R18.19 to the British pound and R16.30 to the Euro.

Episode metadata supplied by the publisher feed · Published Jun 25, 2019

Embed this episode

NOW PLAYING

Amplats shines; Denel can’t pay staff; Zimbabwe currency anger; Gold keeps running; Brexit will nail Ireland

0:00 4:39

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of Rational Radio?

This episode is 4 minutes long.

When was this Rational Radio episode published?

This episode was published on June 25, 2019.

Can I download this Rational Radio episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!