BizNews Daybreak Thursday 11th December - Fed rate cut; Oracle, Uber slump; Mr Price smashed; Eskom on smelter deal
Seize the day with the freshest news you can use to help you conquer another active business day - from the team at BizNews and our global partners. This episode features the latest from the US, where the Federal Reserve cut interest rates for the third successive FOMC meeting, buoying the stock market - but that won't help the mood of Oracle and Uber shareholders, both stocks falling overnight. Locally, it's all gloom in the Mr Price boardroom after the market smashed the share price on the news of the retailer's R10bn European acquisition. More on Eskom's new template for dealing with industry and the Aussie social media ban for under 16s.
-------- Â
24:56
--------
24:56
Roving Reporter Rory Steyn in Brisbane on reaction to Aus social media ban for under-16s
Security expert Rory Steyn reacts to Australia’s groundbreaking move to ban under-16s from social media, explains why tech firms must be held responsible, and argues that protecting teenagers now is as essential as seatbelts once were for road safety.
-------- Â
9:29
--------
9:29
Director’s Cut: Eskom’s smelter lifeline – Agnes Mlambo on saving 15,000 SA jobs
Eskom Distribution boss Agnes Mlambo joins Alec Hogg to explain the emergency power deal with Glencore, Samancor and Merafe that halted mass retrenchments, the brutal economics behind smelter shutdowns, the tense negotiations with Nersa, and why this high-stakes rescue could become a new template for keeping heavy industry alive in South Africa.
-------- Â
15:13
--------
15:13
BizNews Briefing: Kokkie Kooymans’ global warning, Mr Price’s R10bn gamble and Glencore saves jobs
Fund manager Kokkie Kooymans warns of looming global market risks as Mr Price places a bold R9.6bn offshore bet, Eskom’s last-minute deal with Glencore saves 15,000 smelter jobs, Grindrod surges as a Transnet alternative, HCI buys back R650m of its shares, Uzbekistan’s SOE playbook raises eyebrows, and thousands of SA expats regain citizenship through the new online portal.
-------- Â
13:39
--------
13:39
The Editor's Desk - Wed 10 Dec 2025: Eskom’s smelter lifeline — and the ideology holding SA back
Eskom’s talks with Glencore point to a new path for SA industry — but ideology still threatens growth. I unpack what it means for your money.