African Bank plans to cut 1,200 jobs in major overhaul & Eskom Green approved for liftoff
About this episode
The episode discusses African Bank's job cuts and restructuring, Eskom's renewable energy plans, and import duties on frozen vegetables.
Stephen Grootes speaks to Stuart Theobald, Executive Chairman of Krutham, about African Bank's sweeping restructuring plan after the lender announced it could cut up to 1,200 jobs and close around 90 branches. Following a series of acquisitions, mounting losses, and a leadership shake-up, the bank is under pressure to restore profitability and reset its long-term strategy. In other interviews, Rivoningo Mnisi, Eskom renewables group executive talks about government approval for Eskom Green as a standalone subsidiary and how it plans to attract private investment to deliver up to 32GW of renewable energy capacity by 2040. In other interviews, Ayabonga Cawe, Chief Commissioner of the International Trade Administration Commission (ITAC) talks about the Commission's decision to keep the import duty on frozen mixed vegetables unchanged at 10% despite calls from local producers for a sharp increase in tariffs. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top…
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