BN Daybreak - Mon 18 May 2026: China trade; Joburg debt; BEE growth costs; and Soweto youth squash

BN Daybreak - Mon 18 May 2026: China trade; Joburg debt; BEE growth costs; and Soweto youth squash

Author: BizNews May 18, 2026 Duration: 14:11
In today's BizNews Daybreak, the US and Iran's clash over the Strait of Hormuz continues, while the White House details a massive $17 billion agricultural trade agreement with China. Locally, Johannesburg faces a severe financial and governance crisis, risking a major Moody's credit downgrade over unfiled audited statements and billions owed to creditors. Additionally, Solidarity advocates for an end date to race-based BEE policies due to high GDP growth costs, and a Soweto youth empowerment initiative successfully expands its reach far beyond squash.

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Author: Language: English Episodes: 100

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Joburg audit setback exposes R9.5bn bad debt burden [not-audio_url] [/not-audio_url]

Duration: 7:52
Johannesburg’s financial crisis is deepening, with the Auditor-General revealing R9.5 billion in losses driven largely by electricity theft, water leaks and weak governance. An infrastructure backlog now estimated at R20…