BN Daybreak - Wed 6 May 2026: Trump pauses Hormuz mission; Oil prices retreat; AI Scam defiance; SA fuel hikes

BN Daybreak - Wed 6 May 2026: Trump pauses Hormuz mission; Oil prices retreat; AI Scam defiance; SA fuel hikes

Author: BizNews May 6, 2026 Duration: 13:46
President Trump has paused "Project Freedom" in the Strait of Hormuz to evaluate a potential agreement with Iran, causing oil prices to retreat as US equities reach record highs. Meanwhile, the SEC proposes shifting to semiannual earnings reports, and AMD reports surging revenue driven by AI demand. Locally, BizNews editor Alec Hogg defiantly rejects legal threats from a deepfake scam syndicate, and intelligence analyst Chris Wyatt discusses the "painful" reality of South African fuel price hikes.

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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…