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How Elon Musk's dance can help the SA mining industry

7 January 2020 8:12 PM
Tags:
Investment
Africa business
Chris Bishop
CNBC

Africa business focus brings news from the continent - and news that impacts the continent.

The weekly edition looks at business highlights from the African continent.

Angola has made headlines about relaxing investment regulations and Nigeria is making millions of dollars a day more out of oil sales.

Then there is the matter of the South African-born businessman Elon Musk dancing in China - and how his foray in China may actually help a sector of the SA mining industry.

Angola is trying to diversify away from oil.

Chris Bishop - CNBC Africa

The Nigerian government's benchmark in the budget for sustainable income for the country is 55 dollars a barrel. The last couple of days it's been spiking at 71 and 72 dollars a barrel. Those kind of prices bring 30-odd million dollars into the economy every day.

Chris Bishop - CNBC Africa

Electric cars and hybrids demand a lot of palladium and more than half of it comes from South Africa.

Chris Bishop - CNBC Africa

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7 January 2020 8:12 PM
Tags:
Investment
Africa business
Chris Bishop
CNBC

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