Five Newsworthy Things in SA 30th September 2019:

Financial News in South Africa 30th September: Tito Mboweni defended Treasury’s growth plan and promoted the idea of selling state-owned companies in a presentation at the ANC’s National Executive Committee. Read more. The price of 95 octane petrol will go up by 18 cents a litre, while 93 will cost 4 cent less a litre […]

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Five Newsworthy Things in SA 27th September 2019:

Financial News in South Africa 27th September: SAA pilots are threatening their first-ever strike. They are demanding the appointment of a “skilled permanent CEO”. The association said that among the demands it had previously shared with SAA leadership was the appointment of a skilled permanent CEO who has experience in turning an airline around,  the […]

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Labour court ruling on bank strike today

Update: The banking strike has been interdicted. Banking union Sasbo has been interdicted from proceeding with what would have been the biggest banking strike in 99 years, the Labour Court in Braamfontein ruled on Thursday morning.  More details at: https://www.fin24.com/Companies/Financial-Services/breaking-banking-strike-interdicted-labour-court-rules-20190926 Details prior to update: The labour court will rule on Thursday as to whether the banking […]

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Five Newsworthy Things in SA 26th September 2019:

Financial News in South Africa 26th September: The rand broke through the R15/$ for the first time in three weeks on Wednesday amid growing concern about conflict between the US and China. The markets now hold little hope of a trade agreement when the US and China meet next week. The Labour Court will on Thursday […]

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Five Newsworthy Things in SA 25th September 2019:

Financial News in South Africa 25th September: The Labour Court should rule today whether a planned strike by the biggest union in the banking sector, Sasbo, can go ahead on Friday. As many as 50,000 workers could take part, and Sasbo has warned that ATMs and branches will be affected. More. On-again, off-again Old Mutual CEO […]

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Five Newsworthy Things in SA 23rd September 2019:

Financial News in South Africa 23rd September: The big economic headlines in South Africa this week will be the employment numbers for the second quarter, and the producer price index for August, both expected on Thursday. Following the resignation of a key director, Nombulelo ‘Pinky’ Moholi, last week, all eyes will be on Old Mutual […]

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Five Newsworthy Things in SA 20th September 2019:

Financial News in South Africa 20th September: As expected, the SA Reserve Bank’s monetary policy committee left the repo rate unchanged at 6.5%. The prime rate will remain 10.25%. While the monetary policy committee was encouraged by moderating inflation, and expressed concerns about the economy, the committee was unanimous in its decision. Read more. Cell C’s […]

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Five Newsworthy Things in SA 19th September 2019:

Financial News in South Africa 19th September: The US central bank cut its interest rates last night, which helped the rand recover to R14.66/$ overnight. A lower US interest rate makes the rand, which earns a fat interest rate by comparison, look more appealing. All hope for a rate cut today is basically dashed after […]

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Five Newsworthy Things in SA 17th September 2019:

Financial News in South Africa 17th September: Brent crude oil jumped 13% yesterday to almost $68 a barrel after drone attacks on Saudi Arabian oil facilities. Sasol’s share price rallied 10% in reaction. The overwhelming majority of Naspers shareholders chose to get shares in its new tech company Prosus, rather than more Naspers shares. Investors representing […]

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Five Newsworthy Things in SA 16th September 2019:

Financial News in South Africa 16th September 1. On Thursday, the Reserve Bank will announce its decision on interest rates. Economists are not expecting a rate cut. 2. The other big news this week could come from a cabinet meeting on Wednesday, where key decisions may be made on the future structure of Eskom, and […]

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