Five Newsworthy Things in SA 31st October 2019:

Financial News in South Africa 31st October: 1. Medium term budget grim: Yesterday’s medium-term budget was a disappointment on all fronts. The numbers were grim: there’s  a projected tax shortfall of R53bn and the national debt now tops R3trn and may grow to R4.5trn by 2022/23 – or 71.3% of GDP. The finance minister said on […]

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Five Newsworthy Things in SA 30th October 2019:

Financial News in South Africa 30th October: 1. Budget statement released today: The medium-term budget statement will be announced today – and it had better have some concrete plans on how government will deal with Eskom’s debt. 2. Eskom’s rescue plan dissapointed markets: Yesterday’s Eskom rescue plan disappointed the market – the rand weakened in the […]

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Five Newsworthy Things in SA 24th October 2019:

Financial News in South Africa Today: 1. Inflation drops for September: Annual headline consumer price inflation decreased to 4.1% for September, down from 4.3% in August, according to Stats SA. This is in line with the projections of analysts, and within the target range of between 3% and 6% set by the SA Reserve Bank. […]

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Five Newsworthy Things in SA 23rd October 2019:

Financial News in South Africa 23rd October: 1. Some SAA and Comair flights scrapped: The SA Civil Aviation Authority (CAA) says it did not ground planes operated by South African Airways and competitor Comair on Tuesday – but did order those companies to inspect all their aircraft for safety. In a statement released late on Tuesday […]

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5 Tips To Lower Your Car Insurance Costs

Car insurance the grudge purchase that’s not the best to cut in tough times: It’s no secret that insurance is a grudge purchase; until it’s needed. Everyone is trying to lower their expenses in these tough times. While the monthly car insurance debit begins to look like an easy expense to drop – especially since […]

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Five Newsworthy Things in SA 22nd October 2019:

Financial News in South Africa 22nd October: 1. Deloitte accused of corruption by Eskom: Eskom wants Deloitte to pay back more than R207m for two tenders and other work the audit firm secured “improperly” during 2016. “We have promised South Africans that we will be pursuing all ill-gotten funds that were extracted from Eskom during […]

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Five Newsworthy Things in SA 21st October 2019:

Financial News in South Africa 21st October 2019: 1. New energy plan officially released on Friday: The government released its new energy plan on Friday, which projects that by 2030, almost 60% of SA electricity will still be generated from coal  – from 77% currently. Big shifts towards wind power. Wind was only supposed to […]

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Five Newsworthy Things in SA 18th October 2019:

Financial News in South Africa 18th October: 1. More details on Eskom loadshedding: Eskom downgraded load shedding to stage 1, as more units which experienced boiler problems came back online. Mabuza apologised to the nation, especially matriculants who are writing exams and businesses, for the negative impact caused by the unexpected outages. Eskom has blamed […]

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Five Newsworthy Things in SA 17th October 2019:

Financial News for South Africa 17th October: A second day of stage 2 load shedding ahead as Eskom struggles with five power-generating units that were not in use due to boiler tube leaks. Apart from those outages, the conveyor feeding coal from Exxaro’s Grootegeluk mine to the Medupi power station in Lephalale, Limpopo, broke down on Saturday. […]

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Five Newsworthy Things in SA 16th October 2019:

Financial News in South Africa 16th October: The large IT group EOH confirmed yesterday that 46 people – including its own employees and civil servants – were involved in massive fraud with public-sector contracts, including “ghost contracts” to the value of R665 million and overbilling of R180m. The Public Investment Corporation told parliament yesterday that it […]

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