Five Newsworthy Things in SA 29th November 2019:

Financial News in South Africa 29th November: 1. Flight Centre stops selling SAA tickets: Travel group Flight Centre has stopped selling South African Airways tickets, citing “ongoing concerns” about the airline’s financial stability. According to its website, Flight Centre South Africa, a subsidiary of the Flight Centre Travel Group, is the country’s largest travel specialist […]

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Five Newsworthy Things in SA 28th November 2019:

Financial News in South Africa 28th November: 1. SAA at a breaking point: SAA is close to collapse. The department of public enterprises issued a warning last night that due to the strikes SAA has reached a point where the company can no longer continue to operate “as is”. In a statement issued on Wednesday […]

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Five Newsworthy Things in SA 27th November 2019:

Financial News in South Africa 27th of November: 1. President addresses Medupi staff: In an address yesterday, President Cyril Ramaphosa told workers and staff at the embattled Medupi power station six times that Eskom would not be sold off or privatised. The ballooning costs of the Medupi and Kusile coal-fired power stations have put Eskom’s […]

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Five Newsworthy Things in SA 26th November 2019:

Financial News in South Africa 26th November: 1. Eskom threatens power interruption: Eskom will interrupt power to three municipalities in the Free State, including the Mangaung Metropolitan Municipality where Bloemfontein is located, unless it gets paid for the provision of electricity. The other two affected municipalities are the Mafube and Mantsopa local municipalities. The power […]

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Five Newsworthy Things in SA 25th November 2019:

Financial News in South Africa 25th November: 1. S&P downgrades outlook on SA: tandard & Poor’s downgraded its outlook on SA government debt from stable to negative. It has had a “junk” rating on SA since 2017. In a report issued of Friday evening, S&P has SA’s long-term foreign currency rating at BB (Negative) and […]

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Five Newsworthy Things in SA 22nd November 2019:

Financial News in South Africa 22nd November:  1. Repo Rate left unchanged: The monetary policy committee again left the repo rate unchanged at 6.5%. But two of the five MPC’s members voted for a cut. The announcement was made by the central bank’s governor Lesetja Kganyago in Pretoria on Thursday afternoon. Kganyago said three of the […]

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Five Newsworthy Things in SA 21st November 2019:

Financial News in South Africa 21st November: 1. Interest rate day today: It’s interest rate day, and the Reserve Bank’s decision could go either way: a cut or unchanged. The pro-cut debate was strengthened by the latest inflation numbers, released yesterday. Consumer price inflation fell to its lower rate since 2011: 3.7% in October, down […]

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Five Newsworthy Things in SA 20th November 2019:

Financial News in South Africa 20th November: 1. Pravin Gordhan speaks to striking unions: Minister of Public Enterprise Pravin Gordhan has said that no further financial resources can be advanced to cash-strapped flag carrier SAA, after meeting with representatives of striking unions on Tuesday. Members of the National Union of Metalworkers of SA and the […]

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Five Newsworthy Things in SA 19th November 2019:

Financial News in South Africa 19th November:  1. Eskom announces new CEO: In a surprise announcement, Nampak CEO Andre de Ruyter was appointed to head Eskom. The market was expecting Andy Calitz, a South African-born Shell executive and engineer who has managed some of the biggest energy projects in the world. While De Ruyter’s credentials […]

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Five Newsworthy Things in SA 18th November 2019:

Financial News in South Africa 18th November:  1. Union to intensify strike action at SAA: Unions have vowed to intensify their strike action at SAA after mediation failed over the weekend. Meanwhile, the unions also claimed flying with the airline is a safety risk. In a joint statement, the unions said the meeting produced no resolution in […]

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