Five Newsworthy Things in SA 28th February 2020:

News in South Africa 28th February:   1. Coronavirus unsettles global markets: The rand hit R15.61/$ after the US market continued to slump overnight, losing more than 4%. Global markets continue to be unsettled about the coronavirus, with oil slumping to its weakest level in a year. 2. Coronavirus case confirmed in Nigeria: Nigeria on […]

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Five Newsworthy Things in SA 27th February 2020:

News in South Africa 27th February:   1. Plans to reduce state employee wage bill announced: Finance Minister Tito Mboweni announced plans to reduce the state employee wage bill by more than R160 billion over the next three years. “Government recognises that public-service employees should be fairly remunerated, but is obligated to balance compensation demands […]

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Mboweni’s 2020 Budget address key factors:

What to look out for in Mboweni’s 2020 Budget address: Finance Minister Tito Mboweni will deliver his 2020 Budget address on Wednesday afternoon as the country battles record-high unemployment, depressed economic growth, the likelihood of tax revenue shortfalls, and grim warnings that South Africa is marching towards a downgrade by Moody’s, the last major ratings […]

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Five Newsworthy Things in SA 26th February 2020:

News in South Africa 26th February: 1. Budget Speech Today: It’s Budget Day! South Africans will know by this afternoon how much more tax pain they will face in the coming year. Finance Minister Tito Mboweni will deliver his 2020 Budget address this afternoon as the country battles record-high unemployment, depressed economic growth, the likelihood of […]

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Five Newsworthy Things in SA 25th February 2020:

News in South Africa 25th February: 1. JSE sees shares plummet: The JSE has just had a nightmare day – as coronavirus concerns, coupled with pre-Budget and economic jitters wreak havoc. The JSE’s index of the forty biggest shares ended the day almost 4.5% weaker – the fifteenth biggest loss since 2000. The JSE’s all-share […]

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Five Newsworthy Things in SA 24th February 2020:

News in South Africa 24th February:   1. No load shedding for today: Eskom says it does not expect to have to implement rotational load shedding on Monday. In a power update the utility said that additional generation units are expected to return to service later in the day. “This will further increase generation capacity […]

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Five Newsworthy Things in SA 21st February 2020:

News in South Africa 21st February: 1. Load shedding to continue till Sunday: Eskom says that stage 2 load shedding will continue until 6 a.m. on Sunday morning due to a loss of additional units. “While we expect three generation units to return to service [on Friday], we lost a further two units last night to […]

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Five Newsworthy Things in SA 20th February 2020:

News in South Africa 20th February:   1. Stage 2 load shedding begins: Eskom has announced that stage 2 load shedding will be implemented from 9 a.m. on Thursday until 6 a.m. on Saturday morning due to a shortage of capacity. The power utility said it was making use of emergency diesel and water reserves to […]

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Investing as a young person:

Investing as a young person: Investing doesn’t have to be complicated. Sadly though when you’re just starting out, it can be a hard ask due to so many competing demands. You also need some basic investment knowledge, which often supplied in high school classes or college. On a positive front: There are more attractive options […]

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Five Newsworthy Things in SA 19th February 2020:

News in South Africa 19th February: 1. Statistics SA board threatens to resign: The South African Statistics Council, an advisory body that endorses the releases of data by Stats SA, has threatened to resign as a measure of last resort if the national statistical agency does not receive more funding and fill frozen posts. The […]

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