News in South Africa 30th October: 1. Midterm budget this week: As Minister of Finance, Enoch Godongwana prepares to deliver his mid-term budget speech this week, he said that if the country doesn’t cut expenditure and increase borrowing, it will be out of cash by the end of March 2024. He made the comments at […]
News in South Africa 23rd August: 1. Petrol price spike: Vehicle finance group WesBank says that a weaker rand and rising oil prices are converging to deliver a blow to motorists in September. “As September approaches, the convergence of oil prices and the rand/dollar exchange rate assumes paramount significance in shaping local fuel prices,” the […]
News in South Africa 22nd August: 1. Missteps impact country growth: South Africa is suffering a death by 1,000 cuts from repeated own goals, such as the country’s elevated load-shedding levels, logistical inefficiencies, and financial greylisting. Standard Bank CEO Sim Tshabalala told Newzroom Afrika that the negative impact of repeated missteps by South Africa is […]
News in South Africa 21st August: 1. SA remains neutral: Ahead of the 15th Brics Summit in South Africa, President Cyril Ramaphosa told the nation SA would not be drawn into a contest between global powers. In an address to the nation on Sunday evening, Ramaphosa said the country was committed to a policy of non-alignment. […]
News in South Africa 25th July: 1. Rand makes a comeback: The rand is looking set for a tough week ahead, with US rate hikes likely to weaken the local currency. The rand has been one of the worst-performing major currencies in the world and reached a record high of nearly $20.00/$ in May. The […]
News in South Africa 29th March: 1. Investigation on essential food prices: South Africa’s Competition Commission said it’s investigating the price of a range of essential-food products, after consumers were subjected to “unjustified increases” over the past two years. A probe is being conducted into the cost of goods, including bread, cooking oils, corn meal, […]
News in South Africa 28th November: 1. Organised crime threatens economy: Organised crime is fast emerging as the biggest threat to our economy. It is now more damaging than bad policy or service delivery failures. We are in the grip of an epidemic with large industries from mining to construction being targeted by extortion rackets. This […]
News in South Africa 26th April: 1. Covid infections spiking again: South Africa appears to be heading for a fresh wave of coronavirus infections, though this one is predicted to be less deadly than previous waves. The latest Covid-19 figures report 30,086 active cases, 30 daily deaths and 1,954 new cases. But South Africans can […]
News in South Africa 11th April: 1. Global recession on the cards?: Could the world be headed for another recession? Just as the global economy is bouncing back from the Covid-19 pandemic, a growing list of risks is clouding the economic outlook – although most economists still believe a recession this year is relatively unlikely. […]
News in South Africa 28th December: 1. World economy to surpass $100 trillion: The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Global gross domestic product will be lifted by the continued recovery from […]
