News in South Africa 9th May: 1. Rand remains weak: South Africa’s rand remains in a weak position as it awaits a shift in global markets, says Investec chief economist Annabel Bishop. Despite firming slightly on Monday (8 May) amid a softer dollar, the local unit has been sitting around R18.30/USD for some time. According […]
News in South Africa 18th April: 1. Load shedding vs blackout hours: It’s only halfway through April 2023, and South Africa has already experienced as much load shedding (hours) as almost the entirety of 2022 – and the number of hours of blackouts you experience is worse than ever before. These are some of the […]
News in South Africa 6th January: 1. Rand weakens over red flags: The South African rand has weakened alongside other emerging market currencies as the dollar rebounded this week. On Thursday (5 January), the rand weakened in early trade as investors awaited the monthly purchasing managers’ index (PMI) survey by S&P Global to find clues […]
News in South Africa 22nd September: 1. Gautrain wants motorists to fork out more: Motorists and taxpayers appear set to become the cash cow to enable the government to reduce its percentage of the funding of the multi-billion rand expansion of the Gautrain. Gautrain Management Agency (GMA) CEO William Dachs said on Monday: “We firmly believe […]
