News in South Africa 26th February: 1. South Africans are poorer: An analysis of household finances shows that real salaries have deteriorated in 2023, with South Africans going into more financial distress in the final quarter of last year. This is according to Investec chief economist Annabel Bishop, who pointed to data from BankservAfrica that […]
News in South Africa 29th September: 1. Global stocks dropping: World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices nearing $100 a barrel compounded concerns about persistently high global interest rates. There was brief respite from the dollar’s strength in currency markets, but […]
News in South Africa 11th August: 1. SA R500 billion in debt: South Africa will need to borrow R500 billion over the next year, or R2 billion per weekday on average, to fund its current fiscal deficit and refinance maturing debt. This increases the risk of investing in the country and increases borrowing costs for […]
