News in South Africa 12th January: 1. SA to pay back R28 billion: Nations in Sub-Saharan Africa have been locked out of international debt markets for 22 months now, and investors are increasingly betting the drought will soon end as countries seek funding for a slew of principal payments coming due this year and next. […]
News in South Africa 22nd December: 1. Lights on over festive season: “We will have a festive season with the lights on,” Electricity Minister Kgosientsho Ramokgopa said on Thursday. The country has about 27 700 megawatts available and demand is averaging just more than 24 000 megawatts, Ramokgopa said during a briefing. That’s why we’re […]
News in South Africa 12th October: 1. Foreigners flee SA stocks: Foreign investors have accelerated their (net) selling of equities on the JSE, with sales 40% greater thus far in 2023 than in the same period in 2022. To last Friday, non-SA investors sold a net R103 billion of equities, versus R73 billion in the […]
News in South Africa 6th October: 1. Cost of living crisis: Economists have flagged South Africa’s fiscal crisis, a weakening rand, and the consequences of poor governance – painting a bleak future for the average South African as the cost of living crisis deteriorates. South African Reward Association member Kirk Kruger said South Africans are […]
News in South Africa 20th September: 1. Rand stuck at R19/USD: The rand has been stuck at around R19/USD as markets worry about the deterioration in South Africa’s state finances, the risk of a global recession, and the US Federal Reserve’s aggressive monetary policy stance. This is according to Investec chief economist Annabel Bishop, whose […]
News in South Africa 28th August: 1. Investors on edge: Capital markets are on edge over South Africa’s deteriorating fiscal outlook, say economists at the Bureau for Economic Research (BER), with government data on revenue expenditure out later this week likely to be of particular interest to investors. National Treasury is due to release its […]
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 16th August: 1. Unemployment concerns: Despite a slight drop in the unemployment rate economists still believe that far too many people in South Africa remain unemployed. On Tuesday, Statistics South Africa released the second Quarter Labour Force Survey for the period starting from 1 April to the end of June 2023. […]
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 […]
