News in South Africa 26th May: 1. Third wave in full force: Fears of stricter restrictions are growing as the Covid-19 positivity rate — the percentage of positive outcomes in the tests taken in a 24-hour period — climbed into double figures on Monday. It was the first time since mid-November that the positivity rate […]
News in South Africa 26th March: 1. SAA grounded despite bailouts: SAA’s business rescue process is almost at an end, but despite billions in money forked over by government in bailouts, there is still no real plan to get the restructured airline off the ground. Business rescue practitioners Siviwe Dongwana and Les Matuson notified the […]
News in South Africa 22nd January: 1. Repo rate unchanged at 3.5%: The Reserve Bank has decided to keep rates unchanged at 3.5%, in line with the expectations of economists. Governor Lesetja Kganyago made the announcement on Thursday afternoon, following the bank’s Monetary Policy Committee’s (MPC) first meeting for the year this week. Two of […]
News in South Africa 19th November: 1. Reserve Bank – interest rate decision today: The Reserve Bank’s monetary policy committee will announce its interest rate decision later today. Most economists don’t expect a cut. South African interest rates have already been cut by 300 basis points since the start of the year – much more […]
