Government in talks with the car industry over load shedding, stocks worldwide are taking pressure over a growing pessimistic global outlook, and a new wave of covid is causing some alarm in China.
Coronation reports huge losses, global uncertainty raises its head over US debt ceiling deal, and some good news at the end of the month according to the AA.
A slew of company results all affected by load shedding, Astral Foods accuses the government of being "asleep at the wheel", and Jonathan Ball Publishers pull the plug on Herman Mashaba book.
Surprisingly, S&P Global Ratings downgrades its outlook on South Africa, the business sector is losing faith in Ramaphosa, and the Reserve Bank expected to hike interest rates yet again.
Rebosis Property Group seeks to avoid liquidation, talk of stage 8 load shedding pushes the rand lower, and Eskom readies to "throw the book" at André de Ruyter.
Telkom shares plummet, Ninety One chief executive Hendrik du Toit speaks out on his company's falling share price warning that South Africa needs to deal with its "economic emergency" or face the financial consequences.
The finance minister addresses the accusation that SA sold arms to Russia, is the Takatso Consortium deal with SAA up in the air? and Public Enterprises Minister Pravin Gordhan to appear before the Standing Committee on Public Accounts today.
Diskem's CEO steps down after 40 years at the helm, Vodacom close to securing a deal with Eskom, and South Africa is beating its climate goal. (Chris Buchanan was standing in for Chris Gibbons)
The rand tanks over allegations we are supplying arms to Russia, trade relations with America are now under threat, and Elon Musk says he is stepping down as CEO of Twitter.
The rand has dropped to a three-year low, which paves the way for another interest rate hike, and WeBuyCars owner Transaction Capital down by almost 30 %.
Eskom's ripples threaten to become waves, the rand slides even further as a consequence, and following the coronation, Brand Finance gives the British monarchy the thumbs up.
Government to lodge an urgent appeal against the High Court ruling exempting key institutions from load-shedding as Eskom announces stage 6 will continue indefinitely, and SA will likely miss its primary budget surplus by R8.9bn.
An appeal is likely after the High Court orders an end to load shedding at hospitals, schools and the SAPS, US inflation figures are out this week as are figures from the UK on interest rates.
Pick n Pay chairman Gareth Ackerman lambastes government over its ties with Russia, he also criticised the ruling party for raking in millions of rands as a “windfall tax” because of load shedding, and the European Bank raises interest rates as expected.
National Treasury is playing carrot and stick with municipalities in debt to Eskom, the markets are still busy digesting the US Federal Reserve Bank's decision to hike interest rates, and SA has a new set of banknotes and coins in circulation as of today.
A rough start to the month of May both locally and abroad, online teaching and education take a knock due to AI and ChatGBT as the 'godfather' of AI, Geoffrey Hinton, quits Google warning of the dangers inherent in the system.
A number of important events coming up, Ibrahim Patel delivers news on the country's electric car policy, and the Federal Reserve and Central Bank to meet this week.
Mirror Trading International declared a Ponzi-scheme, the state seeks to seize Kwaito star Arthur Mafokate's multi-million rand guest house without compensation, and a survey has measured the impact of load shedding on daily life.
Electricity minister Kgosientsho Ramokgopa is looking for approval of a “mega bid window” for the procurement of renewable energy while Gwede Mantashe continues to punt the controversial Karpowership, and later today, former CEO André de Ruyter will tell parliament about corruption at Eskom.
26 Apr 2023
2 min
540 – 560
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