Government considers declaring the Eskom crisis a national state of disaster, a plan to supply small businesses and households with solar panels in the pipeline, and we count the cost of the United States' suspension of the pact to supply nuclear fuel to Koeberg.
SA's leading poultry producer, Astral Foods, makes a desperate appeal to government, and investors have their eye on the US Federal Reserve's Wednesday fiscal meeting.
The Reserve Bank Governor is pessimistic about the outlook for the economy, load shedding puts pressure on Impala Platinum and impacts coal exports from Richard's Bay.
JSE heavyweights Naspers and subsidiary Prosus to lay off staff, Astral Foods profits plummet due to load shedding, and Mineral Resources & Energy minister Gwede Mantashe backs government's controversial plans to solve the energy crisis.
Eskom has paid nearly R10 bn in penalties on its Medupi coal contract, and has hit back at Ramaphosa's plea to not increase tariffs saying that those "aggrieved" by the upcoming 18.65% hike will have to lodge a court application to challenge the decision.
Good news and bad news from Eskom as government scraps the 100-megawatt licensing ceiling - the bad news - load-shedding for another two years, and it looks like interest rates will go up Thursday when the Reserve Bank meets.
It looks like it's going to be a softer end to the week after a string of record highs for the JSE, and grocery retailer SPAR is still in the headlines.
Ructions at major grocery retailer SPAR, a drop in mining production, and the finance minister promises that load shedding will be a thing of the past in 12 to 18 months.
The rand dips on the back of Ramaphosa's decision not to attend Davos, SA to welcome Russian warships despite criticism, and MTN shares drop all thanks to Ghana.
After a well-earned break, Chris Gibbons is back in action reporting that in his absence there has been a string of record highs for the JSE, while away from the markets, Ghana is claiming MTN owes it millions in taxes and penalties. Welcome back Chris!
Gibbons signs off for 2022. "An uncertain end to a very uncertain year", the JSE will probably end the year somewhat flat, and get ready for stage 6 to become normal as stage 8 looms.
Political analysts and economists ponder key themes emerging from the canceled ANC elective conference, TFG acquires sneaker brand Street Fever, and the markets are faring somewhat better.
Positive market reaction to Ramaphosa's re-election to top ANC post, Woolworths offloads Aussie brand Davy Jones, and Twitter wants Elon Musk to resign.
A huge drop in mining output, the decision not to impeach Ramaphosa is good news for the markets, and US scientists make a major breakthrough in the quest for unlimited free energy.
Aspen to receive R523m from the Bill and Melinda Gates Foundation, citrus exports for 2022 came in below expectations, and emerging markets are nervous ahead of interest rate announcements.
13 Dec 2022
2 min
620 – 640
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