Comair's suspension of flights enrages passengers, NAAMSA reports that vehicle sales are down, and Elon Musk orders Tesla staff to return to the office or else!
Comair suspends flights as it scrambles to raise additional funding, SA consumers and businesses granted a last-minute reprieve at the pumps, and the unemployment rate drops marginally.
Eskom's CEO slams government's cap on private power generation while load-shedding continues to hammer the economy with more bad news to come as economists predict a massive fuel price hike.
Government in crisis talks over how to stave off another steep increase in the price of petrol as the cost of brent crude oil continues to climb, and two key sets of figures out today.
The April producer price inflation hits a new record, the transition from coal to green energy to cost trillions, and government considering some relief at the pumps.
The Minerals and Energy minister criticizes those who insult the state, a new corporation for deposit insurance is being established by the Reserve Bank, and nationwide strikes affect SARS.
A strike expected in the mining sector if wage negotiations are not met, the great digital migration to happen in June, and the financial sector reeling in shock at the death of respected economist Mike Schussler.
NERSA given the green light for solar projects in the North West, a disruptive industrial action season predicted for South Africa, and a warning of a global recession from the World Economic Forum.
S&P Global has upgraded its outlook from negative to stable, the South African government's credit rating remains at junk status, and striking miners reject two new wage offers. (Chris Buchanan is currently standing in for Chris Gibbons)
The interest rate hike of half a percent a concern for the economy and the poor says Reserve Bank Governor, plans to purchase two and half thousand megawatts of nuclear power to go ahead, and an uproar in China over a Gucci and Adidas branded accessory.
An interest rate hike to be announced later today, inflation in the UK is at it's highest in 40 years, and the US markets have their worst day since the start of the pandemic.
Pick N Pay is fighting back in the quick home delivery war, Elon Musk's Twitter deal looks to be on the rocks, and a strong dollar poses a major threat to the global economy.
The price of petrol expected to sky rocket, an interest rate hike expected Thursday, NEHAWU issues SARS with a strike notice, and another bank in trouble.
South Africa may be facing a food crisis, the Finance Minister says work has begun with the private sector to unblock the release of billions for embedded generation projects, this as we go into a week of stage 3 load shedding.
US inflation stays at a 40-year high which will have a knock-on effect on interest rates in SA, and Mzansi's municipalities owe Eskom a staggering R40 billion.
Eastern Cape citrus farmers lose millions over protest action, Standard Bank names its first black female chair, and a call for the government to remove red tape holding back economic progress.
Do you trust the government? Apparently not - but you do trust Gift of the Givers, jet fuel is running low at O.R. Tambo, and it looks like another rough week for the markets.
The US markets record their worst day since 2020, this has a knock-on effect on the JSE, April has been a tough month for investors - it looks like May will be more of the same.
Could stage 8 load shedding be on the cards for SA? And an interest rate hike in the USA.
5 May 2022
2 min
780 – 800
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