VW Polo reaches an export milestone, manufacturing sentiment is down following the devastating KZN floods, and the reintroduction of load shedding adds pressure to an already burdened economy.
The Durban shipping industry interrupted due to the devastating KZN floods, Capitec doubles its dividends, and a recession by the end of the year is predicted for the US.
SA's aviation industry is taking strain, the markets remain under pressure as Russia threatens an assault on the Donbas region, and Macron secures a narrow win in the first round of presidential elections.
The move away from coal is predicted to cost SA trillions, the search is on for a new Head of Treasury, and the Competition Commission warns that food processors might push prices up unduly on the back of the war in Ukraine.
Sibanye is standing firm on its wage offer as the strike on its mines enters its second month, Mantashe paves the way for 2,600MW of renewable energy, and the global markets have another torrid 24 hours.
Global markets are down with MTN being one of the biggest losers on the JSE, a recession in America is predicted, and South Africa continues to ignore warnings to slow down on coal power generation.
New vehicle sales are up, well-known former Uitenhage and Gqerberha VW boss to now head the brand globally, and relief as the state of emergency is scrapped.
Moody's cites an improvement in SA's fiscal position, the World Trade organization says a food crisis is brewing, meanwhile, the markets remain relatively stable.
Relief at the pumps as the fuel levy is slashed, while across the pond Biden has authorized the release of a million barrels of stockpiled oil, and the rand, local stocks, and bonds deliver some good returns.
Chris Buchanan standing in for Gibbons reports that the pressure is on for a tax holiday on fuel prices,unemployment figures still staggeringly high, and the markets more buoyant following an easing of tension between Russia and Ukraine.
Renergen seals R1bn investment from the state-owned Central Energy Fund and Telkom continues court action despite Spectrum win. (Chris Buchanan was standing in for Gibbons).
Chris Buchanan has taken over the reins while Gibbons is on leave. Transnet places a temporary suspension on BBBE tenders, employment figures are out tomorrow, and China announces new lockdown restrictions. (Chris Gibbons is currently on leave )
Government wants to shield consumers from the soaring fuel prices, internet and gaming giant Tencent posts its lowest figures since listing - this has a knock-on effect for Naspers and Prosus.
President Ramaphosa announces the relaxation of COVID-19 restrictions for visitors entering South Africa, sports stadia and theatres can now operate at fifty percent capacity, and the rand remains remarkably resilient.
Crucial economic data out this week, the latest business index, as well as inflation and interest rates, begging the question - could something known as stagflation be on the cards for South Africa?
The auction of broadband spectrum generates billions, the South Africa Consumer Confidence index is down, and passengers irate over Comair's grounding saga.
18 Mar 2022
2 min
800 – 820
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