Local tour operators battling due to cancellations to South Africa, Minerals and Energy Minister criticizes attacks on oil and gas developments, and the markets sagging due to worries over omicron.
The International Monetary Fund says South Africa needs to get rid of non-performing state entities, the Business Confidence Index is down, and Diskem issues a mandate for all staff to get vaccinated by February next year or…
South Africa's economy down by one and a half percent in the 3rd quarter of the year, driven in part by high unemployment rates, and NEDLAC throws its weight behind vaccine mandates.
Global markets appear to be shrugging off omicron, European Health Unions to meet to discuss easing travel restrictions imposed on African countries, and the SECCAWU strike has ended.
It's going to be an interesting week, markets are poised to react to omicron, and business leaders call for a mandatory vaccination policy ahead of this week's meeting by the president with the Coronoviris Comand Council.
South Africa has the highest unemployment rate in the world, markets fluctuate due to knock-on effects of omicron, and Aspen gets license to manufacture its own vaccine.
Embattled motorists facing another fuel hike ahead of the festive season, platinum giants in fight for Royal Bafokeng, and economists expect the world economy to weather the fourth wave.
South Africa breathes a sigh of relief as Ramaphosa announces the country will remain on Alert Level One for now, while global markets went into a tailspin Friday following the travel ban announced by the UK government.
The UK puts SA back on its red list in a major blow to tourism, the new strain of the virus has spooked investors, and cabinet approves new carbon targets.
An ex -Lead Director at ABSA is taking the bank to court for firing him, international investors remain skittish due to rising inflation, and in the US, a non-existent piece of land has been purchased for millions.
The Government Employees Pension Fund says there are significant hurdles to converting the bonds it holds in Eskom to equity to assist struggling Eskom, mining houses are planning massive renewable energy projects, and the US to release 50m barrels of reserve oil.
Global markets balancing pressure from surging covid cases in Europe with travel stocks also feeling the heat as Austria goes into lockdown, and Germany looking set to follow.
The interest rate hike saw the rand fall to its lowest level this year, Turkey goes against the grain by cutting interest rates, and it looks like it's all over for Mango Airlines.
SA's R131 billion climate change loan is not a done deal, Minister Pravin Gordhan hints at sabotage by 'certain' Eskom employees, and the Reserve Bank to make a decision on interest rates later on today.
Massmart is gearing up for a massive strike come Friday, Tax Justice Network says billions in tax revenue is lost due to tax abuse, and Naspers expecting a fall in earnings.
Trouble looming for the Massmart group ahead of Black Friday, Heineken to buy "booze giant", and all eyes are on the virtual summit between the USA and China. (Chris Buchanan was standing in for Chris Gibbons)
Two important announcements this week, October CPI Data out Wednesday and an interest rates decision come Thursday, and Transnet, the Coega Special Economic Zone, and the Central Energy Fund looking to develop a floating gas storage unit. (Chris Buchanan was standing in for Chris Gibbons)
15 Nov 2021
2 min
880 – 900
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