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SA bails out insolvent state airline with R10.5bn

28 Oct 2020 /  Paul Vecchiatto, Bloomberg   8
To implement its rescue plan, taking money from other government departments.

SA plans wage freeze to lower budget deficit

28 Oct 2020 /  Olivia Kumwenda-Mtambo, Mfuneko Toyana, Wendell Roelf, Reuters  
As it earmarks massive expenditure cuts to reign in a soaring budget deficit.

Zimbabwe seeks to bar citizens talking to foreign states

28 Oct 2020 /  Ray Ndlovu, Bloomberg   4
The proposed law will also criminalise the staging of protests which coincide with the hosting of major international and continental events by the country.

SA inflation slows for second month

UPDATE
28 Oct 2020 /  Gemma Gatticchi, Bloomberg   3
To the bottom of the central bank’s target range.

SA stocks slip to four-week low before budget statement

28 Oct 2020 /  Adelaide Changole, Bloomberg   1
More than 100 of the 141 listed companies were lower in early trade.

US, European stock futures fall; dollar climbs: markets wrap

28 Oct 2020 /  Adam Haigh, Bloomberg  
Shares dropped in Japan but rose modestly in China and South Korea.

Oil declines after report points to increasing US stockpiles

28 Oct 2020 /  Saket Sundria and James Thornhill, Bloomberg  
Offsetting supply disruptions from Hurricane Zeta.

Bitcoin faithful say this time is different after price surge

28 Oct 2020 /  Casey Wagner, Bloomberg  
The largest cryptocurrency has jumped about 30% this month and topped $13,852.

Ramaphosa self-isolates after dinner guest gets Covid-19

28 Oct 2020 /  Tim Cocks, Reuters  
After dinner guest gets Covid-19.

Airbnb chooses IPO venue in big win for Nasdaq over NYSE

28 Oct 2020 /  Crystal Tse, Katie Roof and Olivia Carville, Bloomberg   
In biggest listing for the stock exchange since that of Facebook in 2012.

South Africa needs R178bn to help transition from coal, study says

28 Oct 2020 /  Antony Sguazzin, Bloomberg    2
The country is almost entirely dependent on coal for electricity.

Rand gains on dollar weakness

27 Oct 2020 /  Alexander Winning and Promit Mukherjee, Reuters  
In afternoon trade the rand was around 0.4% firmer at R16.15 per dollar.

ACSA aims to raise $433m by selling stakes, leases

27 Oct 2020 /  Promit Mukherjee, Reuters   1
To help it weather a slump in passenger volumes caused by the pandemic, its chief executive said.

Bitcoin approaches highest level since post-bubble crash in 2018

27 Oct 2020 /  Casey Wagner, Bloomberg  
The biggest digital token by market value rose as much as 3.7% to $13,497 on Tuesday.
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