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Mediclinic not quite back to pre-pandemic levels
26 May 2022 /
Adriaan Kruger
South African operations slowest to recover....
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South Africa
We can beat unemployment through state jobs schemes, says former Treasury official
26 May 2022 /
James Stent, GroundUp
South Africa can afford a much bigger public employment programme, argues top economist.
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South Africa
Proposed Gautrain route extension moves closer to reality
26 May 2022 /
Roy Cokayne
… with upmarket Sandhurst on the map.
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South Africa
SA revamps processes for managing distressed banks
25 May 2022 /
Adelaide Changole, Bloomberg
Sarb assumes overarching authority over failing financial institutions.
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Sarb flags inflation as major risk to domestic financial system
25 May 2022 /
Promit Mukherjee, Reuters
Says stagflation fears could exacerbate inequality and slow growth.
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Fast News
Ekurhuleni noses ahead in city electricity race
25 May 2022 /
Antony Sguazzin and Loni Prinsloo, Bloomberg
A program to procure as much as 700 megawatts of electricity that began in 2016 is coming to fruition.
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Shein’s breakneck growth slows, testing $100bn valuation
25 May 2022 /
Bloomberg News
The online-only retailer has become a global phenomenon.
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Fast News
Global crises threaten economic ‘perfect storm’: Davos update
25 May 2022 /
Bloomberg News
'We’ve had big crises in the past but coming from so many different dimensions this may be quite unique,' Standard Chartered Plc Chairman Jose Vinals said.
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International
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Ideology matters in unravelling Russia’s invasion of Ukraine
25 May 2022 /
Richard Meissner
Russia’s idea that Russians and Ukrainians are ethnically identical explains the rejection of Ukraine’s independent millennium-long history.
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Africa
As hunger bites in Somalia, babies start to die
25 May 2022 /
Andrew Cawthorne, Bloomberg
2.8 million people have received aid. Another 3.1 million could be helped if more money came in.
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South Africa
Time running out to comment on SA’s new labour migration policy
25 May 2022 /
Daniel Steyn, GroundUp
Government paints the policy as forward-looking, but can it be enforced and how will it affect the lives of immigrants?
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Companies and Deals
Tiger Brands reports muted interims, anticipates significant price increases in H2
25 May 2022 /
Akhona Matshoba
Says it will no longer be selling its international deciduous fruit business.
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Tiger Brands warns of more price rises as cost pressures build
25 May 2022 /
Nqobile Dludla, Reuters
Margins fall on cost pressures.
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Fast News
China’s Xi holds rare meeting with UN human rights official
25 May 2022 /
Bloomberg News
Beijing is willing to discuss rights issues and cooperate with all parties on the basis of mutual respect, Xi said in a video call with Bachelet.
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Fast News
UK approves sale of Chelsea FC to US investor Todd Boehly
25 May 2022 /
Kitty Donaldson and David Hellier, Bloomberg
Boehly’s winning bid is backed by California-based private equity firm Clearlake Capital.
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Sanral's R17.5bn tender debacle: One bidder considers taking legal action
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