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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.

Proposed Gautrain route extension moves closer to reality

26 May 2022 /  Roy Cokayne
… with upmarket Sandhurst on the map.

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.

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.

Shein’s breakneck growth slows, testing $100bn valuation

25 May 2022 /  Bloomberg News
The online-only retailer has become a global phenomenon.

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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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.

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.

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?

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.
UPDATE

Tiger Brands warns of more price rises as cost pressures build

25 May 2022 /  Nqobile Dludla, Reuters
Margins fall on cost pressures.

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.

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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