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LATEST Economy  

China’s factories likely to show economic recovery is stable

China’s factories likely to show economic recovery is stable

30 July 2021  / Bloomberg News  
Readings of China's PMI likely softened slightly in July.
Lockdown, looting – how these showed up in consumer spending

Lockdown, looting – how these showed up in consumer spending

30 Jul 2021 /  Mike Schüssler   15
These two events have dented the country's economic recovery in a short time.
Interest rates staying lower for longer

Interest rates staying lower for longer

30 Jul 2021 /  Adriaan Kruger   6
Reserve Bank deviates from its economic models in effort to revive the economy.
Data ‘has not been compromised’ in Transnet cyber attack, says Gordhan’s department

Data ‘has not been compromised’ in Transnet cyber attack, says Gordhan’s department

29 Jul 2021 /  Suren Naidoo   9
Based on a ‘preliminary assessment’. Force majeure at Transnet Port Terminals still in place but expected to be lifted in ‘coming days’.
Treasury finds R36.2bn but SA’s fiscal situation remains serious

Treasury finds R36.2bn but SA’s fiscal situation remains serious

29 Jul 2021 /  Barbara Curson   31
Taxpayers must be up to date with compliance before asking for assistance.
An estimated R5.3bn allocated to Covid-19 Ters benefits

An estimated R5.3bn allocated to Covid-19 Ters benefits

29 Jul 2021 /  Palesa Mofokeng   1
More than 26 000 claims have been submitted, with applications now extended to businesses and workers affected by recent riots.
Mboweni and Mogajane announce R36.2bn in new economic support following unrest

Mboweni and Mogajane announce R36.2bn in new economic support following unrest

28 Jul 2021 /  Suren Naidoo   22
For affected businesses, social relief for poor South Africans as well as more funds for the police and national defence forces.
SA’s unrest likely to shave 0.7% off 2021 growth, says S&P

SA’s unrest likely to shave 0.7% off 2021 growth, says S&P

27 Jul 2021 /  Olivia Kumwenda-Mtambo, Reuters   1
But strong commodity prices will continue to support the economy, S&P Global ratings said.
Cyber attack: Union wants ‘decisive action’ to protect Transnet

Cyber attack: Union wants ‘decisive action’ to protect Transnet

UPDATE
23 Jul 2021 /  Suren Naidoo   18
In an update on the situation, Transnet said on Friday that it has 'identified and isolated the source of the disruption to its IT systems'.
Reserve Bank keeps repo rate unchanged at 3.5%

Reserve Bank keeps repo rate unchanged at 3.5%

UPDATE
22 Jul 2021 /  Moneyweb   16
The prime commercial lending rate thus remains at a five-decade low of 7%. Recent unrest likely to slow our ongoing recovery.
LIVE ARCHIVE: Sarb shares interest rate decision

LIVE ARCHIVE: Sarb shares interest rate decision

22 Jul 2021 /  Moneyweb  
Rates on hold for now.
Unrest: Construction sector will ‘benefit by default’

Unrest: Construction sector will ‘benefit by default’

22 Jul 2021 /  Roy Cokayne   11
But the longer term outlook for the industry remains uncertain.
CPI inflation edges lower in June

CPI inflation edges lower in June

UPDATE
21 Jul 2021 /  Moneyweb   8
Fuel prices up 27.5% year on year. Reserve Bank seen holding interest rates.
SA unrest: Ramaphosa’s message to organised business

SA unrest: Ramaphosa’s message to organised business

20 Jul 2021 /  President Cyril Ramaphosa   28
President addressed more than 90 business leaders in a virtual session earlier on Tuesday on the security situation in the country.
The N3 Durban-Joburg highway is open

The N3 Durban-Joburg highway is open

16 Jul 2021 /  Suren Naidoo   4
But expect some delays.

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