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Why Sizwe Nxasana stepped down from Nsfas

Why Sizwe Nxasana stepped down from Nsfas
15 August 2018 / Ray Mahlaka
Blame could be laid at Jacob Zuma’s door.
Retail sales up 0.7% y/y in June

Retail sales up 0.7% y/y in June

Olivia Kumwenda-Mtambo, Reuters / 15 August 2018
Following a 1.9% increase in May.
Rand sinks as a downbeat Moody’s, Naspers spur a perfect storm

Rand sinks as a downbeat Moody’s, Naspers spur a perfect storm

UPDATE
Robert Brand and Colleen Goko, Bloomberg / 15 August 2018
Moody says it sees South Africa's fiscal deficit at about 4% of GDP in the year through March 2019.
Moody’s sees slower fiscal progress in SA

Moody’s sees slower fiscal progress in SA

Ana Monteiro, Bloomberg / 15 August 2018
Moody’s sees the country’s fiscal deficit at about 4% of GDP in the year through March 2019.
Vat hike had muted inflation impact – Sarb

Vat hike had muted inflation impact – Sarb

Wendell Roelf, Reuters / 15 August 2018
The one percentage point increase in April impacted inflation.
SA’s economic recovery to be ‘weak and choppy’ – Sarb

SA’s economic recovery to be ‘weak and choppy’ – Sarb

Wendell Roelf, Reuters / 15 August 2018
South Africa's economic growth dropped below initial expectations.
Five things making headlines in South Africa today

Five things making headlines in South Africa today

Moneyweb / 15 August 2018
June retail sales rise 0.7%, EastPlats results, Silas Ramaite appointed as acting head of NPA, Curro expands into townships.

Watch The Gathering – Media Edition live

15 August 2018
Watch the 2018 edition of the Daily Maverick’s: The Gathering Media Edition live!
SA asked US to ‘back away’ from punitive tariffs

SA asked US to ‘back away’ from punitive tariffs

Sam Mkokeli and Amogelang Mbatha, Bloomberg / 15 August 2018
The country has been hit by steel and aluminium tariffs and the detrimental effect could be exacerbated if they are extended to the automotive industry.
Rand rebounds as Turkey-led rout eases, stocks falter

Rand rebounds as Turkey-led rout eases, stocks falter

Alexander Winning, Reuters / 14 August 2018
Government bonds recover as yields fall.
Ramaphosa appoints acting chief prosecutor after court ruling

Ramaphosa appoints acting chief prosecutor after court ruling

Nqobile Dludla, Reuters / 14 August 2018
Silas Ramaite has been appointed as the country's acting chief prosecutor.
Lazard drafting plan to bolster balance sheet of Eskom – sources

Lazard drafting plan to bolster balance sheet of Eskom – sources

Alexander Winning, Reuters / 14 August 2018
Eskom is hiring financial advisor Lazard to draft a plan to shore up its balance sheet amid financial battles.
Orders jump at South Africa bond auction as investors see value

Orders jump at South Africa bond auction as investors see value

Robert Brand and Colleen Goko, Bloomberg / 14 August 2018
Traders placed R9.77 billion of orders, or more than four times the R2.4 billion of securities on sale.
Ramaphosa proposes new sovereign wealth fund – party officials

Ramaphosa proposes new sovereign wealth fund – party officials

Alexander Winning, Reuters / 14 August 2018
To help boost economic growth.
Mines minister concerned about Gold Fields job cuts

Mines minister concerned about Gold Fields job cuts

Tanisha Heiberg, Reuters / 14 August 2018
Gwede Mantashe says some companies are were not 'meaningfully engaging' with department on their restructuring plans.

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