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South Africa
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SA record producer inflation likely to dent sentiment
26 May 2022 /
Simbarashe Gumbo, Bloomberg
Prices of final manufactured goods rose by 13.1%, from 11.9% in March...
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Fast News
Table-SA’s 2021/2022 crop estimates
26 May 2022 /
Nelson Banya, Reuters
Below is a breakdown of the data.
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Companies and Deals
UPDATE
Rebounding Tsogo Sun Hotels in big rebrand back to Southern Sun
26 May 2022 /
Suren Naidoo
SA’s biggest hotel group uses Covid low to expand, gain market share and embark on a brand makeover.
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South Africa
2
South Africans staring down the barrel of record-high petrol prices
26 May 2022 /
Khuleko Siwele, Bloomberg
As fuel price levy subsidy set to end.
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South Africa
2
SA needs R3.9trn to transition away from coal
26 May 2022 /
Antony Sguazzin, Bloomberg
Money will need to be spent on closing down coal-fired plants, building renewable plants, and compensating coal-dependent communities.
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Fast News
Tree-boring beetle could cost SA R290bn
26 May 2022 /
Antony Sguazzin, Bloomberg
The polyphagous shot hole borer was first detected in South Africa in 2012.
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South Africa
6
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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Economy
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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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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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South Africa
KwaZulu-Natal still on the receiving end of calamities
25 May 2022 /
Adriaan Kruger
Second wave of heavy rainfall in parts of the province is hampering relief efforts and disrupting repair work.
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South Africa
4
Sanral’s R17.5bn tender debacle: One bidder considers taking legal action
25 May 2022 /
Roy Cokayne
While civil engineering body has referred the cancellations to National Treasury.
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Investing
UPDATE
Assets of SA collective investment schemes stay above R3trn threshold
24 May 2022 /
Nondumiso Lehutso
Statistics show many investors moved their money into portfolios with high equity exposure.
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Saboteurs threaten to exacerbate South Africa’s power blackouts
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We’ve lost our ‘uncle in the economics business’
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[TOP STORY] Are Thungela and Exxaro taking climate change seriously?
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26 May 2022 /
Mauro Forlin
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Glencore pleads guilty to decade of bribery and manipulation
25 May 2022 /
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