Moneyweb@Midday

[TOP STORY] Repo rate expected to ‘remain reasonably high’ into 2024

‘I don't think that this is a unique sentiment for South Africans. I think that this is playing out in the global environment where central banks are most likely approaching the end of the interest rate hiking cycle, but maintaining quite a lot of caution,’ says Sanisha Packirisamy, economist at…

24 Nov 2023 7AM 5 min

Eskom feels the heat

A round-up of news updates, as Eskom escalates load shedding to stage 6 amid a serious heatwave. A look at the Gauteng Government’s failures on climate change, Sarb's warning on salaries, and think twice before buying that Black Friday musical biscuit maker.

24 Nov 2023 5AM 33 min

[TOP STORY] President calls for decolonisation of SA’s education system

‘We concentrate more on European history and in latter years American history and things like that. We, in fact, need to be looking at the continent first, develop a strong sense of the African culture within our education system,’ says Basil Manuel, executive director of the National Professional Teachers’ Organisation…

23 Nov 2023 7AM 7 min

Black Friday concept needs to be reviewed.

A round-up of news updates, including the call by President Ramaphosa for the speeding up of decolonisation of SA education. Further insights into the worsening situation at Durban Port, the controversy around the two-pot retirement system, and Black Friday madness, is it time to review the whole concept.

23 Nov 2023 5AM 32 min

[TOP STORY] World Bank report: High cost of crime to SA

‘We find that the overall cost is at least 10% of GDP. It comprises of what we call transfer costs, which are the direct losses that households and businesses are suffering from theft and robberies, and that's about 3% of GDP,’ says Bénédicte Baduel, senior economist at the World Bank.

22 Nov 2023 10AM 6 min

Blame game as Cape police become crime targets

A round-up of news updates, including why police in Cape Town are crime targets. A look at the new World Bank report on the economic impact of crime in SA, parliament passing a motion to close the Israeli embassy in SA, and the tricky process of tertiary student funding.

22 Nov 2023 6AM 33 min

[TOP STORY] Africa 2024: Regional supply chain forecast to grow

‘Two or three years ago, you may have had regular supply out of Asia, companies are now saying, we can't afford to take that chance, we can't afford to take those risks. So there is already a movement towards shorter supply chains, regional supply chains, which I think is of…

21 Nov 2023 7AM 6 min

Political scenarios SA could see post 2024 elections

A round-up of news updates, including the parlous state of SA's drinking water. A look at the Checkers and Pick n Pay packaging row, the prospect of working political coalitions in SA, and why several shopping malls nationwide are going under the hammer.

21 Nov 2023 6AM 33 min

[TOP STORY] Road congestion chaos suspends Richards Bay exports

‘Around the world, people are looking at us and saying, if I cannot get my goods out of South Africa through ports, I'm going to use a different port, or what the heck, I'm going to go and buy it from somewhere else,’ says Gavin Kelly, CEO of the Road…

20 Nov 2023 10AM 8 min

IEC confident in its online registration process

A round-up of news updates, including the suspension of trucked cargo into Richards Bay Port due to congestion on public roads. A look at the IEC’s big voter registration drive over the weekend, the shortage of anti-venom supply ahead of snakebit season, and is there a rise in anti-Semitism in SA.

20 Nov 2023 5AM 31 min

[TOP STORY] New report reveals profiteers in SA energy crisis

‘Our attempt in this report in particular is just to reinvigorate that conversation and shine the light on all of the actors, both private and public, who are in this space and are, again, positioning themselves to make a lot of money,’ says Michael Marchant, head of investigations at Open…

17 Nov 2023 10AM 8 min

Gift of the Givers: 'We will try to minimise further risk to our team'

A round-up of news updates, including the killing of Gift of the Givers’s Dr Ahmed Abbasi in Gaza. A look at the impact of removing medical scheme tax credits and who are SA energy’s winners and losers, according to a report by Open Secrets.

17 Nov 2023 5AM 31 min

[TOP STORY] Chief Justice crossed a line with comments - Casac

‘That for us is the kind of speech that judges should not engage in publicly, especially in an interview, because we know that interviews tend to take a life of their own and it’s not the kind of controlled environment that judges are used to,’ says Dan Mafora, senior researcher…

16 Nov 2023 8AM 6 min

China pinning its growth hopes on tech

A round-up of news updates, including the impact of Black Friday on the retail economy. A look at the new tax incentive implemented for the protection of endangered species and why Casac is troubled by comments made by Chief Justice Raymond Zondo.

16 Nov 2023 5AM 33 min

[TOP STORY] Port pandemonium: SA fruit exports at risk

‘There does not seem to be any end in sight of the problems. We are aware and we appreciate the actions that government and Transnet are looking at together with industry, but if these issues are not resolved sooner than later, we'll end up in a crisis,’ says Fhumulani Ratshitanga,…

15 Nov 2023 9AM 5 min

Youth unemployment: 'Jobs are there, but skills are a mismatch'

A round-up of news updates, including the chaos at SA ports and its impact on fruit exports. A look at how new clearer food labels could lead to healthier food choices and is it a skills or jobs shortage hitting SA youth unemployment?

15 Nov 2023 5AM 30 min

Joburg hailstorm: 'We need more accurate extreme weather warnings'

A round-up of news updates, including assessing your insurance cover in the wake of extreme weather patterns.

14 Nov 2023 8AM 32 min

[TOP STORY] Counterfeit goods amount to 10% of SA economy

‘People cannot afford to buy legal stuff and are inevitably turning to the black market to find cheaper alternatives. The problem is they may find cheaper alternatives, but they may also get dangerous products for their own health,’ says Stefano Betti, vice president of the Transnational Alliance to Combat Illicit…

14 Nov 2023 8AM 7 min

[TOP STORY] Motsoaledi: Current immigration laws are unworkable

‘Because of these lax laws and the problems that we're having, the real refugees who deserve refugee status are not served because there are lots of people who are pretenders, who are not supposed to be part of the refugee regime of the country,’ says Minister of Home Affairs, Dr…

13 Nov 2023 8AM 7 min

Hawks, banking sector team up to fight financial crime

A round-up of news updates, including the Home Affairs's White Paper on citizenship, immigration and refugee protection. A look at the WHO report on TB, the launch of a forensic analysis centre to deal with financial crime and budget cuts putting strain on the SAPS.

13 Nov 2023 5AM 32 min