South Africa has a plan in place to safeguard key food production facilities under threat from the inconsistent electricity supply, restaurants and takeaway venues feeling the effects of load shedding, and two big drops on the JSE.
The list of companies being hammered by load-shedding continues to grow every day putting us dangerously close to becoming a failed state, and the markets remain skittish following the collapse of Silicon Valley Bank.
Foreign investors ditching South Africa at an alarming rate, Silicon Valley Bank collapses, and the markets appear to be stabilizing after Friday's reactionary "angst"
Heineken’s acquisition of wine and cider company Distell Group given the green light, US credit agency S&P downgrades South Africa, and bank stocks take a hammering on Wall Street.
A major new investment could be on its way to the Eastern Cape, business confidence in South Africa continues to head south, and Shoprite has big expansion plans.
Counting the true cost of load-shedding, Nersa does an about-turn and approves Eskom's request, and US Federal chair Powell warns of higher interest rates.
The planned walkout of thousands of public sector workers is put on hold, and GDP figures the main event of the week alongside Ramaphosa's cabinet reshuffle.
Business Leadership South Africa calls for an investigation following allegations made by Andre De Ruyter, and if you want to save some cash, get to the pumps as petrol and diesel go up at midnight tomorrow.
Much as expected South Africa is greylisted, as a consequence the rand dips, and the European Union along with the Uk relegates SA to the category of high-risk countries with which to do business.
Two more major South African corporations hit by the deadly double whammy of load shedding and a failing Transnet, and a pre-budget announcement on the increase in the minimum hourly rate.
The stage is being set for tomorrow's budget speech, Amplats cuts its payout dividend again, and global markets await tomorrow's Federal Reserve Bank minutes.
A big week ahead - the budget speech Wednesday and the Financial Action Task Force to decide whether or not South Africa deserves a grey list rating.
20 Feb 2023
2 min
640 – 660
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