VWSA to manufacture a new vehicle at its Kariega plant for the South African and African market, Glencore is fined millions by a UK court for bribing its way across Africa, and the Bank of England raises interest rates again.
As expected the US Federal Reserve has raised interest rates again, this will have a knock-on effect, and commodity trading and mining company, Glencore, will have to pay a massive fine after admitting to bribery and corruption deals, part of which saw them deliver cash in private jets to officials…
New vehicle sales are up for October, 800 thousand public sector workers prepare to down tools as talks falter, and the markets await the US Federal interest rate decision to be announced at 18:00 GMT today.
Transnet lifts the force majeure at its container handling terminals, Moody's changes Eskom's outlook to positive, and the Public Servants Association gets ready to down tools.
The big week for the global economy with interest rate decisions from the US Fed and the Bank of England on the cards, and fans of Twitter have their eyes on Elon Musk, as he takes ownership of the social media platform by firing top executives and calling himself the…
Tongaat Hulett finds itself in need of business rescue, Woolworths CEO Roy Bagattini abandons the company's plan to dominate the Southern Hemisphere, and Meta is down by 80 billion dollars.
The medium-term budget speech delivered a mixed bag which included the announcement that the government will be taking on a substantial amount of Eskom's debt, and government wages are to be increased by 3%.
The Minerals and Energy Minister seems to have done an about-turn on his support of fossil fuels, and all eyes are on Finance Minister Enoch Godongwana ahead of today's medium-term budget report. (Chris Buchanan was standing in for Chris Gibbons)
A strike looms in the public sector, big hits to two key players on the JSE, while the pound reacts to the news that Rishi Sunak is set to be the UK's next prime minister.
A big week for South Africa's economy and its consumers, no reaction yet to President Ramaphosa's speech on anti-corruption, and on the markets, the British pound is somewhat happier at the news that Boris Johnson has pulled out of the race to be PM again.
Cabinet approves investment plan aimed at securing billions in US dollars to be used for climate funding, crypto is to be regulated in SA, and a sigh of relief on the markets as British PM Liz Truss resigns.
Inflation is down slightly, but it's not enough to avoid another interest rate hike, MTN has walked away from its bid to buy Telkom, and the markets are in downward mode.
Former Steinhoff CEO Markus Jooste's assets seized, Sasol and ArcelorMittal SA partner to develop carbon capture technology while the country's $8.5 billion climate aid package comes under threat.
The brutal strike at Transnet is over, Diskem withdraws an internal memo regarding the hiring of white staff, and the markets heave a sigh of relief as new British Fiance Minister Jeremy Hunt rings in the changes.
Satawu rejects Transnet's latest offer while NUMSA has signed an above-inflation deal for its workers, and inflation watchers will have their eyes on the medium-term budget, out this week.
Big Business is calling for an end to Transnet's crippling strike, the top international story - a sharp and surprising rally in stocks - another interest rate hike by the US Federal Reserve Bank now looks to be a certainty.
The Transnet strike continues as another major downing of tools looms in the civil sector, two important indices are to be released this week, and the markets await today's US key inflation figures.
The Transnet strike brings Africa’s biggest port for iron-ore shipments to its knees, the IMF forecast for the year ahead is a dismal one as the ongoing war between Russia and Ukraine continues to wreak havoc on the global economy.
The Transnet strike is starting to bite, Business Leadership SA is describing the downing of tools as disastrous" for the country, on a broader front the markets continue downwards and investors remain very skittish.
Transnet and trade unions to meet over the crippling strike, a nervous Monday morning on the markets, and the US Federal Reserve Bank looks to raise interest rates yet again.
10 Oct 2022
2 min
720 – 740
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