The NMB Business Chamber appeals to NERSA to step in, citing no faith in the municipality to manage electricity supply to the city, nationally business confidence has dropped, and the Supreme Court of Appeal confirms that government was wrong to ban the sale of tobacco products during lockdown.
The carnage continues on the global stock markets, a comprehensive new strategy could offset the scourge of load shedding by 2023, and the return of Grand Prix racing to Kyalami on the cards.
The markets continue to head South, the Financial Times front-page lead speaks of London and the US heading for a recession next year with more interest rate hikes expected in the US and no doubt, here too.
Is Ramaphosa "mortally wounded"? The Public Protector announces a probe into the saga of the missing money from his game farm in Limpopo, and the rand is looking stronger, all thanks to Japan's Mrs. Watanabe!
Elon Musk threatens to abandon Twitter deal, the arrest of two of the Gupta brothers makes headlines, and Ryanair defends its bizarre Afrikaans language test.
The mining strike is over, African Media Entertainment shows strong post covid recovery, and Standard Bank's Chief Engineering Officer resigns with immediate effect.
Comair's suspension of flights enrages passengers, NAAMSA reports that vehicle sales are down, and Elon Musk orders Tesla staff to return to the office or else!
Comair suspends flights as it scrambles to raise additional funding, SA consumers and businesses granted a last-minute reprieve at the pumps, and the unemployment rate drops marginally.
Eskom's CEO slams government's cap on private power generation while load-shedding continues to hammer the economy with more bad news to come as economists predict a massive fuel price hike.
Government in crisis talks over how to stave off another steep increase in the price of petrol as the cost of brent crude oil continues to climb, and two key sets of figures out today.
The April producer price inflation hits a new record, the transition from coal to green energy to cost trillions, and government considering some relief at the pumps.
The Minerals and Energy minister criticizes those who insult the state, a new corporation for deposit insurance is being established by the Reserve Bank, and nationwide strikes affect SARS.
A strike expected in the mining sector if wage negotiations are not met, the great digital migration to happen in June, and the financial sector reeling in shock at the death of respected economist Mike Schussler.
NERSA given the green light for solar projects in the North West, a disruptive industrial action season predicted for South Africa, and a warning of a global recession from the World Economic Forum.
S&P Global has upgraded its outlook from negative to stable, the South African government's credit rating remains at junk status, and striking miners reject two new wage offers. (Chris Buchanan is currently standing in for Chris Gibbons)
The interest rate hike of half a percent a concern for the economy and the poor says Reserve Bank Governor, plans to purchase two and half thousand megawatts of nuclear power to go ahead, and an uproar in China over a Gucci and Adidas branded accessory.
An interest rate hike to be announced later today, inflation in the UK is at it's highest in 40 years, and the US markets have their worst day since the start of the pandemic.
Pick N Pay is fighting back in the quick home delivery war, Elon Musk's Twitter deal looks to be on the rocks, and a strong dollar poses a major threat to the global economy.
18 May 2022
2 min
820 – 840
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