A measure of stability returns to global markets as Evergrande makes payments, South Africa's energy regulator and the Department of Energy face a legal challenge, and the SA post office is seeking financial assistance.
A substantial sell-off on world markets triggered by China's property giant Evergrande, and President Xi Jinping calls for tighter economic control of his country's economy by the ruling Communist Party.
At least a dozen central banks to decide on interest rates this week including our own Reserve Bank, the US stock market is down, and crunch time for huge Chinese property group Evergrande.
Officials from some of the wealthiest countries in the world due to arrive in SA to strike a deal to close Eskom's coal-powered stations, Unions representing municipal workers strike a deal for a below-inflation wage increase, and the lack of tourism continues to hammer Cape Town's Waterfront.
SA cabinet ministers have met to discuss how best to accelerate economic growth amidst a declining fiscal capacity, Business Day decries the emigration of skilled workers from the country, and the bid to liquidate retail giant Steinhoff continues in the Western Cape High Court.
Big names in SA business appeal to British Prime Minister Boris Johnson to ease restrictions on travel to South Africa, and the CEO of Investment House PSG pens an open letter calling for a mandatory vaccination policy.
Restaurants, pubs and taverns welcome the move to Level 2 Lockdown restrictions, and the court case calling for international retail company Steinhoff to be liquidated goes ahead this week.
Sanlam issues vaccine mandate for all employees, while further afield US President Joe Biden wants to mandate all US workers to get vaccinated, and regulators in China at loggerheads with internet giant Tencent.
Stats SA changes the way it measures GDP, ICASA moves to head off a lengthy court battle with Telkom and MTN, and the markets looking shaky over concerns about slow vaccine rollouts and the economic impact of the Delta variant on many countries.
Discovery orders all staff to get vaccinated calling it a 'moral imperative', Eskom has won a 1.3 billion rand judgment against Emfuleni Municipality while the total debt owed to Eskom by municipalities now stands at a staggering R39 billion.
Aspen Pharmacare in talks with Johnson & Johnson to increase production of the COVID-19 vaccine, while some governments are considering ramping up measures to compel citizens to get vaccinated.
Eskom's debt unsustainable, the Social Development Minister withdraws controversial green paper on Social Security Reform, and SA Life Insurance settles a staggering number of death claims.
Eskom to spend billions on wind and solar energy by 2030, Business Unity South Africa elects a new president, and China introduces strict new regulations on the amount of time minors can spend playing computer games.
South Africa's economy 11% bigger than previously estimated, the USA's Delta Airlines to start charging unvaccinated employees, and Samsung blocks all TVs stolen during the recent rioting.
SA's unemployment figures the highest in the world, the Minister of Minerals and Energy pours cold water on Eskom's plans to shut some coal-fired power stations, and the markets fare relatively well.
25 Aug 2021
2 min
980 – 1000
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