News in South Africa 6th March: 1. Cabinet reshuffle: President Cyril Ramaphosa is set to announce changes to his executive on Monday evening. Presidency spokesperson Vincent Magwenya revealed this while giving an update on ”relevant topical issues of public and media interest” at the Union Buildings in Pretoria on Sunday. “The president will announce the […]
News in South Africa 14th February: 1. Rand crashes through R18/$: The rand is trading on the wrong side of R18/$ for the first time in more than three months, as expectations grow that US interest rates may still climb much higher. On Monday morning, the local currency declined to R18.06/$, after trading around R17.50 […]
News in South Africa 6th December: 1. Politics draining rand: The South African rand clawed back some of its losses since the release of the explosive section 89 report on president Cyril Ramaphosa’s Phala Phala farm last week, but it remains in shaky space as political uncertainty persists. The rand recovered to around R17.19 a […]
News in South Africa 13th September: 1. Tough future for Rand: The rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements. The European Central Bank (ECB) hiked interest […]
News in South Africa 23rd November: 1. Fourth Covid wave creeping in: Wits University vaccinologist Prof Shabir Madhi says that South Africa is in the early stages of a Covid-19 resurgence and warns that the fourth wave of infections will likely hit different parts of the country at different times. The fourth wave is starting, […]
News in South Africa 21st January: 1. Economy needs restrictions reduced: Western Cape premier Alan Winde is offering suggestions how to allow a controlled reopening of the economy under Covid-19 regulations, including a limited resumption of the sale of alcohol. He told the provincial legislature about his concerns for businesses and that he had held […]
