Latest News & Developments
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Holiday lethargy puts damper on Wall Street stocks but weak yen boosts Japan
Seoul was an outlier in Asia with shares plunging as South Korea's political crisis deepened with a second presidential impeachment vote.
Experts weigh in as South Africa expects an interest rate cut today
A number of experts and economists have made prediction on whether the Reserve Bank will cut interest rates today.
Brazil's central bank hikes interest rate for first time in two years
Brazil's central bank on Wednesday announced its first interest rate hike in two years, raising the benchmark lending rate to 10. 75 percent even as the US Federal Reserve decided to lower borrowing costs.
February 2024 fuel price outlook is getting bleaker by the day
South African motorists will almost certainly be hit with higher fuel prices in February, but the extent of these increases remains up in the air.
China’s GDP expands 5. 2 percent in 2023, surpassing annual target
China’s manufacturing sector has continued to provide strong support for the country's steady economic growth and structural reform.
Economic stagnation hastens poverty, inequality
Professor Dumisa looks at the economies of seven countries, which include four African countries and three major countries who are also members of BRICS.
Words on wealth: What will 2024 bring for investors?
Globally, the markets are looking less constrained going into 2024.
Crime costs South Africa at least 10% of the country’s GDP - World Bank report
While the government has put fighting crime at the forefront of its policy priorities, the study underscored the need for multi-faceted actions.
Study finds South African public universities contribute over R510 billion to national economy
The study emphasised the need for investment, rather than perceiving higher education as a mere expenditure.
Africa on its way to creating the world's largest single-free trade area
South African Deputy President Paul Mashatile raised issue with the continent's ‘unsatisfactory’ transport networks, saying he hoped the African Continental Free Trade Area would fix it.
Daily IOL Radio News Bulletin - May 30
As you kick start your day, Nokuthula Khwela brings you the country’s biggest stories.
Navigating the rising cost of living needs innovation
Inflation challenge: Don’t worsen it through ill-informed short-term interventions
Rand weakens ahead of U. S. jobs data
The rand weakened against the dollar in early trade on Friday, as market jitters grew ahead of highly anticipated U. S. jobs data.
Fitch Ratings agency warns that Eskom’s rotational power cuts will hamper South Africa’s economic growth
This comes as Eskom will continue implementing various stages of loadshedding for the foreseeable future until the situation has been normalised after the full return to work of all striking employees.
Rand slumps deeper in the red
The US Federal Open Market Committee (FOMC) minutes confirmed a further tightening of monetary policy amid accelerating inflation, and fears of a global recession.
Farmers struggle with load shedding
South African farmers have warned that the disruptive load shedding was posing long-term risks to the agricultural sector and the economy as a whole as it could worsen rising food prices.
National Planning Commission suggests State of Emergency for new power generation
The latest round of power outages has wreaked havoc on the economy, small businesses and on poor families.
Rattling of protest drums as high fuel price sparks N4 blockade
Yesterday trade union South African Federation of Trade Unions also called for a national shutdown amid worsening living standards
S&P PMI inches to highest level in a year but business still under pressure
Businesses remained under considerable pressure from rising input costs, lifted by a surge in global fuel prices and supply-side challenges despite activity climbing to a 13-month high.
Food, housing, transport, utilities main contributors to April inflation
Statistics South Africa (Stats SA) today said the annual headline inflation rate in South Africa remained unchanged at 5. 9 percent in April compared to March.
Ripple effects: Zim companies withdraw dividends, halt advances to suppliers
Amid much criticism, the government of Zimbabwe is pressing ahead with its temporary suspension of lending services by banks.
Rand falls amid stronger dollar
At 0645 GMT, the rand traded at 16. 0375 against the dollar, 0. 34% weaker than its close on Thursday, when it slumped by close to 4%.
SA is sitting on the cusp of a fifth Covid-19 wave with downside risk to the economy
New daily Covid-19 cases have increased in South Africa in the past two weeks and jumped to 6 372 on Wednesday, the highest since January 12, which was the tail end of the Omicron wave.
JSE, rand hit by China risks, soaring dollar and falling economic prospects
Currency continues a two-week slide yesterday, falling 2. 27 percent to the dollar, while stock exchange prices slumped more than 3 percent
Economic activity in KZN grinds to a halt as floods rage
Economic activity in KwaZulu-Natal (KZN) has ground to a halt after torrential rains left a trail of billions of rands in infrastructure damage and threw supply chains into disarray.