SA’s upward rates cycle probably nearing its end, say experts
(Daily Maverick) — South African economists expect the current rate hiking cycle to come to an end this year after the SA Reserve Bank decided to increase the repo rate by a further 25 basis points at its most recent monetary policy committee meeting. READ MORE.
Markus Jooste’s underhanded tactics to silence critics
(Daily Investor) — After accurately predicting problems at Steinhoff and its subsidiary, JD Group, 36ONE co-founder and director Cy Jacobs says former Steinhoff CEO Markus Jooste went out of his way to punish those who spoke out against Jooste and Steinhoff. READ MORE.
2,700 soldiers deployed to Eskom power stations
(BusinessTech) — Some 2,700 South African army soldiers have been deployed to Eskom’s power stations until mid-March to maintain order and security amid instances of internal sabotage and theft. The soldiers were first deployed in December 2022 while the department of defence outlined the soldier’s guidelines and mandates in a government gazette published on Friday. READ MORE.
Turkey’s Erdogan signals Finland’s Nato bid may be considered over Sweden
(Daily Maverick via Reuters) — On Sunday, Turkish President Recep Tayyip Erdoğan indicated that his country would be willing to support Finland’s bid to join Nato if it were to decouple itself from its proposed joint to join Nato with Sweden. READ MORE.
Russia’s war in Ukraine is accelerating the shift away from oil and gas, BP says
(Daily Maverick via Bloomberg) — Economists at BP concluded that Russia’s war with Ukraine will likely accelerate a shift away from oil and gas as nations look towards renewable energy sources for a reliable energy supply while also cutting carbon emissions. READ MORE.
