IMF raises 2023 GDP world growth forecast – even, perplexingly, for South Africa
(Daily Maverick) — The International Monetary Fund (IMF) has revised its gross domestic product (GDP) growth expectations for 2023 from 2.7% in its October report to 2.9% while also raising SA’s GDP by 0.1% to 1.2% for the year, which barely seems credible. READ MORE.
Eskom warns of further tariff hikes
(SABC News) — Power utility Eskom says it may need to hike electricity tariffs as it struggles to stay afloat and is struggling to make enough money from current tariff levels. High debt levels, low tariffs, and poor performance are contributing to Eskom’s multitude of problems. READ MORE.
Terrible month for the Rand
(TreasuryONE) — The rand nearly hit the R17.50 mark on Tuesday against the US dollar as load-shedding concerns continue to weigh on the local unit. Bloomberg monitors 35 currencies and of these, the rand is the second worst-performing currency. READ MORE.
JSE listed companies drop to lowest level since 1994
(Daily Investor) — An analysis conducted on the Johannesburg Stock Exchange shows the local bourse continues to haemorrhage listed companies with the number dropping below 300 in 2023 – the lowest it has been since 1990. READ MORE.
Poland aims to get training time on Leopard battle tanks down to five weeks
(Daily Maverick via Reuters) — A Polish tank training facility aims to train Ukrainian military personnel on the Leopard 2 battle tank in just five weeks to get training crews competent on the tanks so that they can send them towards Russian enemy lines. READ MORE.
