Eskom load shedding moved to stage 6 in the evening. Jofra Archer proves he’s a force to be reckoned with. Uncle Waffles and DJ Kyle Watson announced as part of Coachella line-up. Stage 6 load shedding every night until further notice – News24 Eskom announced on Tuesday evening that load shedding will be moved to Stage 6, …
Latest news in South Africa – Wednesday, 11 January 2023 Read More »
Universities are becoming breeding grounds for crime. Chippa United looks to cause a shock against Mamelodi Sundowns. Showmax announces new cast members for The Real Housewives of Durban. University of Fort Hare killings: ‘Higher education institutions becoming a cradle for criminality’ – News24 (for subscribers) Following an attempt on the life of the university’s vice-chancellor, …
Latest news in South Africa – Tuesday, 10 January 2023 Read More »
Good morning. Here are the important stories you need to know today: Trade union Untu accepts Transnet wage offer, calls off strike Transnet’s new three-year pay deal with its majority union, Untu, will reduce port congestion as more than half the staff returns to work. The strike, which began its second week on Monday, has …
Good morning. Here are the important stories you need to know today: Workers spurn Transnet latest offer, vow to go on with strike Sunday, the unions at Transnet rejected its most recent offer and promised to continue their strike. On Monday, the United National Transport Union (Untu) will undertake more discussions with the employer, Business …
Good morning. Here are the important stories you need to know today: Stage 2 load shedding to continue on Wednesday and Thursday In a statement released on Wednesday, Eskom announced that stage 2 load shedding will continue on Thursday from 4 pm to midnight, but would be reduced to stage 1 on Friday. Eskom said …
Good morning. Here are the important stories you need to know today: Explosion at substation leaves huge areas of Durban without power On Tuesday, the eThekwini municipality said that a trip at its Klaarwater major substation had cut power to many parts of the city. The city said that its technicians were looking into it …
The South African Reserve Bank announced it would hike the interest rate by a further 75 bps on Wednesday following the conclusion of its Monetary Policy Committee meeting. Three members of the MPC preferred a 75 bps hike while two preferred a 100 bps hike. A second straight 75 bps hike means the benchmark has …
There is a raft of ongoing debate as to whether the world’s central banks are correct in their assessment that interest rate hikes will help to tame runaway inflation with the war in Ukraine and surging energy prices not helping the cause. Central banks see hawkish rate hikes as the best hope of taming inflation …
Opinions Today: Are central banks right to hike interest rates to combat inflation? Read More »
Headline consumer inflation came out at 7.6% in August, down from 7.8% the previous month, data released on Wednesday showed. A Reuters poll of economists expected inflation to print at 7.5% for August. Inflation has been driven by soaring food and fuel prices, and the rate has pushed well beyond the South African Reserve Bank’s …
Wednesday will mark the longest period without a tech company IPO of more than $50 million since the global crash in 2008 and the dotcom crash of the early 2000s with the stock market downturn and the effects of the US Federal Reserve’s interest rate hikes being felt heavily. Tech stocks dominated last year’s record-breaking …
Tech companies are staying away from US stock exchanges Read More »
