Rand Update After threatening to test the R13.50 level, the Rand ran into a bit of a stiff breeze in the form of the US dollar. We saw the Rand lose some ground with a bit of US dollar strength and is currently trading at R13.70. It will be interesting to see whether the Rand …
Take every four to six hours for two hours at a time to increase your pain – Dr Eskom’s prescription for South Africans already crippled by the global pandemic. But there is a vaccine on the way, albeit months away. In a surprise announcement, President Cyril Ramaphosa said yesterday private companies will now be allowed …
While you were asleep: How to increase your pain Read More »
Luke Folb, SAccess We’re no strangers to load shedding by now with rolling blackouts a staple of everyday South African life. There seems to be no end to the dark void as Eskom continues to stumble about in the dark searching for new batteries for its torch. President Cyril Ramaphosa made the big announcement yesterday …
Opinions of the Day: Light at the end of the tunnel Read More »
Rand Update After losing a fair bit of value late yesterday, the rand claws back most of its losses during the day. The rand gaining 1.2% for the day, now trading back in line with most of its peers over the past week. The current account print showed that the high metal prices remain an …
While the JSE has diversified into other trading areas in the past and remains the largest stock exchange in South Africa it is at risk of losing ground to 14 other markets around the globe according to the Financial Mail. Lately, the JSE has suffered because of a lack of new listings, coupled with a …
In South Africa, people borrow money to eat. In the US, the ultra-rich do it to stay rich by avoiding tax. A ProPublica analysis published on Business Insider shows the top 25 wealthiest Americans, including South African-born Elon Musk, has paid a true tax rate of 3.4% by using their vast fortunes as collateral for …
Sunday Times Daily reports that design firm, Blue Apple Tree, received a payment of “R84 452. 60 to write a four-paragraph Christmas message from the Daybreak board to its employees, which was distributed electronically.” Daybreak is owned one hundred per cent by the Public Investment Corporation (PIC), which is tasked with managing the state pension funds …
Spending state pension money on an R85K Christmas card Read More »
In an address to analysts at the end of May, Mr Price CEO, Mark Blair made the bold statement that the retail giant would be the “most valuable” retail business on the JSE in coming years, writes Chris Gilmour for Business Day. By the end of March 2021, Mr Price had come off an extremely …
An increase in vaccinations across the globe is proving to be the much needed shot the global economic recovery needed. Stock prices are hovering at record highs and demand for fuel as air travel restrictions are lifted and cars return to the road has boosted oil over $70 a barrel. Hong Kong tycoons are taking …
While you were asleep: Vaccinations inject life into global economic recovery Read More »
(Bloomberg) — Emerging market and developing nations will continue to struggle with the Covid-19 pandemic and its aftermath even as a few major economies spur the strongest post-recession global growth in 80 years, the World Bank said. Global gross domestic product will expand 5.6% this year, up from 4.1% forecast in January, the Washington-based development …
World Bank Sees Strongest Rebound in 80 Years Despite Divergence Read More »
