While you were asleep

Our power struggles may be the biggest threat to economic growth, and today all eyes will be on President Cyril Ramaphosa when he answers questions in the National Assembly for the last time this year. News24 reports three of the six questions are about the R130bn struck at COP26 to accelerate our energy transition away from coal, while …

While you were asleep: SA’s double-edged sword of energy and economic growth Read More »

The world’s now firmly in a hiking cycle. The latest central bank to attempt putting a lid on price pressures is our emerging market peer New Zealand, raising interest rates by 25 basis points for the second time in two months and signalling it will need to tighten policy more quickly than previously expected to …

While you were asleep: Putting a lid on price pressures Read More »

It was Black Monday for the ANC as it came up against the combined force of ActionSA and the EFF which pushed the SA ruling party out of power in Johannesburg. The Joburg mayorship for the first time ever went to a woman, the DA’s Dr Mpho Phalatse. And the party managed this feat despite having no …

While you were asleep: Black Monday for ruling ANC Read More »

Black Friday fever is running high and local retailers are pulling out all the stops to dabble in the black this coming Friday. Options open to shoppers include debit and credit cards, gift cards, buy now pay later, in-store credit and, of course, cash. But research by Finder.com shows that South Africans are only likely to buy items discounted 50% and …

While you were asleep: Black Friday 2021: More fears than cheer Read More »

Apple is marching full steam ahead with producing its first vehicle, which could hit the roads as early as 2025, reports Bloomberg. The Cupertino-based tech giant will produce a fully autonomous electric vehicle after earlier trying to focus on steering and acceleration with limited self-driving capabilities. Apple shares also jumped up by 2.4% on the …

While you were asleep: Apple takes the Tesla route and drives into the EV market Read More »

This afternoon SA Reserve Bank Governor Lesetja Kganyago will make one of the most anticipated repo rate announcements this year with many economists splitting down the middle whether he will raise the interest rate or hold at 3.5%. Surging fuel prices will likely influence the Monetary Policy Committee (MPC) decision to hike the repo rate …

While you were asleep: Dig deep into your pockets–rates hike all round Read More »

Coalition talks have stalled in the major metros in Gauteng and Nelson Mandela Bay with the deadline for councils to elect mayors and speakers fast approaching and no clarity over who will be elected and what parties will be going into coalitions or trying to form a minority government. According to the municipal structures act, …

While you were asleep: Deadline for coalition talks fast approaching Read More »

There is every chance that South Africa could experience a fourth coronavirus wave come mid-December through to mid-January according to health minister Joe Phaala. The minister spoke at a briefing on Friday where he said the fourth wave would be influenced by movements and the possible emergence of a new variant of the virus. Acting …

While you were asleep: Fourth covid-19 wave looming? Read More »

Avid Twitter user and Tesla chief, Elon Musk, took to his account on Sunday to fire off some cheeky tweets aimed at US politician Bernie Sanders after the senator from Vermont demanded that the extremely wealthy pay their fair share in taxes via his Twitter account. Musk tweeted back: “I keep forgetting that you’re still …

While you were asleep: Musk uses Twitter to taunt US Senator Read More »

Finance Minister Enoch Godongwana delivered his maiden Medium-Term Budget Policy Statement on Thursday afternoon where he focused on South Africa’s debt-service costs problem. Godongwana joked that he dressed better than his predecessor Tito Mboweni but that on fiscal issues, the two are in lockstep. The finance minister signalled that he would continue Mboweni’s tough-love approach …

While you were asleep: Godongwana homes in on debt reduction Read More »