As if we haven’t been hit by enough rising costs – the war in Ukraine threatens to hit our pockets even harder with surging global oil prices due to the threat of a lack of supply and a failure to meet demand. Brent crude surged almost 10% on Sunday evening to $130 a barrel and …
While you were asleep: War in Ukraine could see fuel price double Read More »
Ukrainian President Volodymyr Zelensky has accused Russia of “nuclear terror” and said Russia wanted to cause another Chernobyl level disaster after Russian forces attacked a nuclear plant in Ukraine. Zelensky begged Western leaders not to let Europe suffer a nuclear disaster and said “no country other than Russia has ever fired on nuclear power units” …
While you were asleep: Zelensky pleads for help amid Russian “nuclear terror” Read More »
Turning our attention to Russia this morning, reports indicate that the Southern Ukrainian city of Kherson has fallen to Russian forces in what is now the most significant gain for the Russians as they continue with their invasion of a sovereign neighbouring country. Kharkiv, Ukraine’s second-largest city remains under heavy Russian bombardment while the capital …
We now have all the pieces of the State Capture puzzle with the release of the third report compiled from the evidence given at the Zondo Commission. Part three focuses entirely on the corrupt dealings of Bosasa and some of the central figures that benefited from the company’s bribes. The report found that Bosasa was …
While you were asleep: Bosasa corruption outlined in Part 3 of Zondo report Read More »
Outgoing National Prosecuting Authority (NPA) Investigating Directorate (ID) boss Hermione Cronje served her last day in the job on Monday. Today, there’s already a new person helming the desk. It was an uncharacteristically decisive bit of action from Cyril Ramaphosa last night with Advocate Andrea Johnson appointed to the position by the president. Johnson comes …
Investors have again run for cover in safe havens after President Vladimir Putin ordered Russia’s nuclear deterrence forces on high alert and the West imposed even heavier sanctions on Moscow. While locally, the government is embroiled in its own internal tug of war on Russia, the big question is would Putin press the nuclear button? BBC News reports Nobel Peace Prize laureate …
While you were asleep: From nuclear to safe havens and Elon Musk picking a side Read More »
Ukraine is fighting for its survival after a total onslaught from the Russian military who were given the green light by President Vladimir Putin to invade Ukrainian territory on Thursday morning in what Putin called a “special military operation”. It is unclear what Putin’s ultimate war goals are, but they seem to be ambitious as …
The rand raced to R15.35 to the US dollar as Russia’s attack on Ukraine roiled markets. Russia has started its “war of aggression” in the early hours of this morning with a “full-scale invasion of Ukraine”, with pleas from Ukraine’s foreign ministry for the world to “act now” to stop Russian President Vladimir Putin. But …
All eyes will be on Finance Minister Enoch Godongwana this afternoon when he delivers his maiden Budget Speech against the backdrop of record-high unemployment, an unprecedented high debt-to-GDP ratio, muted investments, and an already ailing economy that has been further constrained by the ongoing Covid-19 pandemic and the unrest in July last year. His task in explaining how ever-increasing debt repayment …
To lighten the mood on this heavy Tuesday, here’s an (in)significant titbit. Today the world hits an “unprecedented milestone” that carries absolutely no historical significance or any cosmic message. Yet it does speak volumes about our brains and cultures, writes The Conversation as it unpacks the meaning of Twosday, so dubbed because of the date 22/2/22. On …
While you were asleep: 22/2/22 lightens the mood as world (and markets) readies for war Read More »
