Linda van Tilburg The Rand has weakened with other emergency currencies after the Federal Reserve Chairman Jerome Powellâs cut lending rates but ruled out extending the cycle.
SA government yields climbed after the National Treasury said it will increase the amount of debt sold at weekly bond auctions to help fund a bailout of Eskom.
Paul Hoffman says Busisiwe Mkhwebane, the loose cannon, âis going to break a couple of legs if she’s allowed to keep rolling⌠Let’s toss it overboard and get on with it as soon as possible.â
Adrian Lackay was the canary in the coal mine, warning of the dangerous situation that was unfolding at the South African Revenue Service under the leadership of Commissioner Tom Moyane.
Eleven years after construction started on Eskomâs massive 4,800MW Kusile coal-fired power station in Mpumalanga province, South Africa, not one of its six 800MW generator units is currently delivering power into the grid.
Cyril Ramaphosa has been urged by the panel looking into land expropriation without compensation to set strict limits on its plan to seize land without compensation.
In an article in The Economist, the magazine writes that it has been another bad week for Ramaphosa as his enemies are âundermining his administration.â
The Mauritius Government has acted with indignation at some of the allegations in the ICIJ report and says the information has been obtained illegally.
The rand weakened as Moodyâs Investors Service warned a decision to more than double state financial support for Eskom is âcredit negativeâ.
Newspapers headlines in London were pretty drastic about No. 10 Downing Streetâs new resident this morning, Boris Johnson.