SA’s future – Moody’s sees fundamental Mining shift, little light on horizon
There is little light on the horizon in the mining sector and it is unlikely to return to normality for years to come, said rating agency Moody’s Investors Service.
There is little light on the horizon in the mining sector and it is unlikely to return to normality for years to come, said rating agency Moody’s Investors Service.
The new Expropriation Bill is nearing completion, with MPs putting the final touches to a key element of the government’s land reform programme.
All eyes will be on the South African Reserve Bank’s monetary policy committee when it announces the first interest rate decision of the year on Thursday.
SA Reserve Bank governor Lesetja Kganyago says the bank will ‘act with resolve’ if price pressures stemming from a weaker rand spread more broadly in the economy.
The big question is whether the South African economy and citizens are ready for another unaffordable electricity hike at this point, says Nhlanhla Ngidi of the SA Local Government Association.
Brian Kantor thinks higher interest rates have already slowed South Africa’s economy and will slow it further, making Gordhan’s and every citizen’s job a lot harder.
Amid the Rand’s tumultuous start to the year, the SA Reserve Bank (SARB) says that it will assess the appropriateness of the current monetary policy stance.
Trade union COSATU says it will continue fighting retirement reform despite President Jacob Zuma’s signing of new tax incentives into law.
Last week Peter Attard Montalto sent out a note predicting R19 against the dollar by year end. Now he unpacks what this means for interest rates in the country.
The Agoa announcement comes after South Africa failed to meet the December 31 deadline set by Obama to finalise negotiations around US meat imports.