Eskom has again taken centre stage at a time when South Africa can ill afford blackouts at increasing regularity, and for longer periods of the day - while strike action is also unwelcome amid growing global economic concerns and rising…
The ongoing war in Ukraine is costing South Africa billions in lost revenues and added costs, and trade officials are concerned that further widespread disruptions to the local economy are likely.
The ongoing war in Ukraine, intensifying international sanctions and adverse local weather all point to South Africa seeing higher prices and inflation levels for longer than originally forecast.
Standard Bank is the latest company to tout the potential of South Africa's township economy, joining many corporates, particularly in the banking, grocery retail and telecoms sectors.
The US Federal Reserve's decision to hike interest rates by 75bp on Thursday reinforces the likelihood of higher rate hikes in South Africa, says Investec chief economist Annabel Bishop.
Discovery's latest interim financial results show that it is carving into South Africa's affluent market, accounting for a 20% market share of people who earn R100,000 or more each month.
South Africa is likely to see a subdued year of growth in 2022, but certain key events such as the ANC's elective conference in December could have a significant impact on the economy.
South African consumers face little reprieve in the coming months as both fuel and food prices look to creep higher, says Investec chief economist Annabel Bishop.
The South African rand hit its weakest point in 12 months on Tuesday (23 November) on the back of a stronger dollar and an expected hike in US interest rates.
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