#RandReport: Rand weaker on risk aversion sentiment, stocks fall
Business
Ray White
News Feed
As load shedding bites, Eskom probes bloated Medupi Power Station contracts
Eskom CEO Phakamani Hadebe says bloated costs and missed deadlines at the Medupi Power Station have limited electricity supply.
Treasury to implement measures to regain SA's investment status
Ratings agency Fitch has affirmed South Africa's long-term foreign and local currency debt ratings at BB+ with a stable outlook. The ratings, therefore, remain below investment grade.
Load shedding must not affect SA's economic growth - Gordhan
Public Enterprises Minister Pravin Gordhan says there are enough strong personnel to turn around the situation at the parastatal.
Treasury focuses on regaining SA's investment grade status
Fitch Ratings has affirmed South Africa’s long-term foreign and local currency debt ratings at BB+ with a stable outlook.
Eskom needs to get the basics right - Gordhan
Public Enterprises Minister Pravin Gordhan says the situation will be assessed over the next ten days to find a lasting solution to avoid load shedding.
Fitch affirms SA’s rating at BB+ with stable outlook
It’s the third major agency to keep its rating unchanged with Fitch and S&P Global keeping South Africa at sub-investment grade.
No festive leave for Eskom senior managers amid load shedding
Public Enterprises Minister Pravin Gordhan says senior managers need to find out why power stations are failing.
Eskom has no choice but to continue with stage 2 load shedding
The country has been hit by widespread load shedding over the past week, with businesses complaining that this is affecting productivity.
New NPA boss Batohi: Corruption & state capture not insurmountable
Shamila Batohi will formally take office in February, after serving her notice period at the International Criminal Court in The Hague.
Stats SA: Growth in agriculture sector helps get SA out of recession
Statistics South Africa (Stats SA) says gross domestic product (GDP) for the third quarter expanded by 2.2% quarter on quarter.
SA records third quarter GDP of 2.2%, lifting country out of recession
South Africa suffered two successive quarters of negative growth - and the third-quarter numbers are a welcome relief for the country.
Stats SA to announce third quarter GDP results
South Africans will know on Tuesday whether the country has emerged from a technical recession.
As load shedding hits, Ramaphosa discusses energy investment with Saudi prince
It was agreed during a meeting earlier this year that Saudi Arabia would pump R133 billion worth of investment into South Africa, primarily to be focused on the troubled energy sector.
Petrol price to decrease by R1.84c per litre
This comes after the country saw a record price hike a couple of months ago which saw petrol hitting up to R17.08, while diesel went up to as much as R15.69.
S&P Global notes change from govt but still has concerns
The agency has kept its ratings unchanged just below junk status.
Economists warn that rates hiking cycle may not be over yet
With South Africans forced to tighten their belts further due to a 25 basis point increase in the repo rate, it's been emphasised that there is still good financial news for consumers this festive season.
[ALERT] Reserve Bank raises repo rate 25 basis points to 6.75%
The repo rate has been at 6.5% since March this year when it was cut by 25 basis points.
Cash-strapped South Africans brace for interest rate announcement
South Africans have been hit hard by increased fuel prices and a rising cost of living, but economists agree there are a few signs that the worst may be over.
