Providing some respite as the nation grapples with the economic damage wrought by a fourth wave of coronavirus infections. Fitch Ratings unexpectedly upgraded its outlook on South Africa’s credit rating, providing some respite as the nation grapples with the economic damage wrought by a fourth wave
After more than 90 nations imposed travel bans on the country right before its summer holiday season because of the discovery of the coronavirus omicron variant. South Africa’s economic growth forecast of 5.1% for 2021 is at risk after more than 90 nations imposed travel bans
There are ‘polarising views’ on gold’s future. Gold rebounded from a three-week low as traders weighed the spread of the omicron coronavirus variant against comments by Federal Reserve Chair Jerome Powell on the need to curb inflation. Researchers worldwide are racing to understand the full impact of
Potentially vulnerable to shifts in global conditions. South Africa’s financial cycle shifted to an upward phase for the first time in five years. The measure of variables including growth in loans to the private sector, real-estate and equity prices, turned positive in the second quarter, the Pretoria-based
And boost electricity costs. Eskom, the world’s biggest emitter of the pollutant sulfur dioxide, said retrofitting about half of its coal-fired plants with pollution cutting equipment would cost more than R300 billion and boost electricity costs. The state-owned South African utility said it has applied for an