Nedbank says that it expects the South African Reserve Bank (SARB) to leave interest rates unchanged in its Monetary Policy Committee meeting on Thursday (18 November), but that the chances of a hike have increased significantly. Source: BusinessTech
South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction of new coal-fired power plants. Source: BusinessTech
Statistics South Africa has published its Consumer Price Index (CPI) for October 2021, with inflation flat at 5% compared to September Source: BusinessTech
ZARP, a stablecoin that is pegged to the price of the South African Rand, is now available on the OVEX exchange. Source: BusinessTech
Retailer Woolworths says that interruptions to its businesses in South Africa and Australia over the past several months, including the civil unrest and rioting in KwaZulu Natal and parts of Gauteng in July will have an impact on its results for the first half of the 2022 financial year. Source: BusinessTech
After nearly two years of extremely limited travel options, South Africans have a lot more choices this coming holiday season, particularly if they’re vaccinated. Source: BusinessTech
Eskom chief executive Andre de Ruyter says that there is an increased risk of load shedding in South Africa over the coming days as the embattled power utility grapples with unplanned outages. Source: BusinessTech
The Employment Equity Amendment Bill will allow the Employment and Labour minister Thulas Nxesi to set employment equity targets for different business sectors. The minister can set targets for different occupational levels, sub-sectors or regions. Source: BusinessTech
Following the recent influx of Uncapped LTE deals onto the South African market, Axxess has launched one the cheapest packages in the country. Source: BusinessTech
Data published by the Private Security Industry Regulatory Authority (Psira) and the South African Police Service (SAPS) shows that the country’s private security sector now dwarfs the official police force by a significant margin. Source: BusinessTech
