Good news and bad news from Eskom as government scraps the 100-megawatt licensing ceiling - the bad news - load-shedding for another two years, and it looks like interest rates will go up Thursday when the Reserve Bank meets.
It looks like it's going to be a softer end to the week after a string of record highs for the JSE, and grocery retailer SPAR is still in the headlines.
Ructions at major grocery retailer SPAR, a drop in mining production, and the finance minister promises that load shedding will be a thing of the past in 12 to 18 months.
The rand dips on the back of Ramaphosa's decision not to attend Davos, SA to welcome Russian warships despite criticism, and MTN shares drop all thanks to Ghana.
After a well-earned break, Chris Gibbons is back in action reporting that in his absence there has been a string of record highs for the JSE, while away from the markets, Ghana is claiming MTN owes it millions in taxes and penalties. Welcome back Chris!
Gibbons signs off for 2022. "An uncertain end to a very uncertain year", the JSE will probably end the year somewhat flat, and get ready for stage 6 to become normal as stage 8 looms.
Political analysts and economists ponder key themes emerging from the canceled ANC elective conference, TFG acquires sneaker brand Street Fever, and the markets are faring somewhat better.
Positive market reaction to Ramaphosa's re-election to top ANC post, Woolworths offloads Aussie brand Davy Jones, and Twitter wants Elon Musk to resign.
A huge drop in mining output, the decision not to impeach Ramaphosa is good news for the markets, and US scientists make a major breakthrough in the quest for unlimited free energy.
Aspen to receive R523m from the Bill and Melinda Gates Foundation, citrus exports for 2022 came in below expectations, and emerging markets are nervous ahead of interest rate announcements.
The latest inflation figures for SA will be out Wednesday while the final meeting of the US Federal Open Market Committee takes place Tuesday, and Anglo Platinum becomes the latest big corporation to point a finger at Eskom as power cuts continue to wreak havoc on the economy.
South Africa's economy is bigger than before the pandemic, petrol is going up, diesel and liquid paraffin are going down, and the "cash in sofa affair" has a fiscal impact.
Plenty of company news, reports abound that China is abandoning its zero covid strategy, and Ramaphosa heads to the constitutional court.
6 Dec 2022
2 min
700 – 720
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