The rand posted strong gains on Friday, as traders pushed out expectations for interest rate cuts.
Author: Alexander Winning
The World Bank Group’s private investment arm and guarantee agency have pledged more support for Safaricom Ethiopia.
South Africa’s headline consumer inflation slowed more than expected in April to 6.8% year on year.
Headline consumer inflation rose for the second month in a row in March, to 7.1%.
The rand slid on Monday after ratings agency Moody’s flagged risks from crippling power cuts and as the dollar advanced.
Foreign minister Naledi Pandor at the weekend called on MTN Group and the Ghana Revenue Authority to find a solution to their tax dispute.
Government does not see the need for now to implement any new Covid-19 restrictions in South Africa, health minister Joe Phaahla said.
Eskom is seeking an average power tariff increase of just over 32% for next year, much higher than originally sought.
Government’s plans to end recurring power cuts could take at least a year to deliver results, a top executive at Eskom said on Monday.
South Africa’s headline consumer inflation quickened to 7.8% year on year in July from 7.4% in June, data from Statistics South Africa showed.