South Africa Inflation Expectations Dip Before Rate Meeting:
bloomberg.com/news/articles/2024-03-19/south-african-inflation-expectations-dip-ahead-of-rate-meeting
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| Last Updated | Mar 19 |
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Friday’s Morning Call: Market Watch on Inflation and Vale Dynamics: This week, the Brazilian and U.S. financial markets brace for pivotal updates that could sway ...
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South Africa election: Mbeki promises to rid ANC of 'rotten apples': South Africa's former president hits out at corruption within the governing party.
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Quick Glance: Support for South Africa's ANC around 40% before elections
- An Ipsos poll revealed that support for South Africa's governing African National Congress (ANC) has dropped to just over 40%, weeks before an election that could bring about significant political change.
- While the ANC is still expected to secure the most votes on May 29, falling below 50% would require seeking coalition partners to govern, marking the first such alliance since Nelson Mandela led the party to power 30 years ago.
- The survey was based on face-to-face interviews with 2,545 registered voters across all nine provinces in March and April, boasting a margin of error of 1.9% at a 95% confidence level.
- The poll also highlighted rising voter discontent due to issues like unemployment, corruption, crime, and poor services, with the ANC considering potential coalition partners such as the economically liberal DA and the far-left Economic Freedom Fighters (EFF).
Gwede Mantashe vents his displeasure over BHP’s unsolicited mega merger offer to Anglo
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Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Hardest Geezer: Russ Cook reaches fundraising target after Africa run: Russ Cook, nicknamed “Hardest Geezer”, crossed the finish line in Tunisia after 352 days ...
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US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
‘I don’t feel appreciated’: Sundowns coach Mokwena says people don’t value his hard work
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South Africa Sends Top Officials to UAE Over Gupta Extraditions: South Africa’s state prosecuting authority urged the presidency to help resolve an impasse with ...
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About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
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Former acting ASA CEO pays back the money to the SIU: The Special Investigating Unit said on Thursday it has received full payment from former acting CEO of ...
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Kenya ranked fourth wealthiest country in Africa: Kenya has been ranked among the big five wealthy markets in Africa having millionaires and billionaires
standardmedia.co.ke/national/article/2001493784/kenya-ranked-fourth-wealthiest-country-in-africa
Quick Glance: Kenya Among Top 5 Wealthiest Countries in Africa
- Kenya is recognized as one of the prosperous markets in Africa with a significant number of millionaires and billionaires.
- As per the 2024 Africa Wealth Report released by an international wealth advisory firm, Kenya holds the fourth position in terms of wealth ownership.
- Following South Africa, Egypt, and Nigeria ranking at positions one to three, Kenya comes.
- The data in the report indicates that Kenya has a substantial population of affluent individuals, totaling 7,200 millionaires.
Former head of ICJ explains ruling on genocide case against Israel brought by S Africa
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The night I discovered the most perfect lamb chop in the land: In a Karoo town huddled between two ancient mountains, a modest chef happy to live the small-town ...
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Du Plessis to sleep better after Bengaluru end losing streak: The playoffs remain a distant dream for struggling Royal Challengers Bengaluru but captain Faf du ...
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Rugby, once epitome of societal division, has become unlikely blueprint for future united nation
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POLL | Did Thabo Mbeki join the election campaign trail too late?: The ANC deployed former president Thabo Mbeki to Soweto to campaign for the May elections ...
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South African democracy: Did the 'get-out-of-jail' vote live up to the hype?: Thirty years after Nelson Mandela's election and apartheid's end ...
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The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
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‘I don’t feel appreciated’: Sundowns coach Mokwena says people don’t value his hard work
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South Africa election: ANC loses battle for Zuma's MK party name and logo: The uMkhonto we Sizwe (MK) party takes its name and logo from the now-disbanded ANC ...
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Quick Glance: Court Rejects Delayed ANC Bid to Block Use of MK Trademark by Zuma's MK Party
- The KwaZulu-Natal High Court has dismissed the ANC’s bid to prohibit Jacob Zuma’s MK party from using the names and symbols of its disbanded anti-apartheid military wing.
- The judgment handed down allows the recently-established MK party, led by former president Jacob Zuma, to use the 'uMkhonto we Sizwe' name and symbols.
- The judgment highlighted that the ANC only considered the consequences of the name and symbols' use after Zuma publicly declared his support for the MK party.
- The court deemed the ANC's delayed application as 'self-created' due to the responsibility falling on party secretary general Fikile Mbalula to ensure timely action.
LISTEN | Viral flying squad cop loves saving lives, not into modelling: Police flying squad officer Devan Cox who has gone viral for his looks after posting a ...
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Repatriated South African apartheid-era artworks on display to celebrate 30 years of democracy
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Wenzeni uZuma? He stole and rendered country useless, says Bheki Mtolo: KwaZulu-Natal ANC secretary Bheki Mtolo is in the spotlight this week after describing ...
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Quick Glance: Wenzeni uZuma? Bheki Mtolo criticizes corruption
- ANC KwaZulu-Natal secretary Bheki Mtolo criticizes Jacob Zuma's tenure as destructive through corruption with the Gupta brothers.
- Mtolo emphasized the difference between Zuma's actions and previous presidents who did not associate with theft when dealing with the Guptas.
- Mtolo noted the decline in ANC votes since Zuma's presidency and blamed him for the loss of support.
- Criticism of Zuma led to unrest among MK Party supporters questioning what Zuma had done wrong, while Mtolo continued speaking undeterred.
Two in three cars sold globally could be electric by 2035, says International Energy Agency
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GenAI takes off in South Africa with Stellenbosch firm netting R60m investment: Founded in 2017, Spatialedge already brings in an annual revenue of more than ...
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Wrestling royalty in Africa: How Saraya and her family are cracking the continent
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US economic growth slows but inflation grows: The world's largest economy grew less than expected but rising inflation may delay a rate cut.
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‘We're here to finish the job,’ say Esperance stars of Sundowns clash: Esperance star midfielders Oussema Bouguerra and André Bukia have collectively ...
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Africa Live: Muslim child allegedly lashed for attending church - BBC News: Seven members of a family in Uganda have been arrested for allegedly assaulting the ...
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Quick Glance: Africa Live: Germany detains alleged Nigerian mafia members
- German police have arrested 11 Nigerian men suspected of being part of a mafia group involved in large-scale dating scams orchestrated by the Black Axe gang.
- Portugal's President Marcelo Rebelo de Sousa has stated that his country should take full responsibility for colonial-era abuses and consider paying reparations in certain cases.
- Authorities in Tanzania have shut down five hydroelectric stations to reduce excess electricity in the national grid, with the main plant generating enough power for major cities like Dar es Salaam.
- Negotiations between the Kenyan government and striking doctors have collapsed, prolonging the suffering of those seeking healthcare in public hospitals, as doctors demand better pay and the hiring of trainee doctors.
South Africa Election: Voters Judge ANC's Successes Abroad, Failures at Home
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Batohi questions magistrate’s decision to strike Koko case off the roll: The magistrate took the most drastic option in the case involving the former Eskom chief ...
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South Africa Sends Top Officials to UAE Over Gupta Extraditions: South Africa’s state prosecuting authority urged the presidency to help resolve an impasse with ...
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WATCH | ‘Bring back Arthur Zwane to finish the season’: Chiefs legend Fani Madida on Arena Sports Show
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Misuzulu warns KZN government of treating Zulu nation ‘with disdain’ as praise singer contract is terminated
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‘I never believed she killed herself’ — Melinda Ferguson on her book about AKA and Anele Tembe
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RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
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South Africa election: Jacob Zuma and MK lead 3-0 in court battles: How the country's former president is thwarting attempts to bar him from contesting the polls ...
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JONATHAN JANSEN | 8 myths about teachers: what parents often get wrong: Spending time with parents at a graduation ceremony got me pondering some of the ...
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Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
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Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
South African rand trades lower as metal prices retreat: South Africa's rand edged lower in early trade on Tuesday, with analysts pointing to a decline in metal ...
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ANC assured of a clear majority, Ramaphosa says: The president told supporters in Kwa-Zulu Natal that Jacob Zuma’s MK party posed no threat to the ANC in next ...
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Quick Glance: Ramaphosa Urges ANC to Secure 14 Million Votes for Clear Victory
- The ANC has mobilized all its ministers to 'aggressively communicate its success stories' in the critical campaigning weeks ahead of the May 29th national elections.
- President Cyril Ramaphosa stated in a leaked recording of the national executive committee meeting last week that the party would need 14 million votes for a clear victory, compared to the previous 10 million.
- ANC head of elections Mdumiseni Ntuli delivered a report on the party's campaign battle plan to remain in government, emphasizing the need to strengthen the base and win back disgruntled voters.
- Ramaphosa expressed concern during the meeting that some NEC members had not met their commitments towards campaigning for an outright majority and emphasized consequences for those who fail to meet campaign work targets.
Sundowns coach Mokwena picks Ronwen Williams as his footballer of the season: The DStv Premiership campaign has reached the business end, and Mamelodi Sundowns ...
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New light on R5m claim against Mkhwebane: Gcealeka demands repayment of R5m 'wasteful expenditure'.
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Bad business has not dented Iqbal Survé’s ‘billions’ — or so he says: Despite years of controversy about companies failing to meet their financial obligations ...
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Bok star Cheslin Kolbe continues to embrace responsibility — on and off the field
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DJ Peter 'Mashata' Mabuse's family say jealousy was behind his murder
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Meyiwa trial: ‘Longwe shot Senzo Meyiwa’: Defence advocate Thulani Mngomezulu said investigators brought cooked evidence to the court
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Tributes pour in for comedian and DJ Peter 'Mashata' Mabuse: Mashata's death has left Mzansi shook.
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Quick Glance: Tragic End for Peter Mashata in Soshanguve
- A well-known MC, DJ, and radio personality, Peter Mashata, was allegedly shot and killed in Soshanguve on Saturday night.
- On Sunday, the police confirmed the murder of the popular soul and RnB DJ, MC, and radio figure, Peter Mashata.
- The entertainer met a tragic end in Soshanguve last night.
- Following the shooting of two men near TUT (Tshwane University of Technology) in Soshanguve during the early hours of today, Gauteng police opened two dockets for murder and attempted murder.
Musa Mseleku reveals he 'turned down' bogus college offers: "I fully understand what happened and why he accepted this."
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IRBA fines and permanently disqualifies auditor for breach of ethical standards: SPONSORED | Independent Regulatory Board for Auditors takes decisive action ...
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South Africa Evades US Censure Even as It Builds Links to Rivals, Such as China: South Africa is playing all sides when it comes to foreign policy as the country ...
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Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
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'It's sad and painful': Mdu Shabalala vows to lift Chiefs out of quagmire
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West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
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Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
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Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
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WATCH | Mzansi applauds opera singer Innocent Masuku for his performance on 'Britain's Got Talent'
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For the majority of South Africans, freedom’s just another word for nothing left to lose
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The King Am I — MK’s incendiary manifesto manifests grinding contempt for SA’s democracy and Constitution
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Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
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30 YEARS OF DEMOCRACY: Older voters disillusioned after excitement of 1994 poll: Many of them feel that the promises made at the dawn of democracy have not been ...
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Tête à tête - 'One of the biggest problems in South Africa is corruption', CAF president Motsepe says
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Olive oil is getting harder to find and costing as much as 70 per cent more. Here’s why
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Powerball Plus jackpot winner to travel to the US to meet his grandchild for the first time
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Outgoing Nedbank CEO Mike Brown has done a good job of reducing the pile in his successor’s in-tray
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South Africa's Capitec Bank reports 16% rise in FY profit: South African lender Capitec Bank reported a 16% rise in full-year profit on Tuesday ...
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DA would place Mangaung under administration: Steenhuisen: Support for the party in the Free State is at 25%, the highest yet, says leader
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WATCH | Ayanda and her family unveil Sfiso Ncwane's tombstone: The Ncwane family commemorated the gospel star's birthday in a special way.
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South Africa election: Jacob Zuma and MK lead 3-0 in court battles: How the country's former president is thwarting attempts to bar him from contesting the polls ...
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Malema now more power-hungry than populist: Malema has toned down his populist bluster on the campaign trail, because he has the spoils of high office in his ...
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Paid articlePaid Sugar in baby food: why Nestlé needs to be held to account in Africa: The WHO has called for a ban on added sugar in products for babies and young children under ...
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Another rare visitor sent home to Antarctica from SA may help unlock marine mysteries
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30 YEARS OF DEMOCRACY: Thirty and thriving, or barely surviving?: Tracking the progress of South Africa’s 30-year-olds as they navigate education, work ...
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30 years of democracy — Umkhonto weSizwe soldier trades tireless activism for farming
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LISTEN | ‘No load-shedding for 26 days has nothing to do with the elections’ — Ramokgopa
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2-million Britons suffer long Covid-19 symptoms, survey shows: Two-million people across England and Scotland are still suffering from long Covid-19 symptoms ...
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SF sales down 28% from 2019. What sectors and areas were hit hardest?: This map and table breaks down trend in S.F. sales tax revenue for the past five years
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