The very industries that should benefit from the rand’s slump are the ones being hobbled.
GDP data is expected to show SA rebounded from a contraction but there still remains little momentum to spur economic growth.
The president is under pressure to buoy investor confidence with his State of the Nation Address amid a credit-rating downgrade and ongoing strike.
Inflation in South Africa increased to 6.1% in April, exceeding the Reserve Bank’s target of between 3% and 6%.
The rand is down and inflation is up, but has not yet breached the Reserve Bank’s upper target range.
While the local poor protest about basic amenities and housing, the rich are flocking to Cape Town to enjoy its luxury accommodation.
The former labour minister and reserve bank governor may be planning a return to politics as he steps down as AngloGold Ashanti’s chairperson.
Nations in southern and eastern Africa are progressing towards an agreement on a free trade area that wil comprise of nearly 600-million people.
The UK’s Standard Bank has been fined $12.6-million by the Financial Conduct Authority for failing to implement adequate anti-laundering controls.
Major companies like Amazon are looking to outsource their call centres to SA, listing South Africans’ "English premium voice quality" as ideal.
SA’s mining and oil laws need more research and refinement before they are adopted and will probably only be amended next year, says Parliament.
Government will take a stake in a new gas and oil venture, but energy companies say it could lead to significant delays in planned investment.
