Economy Wallpost Southern Africa

Katja Hamilton
SOUTH AFRICA
Transition to ZiG currency sparks trade disruption in Zimbabwe

Source: Reuters. A man poses with a handful of Zimbabwean dollars at a bank in central Harare, 15 June 2015. Zimbabweans began exchanging old notes of local dollars for US dollars, as President Robert Mugabe's government sought to officially bury the worthless currency. Reuters/Philimon Bulawayo/File Photo
Source: Reuters. A man poses with a handful of Zimbabwean dollars at a bank in central Harare, 15 June 2015. Zimbabweans began exchanging old notes of local dollars for US dollars, as President Robert Mugabe's government sought to officially bury the worthless currency. Reuters/Philimon Bulawayo/File Photo
[Katja Hamilton] The transition to Zimbabwe Gold currency is causing trade mayhem in the country, causing shop rejections and high conversion rates. Citizens face bank conversion delays and utility payment challenges...

Posted 13 days ago | Like
Raymond Parsons
SOUTH AFRICA
#SARBMPC: Central bank eyes late 2024 for cuts amid uncertainties

Source: Reuters.
Source: Reuters.
[Raymond Parsons] Rate cuts are not expected until late 2024...

Posted 27 days ago | Like
Katja Hamilton
SOUTH AFRICA
#Sona2024: Ramaphosa's last address - Legacy, challenges, and climate action

Source: Reuters/2023. President Cyril Ramaphosa.
Source: Reuters/2023. President Cyril Ramaphosa.
[Katja Hamilton] President Cyril Ramaphosa delivered his final 2024 State of the Nation Address, reflecting on past achievements and addressing ongoing challenges, including climate change and economic reforms...

Posted 2 months ago | Like
Katja Hamilton
SOUTH AFRICA
Reserve Bank's deputy governor departure sparks questions

Source: Reuters.
Source: Reuters.
[Katja Hamilton] Amidst facing an MPC void after deputy governor Kuben Naidoo's exit, the Sarb has chosen to keep its repo rate steady at 8.25%...

Posted 3 months ago | Like
Katja Hamilton
SOUTH AFRICA
#WEF24: Global leaders unite to drive initiatives for climate action and clean energy

Source:
Source: Pexels
[Katja Hamilton] The World Economic Forum's Davos meeting addressed global challenges, emphasized inclusivity, and saw key initiatives, including climate action, clean energy, AI governance, and gender parity commitments. Collaboration and progress were highlighted...

Posted 3 months ago | Like
Raymond Parsons
SOUTH AFRICA
SA's economic outlook in 2024: Global trends and challenges

Source: 123RF.
Source: 123RF.
[Raymond Parsons] Despite challenges to SA's economy, potential exists for lower inflation, interest rates, and improved energy security, with a projected 1% GDP growth in 2024...

Posted 3 months ago | Like
Katja Hamilton
SOUTH AFRICA
South Africa's economic crisis deepens: Recession looms

Source: iStock.
Source: iStock.
[Katja Hamilton] South Africa faces severe economic challenges with a 0.2% GDP decrease in Q3 2023. The country risks recession amid rising unemployment and energy crises...

Posted 4 months ago | Like
Katja Hamilton
SOUTH AFRICA
Sarb holds steady: Inflation concerns linger for 2024

Source:
Source: Pexels
[Katja Hamilton] South African Reserve Bank keeps repo rate steady at 8.25% amid economic challenges...

Posted 5 months ago | Like
Katja Hamilton
SOUTH AFRICA
Navigating turbulent waters: Unpacking Sarb's repo rate decision

Source: World Economic Forum. Lesetja Kganyago, South African Reserve Bank governor, seen here at the Davos 2023, World Economic Forum annual meeting in Switzerland.
Source: World Economic Forum. Lesetja Kganyago, South African Reserve Bank governor, seen here at the Davos 2023, World Economic Forum annual meeting in Switzerland.
[Katja Hamilton] Initially, the Sarb's repo-rate announcement seemed unremarkable, with Sarb keeping its rate steady at 8.25%. However, as governor Kganyago delved into Sarb's involvement in various market-manipulation investigations since 2002, a more intricate narrative unfolded...

Posted 5 months ago | Like
Katja Hamilton
SOUTH AFRICA
#MTBPS: Western Cape Premier slams 2023 budget cuts

Source: Wikepedia. Western Cape Premier, Alan Winde.
Source: Wikepedia. Western Cape Premier, Alan Winde.
[Katja Hamilton] Western Cape Premier Alan Winde is concerned about year-end budget cuts affecting service delivery, exacerbated by population growth and hits to frontline services...

Posted 5 months ago | Like
Raymond Parsons
SOUTH AFRICA
#MTBPS: South Africa's fiscal peril demands action

Source:
Source: Pixabay
[Raymond Parsons] MTBPS highlights South Africa's fiscal challenges, with rising debt levels and insufficient tough decisions. Economic growth and spending consolidation are essential for long-term sustainability...

Posted 5 months ago | Like
Katja Hamilton
SOUTH AFRICA
#MTBPS: South Africa's fiscal crisis: Rising debt and urgent reforms unveiled

Source: Reuters.
Source: Reuters.
[Katja Hamilton] South Africa faces a dire financial situation with persistent budget deficits and increasing debt. The government must borrow heavily, and debt is projected to reach 77% of GDP by 2025/26...

Posted 5 months ago | Like
Katja Hamilton
SOUTH AFRICA
Global markets navigate tensions amid Gaza siege

Source: Reuters.
Source: Reuters.
[Katja Hamilton] Despite Gaza blockade, safe-haven assets stabilise; US bond yields drop with dovish Fed comments. Market awaits US data impact...

Posted 6 months ago | Like
Katja Hamilton
SOUTH AFRICA
#BRICS2023: Brics expands: Argentina, Saudi Arabia join historic Phase One

Source: Supplied. Brazilian President Luiz Inácio Lula da Silva defended Argentina joining Brics earlier this week.
Source: Supplied. Brazilian President Luiz Inácio Lula da Silva defended Argentina joining Brics earlier this week.
[Katja Hamilton] Brics confirms phase one expansion consensus, inviting Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and UAE to join...

Posted 8 months ago | Like
Katja Hamilton
SOUTH AFRICA
#BRICS2023: Brics bank to offer R18bn loan for Transnet's train upgrade

Source: Department of Public Enterprise (DPE)
Source: Department of Public Enterprise (DPE)
[Katja Hamilton] The New Development Bank is set to provide an R18bn loan to Transnet for a significant train upgrade project...

Posted 8 months ago | Like
Katja Hamilton
SOUTH AFRICA
#BRICS2023: South African trade minister: Embracing change and collaboration in an evolving world

Source: Reuters. South Africa hosted China's Xi Jinping, the leading proponent of enlarging Brics, for a state visit on Tuesday morning (22 August). He is due to attend the Brics Summit this week along with top leaders Brazilian President Luiz Inacio, Lula da Silva and Indian Prime Minister Narendra Modi. He is seen here with President Cyril Ramaphosa.
Source: Reuters. South Africa hosted China's Xi Jinping, the leading proponent of enlarging Brics, for a state visit on Tuesday morning (22 August). He is due to attend the Brics Summit this week along with top leaders Brazilian President Luiz Inacio, Lula da Silva and Indian Prime Minister Narendra Modi. He is seen here with President Cyril Ramaphosa.
[Katja Hamilton] Brics Business Council tackles global challenges, seeks growth through private sector-driven collaboration at Brics2023 in Johannesburg...

Posted 8 months ago | Like
Katja Hamilton
SOUTH AFRICA
#BRICS2023: Brics Summit ushers in new era as IDC and Bank of China sign historic MOU

Source: IDC. Bank of China chief executive officer, Longjian Chen seen here with SA's minister of trade and industry, Ebrahim Patel signing in the new framework agreement.
Source: IDC. Bank of China chief executive officer, Longjian Chen seen here with SA's minister of trade and industry, Ebrahim Patel signing in the new framework agreement.
[Katja Hamilton] Brics Summit starts energetically in Johannesburg; Industrial Development Corporation and Bank of China ink MOU to fortify regional trade and investment...

Posted 8 months ago | Like
Katja Hamilton
SOUTH AFRICA
#BRICS2023: Ramaphosa stresses non-alignment

Source: Twitter@PresidencyZA
Source: Twitter@PresidencyZA
[Katja Hamilton] President Cyril Ramaphosa reaffirmed South Africa's non-alignment and diplomacy commitment amidst a polarised world....

Posted 8 months ago | Like
Andre Cilliers
SOUTH AFRICA
Sarb pauses as South Africa's rand drops on firm dollar

Source: Reuters.
Source: Reuters.
[Andre Cilliers] South Africa's central bank, Sarb, holds key interest rate amid the rand's decline due to a strong dollar, resulting in a muted reaction...

Posted 9 months ago | Like
Katja Hamilton
SOUTH AFRICA
The Sarb's interest-rate decision amid mixed committee views

Source:
Source: Pexels
[Katja Hamilton] South African Reserve Bank keeps repo rate steady at 8.25%...

Posted 9 months ago | Like
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