Interest rate cut just ‘plaster on a gaping wound’, say analysts
The SA Reserve Bank’s decision to cut rates by 1% was unexpected, but needed. More reductions are likely in 2020 as the economy struggles.
Mike Simpson has been in the media industry for 25-plus years. He writes on finance, the economy, general business, marketing, travel, lifestyle and motoring. Plus a bit of general news along the way. He’s travelled extensively (35 countries and counting) and his work has been published in Australia, South Africa, the UK, Hong Kong, Singapore, Morocco and many English-speaking African countries.https://www.thesouthafrican.com/author/mike-simpson/
The SA Reserve Bank’s decision to cut rates by 1% was unexpected, but needed. More reductions are likely in 2020 as the economy struggles.
BMW’s temporary shutdown may be a precursor for more, as automakers around the world cut back on production.
Company says all options to save the affected stores “have been exhausted”. Future of 11 Masscash stores still in the balance.
The Reserve Bank’s Monetary Policy Committee seems certain to follow other central banks and announce a further rate cut.
South African hotel chain offers sanitised, safe and hassle-free stays to those in need of self-isolation.
The Food and Drug Retailers Index on the JSE suddenly comes to life as investors spot an opportunity while consumers stock up.
The master franchise holder is unable to find a buyer for the troubled brand, so all company-owned outlets close.
The Africa Travel Indaba has been cancelled and fears for tourism industry jobs increase as foreign visitors slow to a trickle.
Avoiding the daily work commute may sound marvellous but working from home requires self-discipline and the ability to say ‘no’ when necessary.
Arsenal head coach Mikel Arteta and Chelsea winger Callum Hudson-Odoi test positive. EPL calls emergency meeting today to discuss way forward.
A quarterly survey showed that eight out of 10 executives surveyed were unhappy with current business conditions in South Africa.
Less than 100km from the urban bustle of Johannesburg and Pretoria, Hartebeespoort is a good weekend getaway spot for stressed-out city folk.
Forecasting the performance of our market and the rand is crystal ball stuff right now.
Qantas says it will cut flights by 25% as the impact of the coronavirus outbreak continues to hit airlines around the world.
Most people rush through Meiringspoort on their way to the Garden Route coastline. But if you stop to explore, you’re in for a treat.
With holidaymakers now worried about travelling abroad, the tourism industry should target stay-at-home vacationers in order to survive.
A quarter of safari operators have experienced a 75% decrease in bookings as foreign tourists opt to stay home.
South Africa’s descent into recession and the surprise rate cut by the US Federal Reserve could see the Reserve Bank follow suit in mid-March.
The Monthly Purchasing Managers’ Index (PMI) records a dismal performance, with some figures at their worst in 11 years
Prices are falling in Asia, which accounts for 25% of South Africa’s agricultural exports. Demand for farming products could deteriorate soon too.
Moody’s seemingly inevitable downgrade of SA’s sovereign credit rating in late March could be held at bay, some economists believe.
Raising the levy to 20% would have cost thousands more jobs in rural areas, cane growers’ body says.
Budget sends a message that South Africa is open for business and seeking to rein in debt, says experts. But there’s still a long way to go.
The finance minister’s abolition of transfer duty on properties sold for under R1 million is of particular benefit to first-time buyers
The Road Accident Fund Levy and General Fuel Levy are among those that could be in Tito Mboweni’s sights, experts say.