Crude may continue to weaken before rallying in winter
The miner has instituted projects to decrease the social wage deficit, ranging from education to roads
President laments that scarcely a day passes without reports about men attacking, violating and killing women
Chair Siboniso Duma says province may well support Ramaphosa for a second term
Miner has access to a $70m reinsurance facility to write guarantees out of London, which the company wants to spend over the next 15 months
The Trump-era tariffs on imported metals have been eased for some other countries
In the wake of SAA’s near-demise Comair’s market share crept up to 35%-40% by the time it too collapsed
Group has carried out a string of suicide bombings and gun attacks as well as rocket fire
Failure to win on Saturday would put coach Ian Foster and captain under pressure in terms of their future with the team
Nicholas Yell trades SUV for saddle and makes his way from Bot River to Merweville and on to Kruisrivier
A week dominated by two major themes — central banks and locally, Eskom. As expected, the US Federal Reserve raised rates 75 basis points as Fed Chair Jerome Powell sounded suitably hawkish on curbing inflation in his news conference, but also dropped guidance on the size of the next rate rise and noted that “at some point” it would be appropriate to slow down. Since the Federal Reserve began what is now the fastest pace of rate hikes since 1981, it has provided meticulous detail about its future plans to tighten monetary policy. On Wednesday, that changed, with chairman Jay Powell announcing that the US central bank would balk at offering an official running commentary on its quest to stamp out soaring inflation.By shaking hands so far, policymakers have tried to manage investor expectations and avoid periods of extreme market volatility. But the Fed has been set on fire by laying out its plans piece by piece, only to hastily change course as inflation spiralled further out of control. And President Cyril Ramaphosa announced his long-awaited electricity plan to wide acclaim. To put the week into perspective Michael Avery is joined by Warwick Lucas, head of Galileo Securities, Isaah Mhlanga, chief economist at Alex Forbes, and Raymond Parsons, professor in the School of Business and Governance at Northwest University.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.