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South Africa Today daily economic news and indicators

SA unemployment higher than USA and Germany combined - 10 million plus. Photo: Mike Schussler - Economist

SA unemployment higher than USA and Germany combined – 10 million...

10 million South Africans suffer in silence and 900 hundred join them every day. We are all too clever as we talk about public...
Moody's report sets redlights flashing for South Africa

Moody’s report sets redlights flashing for South Africa

Red lights are flashing in the South African economy after the latest report by Moody's pointed to various elements that are unfavorable to the...
South Africans with jobs fear that automation could make them redundant. Shutterstock

South Africans are upbeat about new technologies, but worried about jobs

Powerful new technologies are emerging that will continue to affect individuals in multiple ways. This has led to references to a Fourth Industrial Revolution...
A gas-fired power station will be a cheaper option for Eskom than its current diesel plant Shutterstock

How Liquefied Natural Gas could change South Africa’s fortunes

The development of liquefied natural gas (LNG) could help transform the South African economy, spur re-industrialisation, reduce the country’s over-reliance on coal-fired power stations,...
Social networking platform “Love circle”, won tens of millions of yuan in pre-A round of financing led by Peeli Ventures.

Social networking platform “Love circle”, won tens of millions of yuan...

  "Love circle", A dating social network platform, has completed A pre-a round financing of tens of millions of yuan, led by Peeli Ventures and...
Time to throw in the towel, or should we hold out for a hero?

Time to throw in the towel, or should we hold out...

Questions that are most probably top of mind for a multitude of foreign investors is ‘Why South Africa and why now?’, and one could...
Moody's rating group negative about Eskom bail out. Photo: Die Vryburger

Moody’s rating group negative about Eskom bail out

The Moody's rating group described the government's financial "help" to Eskom as negative as it puts a further burden on the country's budget. Medium term...
Appropriation Bill - ANC to blame for economic mess in which country finds itself

Appropriation Bill – ANC to blame for economic mess in which...

The government's budget is not aimed at development, but rather at subjugating those who are poor and keeping them dependent on the government as...
Reserve Bank cuts repo rate by 25 basis points

Reserve Bank cuts repo rate by 25 basis points

The Reserve Bank has reduced the repo rate by 25 basis points to 6.5% in line with market expectation. “The MPC unanimously decided to...
Eskom and Iscor were formed to feed the railway network's need for cheap electricity and steel Shutterstock

South Africa’s state owned companies: a complex history that’s seldom told

The problems of South Africa’s state owned enterprises are in the headlines every day. Yet many have existed for over 80 years. Why were they...
Why the African Monetary Fund is a good idea and what can be done to get it going

Why the African Monetary Fund is a good idea and what...

African Union (AU) leaders will gather in Niger on 7 July for an Extraordinary Summit to discuss the African Continental Free Trade Area. They...
Finance Minister, SARB Governor hold routine meeting

Finance Minister, SARB Governor hold routine meeting

Finance Minister Tito Mboweni and Governor of the Reserve Bank Lesetja Kganyago met on Thursday. “The Minister of Finance and the Governor of the South...