This week Finance Minister Tito Mboweni gave his Medium-Term Budget Policy Statement (MTBPS) and painted a gloomy picture. Debt has ballooned, and the country is no better off, unemployment is at record highs, and Eskom is without a credible plan. Global News Democrats took the next step in the impeachment process of President Trump. The US House…
The step change in the Government fiscal numbers depicted in the Budget in Feb 2019 compared with those released in the MTBPS in Oct 2019 – only 6 months later – cannot be ignored Obviously the Moody’s credit rating announcement scheduled for tonight is a primary concern for the financial markets and SA’s inclusion in…
So much has happened this week — maybe it is the last surge of fervour before the lull of the end of the year: the DA has had a week horribilis that will hopefully precede much-needed introspection; Brexit has had its feathers severely ruffled once again, but is seemingly moving closer to a possible conclusion; and…
Even though load-shedding unexpectedly reared its head again this week, there have been many positive cogs turning South Africa’s future and eradicating the rot of state corruption. Even though it seems that Zuma’s cronies are still at work, many of them are being removed week by week from the influence they have had on how…
After a gloomy midweek, global markets have recovered slightly, despite the multiple adversaries, the biggest of which is the ongoing trade war. The soap opera of current politics continues to grasp attention from the concern of a potential global recession. Global News The ISM Manufacturing Index, which tracks manufacturing activity in the US, posted the biggest contraction in September since…
This week has been a big news week, with our two top newsmakers President Donald Trump and Prime Minister Boris Johnson in seriously hot water. A complaint was filed over a call President Trump made to the Ukrainian President, and Prime Minister Johnson was found to have lied to the Queen. The week brought into…
It is not all trade wars and Brexit news this week, only partly. Of course, sadly, that does not mean that it is all good news. There was a drone attack on a Saudi Arabian oil facility which has been blamed on Iran. After existing tensions with Iran, President Trump threw his weight behind Saudi…
This week was all about politicians and their impact on society, from Prime Minister Boris Johnson wanting a no-deal Brexit to President Donald Trump flexing his negotiation muscles. Then to local shores, where politicians who promote socialism are stealing from the poor. Global News Prime Minister Boris Johnson continued to be in hot water this…
Cape Town hosted the World Economic Forum on Africa this week. It was an opportunity for President Cyril Ramaphosa to show that South Africa is still an economic leader in Africa. This, however, got overshadowed by protests against violence towards women and femicide in the country. Other African countries also criticised South Africa for not…
