South Africans were cheered by the country’s emergence from a technical recession and a victory against Bell Pottinger, while Hurricane Irma and tensions between the US and North Korea dominated international headlines. Read on for more:
This week, Hurricane Harvey caused chaos in Texas and South Africa’s ALSI Index reached new highs despite the strength of the rand. For more economic news, continue reading.
US President Donald Trump bemused and annoyed the world at large again this week by saying white supremacists and left-wing counter protesters were equally to blame for the violence in Charlottesville. Read on for more local and international news.
President Jacob Zuma remains in office after surviving the motion of no confidence vote last week. The US and North Korea had a bizarre to and fro of nuclear threats only to have Kim Jong-un reply diplomatically – this appeared to please Donald Trump. Continue reading for a roundup of the past week’s news highlights.
White House Communications officer, Anthony Scaramucci, was last week removed from his job after just 10 days – he is one of 10 people who have resigned or been fired from their position in the Trump Administration. Keep reading for more weekly highlights.
This week, the IMF released new international growth forecasts, the Republicans tried yet again to repeal Obamacare, and the South African Reserve Bank cut the repo rate by 25 basis points.
Trump dramatics and Brexit negotiations dominated international headlines; in South Africa, the Public Protector’s recommendation that the government changes the Reserve Bank’s constitutional mandate continued to make waves.
A week of turmoil in South Africa, the Public Protector recommended that the government changes the South African Reserve Bank’s constitutional mandate. Markets tumbled and the rand lost +-1.6% against the dollar.
Qatar’s neighbours commissioned sanctions against the country, Comey stood up to US President Donald Trump, and Moody’s downgraded South Africa’s credit rating a notch – it’s been another busy week at home and abroad. Global News Qatar has been isolated by land, sea and air in a coordinated diplomatic move taken by other countries in…
