It’s been nearly a decade of waning foreign interest in South African stocks, with outflows exceeding R935-billion in that time.
Author: Colleen Goko
November has been good to South Africa’s rand for the past five years. This time is different.
Eskom has cancelled agreements and contracts valued at R11-billion as authorities crack down on crime at the utility.
Eskom has been given permission to bypass pollution abatement equipment at its giant Kusile plant.
It’s time for a recovery in South Africa’s crushed markets, according to international investment strategists.
The rand fell past R19/US$ for the first time in three years as investors fretted over the country’s struggles with energy shortages.
Sasria, has told clients it won’t pay claims for damage related to a collapse of the national electricity grid, a report said.
President Cyril Ramaphosa has ordered army personnel to be stationed at power stations as theft and sabotage continue unabated.
Government has requested more information from the state-controlled Post Office about financial problems that threaten its survival.
The rand is headed for a fourth weekly loss versus the dollar. The currency’s underperformance is specific to South Africa.