Eskom's Kusile unit 3 is back up, Transnet may rehire hundreds of skilled workers, and a North West district municipal manager and businessman is implicated in corruption involving R134 million, including splurging R2 million on two laptops.
Marketing · Business News
Parliament approves the controversial National Health Insurance Bill, France announces that it will halt any more investment in South Africa due to the country's plethora of ills, and British American Tobacco shares drop dramatically as more smokers quit or switch to vaping.
South Africa's economy has shrunk and it is even worse than expected, and billionaire Johann Rupert has bemoaned what he calls the "hostile environment for businesses" in the country, saying that investors avoid places where people call each other comrades.
National Treasury gives Transnet a massive loan, reserve bank deputy governor Fundi Tshazibana says there is a good case for domestic interest rates staying “higher for longer”, and consumers can look forward to some relief at the pumps come Wednesday.
Unlike previous Novembers this was not a good month for the rand - with load-shedding and Transnet - the toxic combination has taken its toll, and most companies who took part in a 6 month 4 day work week trial have decided to keep the new schedule.