Warsh to be sworn in as Fed chief during White House ceremony
Warsh takes over at a tense moment for the economy and the central bank.
Hyprop buys Bulgaria’s Galleria Burgas for R2.3bn from MAS
The purchase increases the Rosebank-headquartered group’s Eastern European exposure to 37% of gross asset value.
Agriculture under threat as biosecurity risks intensify
Industry reacts to move to safeguard local steel sector with tariffs of up to 30%. Africa’s best response to global chaos may be trading with itself. R1.4bn later, the North Coast property boom is hard to ignore.
Simon’s weekly wrap: Electricity hikes, volatility and SA’s affordability crunch
This week on MoneywebNOW we looked at the rise in electricity tariffs and subsequent 'affordability crisis', the UCT Investment Society's impressive membership growth, STANLIB on how their funds are managing the volatility, and Casey Sprake's view that the MPC should hike next week.
Shell set for top Dutch court fight over call to slash emissions
To keep its net zero 2050 target on track.
Quantum Foods lifts interim earnings, declares dividend
But cautions that higher fuel costs are expected to raise both operating costs and pressure consumer disposable income in H2.
Bitcoin investors sell hardest just when prices start to recover
The timing was not coincidental: the selling arrived as Bitcoin approached $83 000 — the average price at which ETF holders are roughly flat on their investment.
Vietnam sells convicted mogul’s Hermes bags in recovery push
As efforts to claw back billions of dollars in ill-gotten wealth accelerate.
Ukraine and allies grow confident Russia’s invasion losing steam
As Kyiv stabilises the front line and stalls a spring offensive by Moscow.
‘Affordability crisis’ replaces load shedding crisis
Andrew Middleton, CEO of Go Solar, reflects on the dramatic rise in electricity tariffs and the introduction of high fixed charges – especially in Johannesburg. He also covers pros and cons of solar adoption.