Bitcoin fell heavily on Friday and was heading toward its sharpest weekly drop since last March, as worries over its technology and regulation extended a pullback from recent record highs.
Asian investors were expecting a mixed day of trading after Wall Street peaked on Thursday, pushed upward by continued optimism about economic stimulus to counteract the COVID-19 pandemic promised by newly inaugurated US President Joe Biden.
World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new US President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster growth.
Bitcoin slumped 10% to a 10-day low before paring some of its losses Thursday as traders feared tighter US regulations.
Governor of the Reserve bank, Lesetja Kganyago, has announced that the repurchase rate will remain unchanged at 3.5%.
Governor of the SA Reserve bank Lesetja Kganyago has announced that the repurchase rate will remain unchanged at 3.5 percent. He made the announcement in Pretoria.
The Eastern Cape Executive Council has placed the cash strapped Amathole District Municipality under administration.
The Pretoria Magistrate's Court has postponed the case of perjury against Public Protector Busisiwe Mkhwebane to March 25, 2021.
Accountability Now has confirmed to SABC News that Public Protector Busisiwe Mkhwebane is expected to appear in the Pretoria Magistrate's Court on charges of perjury, on Thursday.
Most economists say there has not been any significant changes in both growth and inflation outlook to warrant a change in interest rates.
The dollar held losses versus most major peers on Thursday as optimism that a massive US stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven currencies.
Economists say the Reserve Bank's Monetary Policy Committee (MPC) is likely to keep the repo rate unchanged at 3.5% and the commercial lending rate also on hold at 7%.
The International Monetary Fund and the World Bank have agreed to hold their spring meetings, planned for April 5-11, online instead of in person due to continued concerns about the coronavirus pandemic, they said in joint statement.
Labour unions are demanding an urgent response and meeting with President Cyril Ramaphosa, to discuss ongoing issues within the South African Broadcasting Corporation (SABC).
The S&P 500 and the Nasdaq hit highs on Wednesday as Joe Biden was sworn in as the 46th US president, while solid results from Netflix sparked a rally in shares of stay-at-home winners.
Oil rose 1% on Wednesday, buoyed by expectations that the incoming US administration will deliver massive stimulus spending that will lift fuel demand and enact policies that will tighten crude supply.
Figures released by Statistics South Africa show that the Consumer Inflation Price for 2020 was the lowest in 16 years and the second lowest in 51 years.
Statistics South Africa has released the Consumer Price Inflation (CPI) rate for December, which came in slightly lower at 3.1% year-on-year from 3.2% in November.
Dozens of SABC employees are gathered outside the broadcaster's headquarters in Auckland Park.
The Restaurants Association of South Africa and Federated Hospitality Association of South Africa are threatening legal action against government over new rules by the newly formed Bargaining Council for the industry, which they say is the final nail in the coffin for the sector.
The Communication Workers' Union (CWU) says they expect a total blackout at the South African Broadcasting Corporation (SABC) on Friday from 11am to 2pm.
The US dollar nursed losses on Wednesday and the euro hung on to gains as investors’ mood brightened in the wake of a better-than-expected sentiment survey in Germany and big spending talk from US Treasury Secretary nominee Janet Yellen.
Investors in Asian markets were poised for gains on Wednesday after Wall Street indexes rose on the back of US Treasury Secretary nominee Janet Yellen’s push for a sizable fiscal relief package in response to the COVID-19 pandemic.
Plato says the latest round of Eskom load shedding caused a great deal of harm to an already ailing economy, amid the COVID-19 pandemic.
A group of rural emerging livestock farmers in the Northern Cape is being taught about artificial insemination to improve the quality of their livestock. The three-day course comprises both theoretical and practical work.
Power utility Eskom has defended it's load reduction strategy. Gauteng Education MEC Panyaza Lesufi has criticised the power utility, calling it reckless for switching off power in poor areas.
The dollar has remained volatile ahead of the inauguration of US President elect Joe Biden on Wednesday.
The National Treasury has assured the public that there will be money to procure vaccine doses for COVID-19.
Brent crude futures edged up on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption.
The dollar hovered around its highest in nearly one month on Tuesday with traders expecting US Treasury Secretary nominee Janet Yellen to affirm a more traditional commitment to market-set currency rates when she testifies at Capitol Hill later.