South Africa‘s economic outlook downgraded

Standard and Poor’s Global Ratings downgraded its outlook on South Africa to stable from positive, citing severe rolling blackouts. The rating agency says South Africa’s constraints on infrastructure and electricity supply could affect its economic growth. S&P has kept South Africa’s currency debt rating unchanged at sub-investment grade but has[…]

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Algeria: Foreign reserves down to $60bn by end of 2022

INTERNATIONAL Algeria’s foreign reserves amounted to $60 billion by the end of 2022, the governor of the Bank of Algeria announced yesterday, Anadolu Agency reported. Salah-Eddine Taleb told reporters that the available reserves would cover the country’s import needs from goods and services for two and a half years. The North African[…]

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SA consumers warned against fraudsters on Black Friday

LOCAL As Black Friday specials flood online stores and shopping malls, South Africans are reminded that fraudsters are particularly active during the festive season. CEO Manie van Schalkwyk says the Southern African Fraud Prevention Service has picked up on an increasing number of fake websites advertising non-existant products at low[…]

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Operation Dudula to launch a branch in WC

by Tauhierah Salie Amid high rates of unemployment, Operation Dudula has revealed it is launching a branch in the Western Cape this weekend to quote-unquote ‘take back jobs from foreigners’. The movement, led by 36-year-old Nhlanhla “Lux” Dlamini, emerged in Soweto during the height of riots in July last year.[…]

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