Eskom crisis has exposed SA’s municipal crisis

Read More Precious liquid: Residents drink water from a tanker in Johannesburg after levels in reservoirs drop and water stations ground to a halt during load-shedding. Photos: Denzil Maregele/Gallo Images & Delwyn Verasamy Rolling blackouts continue to cripple South Africa’s water processing and distribution networks. A number of municipalities are warning how water supply is […]

Miner terminates Minerals Council membership amid Transnet fracas

Read More Kalagadi Manganese has terminated its Minerals Council membership amid the Transnet fracas. In the fallout from the public battle between the Minerals Council South Africa (MCSA) Transnet chief executive Portia Derby, Kalagadi Manganese has terminated its membership with the mining-industry employer organisation. In a letter to Mineral Council president Nolitha Fakude, Kalagadi’s executive […]

UK interest rates are too high and may need cut – Bank of England’s Tenreyro

Read More UK interest rates may need to be cut this year as the pressure on households and businesses from high borrowing costs ripple through the economy, a senior Bank of England policymaker has said. Silvana Tenreyro, one of the members of the Bank’s rate-setting monetary policy committee, said inflation in the UK was on […]

Annual inflation rate in Egypt reaches new high as currency surges

Egypt’s annual inflation surged to a new high in January as the country continues to battle ongoing price hikes and a depreciating currency, the Egyptian statistics bureau said on Thursday. The state-run Central Agency for Mobilization and Statistics published figures showing that the annual inflation stood at 26.5% last month, up from 21.9% in December. […]