insert_link South Africa Eskom Reports Stable Power System with Load-Shedding Suspended In S.A, Eskom says the power system continues to be stable with load-shedding remaining suspended. Eskom spokesperson, Daphne Mokwena says the system also has sufficient emergency reserves. She says from 1 April last year to 14 February, load-shedding was suspended for 317 days, compared to 32 days in the same period last year. She adds that electricity supply was available 99-percent of the time, compared to just 10-percent last […] today15 February, 2025
insert_link Business / Economics Morning Biz News – 13 February 2025 Bank of Namibia Cuts Interest Rate Again The Bank of Namibia has reduced its key interest rate for the fourth consecutive monetary policy meeting, lowering the repo rate by 25 basis points to 6.75%. The central bank cited stable inflation projections and the need to support economic growth as the primary reasons for the cut. This follows similar reductions in its last three policy decisions, signaling a continued effort […] today13 February, 2025
insert_link Business / Economics SA Retailer Confidence Wanes in Q1 Amid Election Uncertainty Despite heightened sales volumes, South Africa's retailer confidence has dwindled in the first quarter, likely due to consumer apprehension about purchasing significant items ahead of the national election. The Bureau for Economic Research's recent survey indicated a decline in confidence levels to 34 index points, with profitability remaining subdued. Nonetheless, non-durable goods retailers experienced improved volume growth, while textiles, clothing, and footwear retailers saw a resurgence in sales volumes. today20 March, 2024
