Prinesha Naidoo

Moneyweb

South Africa may miss primary surplus target by R8.2bn

By: Prinesha Naidoo

Preliminary data show primary deficit instead of surplus.

Business Day

SA may miss primary surplus target by R8.2bn

By: Prinesha Naidoo

Revenue collections narrowly undershot estimates due to higher-than-anticipated VAT refunds

Moneyweb

Sarb plans new forecasts after May interest-rate meeting

By: Prinesha Naidoo

It’s also likely to reduce forecasting errors for core inflation, according to the bank.

Bloomberg News

South Africa’s Ties With US ‘Uninterrupted’ by Diplomatic Row

By: Prinesha Naidoo

South Africa’s bilateral cooperation with the US has continued uninterrupted, despite American allegations that Pretoria supplied weapons to Russia, its Deputy Finance Minister David Masondo said.

Moneyweb

SA’s ties with US ‘uninterrupted’ by diplomatic row

By: Prinesha Naidoo

'It is crucial that we urgently close the matter to ensure certainty in the market,' Masondo said.

Moneyweb

Row with US that wrecked rand puts SA’s IMF-beating record at risk

By: Prinesha Naidoo

The rand has weakened more than 12% against the dollar this year, making it the worst performer in a basket of 16 major currencies.

Bloomberg News

South Africa Weighs Extending Lives of Larger Coal Power Plants

By: Prinesha Naidoo, Antony Sguazzin

South Africa is considering extending the lives of some of its biggest coal-fired power plants as the government seeks to bolster the country’s long-term energy security amid a deepening crisis.

TechCentral

Cape Town wants to give Eskom the hoof

By: Prinesha Naidoo

The City of Cape Town is in talks with Eskom to take over the supply of electricity across the metro.

Bloomberg News

Weak Rand, Government Missteps Deny South Africans Rates Relief

By: Prinesha Naidoo

South Africa’s central bank is reluctant to pivot away from policy tightening after raising its benchmark interest rate into restrictive territory amid rand weakness and government missteps that continue to fuel inflation.

Bloomberg News

Climate Costs Mount for Poorer Nations Already Burdened by Debt

By: Ronojoy Mazumdar, Prinesha Naidoo, Antony Sguazzin

Governments and businesses are struggling as a rise in extreme weather events coincides with a surge in borrowing costs.