, defended the hike, noting that inflation preys on the pockets of the poor, he immediately faced backlash.
Subscribe to the M&G today for just R30 for the first three months* to gain access to this story and all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Winter wonderland as snow falls on Sani Pass, KZN | WitnessThe first winter snowfall was reported on the Sani Pass, a mountain pass which connects the west of KwaZulu-Natal with Lesotho, this weekend. | WitnessKZN WitnessKZN What next? WitnessKZN
Source: News24 - 🏆 4. / 80 Read more »
Cold and dark winter aheadSOWETAN | More than enough blame has gone around since the power crisis surfaced more than a decade ago, with ANC politicians refusing to take responsibility for the mess they created at Eskom.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Is the end of the bitcoin winter nigh?Even in the icy wilderness, there are some signs that the crypto king is plotting its comeback.
Source: TechCentral - 🏆 8. / 71 Read more »
Business Maverick: Natural gas market is hurtling toward historic winter shortagesEurope’s plan to cut imports of piped Russian gas by two-thirds by the end of the year and replace it with LNG from the US and Africa is sharply intensifying competition for the power-plant and heating fuel. There’s also an expectation that China’s battle with Covid-19 will be winding down later in 2022, which should stoke industrial demand from Asia’s biggest economy. Buy Sasol shares. Huge LNG plant in Louisiana.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stiglitz Says Fed Rate Hikes Killing Economy Won’t Fix InflationThe US economy needs supply-side interventions rather than interest-rate hikes by the Federal Reserve that will fail to bring inflation under control, said Nobel laureate economist Joe Stiglitz.
Source: dailymaverick - 🏆 3. / 84 Read more »
ARTHUR KAMP: This is why Reserve Bank’s rates hike is justifiedRising food and fuel prices cause upward pressure on core inflation by increasing production costs
Source: BDliveSA - 🏆 12. / 63 Read more »