Rene Vollgraaff
Bloomberg
Johannesburg, GP, South Africa
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Past articles by Rene:
The Winners and Losers From South Africa’s $123 Billion Budget
South African Finance Minister Enoch Godongwana collected more money than he expected this year because of a jump in commodity prices, which led to better tax collections. → Read More
South Africa’s Ramaphosa to Announce Measures on Energy Crisis
South African President Cyril Ramaphosa will announce measures to address the country’s energy crisis Monday evening. → Read More
Winners and Losers: Who Pays and Who Gains in South Africa’s Budget
South Africa’s Finance Minister Enoch Godongwana, six months into the job, presented a budget that backs up President Cyril Ramaphosa’s focus on businesses in a bid to add jobs. → Read More
Fires Flare Up Again at South African Parliament in Cape Town
A blaze at South Africa’s parliament buildings in Cape Town flared up again on Monday afternoon. → Read More
Johannesburg Council Elects ANC’s Jolidee Matongo as New Mayor
Municipal counselors in South Africa’s economic hub, Johannesburg, have picked Jolidee Matongo as the city’s new mayor. → Read More
SA seeks R95 billion from IMF, World Bank, NDB
SA is counting on accessing R95 billion from the International Monetary Fund, World Bank and New Development Bank to help finance an economic stimulus package. → Read More
Monetary policy alone can’t fix the economy, says Kganyago
South Africa’s weak economic growth is due to unsustainable policies and monetary policy alone can’t fix that, Reserve Bank Governor Lesetja Kganyago said on Wednesday. → Read More
Power-cut plans drag SA's factory sentiment to decade low
Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February. → Read More
4 charts showing the Reserve Bank data that triggered a cut
Two months can be a long time in central banking, and if you are the South African Reserve Bank, it can mean bringing an interest rate cut forward and a move to signaling even more. → Read More
ANC commits to Reserve Bank mandate, independence
The central bank last year came under criticism from labor unions and some senior ANC members who want interest rates to be reduced. → Read More
Eskom crisis, jobs top ANC’s priority list, Ramaphosa vows
While President Cyril Ramaphosa has repeatedly given reassurances that energy constraints are being addressed, Eskom has intermittently instituted rolling blackouts to prevent a collapse of the grid. → Read More
S&P advice to SA: Beware what you say about Eskom debt
Talks around restructuring Eskom's bonds must be approached carefully to avoid spooking the market, according to S&P Global Ratings. → Read More
SA retail-sales growth beats estimate for May
Retail-sales growth beat expectations for a second straight month in May, boding well for an economy that contracted in the first quarter. → Read More
Zim’s annual inflation rate doubles in June to 176%
Zimbabwe’s inflation rate almost doubled in June from the previous month. Annual inflation accelerated to 175.7% from 97.9% in May, the statistics office said in an emailed release on Monday. Prices rose 39.3% in the month. → Read More
Nigeria to sign African free-trade pact at AU meeting
Nigeria will sign a continental free-trade deal at an extraordinary summit of the African Union this weekend, bringing the duty-free movement of goods in the region a step closer. → Read More
Kganyago says forecasting model suggests there may be room for rate cuts
The South African Reserve Bank’s forecasting model suggests there might be room for interest rate cuts in the next year or two, given how weak the economy is, Governor Lesetja Kganyago has said. → Read More
Battle over South African Reserve Bank's role spooks rand
A fight is brewing over South Africa’s Reserve Bank and Governor Lesetja Kganyago is ready for it, flanked by his finance minister and the head of the ruling party’s economic policy. → Read More
SA rate cuts no sure thing, even as economy contracts
South Africa’s deepest quarterly economic contraction in a decade won’t automatically move the Reserve Bank to cut its key interest rate because this may drag down the country’s potential growth rate. → Read More
Ramaphosa targets growth, corruption with new Cabinet
The president took a step toward putting SA on a growth path and fighting corruption by naming a slimmed-down Cabinet that retained Finance Minister Tito Mboweni and Public Enterprises Minister Pravin Gordhan in their posts. → Read More
ANC gets slim victory in SA's economic hub Gauteng
The ANC scraped through to take the win in SA's richest province Gauteng. → Read More