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Black middle class post-Covid: Largely unscathed, but still under pressure

South Africa’s black middle class has a spending power of R400-billion per year, research study finds The post Black middle class post-Covid: Largely unscathed, but still under pressure appeared first on The Mail & Guardian.

Gone with the wind: Lesotho’s $15-billion energy pipedream

A wind farm hailed as Africa’s largest renewable energy project and the solution to Lesotho’s hefty electricity costs has ground to a halt The post Gone with the wind: Lesotho’s $15-billion energy pipedream appeared first on The Mail & Guardian.

Reserve Bank lifts repo rate another 75 basis points, as rand weakens

Two of the monetary policy committee's five members preferred an even more painful 100 basis point hike, as bank remains hawkish The post Reserve Bank lifts repo rate another 75 basis points, as rand weakens appeared first on The Mail & Guardian.

Inflation eases, but is still above Reserve Bank’s upper limit

Consumer price inflation slowed to 7.6% year-on-year in August after hitting a 13-year high in July The post Inflation eases, but is still above Reserve Bank’s upper limit appeared first on The Mail & Guardian.

Reserve Bank will stay tough, even as inflation softens

Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high The post Reserve Bank will stay tough, even as inflation softens appeared first on The Mail & Guardian.

Renewable energy may do Eskom in

But the power utility says not so, and that it has for years been calling for additional generation capacity The post Renewable energy may do Eskom in appeared first on The Mail & Guardian.

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