Latest articles on Dawie Roodt

We need more anger about racism in South Africa

Those who want a non-racial and equal society need to unite against both whites and blacks who collaborate to entrench a racist system

PetroSA boss Mapula Modipa steps down

PetroSA on Wednesday announced the voluntary departure of Mapula Modipa, who is set to step down at the end of June after a year at the helm.

Consumers over a barrel as fuel price soars

Petrol prices could rise by another 20c/litre, despite a 93c/litre hike that kicked in on September 5.

Don’t expect change on interest rates, say economists

The South African Reserve Bank will leave interest rates unchanged for the foreseeable future should economic conditions persist, economists predict.

State can afford to take on more debt

The state, economists say, can afford to double its debt levels and lift borrowing to about R1-trillion to pay its ambitious infrastructure plans.

Rates steady in spite of rand’s freefall

The Reserve Bank kept interest rates steady on Thursday, after a sharp overnight depreciation of the rand and amid darkening expectations.

Pushing up VAT ‘the least damaging way to fund NHI’

An increase in the rate of Value Added Tax would be the most effective way of funding the National Health Insurance, economists say.

Fears of all-out global trade war

Local economists downbeat about the upcoming G20 meeting and expect developing countries to look to their own interests.

Manuel’s resignation sows chaos

The resignation of Trevor Manuel -- alongside 13 senior Cabinet ministers -- has caused confusion and volatility in the country's financial markets.

Expect budget changes by new ANC, says economist

The new ANC leadership is likely to make budget changes prior to the election next year, says an economist.

Violence adds to economic woes

Anti-foreigner violence in South Africa has already hit the mining sector, a mainstay of the domestic economy, and threatens to undermine confidence among international investors, analysts say. Even before the unrest broke out, the outlook for the South African economy was clouded by uncertainty.

PPI data ‘does not bode well for consumers’

South Africa's producer price index (PPI) rose by 11,8% year-on-year in March from 11,2% in February, Statistics South Africa data on Thursday showed. Dawie Roodt, economist at Efficient Group, commented: "I am afraid all these price increases from producers will start filtering to consumers."

Govt’s power plan for mines expected on Friday

The South African government will on Friday announce whether power supply can be increased to mines while maintaining the stability of the system. The review of consumption comes in the wake of last week's surprise announcement that the sector would lose thousands of jobs due to the power crisis.

Minister: Job cuts at mines unavoidable

South African Minister of Minerals and Energy Buyelwa Sonjica has confirmed that job losses at mines are unavoidable, the South African Broadcasting Corporation reported on Friday. Sonjica said this became apparent at Thursday's meeting with labour unions and the Chamber of Mines, but she would not disclose the number of job losses that will take place.

PPI figure ‘in line with market expectations’

South Africa's producer price index (PPI) rose by 9,4% year-on-year (y/y) in September, unchanged from August, Statistics South Africa data on Thursday showed. The PPI declined 0,7% on a monthly basis after August's monthly increase of 0,7%. PPI was at 9% y/y a year ago.

vital information

The Mail & Guardian’s essential coverage of the ongoing coronavirus crisis is free to read for everyone.

If you would like to support us, please consider taking out a subscription.

Latest

The PPE scandal that the Treasury hasn’t touched

Many government officials have been talking tough about dealing with rampant corruption in PPE procurement but the majority won't even release names of who has benefited from the R10-billion spend

Health workers afraid of passing Covid to family

While nurses bear the brunt of the most psychologically affected of health workers, most are concerned about access to protective supplies

Treasury presents Covid-19 corruption action plan

Reports of corruption, over-pricing and the delivery of sub-standard PPE have become the norm over the past five months as the country grapples with the Covid-19 pandemic

Press Releases

Covid-19: Outlook on the economy, politics and labour

Old Mutual had experts unpack the effects of the pandemic and provide practical tips on how to deal with the financial impact of job losses and salary cuts

Opt-in to Popia

All business owners should take note: there is a lot of work ahead to ensure compliance with the POPI Act that has just come into effect

Capital Legacy talks life

The Covid-19 pandemic is revealing how few people actually sort their affairs to the benefit of their loved ones they leave behind when they pass on

Accounting technician beats the odds to obtain a professional qualification

'Being an AT(SA) offers lifelong learning and professional development opportunities because you never get to stop learning'

Associate general accountant reveals why she chose to work in the public sector ­– and stayed

Rakshika Danilala is part of the team tasked with auditing the R500-billion fiscal package allocated by government to respond to the Covid-19 pandemic

Accounting for sustainability: A South African case study

The accountancy profession has been recognised and seen its models replicated as successful models for projects that contribute towards the SDGs

Debt management amid Covid-19 and beyond

This webinar on Debt Management, sponsored by Debt Rescue, had its experts share a practical approach to debt management amid this crisis and beyond

NSTF-South32 Awards

All of the awards are made for outstanding contributions to science, engineering, technology and innovation in South Africa

The best local and international journalism

handpicked and in your inbox every weekday