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michael powerlatest news & developments
Republican presidential candidate and former U.S. President Donald Trump talks to reporters at the International Brotherhood of Teamsters headquarters on January 31, 2024 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Economy braces for Trump 2.0

The American presidential hopeful’s world policies make him a bull in a china shop

What goes up must come down: Federal Reserve Board Chair Jerome Powell leaves a news conference in Washington. The Fed’s hiking cycle contributed to the sudden collapse of tech
lender Silicon Valley Bank recently. Photo: Saul Loeb/AFP

Banking shock exposes cheap cash addiction

The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression.  (Photographer: Waldo Swiegers/Bloomberg via Getty Images)

Rand offers cold comfort amid global inflation storm

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression

PODCAST: How South Africa fits into the global economy, pt 2

Michael Power chats to the M&G editor-in-chief and business journalists about South Africa and its place in the global economy

UIF queues: Experts say if joblessness continues to climb past 34.4% of the work force, the economy risks becoming unviable. (Delwyn Verasamy/M&G)

‘Explosive’ jobs crisis imperils South Africa

Experts’ strategies for fixing the unemployment crisis range from devaluing the rand to a universal income grant or accepting debt from loans

PODCAST: How South Africa fits into the global economy

Michael Power chats to the M&G editor-in-chief and business journalists about South Africa and its place in the global economy.

The US Federal Reserve’s Federal Open Market Committee has broken its 14-month policy pause with a significant 50 basis point cut to the federal funds rate. (Mark Wilson/Getty Images)

If the inflation-driving supply strain in the US lasts, it could put South Africa in a chokehold

In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy

Century Property Developments and Riversands Developments have withdrawn a lawsuit against Kristin Kallesen and her non-profit Greater Kyalami Conservancy for the income they have allegedly lost because of objections and appeals raised by her and Gekco against development approvals in and adjoining the conservancy.

Century Property, Riversands Developments sue Joburg environmentalist for R197mn

Century Property Developments and Riversands Developments have ‘no prospect’ of recovering the damages being claimed, say defendants

Slippery and direct

Shaun de Waal reviews Shallow Game by Michael Power, End by Barbara Adair and Porcupine by Jane Bennett.

China loves Africa

If China steps into America’s hegemonic shoes, how will it affect our continent, asks Kelly Rosenthal.