Data on Monday painted a dire picture for the world’s second-largest economy, which is still grappling with a wave of Covid-19
An employee passes share price information displayed on an electronic board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR
Chinese industrial output unexpectedly fell 2.9% in April from a year ago, while retail sales contracted 11.1% in the period, much worse than the expected 6.6% fall. The unemployment rate climbed to 6.1% and the youth jobless rate hit a record, Bloomberg reported The local bourse rose by more than 2% on Friday after US Federal Reserve chair Jerome Powell once again played down the chances of 75 basis point interest rate hikes, comments that followed hotter-than-expected inflation numbers for April
Property developer Calgro M3 is due to release its results for the year to end-February later, and has flagged a sharp rise in profit for the period, partly benefiting from the recent closure of its construction business.
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.
Brace yourself: loadshedding shifts to Stage 3 on Monday and TuesdayDue to a continued loss of generating capacity, Stage 2 loadshedding will be implemented from 17:00 until 22:00 tonight, and Stage 3 will be implemented on Monday and Tuesday evening.
Read more »
Eskom power cuts increase to Stage 3 from Monday — here is the scheduleEskom has announced that load-shedding will increase from Stage 2 to Stage 3.
Read more »
Brace yourself: load-shedding shifts to Stage 3 on Monday and TuesdayDue to a continued loss of generating capacity, Stage 2 loadshedding will be implemented from 17:00 until 22:00 tonight, and Stage 3 will be implemented on Monday and Tuesday evening.
Read more »
JUST IN | Load shedding to resume at 17:00 and escalate to Stage 3 on Monday night | Fin24South Africans are in for more intense power cuts this week. Eskom will implement Stage 3 loadshedding on Monday and Tuesday evening. | Fin24
Read more »