Just got a cupcake and sparkler from the Alumni Office โ guess Iโm officially a fire hazard now. Cheers to 33 years of brilliance, resilience, and surprise emails. ๐โจ
Trying House of Coffee Medium Dark Roast. I know itโs late, but I couldnโt help myself. Whipped out the coffee machineโone cup later and here I am, wide awake and tweeting โ๐
The #IASB proceeds with 7 illustrative examples to improve uncertainty reporting in financial statements.
๐ Draft Q3 2025 | Final Oct 2025
https.://www.ifrs.org/content/ifrs/home/news-and-events/news/2025/06/iasb-to-finalise-examples-reporting-uncertainties-fs-climate.html
Did you know that the Reserve Bank is prohibited by law from issuing money to fund public projects?
According to the Reserve Bank Act, its primary mandate is to protect the value of the currency, i.e., control inflation, not to fund public spending. Hence this๐๐พ
๐ S&P affirms South Africaโs rating at BB- with a positive outlook.
โ Reform momentum (energy, logistics)
โ๏ธ Fiscal risks remain (R75bn gap)
๐ Upgrade possible if debt stabilizes & growth improves
๐ฟ๐ฆ Delivery is key. Eyes on October budget.
#SouthAfrica#SPGlobal
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Bottom line:
โ The ECB rate cut may mark a turning point
โ Good for the rand and global confidence
โ SARB might cut later โ making loans cheaper
โ BUT local policy must follow through for you to truly benefit
#Finance#ECB#SouthAfrica#SARB#Rand#InterestRates
๐งต THREAD: ECB Rate Cut โ What It Means for You as a South African ๐ฟ๐ฆ๐ธ
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The European Central Bank just cut interest rates for the first time since 2019.
Hereโs what it means for your money, the rand, inflation, and even your job prospects.
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But caution... โ ๏ธ
A stronger rand hurts exporters.
SA still faces political risk, poor infrastructure, and power uncertainty.
Global trends help, but local reforms matter more.