News in South Africa 12th November: 1. Budget speech receives mixed reviews: Finance Minister Enoch Godongwana’s Medium-term Budget Policy Statement (MTBPS) has received mixed reaction, with some opposition parties welcoming his stance on government spending. Tabling his statement, Godongwana said that consolidated government spending was expected to increase over three years. But he announced no […]
News in South Africa 11th November: 1. Mid-Term budget speech today: Finance minister Enoch Godongwana will deliver his maiden Medium Term Budget Policy Statement (MTBPS) at 14h00 on Thursday (11 November). The MTBPS can be viewed through several channels, including TV services like DStv, news channels, and live-streaming sources like YouTube. You can watch the […]
News in South Africa 10th November: 1. Restaurants load shedding struggles: Restaurants roll out generators to fight load shedding – at a cost of R1,000 per hour. South Africa’s embattled restaurant industry is being battered by load shedding, turning to petrol and diesel generators to keep the lights on. But record-high fuel prices, following months […]
News in South Africa 9th November: 1. Load shedding at stage 4 all week: More than half of Eskom’s installed capacity was offline on Monday, necessitating the move to stage 4 load shedding for the rest of the week. As the country is plunged into darkness at least three times a day, president Cyril Ramaphosa, […]
News in South Africa 8th November: 1. Load shedding crisis: South Africa’s load shedding crisis could escalate as Eskom’s relationship with service providers, Tenova Mining and Minerals SA, has reportedly soured to the point that critical work at the Kusile power stations has stopped. A contractual dispute with Eskom has reportedly led to work on […]
News in South Africa 5th November: 1. ANC gets 46% in local elections: South Africa entered new political territory on Thursday as most voters turned against the ANC for the first time in the democratic era. The ANC suffered a historic loss, ending the elections with 46% of the vote, followed by the DA with […]
News in South Africa 4th November: 1. Food prices continue to climb: Times are tough and are getting increasingly more difficult for consumers in South Africa. Petrol prices are rising almost on a monthly basis, often above inflation – and to a record high on Wednesday – while food prices continue to climb and Eskom […]
News in South Africa 3rd November: 1. Load shedding causing mass job loss: The ongoing power cuts in South Africa are expected to result in the shedding of at least 350 000 jobs, despite projections of 3.9% economic growth for 2021. This is according to a research report by accounting firm PwC, which notes that the return […]
