News in South Africa 7th December: 1. SA’s economic growth hampered: Chief economist at Econometrix, Azar Jammine, said that corruption and a lack of infrastructure investment could hamper the country’s economic growth. The economy grew by 1.6% in the third quarter of 2022, after contracting by 0.7% in the second quarter. But Jammine was worried that […]
News in South Africa 6th December: 1. Politics draining rand: The South African rand clawed back some of its losses since the release of the explosive section 89 report on president Cyril Ramaphosa’s Phala Phala farm last week, but it remains in shaky space as political uncertainty persists. The rand recovered to around R17.19 a […]
News in South Africa 5th December: 1. Load shedding issues worsen: While South Africa’s political space sits in a state of turmoil, the country’s power situation has been there for a long time – and is expected to get worse when Koeberg Unit 1 is pulled offline this week. On Thursday, 8 December 2022, Unit 1 […]
News in South Africa 1st December: 1. SA’s wealthy donated R6.8bn to needy: The latest Nedbank Private Wealth Giving Report shows that 83% of South Africa’s high-net-worth individuals (HNWIs) showed up to make a difference in 2021, by giving of their time, money, goods and services to worthy causes – despite the Covid-19 pandemic. Published last week, […]
