News in South Africa 26th January: 1. Sarb expected to moderate rate hikes: South Africa’s central bank is set to moderate its most aggressive interest-rate hiking cycle in at least two decades Thursday, and economists and traders will be on high alert for any signs of a pivot away from policy tightening. The median expectation […]
News in South Africa 25th January: 1. R1.2trn needed for food import costs: Farmers in Africa will need as much as $65 billion (nearly R1.2 trillion) in loans annually to produce enough food to curb imports and cushion their economies from external shocks. The continent imports over 100 million metric tons of cereals at an […]
News in South Africa 24th January: 1. Over 1 900 business shut down in 2022: Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. […]
News in South Africa 23rd January: 1. Interest rate decision: South Africa’s Monetary Policy Committee (MPC) will hold its first meeting of the year to decide on interest rates on Thursday, and while economists agree that the central bank will continue to hike rates, they are split on the size of the increase. Last year was […]
News in South Africa 20th January: 1. Four day work week debate: The four-day workweek, and the flexibility it could provide, is a hot topic at the annual World Economic Forum in Davos, Switzerland, this year. This comes shortly after the results of a six-month trial on the subject were released. It found participating companies had increased revenue and […]
News in South Africa 19th January: 1. Eskom diesel nightmare: Eskom is living hand-to-mouth in its efforts to obtain the diesel needed to continue running its open-cycle gas turbines (OCGTs), which, in the face of prolonged power generation outages, is the only way the utility can stave off severe and ongoing curtailment of South Africa’s […]
News in South Africa 18th January: 1. Food shocker due to load shedding: The price of some staple food groups is expected to rise as load shedding takes its toll on the agricultural sector, says Christo van der Rheede, an executive director at Agri SA. Speaking to 702, Van der Rheede said that load shedding is […]
News in South Africa 17th January: 1. Hardships pile up for consumers: Economists are raising red flags over higher inflation rates, which will invariably lead to more interest rate hikes from the South African Reserve Bank (SARB) as South Africans continue to sit under the pressure of high levels of load shedding and a massive […]
News in South Africa 16th January: 1. Ramaphosa stays home for power crisis: President Cyril Ramaphosa has cancelled his visit to Switzerland to urgently attend to the energy crisis back home. Ramaphosa was scheduled to travel to Davos for the World Economic Forum summit, an annual meeting of world leaders, business and civil society which […]
News in South Africa 12th January: 1. Load shedding to damage infrastructure: Raised levels of load-shedding are a crisis for the Tshwane municipality, affecting the condition of its electricity network and its ability to attend to outages. City of Tshwane MMC for utilities and regional operations Daryl Johnston made this comment on Wednesday after Eskom […]
