Five Newsworthy Things in SA 29th March 2023:

News in South Africa 29th March: 1. Investigation on essential food prices: South Africa’s Competition Commission said it’s investigating the price of a range of essential-food products, after consumers were subjected to “unjustified increases” over the past two years. A probe is being conducted into the cost of goods, including bread, cooking oils, corn meal, […]

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Five Newsworthy Things in SA 28th March 2023:

News in South Africa 28th March: 1. Civil servants may accept pay hike: South African public servants are likely to accept the government’s latest wage offer, according an initial estimate of a ballot of labour-union members. Employee groups representing about 1.3 million government workers are currently seeking a mandate from their members to accept a […]

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Five Newsworthy Things in SA 23rd March 2023:

News in South Africa 23rd March: 1. Extreme concern among consumers: South African consumers are highly stressed and hold no high hopes for an easier time in 2023, the latest FNB/BER Consumer Confidence Index (CCI) shows – but wealthier consumers, with the greatest spending power, are the most down in the dumps. After showing some […]

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Five Newsworthy Things in SA 22nd March 2023:

News in South Africa 22nd March: 1. Taxpayers think load-shedding is endless: A report commissioned by BrandMapp found that 50% of South African taxpayers believed load-shedding would never end. The report used data from 1,496 South Africans who stayed in households that earn above R10,000 per month, meaning they are taxpayers. 72% of South Africa’s […]

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Five Newsworthy Things in SA 20th March 2023:

News in South Africa 20th March: 1. D-Day for national shutdown: In just a few hours, Julius Malema and his political party, the Economic Freedom Fighters (EFF) will attempt to shut down the country. He is urging party members to protest in full force and without fear. Some government leaders have warned that this will […]

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Five Newsworthy Things in SA 17th March 2023:

News in South Africa 17th March: 1. Groceries cost 50% more: Over the past year, overarching factors such as geopolitical unrest, a weaker rand, and persistent and escalating load shedding have elevated food price inflation in South Africa – resulting in most consumers spending almost 50% more on groceries since 2019. This is according to […]

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Five Newsworthy Things in SA 15th March 2023:

News in South Africa 15th March: 1. Big risks ahead for businesses: Risks to business in South Africa are changing rapidly, and it’s keeping insurers awake at night, says Lizo Mnguni, spokesperson for Old Mutual Insure. Such risks are likely to impact the insured during 2023 and significantly affect those that do not have any […]

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Five Newsworthy Things in SA 14th March 2023:

News in South Africa 14th March: 1. Economy battered: According to Stats SA gross domestic product (GDP), the broadest measure of economic activity, declined by 1.3% from the third to the fourth quarter, adjusted for inflation and seasonality. This was much worse than expected and is a big number in absolute terms. It does not take a […]

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Five Newsworthy Things in SA 13th March 2023:

News in South Africa 13th March: 1. South Africa is in trouble: Whether South Africa is pushed into a full recession in 2023 or not, the country’s economy is in trouble, say economists at the Bureau for Economic Research (BER). The country was hit with a barrage of bad news last week – starting with […]

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Five Newsworthy Things in SA 10th March 2023:

News in South Africa 10th March: 1. Infrastructure collapsing under R79bn debt: By the end of December 2022, the total debt owed by around 100 municipalities to Eskom totalled R56.3 billion. Just 15 months prior, at the end of September 2021, total municipal debt to Eskom was R40.9 billion. That’s an increase of nearly 40% […]

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