News in South Africa 12th June: 1. Food inflation easing: Food prices in South Africa continue to increase at a startling rate, although the pace of acceleration is easing and possibly faster than is reflected in the official data so far. The cost of a basket of goods in Bloomberg’s South African Shisa Nyama Index, designed […]
News in South Africa 9th June: 1. South Africa risks losing R613 billion: South Africa stands to lose as much as $32.4 billion in export revenue, almost a 10th of its gross domestic product, should some of its main trading partners retaliate against its unwillingness to take a stance against Russia’s war in Ukraine. “Together, […]
News in South Africa 8th June: 1. Deadline for new BEE rules approaches: Members of public in South Africa have just five days left to comment on the Draft Employment Equity (EE) Regulations 2023 on the proposed setting of sector EE targets. The public was given 30 days to comment on the Draft EE Regulations […]
News in South Africa 7th June: 1. Eskom tames load shedding: Power utility Eskom says that recoveries in generation capacity will allow it to suspend load shedding every day until the evening peak. The group said that load shedding will be suspended between midnight and 16h00 on Tuesday (6 June), followed by stage 3 load […]
News in South Africa 6th June: 1. Supermarkets’ diesel bill nears R3bn: The largest supermarket retailers in South Africa have now spent nearly R3 billion on diesel, to enable them to run generators so they could trade through the near-constant load shedding over the past nine months. The bulk of this expense came in the […]
News in South Africa 5th June: 1. Food security and riots warnings: The Consumer Goods Council of South Africa has warned of food shortages which can lead to a repeat of the July 2021 riots which ravaged parts of KwaZulu-Natal and Gauteng. Zinhle Tyikwe, CEO of the Consumer Goods Council, told Business Day TV that around 50% […]
