Five Newsworthy Things in SA 31st August 2023:

News in South Africa 31st August: 1. Rand falls after record budget deficit: The rand dropped, underperforming most emerging-market peers, and yields on South African local-currency bonds rose after data showed the government ran a record budget deficit in July. The rand weakened as much as 0.8% against the dollar after National Treasury figures showed […]

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Five Newsworthy Things in SA 30th August 2023:

News in South Africa 30th August: 1. 5 years more of load shedding: There is no ‘silver bullet’ to end load-shedding, and South Africa’s electricity crisis will be with the country for five more years, despite recent deals made with Chinese representatives. This is the view of energy expert and University of Johannesburg professor Hartmut […]

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Five Newsworthy Things in SA 29th August 2023:

News in South Africa 29th August: 1. Over 900 businesses closed in 2023: Data from Stats SA shows that 140 businesses in South Africa were liquidated in July. According to Stats SA, the 127 businesses closed down voluntarily, while 13 did so on a compulsory basis. This takes the total number of liquidations in South […]

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Five Newsworthy Things in SA 28th August 2023:

News in South Africa 28th August: 1. Investors on edge: Capital markets are on edge over South Africa’s deteriorating fiscal outlook, say economists at the Bureau for Economic Research (BER), with government data on revenue expenditure out later this week likely to be of particular interest to investors. National Treasury is due to release its […]

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Five Newsworthy Things in SA 25th August 2023:

News in South Africa 25th August: 1. South Africa’s ‘true’ crime stats: Stats SA has published the latest Victims of Crime (VoC) survey, showing that thousands of crimes continue to go unreported in South Africa, skewing the true reflection of serious crimes in the country. The survey comes less than a week after the latest […]

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Five Newsworthy Things in SA 23rd August 2023:

News in South Africa 23rd August: 1. Petrol price spike: Vehicle finance group WesBank says that a weaker rand and rising oil prices are converging to deliver a blow to motorists in September. “As September approaches, the convergence of oil prices and the rand/dollar exchange rate assumes paramount significance in shaping local fuel prices,” the […]

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Five Newsworthy Things in SA 22nd August 2023:

News in South Africa 22nd August: 1. Missteps impact country growth: South Africa is suffering a death by 1,000 cuts from repeated own goals, such as the country’s elevated load-shedding levels, logistical inefficiencies, and financial greylisting.  Standard Bank CEO Sim Tshabalala told Newzroom Afrika that the negative impact of repeated missteps by South Africa is […]

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Five Newsworthy Things in SA 21st August 2023:

News in South Africa 21st August: 1. SA remains neutral: Ahead of the 15th Brics Summit in South Africa, President Cyril Ramaphosa told the nation SA would not be drawn into a contest between global powers. In an address to the nation on Sunday evening, Ramaphosa said the country was committed to a policy of non-alignment.  […]

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Five Newsworthy Things in SA 18th August 2023:

News in South Africa 18th August: 1. Food price warning: Economists have warned that drier weather conditions and recent developments in international trade could lead to food price increases. According to Stats SA, annual inflation for food and non-alcoholic beverages – a central reason for high headline inflation – dropped from 11.9% in May to […]

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Five Newsworthy Things in SA 16th August 2023:

News in South Africa 16th August: 1. Unemployment concerns: Despite a slight drop in the unemployment rate economists still believe that far too many people in South Africa remain unemployed. On Tuesday, Statistics South Africa released the second Quarter Labour Force Survey for the period starting from 1 April to the end of June 2023. […]

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