News in South Africa 10th October: 1. Wrong side of the war: The war between Israel and Hamas could be another conflict in which South Africa is deemed to be on the wrong side. In a rand note, Investec Chief Economist Annabel Bishop said that the stronger-than-expected US payroll data saw the rand weaken to […]
News in South Africa 9th October: 1. Egg rationing in full swing: The Competition Commission supports the rationing of eggs and chicken, but experts warn it can lead to serious problems. Over the last few weeks, an avian flu outbreak in South Africa caused egg and chicken shortages nationwide. In response to these shortages, retailers […]
News in South Africa 6th October: 1. Cost of living crisis: Economists have flagged South Africa’s fiscal crisis, a weakening rand, and the consequences of poor governance – painting a bleak future for the average South African as the cost of living crisis deteriorates. South African Reward Association member Kirk Kruger said South Africans are […]
News in South Africa 4th October: 1. Eggs rationed: Woolworths and Pick n Pay are rationing eggs to customers in a bid to ensure regular supply as SA’s worst ever avian influenza outbreak continues to gather momentum. Woolworths said in response to questions on Tuesday that it had “implemented a limit on whole egg purchases […]
News in South Africa 3rd October: 1. SA has run out of money: South Africa is facing a severe budget shortfall, and with a stagnant, over-taxed tax base and massive debt, the government has run out of ways to raise more money. This is the warning from the South African Institute of Taxation CEO Keith […]
