News in South Africa 13th November: 1. SA’s ‘too white’ farms may lose export access: South African farms deemed “too white” will no longer be able to export their produce to the UK and the EU, according to postings in the Government Gazette, the Johannesburg-based City Press newspaper reported. Under the rules, farmers must meet […]
News in South Africa 11th October: 1. SA is falling apart: South Africa is falling apart, with unreliable electricity, poor railways, ports which do not function properly, a dilapidated road network, and deteriorating state finances. Late last month, Transnet CEO Portia Derby and CFO Nonkululeko Dlamini resigned, with Transnet Rail CEO Siza Mzimela following suit […]
News in South Africa 6th September: 1. Households at breaking point: Households in South Africa have been hit by a “tsunami” of cost pressures, with the two biggest sources of energy now threatening to push many over the edge. The cost of petrol and diesel have shot up dramatically from today (Wednesday, 6 September), increasing between […]
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 […]
News in South Africa 26th July: 1. Food price relief: South Africa’s food inflation should continue to decline, despite new risks facing agriculture in South Africa. According to Stats SA, Consumer Price Inflation (CPI) cooled from 6.3% in May to 5.4% in June – the lowest reading since 5.0% in October 2021. Crucially, annual inflation […]
News in South Africa 24th July: 1. Good week tainted by 2 industries: South Africa had a great week on the economic front last week, with Stats SA reporting a significant drop in inflation, the Reserve Bank holding on interest rates and the rand ending stronger against the dollar. However, economists at the Bureau for […]
News in South Africa 20th June: 1. Roads leading to food shortage: Farmers are being driven to desperation over the poor state of roads. Some are now maintaining roads themselves to get their produce to market. AgriSA says poorly maintained roads are just one of the many issues faced by local farmers. This results in […]
News in South Africa 12th May: 1. Cyril investigates arming Russia allegations: South African President Cyril Ramaphosa instituted an inquiry into allegations that the country supplied weapons and ammunition to Russia, despite Pretoria having taken a neutral stance on its invasion of Ukraine. Ramaphosa announced the probe on Thursday, hours after US Ambassador to South […]
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 […]
News in South Africa 15th February: 1. Inquiry into food prices launched: The Department of Trade and Industry and Competition has gazetted the terms of reference for a wide-reaching market inquiry related to the fresh produce market in South Africa, including prices. The inquiry, conducted by the Competition Commission, will investigate market conditions all along […]
