News in South Africa 21st December: 1. Festive road fiasco: South Africa’s roads are hazardous, more so over the festive season when dangers multiply with more motorists reported to be driving under the influence. In one week alone, the Western Cape recorded a more than 300% increase in drunken driving arrests, with other provinces echoing […]
News in South Africa 22nd November: 1. Inflation rises ahead of SARB decision: South Africa’s annual consumer price inflation (CPI) rose slightly in October, reaching the upper end of the South African Reserve Bank’s (SARB) target range. StatsSA announced today that annual CPI was 5.9% in October 2023, up from the 5.9% recorded in September […]
News in South Africa 26th September: 1. Storms flood Western Cape: Heavy rains and winds battered the Western Cape on Sunday and Monday, forcing hundreds of families to flee their flooded homes. In Covid Village in Mfuleni, a man died, apparently electrocuted by a live wire in the water. About 2 000 families fled their […]
News in South Africa 14th February: 1. Rand crashes through R18/$: The rand is trading on the wrong side of R18/$ for the first time in more than three months, as expectations grow that US interest rates may still climb much higher. On Monday morning, the local currency declined to R18.06/$, after trading around R17.50 […]
News in South Africa 9th January: 1. New goals for government: ANC president Cyril Ramaphosa said load shedding, crime, and corruption were harming the party’s public standing and should be tackled head-on in its 2023 priorities. Ramaphosa was speaking at the party’s January 8 birthday celebrations in Bloemfontein, the Free State, on Sunday. The speech […]
News in South Africa 15th December: 1. Joburg gets a break from load shedding: Power utility Eskom says it will give the City of Johannesburg’s City Power a reprieve from load shedding. This follows requests from the city this week for a three-day break from rolling blackouts so it could attend to disaster-struck areas. “Eskom […]
News in South Africa 1st December: 1. SA’s wealthy donated R6.8bn to needy: The latest Nedbank Private Wealth Giving Report shows that 83% of South Africa’s high-net-worth individuals (HNWIs) showed up to make a difference in 2021, by giving of their time, money, goods and services to worthy causes – despite the Covid-19 pandemic. Published last week, […]
News in South Africa 30th November: 1. Eskom’s power station shut down plan: Eskom plans to decommission and repurpose coal-fired power plants at Camden, Hendrina, and Grootvlei at an estimated $2.6 billion (R44 billion) for the three. This follows the government decommissioning and repurposing of its oldest power station Komati in Mpumalanga, with the help […]
News in South Africa 24th November: 1. SARB rate hike today: The rand firmed overnight to trade below R17 to the US dollar on Thursday morning – its strongest level since late August. The local currency was trading at R16.93 at around 06:00, buoyed by news out of the US that the Federal Reserve may […]
News in South Africa 23rd November: 1. Eskom in dire need of funds: Eskom has approached National Treasury asking for another R15 billion for diesel and other fuel so that it can keep the lights on in the country. The power utility has run out of fuel to power its open-cycle gas turbines, which are […]
