News in South Africa 10th January: 1. SA’s R990 billion problem: It’s been nearly a decade of waning foreign interest in South African stocks, with outflows nearing R1 trillion over the period. Last year was the eighth year in a row that foreign investors dumped South African equities — a record-long streak — selling stocks […]
News in South Africa 22nd December: 1. Lights on over festive season: “We will have a festive season with the lights on,” Electricity Minister Kgosientsho Ramokgopa said on Thursday. The country has about 27 700 megawatts available and demand is averaging just more than 24 000 megawatts, Ramokgopa said during a briefing. That’s why we’re […]
News in South Africa 5th December: 1. Load shedding causing mass unemployment: Electricity Minister Kgosientsho Ramokgopa said over 800,000 South Africans stand to lose their jobs due to load-shedding. The Minister recently spoke to Eskom employees at Medupi Power Station, which recently experienced several breakdowns that plunged the company into elevated load-shedding levels. “When Medupi coughs, […]
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 19th May: 1. Price of water has tripled in the past decade: While most of the attention has been on the skyrocketing cost of electricity, especially as load shedding has become a near-permanent feature of daily life, the price households are paying for water has increased by significantly more in the […]
News in South Africa 18th April: 1. Load shedding vs blackout hours: It’s only halfway through April 2023, and South Africa has already experienced as much load shedding (hours) as almost the entirety of 2022 – and the number of hours of blackouts you experience is worse than ever before. These are some of the […]
News in South Africa 30th September: 1. State of disaster continues: If it were up to President Cyril Ramaphosa, the state of disaster would be lifted today. “I would like to see the state of disaster ending as soon as possible, but the science tells us otherwise and that is why we still have a […]
News in South Africa 15th September: 1. Mass exodus of professionals: South Africa’s tax base is steadily declining as more of the country’s skilled professionals look overseas for greener pastures, says Izak Smit, chief executive of the Professional Provident Society (PPS). In an interview with BusinessDay, Smit said that the loss of these workers will not only […]
News in South Africa 25th August: 1. One third of South Africans unemployed: South Africa’s headline unemployment rate hit a record high of 34.4% in the second quarter from 32.6% in the first three months of the year as businesses shed staff due to the devastating economic impact of Covid-19. The rate was the highest […]
News in South Africa 24th June: 1. Gauteng infections and deaths climbing: Gauteng had 10,806 new cases of the coronavirus detected in the province in the previous 24 hours, the National Institute for Communicable Diseases (NICD) announced on Wednesday night, setting a new one-day provincial record. Six out of every ten cases detected were in Gauteng. But […]
