News in South Africa 16th February: 1. Bad news for taxpayers: The Finance Minister will likely announce an increase in tax rates in the Budget Speech later this month as the government’s revenue collections continue to disappoint, leaving a gap of R15 billion to be filled. This is feedback from financial services firm PwC, which […]
News in South Africa 12th January: 1. SA to pay back R28 billion: Nations in Sub-Saharan Africa have been locked out of international debt markets for 22 months now, and investors are increasingly betting the drought will soon end as countries seek funding for a slew of principal payments coming due this year and next. […]
News in South Africa 20th December: 1. 20 Durban beaches open: As thousands of holidaymakers are expected to descend on Durban shores for the festive season, eThekwini Municipality Mayor Mxolisi Kaunda has assured visitors and residents that the city’s beaches are safe for swimming. Kaunda gave his assurance as he officially reopened the iconic uMhlanga […]
News in South Africa 6th December: 1. Govt pollution harms children: Two studies ordered by South Africa’s government into the impact of air pollution on community and child health showed emission limits it imposed on companies that emit the toxins are insufficient. The studies were undertaken in key industrial regions by academics at the University […]
News in South Africa 28th November: 1. Over 1000 businesses closed in 2023: Data from Stats SA shows that 136 businesses closed their doors in October. According to Stats SA, the 120 businesses closed down voluntarily, while 16 did so on a compulsory basis. This means that over 1,376 businesses have been liquidated since the […]
News in South Africa 17th November: 1. Technical recession avoided: South Africa’s economy is likely to have averted a technical recession in the third quarter despite record power outages, key data indicates. Better-than-expected mining and manufacturing output are set to outweigh relatively soft retail sales data, suggesting Africa’s most industrialized economy returned to growth in […]
News in South Africa 27th November: 1. Black Friday shopping warning: Long queues and crowds are a common feature of Black Friday as consumers hunt down the best deals — and health minister Zweli Mkhize has cautioned shoppers to be careful to avoid any chance of contracting Covid-19. Mkhize said consumers should make sure their Black […]
