News in South Africa 27th February: 1. Major new financial laws: The highly anticipated Conduct of Financial Institutions (COFI) Bill is set to have major ramifications across several industries. Although the Bill is unlikely to be tabled before Parliament rises ahead of the elections on May 29 2024, marketplaces are both excited and cautious. The Bill […]
News in South Africa 9th January: 1. Challenging year ahead: Some economists are predicting a challenging economic environment for South Africa in 2024 as domestic and global headwinds persist. The early-year forecasts comes amid an unresolved energy crisis, bottlenecks in the logistics sector and the pending general elections. The deteriorating state of the country’s public […]
News in South Africa 17th March: 1. Groceries cost 50% more: Over the past year, overarching factors such as geopolitical unrest, a weaker rand, and persistent and escalating load shedding have elevated food price inflation in South Africa – resulting in most consumers spending almost 50% more on groceries since 2019. This is according to […]
News in South Africa 2nd August: 1. Visa processing delayed: Visa processing delays are frustrating South Africans who are looking to travel abroad, with appointments for interviews with the United States (US) consulate only available from February 2023. “Visa availability continues to be a struggle for travellers,” warned corporate and online travel management company Rennies […]
News in South Africa 27th July: 1. Ramaphosa’s Eskom solutions: Eskom will on an urgent basis in the next three months accelerate efforts to add new generation capacity to its faltering grid. The intervention was among a raft of energy security plans for the country announced by president Cyril Ramaphosa during an address to the […]
News in South Africa 5th May: 1. New Covid rules for travel: South Africa has a new set of coronavirus entry rules for travellers from 5 May, after a late-night update to regulations, just hours before interim measures were due to lapse. Health minister Joe Phaahla established the new Covid-19 rules under his power to deal […]
News in South Africa 28th December: 1. World economy to surpass $100 trillion: The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Global gross domestic product will be lifted by the continued recovery from […]
News in South Africa 21st December: 1. Covid – cases drop but deaths rise: South Africa’s daily coronavirus cases almost halved amid a fourth wave of infections fueled by the omicron variant. The country recorded 8,515 new infections in the past 24 hours, data from the National Institute for Communicable Diseases showed Monday. That’s a […]
News in South Africa 30th November: 1. Mandatory vaccines coming: As the government moves to consult and investigate vaccine mandates amid calls from businesses and other groups that they are implemented as soon as possible, legal opinions are coming around how viable such mandates could be in the eyes of the law. Legal experts believe […]
1. Over 6.1mil South Africans vaccinated: The National Institute for Communicable Diseases (NICD) said that over 6.1 million South African were now fully vaccinated with either the on-shot Johnson & Johnson vaccine or the double dose Pfizer jab. About 15% of the country’s adults are fully vaccinated compared to about 24% of those 18 years […]
