News in South Africa 8th June: 1. Deadline for new BEE rules approaches: Members of public in South Africa have just five days left to comment on the Draft Employment Equity (EE) Regulations 2023 on the proposed setting of sector EE targets. The public was given 30 days to comment on the Draft EE Regulations […]
News in South Africa 22nd May: 1. Stage 8 all but certain: Business interest group BLSA says that stage 8 load shedding is all but certain in the coming months, warning that companies relying on diesel to keep their operations going during outages will be hit even harder as the lights go out for as […]
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 13th February: 1. 68% chance of recession: South Africa’s economy is increasingly vulnerable to a recession in the next 12 months, with an ongoing electricity crisis seen further curbing activity. The probability of a recession stands at 68%, up from odds of 45% in January, according to Bloomberg’s latest monthly survey […]
News in South Africa 24th January: 1. Over 1 900 business shut down in 2022: Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. […]
News in South Africa 12th January: 1. Load shedding to damage infrastructure: Raised levels of load-shedding are a crisis for the Tshwane municipality, affecting the condition of its electricity network and its ability to attend to outages. City of Tshwane MMC for utilities and regional operations Daryl Johnston made this comment on Wednesday after Eskom […]
News in South Africa 6th January: 1. Rand weakens over red flags: The South African rand has weakened alongside other emerging market currencies as the dollar rebounded this week. On Thursday (5 January), the rand weakened in early trade as investors awaited the monthly purchasing managers’ index (PMI) survey by S&P Global to find clues […]
News in South Africa 29th November: 1. Infrastructure growth not a reality: The South African government has put a spin on infrastructure projects worth billions of rands as a way to drag the economy out of stagnation – but the PR belies the reality that not much has been done over the last few years […]
News in South Africa 15th November: 1. Hopes of business growth: Despite an anticipated recession South African CEOs are already mitigating against expected risks with hopes of shaping business growth over the next few years. This is according to KPMG’s 2022 CEO Outlook Survey, which examined 1 325 CEOs around the world on their three-year […]
News in South Africa 26th July: 1. The ‘real’ value of the rand: The Economist has updated its Big Mac Index for mid-2022, showing how the rand continues to be one of the most undervalued currencies globally, relative to the US dollar. The Big Mac Index is an initiative created by The Economist that aims […]
