News in South Africa 29th January: 1. SA risks losing out on new ‘gold rush’: The world’s need to decarbonise should benefit South Africa’s mining sector – but government inefficiencies are pushing the industry off the rails. Business Leadership South Africa CEO Busiswe Mavuso said the rapid deterioration of Transnet’s ability to move resources across […]
News in South Africa 13th September: 1. Stage 6 load shedding: South African electricity outages remain at record levels despite the state power utility burning through vast quantities of diesel to bolster output. Eskom said Tuesday that Stage 6 power cuts, whereby 6,000 megawatts of capacity is removed from the grid to prevent a total […]
News in South Africa 18th August: 1. Food price warning: Economists have warned that drier weather conditions and recent developments in international trade could lead to food price increases. According to Stats SA, annual inflation for food and non-alcoholic beverages – a central reason for high headline inflation – dropped from 11.9% in May to […]
News in South Africa 16th May: 1. SA beats climate targets… due to load-shedding: South Africa is ahead of its target for cutting emissions of greenhouse gases due to ongoing breakdowns at its coal-fired power stations. The output of the climate-warming gases from the world’s 14th-biggest emitter is already falling even though its Nationally Determined […]
News in South Africa 15th February: 1. Inquiry into food prices launched: The Department of Trade and Industry and Competition has gazetted the terms of reference for a wide-reaching market inquiry related to the fresh produce market in South Africa, including prices. The inquiry, conducted by the Competition Commission, will investigate market conditions all along […]
News in South Africa 4th January: 1. Petrol price drop: Motorists can breathe a sigh of relief this week with petrol and diesel prices seeing a substantial drop in the price from Wednesday, 4 January. However, households will remain under pressure due to high food costs, analysts warn. Petrol prices will be coming down by […]
News in South Africa 9th November: 1. COP27 pledges $10bil to go green: South Africa is one of the winners at COP27 — the International Partner Group (IPG) of five nations pledged an extra $10-billion to support the country’s transition investment plan from fossil fuels — but it will be costly. This was announced by […]
News in South Africa 10th October: 1. SA on the brink of disaster: Former reconstruction and development minister Jay Naidoo says South Africa is in serious trouble and is showing signs of a failed state. Naidoo is a seasoned politician who was the founding general secretary of the Congress of South African Trade Unions (Cosatu). […]
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 3rd November: 1. Load shedding causing mass job loss: The ongoing power cuts in South Africa are expected to result in the shedding of at least 350 000 jobs, despite projections of 3.9% economic growth for 2021. This is according to a research report by accounting firm PwC, which notes that the return […]
