News in South Africa 19th February: 1. Petrol price storm approaches: South African consumers are heading into a fuel price storm, with a petrol and diesel hike coming in March, possible fuel tax hikes in April, and the wider impact on transport, shelf prices and inflation likely to be felt in the months that follow. […]
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 February: 1. Budget Speech incoming: Budget Speech season is here and based on Finance Minister Enoch Godongwana’s mid-term presentation, we can expect many complex challenges to be unpacked. Godongwana has projected that the government will miss its revenue targets by nearly R57 billion for the 2023/24 tax year, and then […]
News in South Africa 6th February: 1. Consumer relief on the horizon: Battered by low wage growth, high interest rates, and increasing debt levels, many South African consumers are in the worst financial shape they’ve been in for years, maybe even decades. The result is a persistently weak economy. This faltering economy, driven mostly by […]
News in South Africa 17th January: 1. Social unrest warning: South Africa is becoming increasingly fragile as it loses key social cohesion functions, risking increased violence, dissatisfaction and social unrest. This is the view of Wits governance expert Professor Alex van den Heever, who told SABC News that South Africa is showing an increase in fragility. His […]
News in South Africa 15th January: 1. Massive electricity price hike: Despite having the worst year of load shedding in 2023, and many analysts noting it is firmly here to stay in 2024, South Africans must prepare for another double-digit Eskom tariff increase this year. In December 2023, the High Court of South Africa rejected […]
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 24th November: 1. SARB keeps rates on hold: For its final decision of the year, the Monetary Policy Committee left SA’s key interest rate unchanged at 8.25% for a third consecutive meeting, in line with economists’ expectations. This comes after annual consumer price inflation leapt to 5.9% in October from 5.4% […]
