Five Newsworthy Things in SA 31st October 2023:

News in South Africa 31st October: 1. Election clean up: South Africans should use next year’s elections to vote out “useless” politicians who have failed to prioritise jobs and drive investment, and choose leaders who will get the struggling economy back on track, according to one of the country’s top bankers.  “You have to have […]

Read more
Five Newsworthy Things in SA 9th October 2023:

News in South Africa 9th October: 1. Egg rationing in full swing: The Competition Commission supports the rationing of eggs and chicken, but experts warn it can lead to serious problems. Over the last few weeks, an avian flu outbreak in South Africa caused egg and chicken shortages nationwide. In response to these shortages, retailers […]

Read more
Five Newsworthy Things in SA 6th October 2023:

News in South Africa 6th October: 1. Cost of living crisis: Economists have flagged South Africa’s fiscal crisis, a weakening rand, and the consequences of poor governance – painting a bleak future for the average South African as the cost of living crisis deteriorates. South African Reward Association member Kirk Kruger said South Africans are […]

Read more
Five Newsworthy Things in SA 18th September 2023:

News in South Africa 18th September: 1. Transnet costing economy R1bn daily: Last week, the Durban Chamber of Commerce and Industry called on Public Enterprises Minister Pravin Gordhan to remove Transnet CEO Portia Derby and other key executives, claiming their lack of service delivery is sabotaging business. This is the latest broadside against the state-owned […]

Read more
Five Newsworthy Things in SA 11th September 2023:

News in South Africa 11th September: 1. SA losing $62bn annually to illegal imports: South Africa is losing more than $62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads. This was highlighted at a conference on increased illegal trading in […]

Read more
Five Newsworthy Things in SA 4th September 2023:

News in South Africa 4th September: 1. Social unrest warning: South Africa is at high risk of social unrest due to its high unemployment, rising inequality, and increased lawlessness.  PwC senior economist Xhanti Payi told 702 that South African companies will face increased uncertainty and volatility until the country addresses its major social problems.  “This is something […]

Read more
Five Newsworthy Things in SA 31st August 2023:

News in South Africa 31st August: 1. Rand falls after record budget deficit: The rand dropped, underperforming most emerging-market peers, and yields on South African local-currency bonds rose after data showed the government ran a record budget deficit in July. The rand weakened as much as 0.8% against the dollar after National Treasury figures showed […]

Read more
Five Newsworthy Things in SA 30th August 2023:

News in South Africa 30th August: 1. 5 years more of load shedding: There is no ‘silver bullet’ to end load-shedding, and South Africa’s electricity crisis will be with the country for five more years, despite recent deals made with Chinese representatives. This is the view of energy expert and University of Johannesburg professor Hartmut […]

Read more
Five Newsworthy Things in SA 25th August 2023:

News in South Africa 25th August: 1. South Africa’s ‘true’ crime stats: Stats SA has published the latest Victims of Crime (VoC) survey, showing that thousands of crimes continue to go unreported in South Africa, skewing the true reflection of serious crimes in the country. The survey comes less than a week after the latest […]

Read more
Five Newsworthy Things in SA 7th August 2023:

News in South Africa 7th August: 1. Government credibility scares off investors: The government’s lack of credibility due to its poor economic policy, unsustainable debt burden, and policy uncertainty adds to the risk premium on South African assets, making investors fearful of investing in the country.  Following the South African Reserve Bank’s (SARB) Annual General […]

Read more
Facebook
Twitter
LinkedIn