News in South Africa 4th August: 1. Loadshedding at Stage 4: Power utility Eskom says that load shedding will increase to stage 4 on Thursday (4 August) between 16:00-24:00, due to the continued shortage of generation capacity. “Due to a shortage of generation capacity, coupled with the higher demand due to the colder weather, stage […]
News in South Africa 13th July: 1. New crypto laws: The South African Reserve Bank is set to introduce new regulations around trading cryptocurrency in the country in the next 12-18 months, says deputy governor Kuben Naidoo. Speaking in PSG’s latest Think Big webinar, Naidoo said that South Africa was largely on par with other […]
News in South Africa 28th June: 1. Eskom protest progress: Eskom has put its plans in motion to end protests that have disrupted its operations and break the deadlock at its wage talks – however, unions are pushing for intervention from public enterprises minister Pravin Gordhan. Historically, an intervention from the minister worked in unions’ […]
News in South Africa 12th January: 1. Upcoming risks for South Africa: The World Economic Forum (WEF) has published its global risks report, detailing some of the key risks facing South Africa over the coming years. The forum said that Covid-19 and its economic and societal consequences continue to pose a critical threat to the […]
News in South Africa 7th January: 1. Vaccines lower risk of dying to Omicron: Fully vaccinated individuals have 3.8 times lower risk of dying of the Omicron variant than non-vaccinated individuals. This is according to data by the Western Cape Department of Health, released in a digital briefing on Thursday, which showed the effectiveness of […]
News in South Africa 5th January: 1. Companies named in state capture: Zondo’s report on state capture “will consist of manageable volumes” to deal with different state-owned enterprises (SOEs) to “enable anyone who wishes to read a part of the report that relates to a specific SOE or topic to take the particular volume and […]
News in South Africa 16th November: 1. Growing debt problems: The latest debt index from DebtBusters shows that South African consumers are falling further into financial trouble as people turn to unsecured credit to supplement their paycheques. The group’s third-quarter enquiries show that debt counselling increased by 17% compared to a year ago. Many consumers […]
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 […]
News in South Africa 11th October: 1. Digital vaccine certification struggles: South Africa’s digital Covid-19 vaccine certificate system is experiencing teething problems following its launch on Friday. The health department says it will be resending all Electronic Vaccination Data System (EVDS) numbers to assist people who are struggling to access their certificates. The launch of South […]
News in South Africa 27th September: 1. Finally out of third wave: South Africa has exited the third wave of Covid-19 according to experts, with the country recording an average of 2,000 new cases per day last week – a 40% decline in cases from the week before. According to senior researcher at the CSIR, […]
