News in South Africa 15th September: 1. New SOE plan proposal: A radical new model for SA’s troubled state-owned enterprises (SOEs) could be on the cards, with the approval this week of the draft National State Enterprises Bill, which would lay the basis for private equity investment in state companies and listings on the stock […]
News in South Africa 4th July: 1. Food supply under threat: PwC has warned that South Africa is at risk of heightened food insecurity with load-shedding, adverse weather, and deteriorating infrastructure disrupting the country’s food supply. This is from the financial advisory firm’s South Africa Economic Outlook, released in June, where it discussed how businesses […]
News in South Africa 16th August: 1. New border laws: The Department of Home Affairs has announced the commencement of South Africa’s new border management laws, which take effect this week. The Border Management Authority (BMA) Act has taken effect from Monday, 15 August, with most sections commencing, according to Home Affairs minister, Aaron Motsoaledi. […]
News in South Africa 7th October: 1. UK set to slash red list: Ministers will slash England’s travel red list to about a dozen countries, but plans for replacing the requirement for a negative PCR test with a lateral flow one to avoid isolation hang in the balance. Destinations including Brazil, Mexico and South Africa […]
News in South Africa 4th August: 1. Schools completely looted: Schools across Gauteng and KwaZulu-Natal (KZN) were looted and damaged during the recent bout of civil unrest, piling more pressure onto the education sector which has already been hurt by Covid-19 and associated lockdowns. The pandemic has had a devastating impact on education in South […]
News in South Africa 8th October: 1. Pick n Pay warns of profit fall: Pick n Pay warned that its headline profit will fall by between 50% and 60% in the six months to end-August. Core retail sales – including food, groceries and general merchandise, but excluding liquor, clothing and tobacco – grew 8.7% year-on-year […]
News in South Africa 7th October: 1. Unions strike today: Union federations are expected to strike today, disrupting business and services across all sectors. The unions are protesting government’s failure to honour wage agreements, corruption and looting of state resources, and inadequate protections against Covid-19 in the workplace. Services such as health care and education […]
News in South Africa 6th October: 1. Health department under scrutiny: The Gauteng government is facing increasing scrutiny over its health infrastructure spend. The pressure is such that Premier David Makhura is reported to be planning a press conference on Thursday 8 October at Chris Hani Baragwanath Hospital to provide “a comprehensive update of all […]
News in South Africa 5th October: 1. Cosatu to strike from Wednesday: As the Congress of South African Trade Unions (Cosatu) prepares to lead protests against corruption and other issues across the country this week, its leaders have dismissed suggestions that the action will be detrimental to the economy. Between April and June, 2.2 million South Africans […]
