News in South Africa 11th August: 1. SA R500 billion in debt: South Africa will need to borrow R500 billion over the next year, or R2 billion per weekday on average, to fund its current fiscal deficit and refinance maturing debt. This increases the risk of investing in the country and increases borrowing costs for […]
News in South Africa 26th July: 1. Food price relief: South Africa’s food inflation should continue to decline, despite new risks facing agriculture in South Africa. According to Stats SA, Consumer Price Inflation (CPI) cooled from 6.3% in May to 5.4% in June – the lowest reading since 5.0% in October 2021. Crucially, annual inflation […]
News in South Africa 24th July: 1. Good week tainted by 2 industries: South Africa had a great week on the economic front last week, with Stats SA reporting a significant drop in inflation, the Reserve Bank holding on interest rates and the rand ending stronger against the dollar. However, economists at the Bureau for […]
News in South Africa 21st July: 1. Financial stress climbing: A survey of more than 35 000 people has revealed that 55% spend more than 40% of their take-home pay on debt repayments, while 37% say more than half their available income goes straight to servicing debt. Nearly 80% of respondents say that they “experience […]
News in South Africa 5th July: 1. Severe water shortage: Experts are warning of a looming water crisis on a scale worse than load-shedding in South Africa as criminal syndicates have begun targeting water infrastructure to score tenders. Professor Anthony Turton from the Centre for Environmental Management at the University of the Free State warned […]
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 30th June: 1. SA – dangerous and violent: The Institute of Economics and Peace (IEP) published its Global Peace Index (GPI) for 2023, showing South Africa is less peaceful than a year ago – dropping eight places in the rankings. South Africa also now ranks as the 20th worst country in […]
News in South Africa 26th June: 1. Eskom’s smart meter project: Eskom on Friday announced the beginning of a pilot project that will give consumers more control over load shedding by using smart meters. The utility said selected consumers in Fourways in Gauteng will during Stage 1-4 load shedding get four opportunities to reduce their […]
News in South Africa 21st June: 1. Sharp rise in riots: The Institute of Risk Management South Africa (IRMSA) has published the 9th Edition of the Annual Risk Report, sounding a new alarm on the various crises hitting South Africa. Among the biggest risks the country faces is growing social unrest, with the group already […]
News in South Africa 19th June: 1. Western Cape floods: Western Cape authorities are bracing for another cold front on Monday as the province has been hard hit by widespread flooding and damage to infrastructure. Humanitarian relief is still being provided to many areas. The floods have made many roads and bridges inaccessible. Western Cape Minister of Local […]
