News in South Africa 19th October: 1. Nuclear power progress: The United States International Development Finance Corp pledged to support NuScale Power LLC, a US nuclear energy technology firm, to develop 2,500 megawatts of power in South Africa. South Africa’s government drafted an economic recovery plan in conjunction with business and labor groups several months […]
News in South Africa 15th October: 1. Economic recovery plan today: President Cyril Ramaphosa will today outline his economic recovery plan to pull South Africa out of the pits of the Covid-19 lockdown. The plan is the result of extensive deliberation between government and its social partners, including business and labour. He will present the […]
News in South Africa 14th October: 1. Mid-term budget policy statement postponement: The letter requesting a week’s delay of the Medium-Term Budget Policy Statement (MTBPS) from Finance Minister Tito Mboweni to National Assembly Speaker Thandi Modise arrived after hours on Tuesday evening. Analysts say this is a worrying sign of the grim financial reality the […]
News in South Africa 13th October: 1. UIF running out of money: In a report released last month, the Auditor-General outlined that Unemployment Insurance Fund’s (UIF’s) Covid-19 Temporary Employer-Employee Relief Scheme (Ters) payments were made to dead people, children, prisoners as well as foreigners who had no made contributions to the fund for 12 months. […]
News in South Africa 12th October: 1. Ramaphosa economic recovery plan: President Cyril Ramphosa has called a joint sitting of both houses of Parliament to outline his plan for “South Africa’s economic reconstruction and recovery plan”. Ramaphosa wrote to National Assembly Speaker Thandi Modise and National Council of Provinces (NCOP) Chairperson Amos Masondo about his […]
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 2nd October: 1. Sasol to sell 50% of US project: Sasol has agreed to sell a 50% stake in its US base chemicals business to LyondellBasell Industries for $2 billion to help pay down debt. The unit will become a joint venture between the South African company and the US chemicals […]
Claiming money from the UIF: What you need to know: The coronavirus crisis and lockdown have paralysed businesses and left many in South Africa without an income. Enter the Unemployment Insurance Fund (UIF), which should help those in the formal sector with some form of payment in this time. When a contributing worker becomes […]
