News in South Africa 10th January: 1. SA’s R990 billion problem: It’s been nearly a decade of waning foreign interest in South African stocks, with outflows nearing R1 trillion over the period. Last year was the eighth year in a row that foreign investors dumped South African equities — a record-long streak — selling stocks […]
News in South Africa 27th June: 1. South Africans severely indebted: South Africans are among the most indebted people in the world, with as much as 73% of disposable household income servicing debt repayments. Credit abuses and frailties in the legislative framework, compounded by financial illiteracy, leave borrowers vulnerable to manipulation by lenders. This is […]
News in South Africa 14th December: 1. Expected food prices in 2023: The latest food inflation brief from the Bureau for Food and Agricultural Policy (BFAP) shows that food prices in South Africa remain at elevated levels and that consumers should expect higher prices going into next year. Reflecting the higher levels of food inflation […]
News in South Africa 22nd September: 1. All talk no action for energy crisis: Hours after Cyril Ramaphosa held a Cabinet meeting to discuss the country’s energy crisis, the president and his ministers were still deliberating on reports presented by Public Enterprises Minister Pravin Gordhan. The president held a scheduled Cabinet meeting on Wednesday, which […]
News in South Africa 13th April: 1. Floods ravage KZN: On Monday, 11 April, more than a fifth of a metre of rain fell at Mbazwana, in north KwaZulu-Natal just about 100km south of the Mozambique border, according to preliminary data from the SA Weather Service’s observation station there. The 206.4mm of rain measured at […]
News in South Africa 26th January: 1. Jobs at risk due to lockdown: Nearly 1.4 million formal and informal jobs are at risk in the South African economy, with the current Covid-19 lockdown alert Level 3 restrictions having a direct impact across at least seven sectors: travel, tourism, entertainment, leisure, manufacturing, agriculture, and services not […]
