News In South Africa 8th January: 1. Elections pose major risk to economy: South Africa’s upcoming national elections pose a major risk to the local economy, with policy uncertainty remaining elevated and investors wary of investing in the country entering uncharted political waters. This risk was highlighted by the North-West University (NWU) Business School in […]
News in South Africa 11th December: 1. South Africa’s 2023 in review: With 2023 coming to a close, Business Leadership South Africa CEO Busiswe Mavuso has looked at the progress South Africa has made during the year and the setbacks. The good Despite a record year of load shedding, there has been progress in the […]
News in South Africa 21st November: 1. Sars APN impacts imports: On 1 December, the South African Revenue Service (Sars) will implement new advance payment notification (APN) requirements in a bid to combat illicit cash flows. The changes will impact all import payments valued at R50 000 and above. An APN is an application made by […]
News in South Africa 12th October: 1. Foreigners flee SA stocks: Foreign investors have accelerated their (net) selling of equities on the JSE, with sales 40% greater thus far in 2023 than in the same period in 2022. To last Friday, non-SA investors sold a net R103 billion of equities, versus R73 billion in the […]
News in South Africa 30th August: 1. 5 years more of load shedding: There is no ‘silver bullet’ to end load-shedding, and South Africa’s electricity crisis will be with the country for five more years, despite recent deals made with Chinese representatives. This is the view of energy expert and University of Johannesburg professor Hartmut […]
News in South Africa 7th March: 1. New minister of electricity: President Cyril Ramaphosa has announced changes to his executive – including two new ministries. During a twice-delayed address to the nation on Monday (6 March), the president revealed that Kgosientsho Ramokgopa would be appointed as the country’s new minister of electricity. He also revealed […]
News in South Africa 13th February: 1. 68% chance of recession: South Africa’s economy is increasingly vulnerable to a recession in the next 12 months, with an ongoing electricity crisis seen further curbing activity. The probability of a recession stands at 68%, up from odds of 45% in January, according to Bloomberg’s latest monthly survey […]
News in South Africa 18th May: 1. Sanral cancels R17.47bil in tenders: The South African National Roads Agency (Sanral) has cancelled adjudicated tenders to the value of R17.47 billion in the past week, throwing the sustainability and viability of South Africa’s civil engineering industry into doubt. The tender for the Eastern Cape’s new Mtentu River […]
News in South Africa 22nd November: 1. Vaccine certificates for local use only: It will take some time before South Africa’s COVID-19 vaccination certificates can be available for use abroad. That’s the word from Acting Director-General at the health department, Dr Nicholas Crisp. This follows complaints from some people that their certificates aren’t accepted in certain countries […]
News in South Africa 18th October: 1. Over 20mil vaccinated: On Friday, South Africa breached 20 million doses of Covid-19 vaccine administered, with another 154,000 people added to the tally of those fully vaccinated. That makes for some 35% of the adult population at least partially vaccinated. Ignore younger people, both less at risk of […]
