News in South Africa 5th December: 1. Load shedding causing mass unemployment: Electricity Minister Kgosientsho Ramokgopa said over 800,000 South Africans stand to lose their jobs due to load-shedding. The Minister recently spoke to Eskom employees at Medupi Power Station, which recently experienced several breakdowns that plunged the company into elevated load-shedding levels. “When Medupi coughs, […]
News in South Africa 27th October: 1. Warning signs for inflation: Producer price inflation (PPI) has grown, spelling bad news for South African consumers at the tills. According to Stats SA, September’s headline PPI increased from 4.3% in August to 5.1% in September – slightly worse than the Bloomberg consensus of 5.0%. The main contributors […]
News in South Africa 9th November: 1. COP27 pledges $10bil to go green: South Africa is one of the winners at COP27 — the International Partner Group (IPG) of five nations pledged an extra $10-billion to support the country’s transition investment plan from fossil fuels — but it will be costly. This was announced by […]
