News in South Africa 6th December: 1. Politics draining rand: The South African rand clawed back some of its losses since the release of the explosive section 89 report on president Cyril Ramaphosa’s Phala Phala farm last week, but it remains in shaky space as political uncertainty persists. The rand recovered to around R17.19 a […]
News in South Africa 8th November: 1. Joburg R2.2bn in debt: Gauteng told a SA Local Government Association (Salga) that the Johannesburg metro alone had eroded an opening balance of R409.4 million at the beginning of September to a negative balance of R835.5 million. The Ekurhuleni metro, which opened with R1.8 billion in its coffers, […]
News in South Africa 30th September: 1. Eskom employee wage increase: Eskom, which is under unprecedented financial strain, received another blow on Thursday when the CCMA awarded employees a further 1.5% wage increase, backdated to July 2021. The company is under unprecedented economic strain as it burns millions of litres of diesel a day to […]
News in South Africa 18th August: 1. Latest debt index and stagnant incomes: Most South Africans have 34% less purchasing power in 2022 compared to 2016 because of stagnant incomes and cumulative inflation growth, according to the latest Debt Index. South Africans, especially the middle class, are suffering from stagnant incomes, which aren’t able to […]
News in South Africa 6th July: 1. Rand at same level as Covid peak: On Tuesday, the rand slumped to its weakest level against the dollar since 2020 as global investors took fright. In early evening trading, the rand was trading at R16.58/$, more than a percent weaker than on Monday. The rand was stronger […]
News in South Africa 12th May: 1. Health sector understaffed: The South African Medical Association (SAMA) says that the government is setting up the country’s healthcare sector to fail by not hiring or training enough doctors or nurses and other healthcare professionals. Responding to comments made by health minister Joe Phaahla this week that the […]
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 20th December: 1. Travel hindered by Omicron: With Covid-19 cases on the rise in many parts of the world and the new Omicron variant spreading quickly, holiday travel suddenly seems a lot more complicated than it did a few months ago. The good news is that early data suggest vaccines still […]
News in South Africa 9th December: 1. Infection rate accelerating: On Wednesday, South Africa’s fourth wave of coronavirus infections overtook the peak of the first wave, as the Omicron variant spreads far and fast. The 19,842 new cases added to the national tally on Wednesday is the highest one-day number since July this year, when […]
News in South Africa 3rd December: 1. Vaccines mandatory from next year: South Africa, which is contending with a massive upsurge in coronavirus infections following the onset of the omicron variant, is readying a mandatory vaccine policy and is set to implement it early next year, a senior labor union official said. Broad agreement has […]
