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 22nd November: 1. Risk of total blackout: Energy expert Professor Anton Eberhard has warned that Eskom’s decision not to refuel its diesel open cycle gas turbines (OCGTs) increases the risk of a system failure. Eberhard is the director of Power Futures Lab at the University of Cape Town’s Graduate School of […]
News in South Africa 15th November: 1. 54-Hour JHB water shut down: Many Gauteng residents are bracing for water supply disruptions on Monday as Rand Water implements its 54-hour shutdown. Water disruptions can be expected from Monday morning and residents will probably notice a difference if they live in the City of Johannesburg, Rand West, […]
News in South Africa 12th April: 1. Sugar tax a success: Three years ago South Africa introduced Africa’s first major tax on sugar-sweetened beverages based on grams of sugar. The tax now stands at about 11% of the price per litre. The impact was assessed in recently published research. It was found that the health […]
News in South Africa 23rd March: 1. Government vaccine rollout too slow: The private sector is getting impatient with government’s slow rollout of the Covid-19 vaccine, with many attempting – and failing – to secure their own doses for employees and their families, meeting with a lot of red tape. Government has managed to only […]
News in South Africa 12th March: 1. Eskom will not be privatised: Government has no intention to privatise power utility Eskom, said Public Enterprises Minister Pravin Gordhan. The minister was addressing a debate on the privatisation of Eskom during a mini-plenary session of the National Assembly on Thursday. “There is much work to be done […]
News in South Africa 10th March: 1. Ratings agencies doubtful of budget targets: Ratings agencies doubt that finance minister Tito Mboweni will meet his 2021 budget targets, highlighting the various challenges faced by South Africa in trying to stabilise its debt. Mboweni said that South Africa’s debt-to-GDP ratio will peak at 88.9% in 2023, down […]
News in South Africa 17th February: 1. Johnson & Johnson vaccines arrive: South Africa has received the first delivery of the Johnson & Johnson vaccines at OR Tambo International Airport last night. The consignment will be moved to a secure facility in Gauteng before being distributed overnight to the various vaccine centres in all provinces […]
News in South Africa 3rd November: 1. We can learn from Europe 2nd wave: South African scientists are concerned about how rapidly the COVID-19 pandemic is spreading in Europe, noticing similarities in the factors driving a second wave. Several countries have gone into yet another lockdown to stop the spread of the virus like in Austria, Belgium, […]
