News in South Africa 20th February: 1. Rand weakens: The rand has weakened with the market worried about South Africa’s marked fiscal slippage. In the 2023 Medium-Term Budget Policy Statement (MBTPS), gross debt was projected to peak at 77.7% of GDP in 2025/26, far higher than February 2023’s Budget estimate of 73.6%. Investec Chief Economist […]
News in South Africa 29th November: 1. No support after bird flu outbreak: Government’s promises to assist the local poultry industry following the avian flu outbreak earlier this year have yet to materialise. The outbreak led to the culling of millions of birds, which caused a reduction of 30% in the production of hatching eggs. […]
News in South Africa 21st February: 1. R1.2b plan to stop load shedding: The provincial government of Gauteng has announced that it will release R1.2 billion towards the energy crisis alongside various other initiatives aimed at mitigating load shedding. Other considerations include the installation of smart meters for heavy electricity consumers, with the aim of […]
News in South Africa 5th January: 1. Informal traders gain permits: The City of Johannesburg has made it easier for informal traders to get trading permits through an online registration and application platform. The city said that the digital application system would enable a trader or anyone wishing to become a trader in the region […]
News in South Africa 21st July: 1. Environmental damage from riots: Following the recent violent events, authorities are dealing with another crisis – the short- and long-term impact on the environment. For more than seven days, chaos broke out in Gauteng and KwaZulu-Natal when looters ransacked businesses and other entities. But others took their sinister […]
