News in South Africa 22nd January: 1. High interest rates crushing households: Economist and independent analyst Dr Roelof Botha said the South African Reserve Bank’s (SARB) high interest rates have created a “self-inflicted pandemic” in the country as households struggle to get by. Botha’s comments were made in light of the Altron FinTech Household Resilience Index for […]
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 22nd August: 1. Missteps impact country growth: South Africa is suffering a death by 1,000 cuts from repeated own goals, such as the country’s elevated load-shedding levels, logistical inefficiencies, and financial greylisting. Standard Bank CEO Sim Tshabalala told Newzroom Afrika that the negative impact of repeated missteps by South Africa is […]
News in South Africa 16th August: 1. Unemployment concerns: Despite a slight drop in the unemployment rate economists still believe that far too many people in South Africa remain unemployed. On Tuesday, Statistics South Africa released the second Quarter Labour Force Survey for the period starting from 1 April to the end of June 2023. […]
News in South Africa 7th June: 1. Eskom tames load shedding: Power utility Eskom says that recoveries in generation capacity will allow it to suspend load shedding every day until the evening peak. The group said that load shedding will be suspended between midnight and 16h00 on Tuesday (6 June), followed by stage 3 load […]
News in South Africa 24th April: 1. Eskom warning from IMF: The International Monetary Fund (IMF) has warned that South Africa’s electricity crisis poses a significant threat to the country’s fiscal health. It also said Eskom must reduce its reliance on government funding. This was said at the IMF’s Spring Meetings with the World Bank […]
News in South Africa 19th September: 1. Eskom in dire straits: Following an urgent board meeting while Stage 5 load shedding was biting on Saturday 17 September, Eskom will on Monday start to urgently procure additional energy from existing independent power producers. This announcement was made during an emergency media briefing by Eskom group chief […]
News in South Africa 5th May: 1. New Covid rules for travel: South Africa has a new set of coronavirus entry rules for travellers from 5 May, after a late-night update to regulations, just hours before interim measures were due to lapse. Health minister Joe Phaahla established the new Covid-19 rules under his power to deal […]
News in South Africa 8th December: 1. Mandatory vaccines debated: The debate around mandatory vaccinations is polarising citizens and businesses alike, with a growing number of people, groups and organisations voicing their support or opposition to the policies. The National Economic Development and Labour Council has come out in support of the mandates, joining business […]
News in South Africa 9th November: 1. Load shedding at stage 4 all week: More than half of Eskom’s installed capacity was offline on Monday, necessitating the move to stage 4 load shedding for the rest of the week. As the country is plunged into darkness at least three times a day, president Cyril Ramaphosa, […]
