News in South Africa 10th February: 1. SONA 2023 disappointing: Reactions to president Cyril Ramaphosa’s State of the Nation Address are flooding in, with most commentators left wanting. Ramaphosa delivered his by-the-numbers address on Thursday evening (9 February), featuring all the qualities South Africans have come to expect from the annual event. Proceedings were disrupted […]
News in South Africa 8th February: 1. Investors abandon SA: Investors have lost faith in South Africa’s government and have halted investment despite a wealth of opportunities, the head of the country’s biggest employer in the crucial mining industry said. More than 200 days of power cuts last year and blackouts every day so far […]
News in South Africa 7th February: 1. 100 consecutive days of load shedding: Energy minister Gwede Mantashe says that the ongoing energy crisis in South Africa is an “irritation” to society, and if it is not resolved, it could lead to a revolt among the populace. Speaking at the Investing in Africa Mining Indaba on […]
News in South Africa 6th February: 1. Eskom – state of disaster: The call by the ANC for a state of disaster to be declared over the energy crisis has alarmed many across society. Organised business was also surprised by the announcement, given that only a few months ago the president said a state of disaster […]
News in South Africa 3rd February: 1. Water supply a major concern: As load-shedding intensified on Wednesday there were concerns that Gauteng municipalities which suffered from water shortages would again have more communities with dry taps. On Wednesday the power utility implemented stage 6 load-shedding from stage 5 the previous day. The utility again moved to stage […]
News in South Africa 26th January: 1. Sarb expected to moderate rate hikes: South Africa’s central bank is set to moderate its most aggressive interest-rate hiking cycle in at least two decades Thursday, and economists and traders will be on high alert for any signs of a pivot away from policy tightening. The median expectation […]
News in South Africa 25th January: 1. R1.2trn needed for food import costs: Farmers in Africa will need as much as $65 billion (nearly R1.2 trillion) in loans annually to produce enough food to curb imports and cushion their economies from external shocks. The continent imports over 100 million metric tons of cereals at an […]
News in South Africa 24th January: 1. Over 1 900 business shut down in 2022: Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. […]
News in South Africa 23rd January: 1. Interest rate decision: South Africa’s Monetary Policy Committee (MPC) will hold its first meeting of the year to decide on interest rates on Thursday, and while economists agree that the central bank will continue to hike rates, they are split on the size of the increase. Last year was […]
News in South Africa 20th January: 1. Four day work week debate: The four-day workweek, and the flexibility it could provide, is a hot topic at the annual World Economic Forum in Davos, Switzerland, this year. This comes shortly after the results of a six-month trial on the subject were released. It found participating companies had increased revenue and […]
