News in South Africa 9th March: 1. Stage 4 load shedding: Eskom has announced that it will move to stage 4 load shedding at 09h00 on Wednesday (9 March) due to a further breakdown in units. The power utility said stage 4 load shedding will continue until 05h00 on Friday (11 March), thereafter load shedding […]
News in South Africa 8th March: 1. R40 petrol price unfounded: Fears that SA’s petrol price could double to R40/l in the short term are unfounded, but the country can still expect some economic pain as long as the Ukraine crisis continues, say economists. This was in response to media reports which shared comments that […]
News in South Africa 7th March: 1. Crude oil surges over $130: Crude oil prices surged nearly 10% on Sunday evening to top $130 a barrel on fears of a supply crunch. Oil’s relentless price rise comes on the back of fears about a supply crunch after American Secretary of State Antony Blinken told NBC’s “Meet […]
News in South Africa 3rd March: 1. UN condemns Russian invasion: The UN General Assembly on Wednesday overwhelmingly adopted a resolution that “demands” Russia “immediately” withdraw from Ukraine, in a powerful rebuke of Moscow’s invasion by a vast majority of the world’s nations. After more than two days of extraordinary debate which saw the Ukrainian […]
News in South Africa 28th February: 1. SA patching up relations with Russia: South Africa has scrambled to patch up relations with Russia after International Relations and Cooperation Minister Naledi Pandor issued an unusually strong statement calling on Russia to withdraw from Ukraine. President Cyril Ramaphosa was reported by the Sunday Times to be unhappy with the […]
News in South Africa 24th January: 1. Drivers licence crisis: South Africa’s growing driver licence backlog has led to concerns from motorists about what happens when their licence expires and they are not able to receive a new card. Driving licence cards in South Africa are produced by the Driving Licence Card Account (DLCA) – […]
News in South Africa 20th January: 1. Vape industry targeted: National Treasury published a discussion paper on the intended taxation of electronic nicotine and non-nicotine delivery systems – vaping products – on December 15 last year, following the heads-up given by the Minister of Finance in the 2021 February Budget. The government had signalled its intention to start […]
News in South Africa 19th January: 1. Request for ease of restrictions: Cape Town mayor Geordin Hill-Lewis has written to president Cyril Ramaphosa, formally requesting that the government ease lockdown restrictions around gatherings. Hill-Lewis said that this includes two specific requests which are necessary for helping restart the economy: That the 50% capacity rule for […]
News in South Africa 18th January: 1. Eskom pushing for 20.5% increase: Eskom has reiterated its calls for a 20.5% tariff increase for the 2023 financial year, warning that the hike is necessary for the continuation of its operations. In a presentation to the National Energy Regulator of South Africa (Nersa) on Monday (17 January), […]
News in South Africa 12th January: 1. Upcoming risks for South Africa: The World Economic Forum (WEF) has published its global risks report, detailing some of the key risks facing South Africa over the coming years. The forum said that Covid-19 and its economic and societal consequences continue to pose a critical threat to the […]
