News in South Africa 26th February: 1. South Africans are poorer: An analysis of household finances shows that real salaries have deteriorated in 2023, with South Africans going into more financial distress in the final quarter of last year. This is according to Investec chief economist Annabel Bishop, who pointed to data from BankservAfrica that […]
News in South Africa 6th February: 1. Consumer relief on the horizon: Battered by low wage growth, high interest rates, and increasing debt levels, many South African consumers are in the worst financial shape they’ve been in for years, maybe even decades. The result is a persistently weak economy. This faltering economy, driven mostly by […]
News in South Africa 9th January: 1. Challenging year ahead: Some economists are predicting a challenging economic environment for South Africa in 2024 as domestic and global headwinds persist. The early-year forecasts comes amid an unresolved energy crisis, bottlenecks in the logistics sector and the pending general elections. The deteriorating state of the country’s public […]
News In South Africa 8th January: 1. Elections pose major risk to economy: South Africa’s upcoming national elections pose a major risk to the local economy, with policy uncertainty remaining elevated and investors wary of investing in the country entering uncharted political waters. This risk was highlighted by the North-West University (NWU) Business School in […]
News in South Africa 21st December: 1. Festive road fiasco: South Africa’s roads are hazardous, more so over the festive season when dangers multiply with more motorists reported to be driving under the influence. In one week alone, the Western Cape recorded a more than 300% increase in drunken driving arrests, with other provinces echoing […]
News in South Africa 31st October: 1. Election clean up: South Africans should use next year’s elections to vote out “useless” politicians who have failed to prioritise jobs and drive investment, and choose leaders who will get the struggling economy back on track, according to one of the country’s top bankers. “You have to have […]
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 25th November: 1. Covid infections spiking: South Africa has reported a continued increase in Covid-19 cases over the last week, raising concerns of a possible fourth wave of infections. On Wednesday (24 November), 1,275 new cases were reported – the highest daily increase since the start of October. A total of […]
News in South Africa 23rd November: 1. Fourth Covid wave creeping in: Wits University vaccinologist Prof Shabir Madhi says that South Africa is in the early stages of a Covid-19 resurgence and warns that the fourth wave of infections will likely hit different parts of the country at different times. The fourth wave is starting, […]
News in South Africa 22nd November: 1. Vaccine certificates for local use only: It will take some time before South Africa’s COVID-19 vaccination certificates can be available for use abroad. That’s the word from Acting Director-General at the health department, Dr Nicholas Crisp. This follows complaints from some people that their certificates aren’t accepted in certain countries […]
