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 22nd December: 1. Lights on over festive season: “We will have a festive season with the lights on,” Electricity Minister Kgosientsho Ramokgopa said on Thursday. The country has about 27 700 megawatts available and demand is averaging just more than 24 000 megawatts, Ramokgopa said during a briefing. That’s why we’re […]
News in South Africa 20th December: 1. 20 Durban beaches open: As thousands of holidaymakers are expected to descend on Durban shores for the festive season, eThekwini Municipality Mayor Mxolisi Kaunda has assured visitors and residents that the city’s beaches are safe for swimming. Kaunda gave his assurance as he officially reopened the iconic uMhlanga […]
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 11th October: 1. SA is falling apart: South Africa is falling apart, with unreliable electricity, poor railways, ports which do not function properly, a dilapidated road network, and deteriorating state finances. Late last month, Transnet CEO Portia Derby and CFO Nonkululeko Dlamini resigned, with Transnet Rail CEO Siza Mzimela following suit […]
News in South Africa 10th October: 1. Wrong side of the war: The war between Israel and Hamas could be another conflict in which South Africa is deemed to be on the wrong side. In a rand note, Investec Chief Economist Annabel Bishop said that the stronger-than-expected US payroll data saw the rand weaken to […]
News in South Africa 3rd October: 1. SA has run out of money: South Africa is facing a severe budget shortfall, and with a stagnant, over-taxed tax base and massive debt, the government has run out of ways to raise more money. This is the warning from the South African Institute of Taxation CEO Keith […]
News in South Africa 13th September: 1. Stage 6 load shedding: South African electricity outages remain at record levels despite the state power utility burning through vast quantities of diesel to bolster output. Eskom said Tuesday that Stage 6 power cuts, whereby 6,000 megawatts of capacity is removed from the grid to prevent a total […]
News in South Africa 30th August: 1. 5 years more of load shedding: There is no ‘silver bullet’ to end load-shedding, and South Africa’s electricity crisis will be with the country for five more years, despite recent deals made with Chinese representatives. This is the view of energy expert and University of Johannesburg professor Hartmut […]
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. […]
