News in South Africa 14th June: 1. Electricity tariff increase: Residents of six municipalities that want consumers to pay even bigger increases in electricity tariffs than the 15.1% that the National Energy Regulator of South Africa (Nersa) deems appropriate will get the opportunity to express their views on the matter on Thursday. Nersa recently published […]
News in South Africa 9th June: 1. South Africa risks losing R613 billion: South Africa stands to lose as much as $32.4 billion in export revenue, almost a 10th of its gross domestic product, should some of its main trading partners retaliate against its unwillingness to take a stance against Russia’s war in Ukraine. “Together, […]
News in South Africa 17th May: 1. Unemployment rises: South Africa’s unemployment rate rose for the first time in more than a year and may continue climbing as power cuts intensify, discouraging investment and sapping economic growth. The official jobless rate jumped to 32.9% in the three months through March from 32.7% in the prior […]
News in South Africa 10th May: 1. Good news for food prices: South Africans can breathe a sigh of relief as experts predict that food inflation is set to decelerate this year. Consumers have been facing a tough economic climate, with inflation, interest rate hikes, and load shedding all taking their toll. According to Stats SA, […]
News in South Africa 9th May: 1. Rand remains weak: South Africa’s rand remains in a weak position as it awaits a shift in global markets, says Investec chief economist Annabel Bishop. Despite firming slightly on Monday (8 May) amid a softer dollar, the local unit has been sitting around R18.30/USD for some time. According […]
News in South Africa 5th May: 1. Lights out for over a month: The latest National Blackout Statistics for South Africa report shows that the average resident has spent 31.6 days in total darkness. The statistics, compiled by independent energy analyst Pieter Jordaan, show that South Africans currently sit in full blackout for 6.33 hours […]
News in South Africa 3rd May: 1. South Africa closer to a failed state: South Africa is coming closer to being a failed state, with national and local governments unable to provide many basic services outlined in the Constitution. This is the view of Lumkile Mondi, a senior lecturer at the School of Economics and […]
News in South Africa 19th April: 1. Zero economic growth for SA: Many experts project close to zero economic growth for 2023 as severe load-shedding has hobbled the country’s growth prospects. In 2022, the economy grew by 2.5% – above the 1.9% proposed by the minister of finance in the medium-term expenditure framework. Economic growth […]
News in South Africa 18th April: 1. Load shedding vs blackout hours: It’s only halfway through April 2023, and South Africa has already experienced as much load shedding (hours) as almost the entirety of 2022 – and the number of hours of blackouts you experience is worse than ever before. These are some of the […]
News in South Africa 11th April: 1. Eskom debt relief extends to municipalities: National Treasury is rolling out an ambitious plan to rid struggling municipalities of their ever-growing debt to Eskom, but only if they adhere to strict conditions to permanently change problematic behaviour at council and consumer level. If successful, the plan – set […]
