News in South Africa 15th May: 1. US won’t sanction SA over weapons row: South African Finance Minister Enoch Godongwana said his country resolved a row with the US over allegations that Pretoria supplied weapons to Russia and it’s unlikely to face any repercussions. A furore erupted on May 11, when US Ambassador to South […]
News in South Africa 29th September: 1. Unemployment shock: SA’s unemployment rate could reach its highest since labour force data began to be collected. Economists say the country’s dwindling growth rate falls short of its growing need for employment, and this could lead to a decline in social cohesion. Recent data from financial services firm […]
News in South Africa 16th September: 1. Eskom wants 32% hike: Eskom plans to apply for a 32% tariff increase from 1 April 2023/24, it announced on Thursday. The large increase is another attempt by Eskom to persuade the National Energy Regulator of SA (Nersa) to grant it tariffs that are reflective of its costs. […]
News in South Africa 15th September: 1. 8.5mil vaccines to be destroyed: The government plans to destroy 8.5 million doses of the Covid-19 vaccine produced by pharmaceutical company Pfizer at the end of October. This, some experts said, casted a damning spotlight on how South Africa’s Covid-19 vaccination campaign had missed the mark. The situation […]
News in South Africa 13th September: 1. Tough future for Rand: The rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements. The European Central Bank (ECB) hiked interest […]
