Five Newsworthy Things in SA 5th August 2022:

News in South Africa 5th August: 1. Stage 2 loadshedding continues: A major delay in restarting Eskom’s Koeberg unit 2 is largely to blame for load shedding rearing its ugly head again, just 11 days after it was suspended. Energy expert Chris Yelland notes that the failure to synchronise the unit to the grid is […]

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Five Newsworthy Things in SA 4th August 2022:

News in South Africa 4th August: 1. Loadshedding at Stage 4: Power utility Eskom says that load shedding will increase to stage 4 on Thursday (4 August) between 16:00-24:00, due to the continued shortage of generation capacity. “Due to a shortage of generation capacity, coupled with the higher demand due to the colder weather, stage […]

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Five Newsworthy Things in SA 3rd August 2022:

News in South Africa 3rd August: 1. Tough economic times: The South African economy, like many others around the world, has had a ‘bumpy’ start to 2022. The Russian invasion of Ukraine, volatility in international financial markets, inflationary pressures and so on have caused an economic environment that threatens to spill over into a global […]

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Five Newsworthy Things in SA 27th July 2022:

News in South Africa 27th July: 1. Ramaphosa’s Eskom solutions: Eskom will on an urgent basis in the next three months accelerate efforts to add new generation capacity to its faltering grid. The intervention was among a raft of energy security plans for the country announced by president Cyril Ramaphosa during an address to the […]

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Five Newsworthy Things in SA 25th July 2022:

News in South Africa 25th July: 1. No break for taxpayers: More than 30 tax offices across the country remained closed on Thursday (21 July), with the South African Revenue Service (Sars) acknowledging delays in servicing taxpayers due to the strike by its unionised workers. Despite admitting delays, Sars says it does not envisage changing […]

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Five Newsworthy Things in SA 13th July 2022:

News in South Africa 13th July: 1. New crypto laws: The South African Reserve Bank is set to introduce new regulations around trading cryptocurrency in the country in the next 12-18 months, says deputy governor Kuben Naidoo. Speaking in PSG’s latest Think Big webinar, Naidoo said that South Africa was largely on par with other […]

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Five Newsworthy Things in SA 12th July 2022:

News in South Africa 12th July: 1. Standard Bank drops mandatory vaccines: Standard Bank has withdrawn its Covid-19 vaccination policy with immediate effect, with approximately 95% of its employees already vaccinated. In an emailed statement, the bank said it took a range of factors into account in reviewing its policy, including recent regulatory developments, the […]

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Five Newsworthy Things in SA 11th July 2022:

News in South Africa 11th July: 1. Riot risks rising: Top business and government officials have warned that South Africa is set to face a repeat of the July 2021 riots as very little has been done to address the issues facing the country over the last year. Business Unity South Africa chief executive Cas […]

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Five Newsworthy Things in SA 6th July 2022:

News in South Africa 6th July: 1. Rand at same level as Covid peak: On Tuesday, the rand slumped to its weakest level against the dollar since 2020 as global investors took fright. In early evening trading, the rand was trading at R16.58/$, more than a percent weaker than on Monday. The rand was stronger […]

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Five Newsworthy Things in SA 4th July 2022:

News in South Africa 4th July: 1. Basic food prices up 15%: The latest Household Affordability Index from the Pietermaritzburg Economic Justice & Dignity Group shows that the price of a basic household food basket is up by 13.6% year-on-year in June. This basket now costs R4 688 and is a R560 increase from a year ago. […]

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