News in South Africa 19th May: 1. Price of water has tripled in the past decade: While most of the attention has been on the skyrocketing cost of electricity, especially as load shedding has become a near-permanent feature of daily life, the price households are paying for water has increased by significantly more in the […]
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 16th May: 1. SA beats climate targets… due to load-shedding: South Africa is ahead of its target for cutting emissions of greenhouse gases due to ongoing breakdowns at its coal-fired power stations. The output of the climate-warming gases from the world’s 14th-biggest emitter is already falling even though its Nationally Determined […]
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 12th May: 1. Cyril investigates arming Russia allegations: South African President Cyril Ramaphosa instituted an inquiry into allegations that the country supplied weapons and ammunition to Russia, despite Pretoria having taken a neutral stance on its invasion of Ukraine. Ramaphosa announced the probe on Thursday, hours after US Ambassador to South […]
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 8th May: 1. Close call for recession in SA: Economists say South Africa may have escaped a technical recession in the first quarter of the year, but the extreme volatility in the economic data being put out makes it difficult to call. Economists from the Bureau for Economic Research (BER) and […]
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 […]
