News in South Africa 1st December: 1. SA’s wealthy donated R6.8bn to needy: The latest Nedbank Private Wealth Giving Report shows that 83% of South Africa’s high-net-worth individuals (HNWIs) showed up to make a difference in 2021, by giving of their time, money, goods and services to worthy causes – despite the Covid-19 pandemic. Published last week, […]
News in South Africa 30th November: 1. Eskom’s power station shut down plan: Eskom plans to decommission and repurpose coal-fired power plants at Camden, Hendrina, and Grootvlei at an estimated $2.6 billion (R44 billion) for the three. This follows the government decommissioning and repurposing of its oldest power station Komati in Mpumalanga, with the help […]
News in South Africa 28th November: 1. Organised crime threatens economy: Organised crime is fast emerging as the biggest threat to our economy. It is now more damaging than bad policy or service delivery failures. We are in the grip of an epidemic with large industries from mining to construction being targeted by extortion rackets. This […]
News in South Africa 24th November: 1. SARB rate hike today: The rand firmed overnight to trade below R17 to the US dollar on Thursday morning – its strongest level since late August. The local currency was trading at R16.93 at around 06:00, buoyed by news out of the US that the Federal Reserve may […]
News in South Africa 23rd November: 1. Eskom in dire need of funds: Eskom has approached National Treasury asking for another R15 billion for diesel and other fuel so that it can keep the lights on in the country. The power utility has run out of fuel to power its open-cycle gas turbines, which are […]
News in South Africa 22nd November: 1. Risk of total blackout: Energy expert Professor Anton Eberhard has warned that Eskom’s decision not to refuel its diesel open cycle gas turbines (OCGTs) increases the risk of a system failure. Eberhard is the director of Power Futures Lab at the University of Cape Town’s Graduate School of […]
News in South Africa 21st November: 1. R200bn in infrastructure projects underway: SA’s infrastructure backlog appears to be getting some of the attention it needs. Some 48 strategic infrastructure projects worth R193.4 billion are currently under construction, and projects worth R87.4 billion in the procurement phase, according to Infrastructure SA (ISA), which was established by […]
News in South Africa 17th November: 1. Technical recession avoided: South Africa’s economy is likely to have averted a technical recession in the third quarter despite record power outages, key data indicates. Better-than-expected mining and manufacturing output are set to outweigh relatively soft retail sales data, suggesting Africa’s most industrialized economy returned to growth in […]
News in South Africa 16th November: 1. Roadblocks ramp up: The Road Traffic Management Corporation (RTMC) has warned drivers in South Africa that policing efforts are being ramped up on the country’s roads ahead of the festive season. The group said that motorists who intend to travel for the festive season holidays need to start […]
News in South Africa 14th November: 1. Infrastructure collapsing: Around half of South Africa’s public infrastructure has collapsed or is close to collapsing, and needs to be addressed as soon as possible. This is the warning from the South African Institution of Civil Engineering (Saice). Something has to be done or South Africa may become […]
