News in South Africa 8th June: 1. Deadline for new BEE rules approaches: Members of public in South Africa have just five days left to comment on the Draft Employment Equity (EE) Regulations 2023 on the proposed setting of sector EE targets. The public was given 30 days to comment on the Draft EE Regulations […]
News in South Africa 7th June: 1. Eskom tames load shedding: Power utility Eskom says that recoveries in generation capacity will allow it to suspend load shedding every day until the evening peak. The group said that load shedding will be suspended between midnight and 16h00 on Tuesday (6 June), followed by stage 3 load […]
News in South Africa 6th June: 1. Supermarkets’ diesel bill nears R3bn: The largest supermarket retailers in South Africa have now spent nearly R3 billion on diesel, to enable them to run generators so they could trade through the near-constant load shedding over the past nine months. The bulk of this expense came in the […]
News in South Africa 5th June: 1. Food security and riots warnings: The Consumer Goods Council of South Africa has warned of food shortages which can lead to a repeat of the July 2021 riots which ravaged parts of KwaZulu-Natal and Gauteng. Zinhle Tyikwe, CEO of the Consumer Goods Council, told Business Day TV that around 50% […]
News in South Africa 31st May: 1. Reserve Bank preps for grid collapse: South Africa’s central bank is working on a contingency plan to ensure the country’s payments system remains in operation in the event the nation’s electricity grid collapses. The South African Reserve Bank and other financial markets regulators including the operator of the […]
News in South Africa 30th May: 1. Sanction warning: The South African Reserve Bank (SARB) has warned of dire consequences should the country face censure due to its stance on Russia’s invasion of Ukraine. At worst, secondary or indirect sanctions could be imposed on the country and lead to a sudden halt to capital inflows […]
News in South Africa 29th May: 1. Scam warning: While online and contactless payments have become the norm in South Africa, major banks are reminding consumers to be aware of common scams, as the number of victims of banking scams has seen an uptick in 2023. According to the South African Banking Risk Information Centre […]
News in South Africa 26th May: 1. Rand plunged to new record low: The rand crashed to a new record low overnight, reaching R19.8279/$ on Thursday night. The currency has now lost almost 26% of its value over the past year. In the past two weeks alone, since the US accusation that Russia received arms […]
News in South Africa 23rd May: 1. Critical nursing shortage: South Africa is facing a critical shortage of nurses as private hospitals are restricted from training more of caregivers, according to the country’s largest private healthcare network. Although most South African hospitals have their own nursing colleges, only designated universities can issue professional nursing qualifications. […]
News in South Africa 22nd May: 1. Stage 8 all but certain: Business interest group BLSA says that stage 8 load shedding is all but certain in the coming months, warning that companies relying on diesel to keep their operations going during outages will be hit even harder as the lights go out for as […]
