News in South Africa 9th June: 1. South Africa risks losing R613 billion: South Africa stands to lose as much as $32.4 billion in export revenue, almost a 10th of its gross domestic product, should some of its main trading partners retaliate against its unwillingness to take a stance against Russia’s war in Ukraine. “Together, […]
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 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 […]
News in South Africa 13th March: 1. South Africa is in trouble: Whether South Africa is pushed into a full recession in 2023 or not, the country’s economy is in trouble, say economists at the Bureau for Economic Research (BER). The country was hit with a barrage of bad news last week – starting with […]
News in South Africa 8th February: 1. Investors abandon SA: Investors have lost faith in South Africa’s government and have halted investment despite a wealth of opportunities, the head of the country’s biggest employer in the crucial mining industry said. More than 200 days of power cuts last year and blackouts every day so far […]
News in South Africa 20th December: 1. Reserve Bank was hacked: Finance minister Enoch Godongwana recently revealed that the South African Reserve Bank suffered an attempted hack. The revelation was very late, with the attempt taking place in August (four months ago), but the media and South Africans only found out in the past week. […]
News in South Africa 12th December: 1. Stage 7 load shedding already here: As power utility Eskom spent much of last week avoiding the dreaded stage 7 load shedding threshold, economists at the Bureau for Economic Research (BER) said it has already technically been crossed. “At a point last week, Eskom was technically ‘shedding’ at […]
News in South Africa 9th December: 1. SA – US trade issues: South Africa could lose part of its preferential access to the US if its trade policies disadvantage American exporters relative to their developed-nation counterparts, according to people familiar with the matter. Thousands of South African products enter the world’s biggest market duty-free under […]
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 19th October: 1. Gauteng – water shortage: South Africa’s major cities in the Gauteng Province – the country’s economic heartland – are experiencing major water shortages. In Johannesburg and Tshwane taps have run dry, with numerous areas experiencing intermittent supply while some areas have no water at all. The province has […]
