News in South Africa 25th July: 1. Rand makes a comeback: The rand is looking set for a tough week ahead, with US rate hikes likely to weaken the local currency. The rand has been one of the worst-performing major currencies in the world and reached a record high of nearly $20.00/$ in May. The […]
News in South Africa 19th July: 1. EU carbon levy impact: The European Union’s plan to put a carbon levy on imported goods from outside the bloc is an attempt to shift the burden for climate action to developing countries and may contravene World Trade Organization rules, South Africa said. The so-called carbon border adjustment […]
News in South Africa 13th July: 1. Stage 8 load shedding warning: South Africa’s sudden return to stage 6 load shedding after about a month of day-time suspensions of the rolling blackouts is not really a surprise, say energy experts – and the risk of things escalating remains a possibility. Eskom was forced to return […]
News in South Africa 20th June: 1. Roads leading to food shortage: Farmers are being driven to desperation over the poor state of roads. Some are now maintaining roads themselves to get their produce to market. AgriSA says poorly maintained roads are just one of the many issues faced by local farmers. This results in […]
News in South Africa 12th June: 1. Food inflation easing: Food prices in South Africa continue to increase at a startling rate, although the pace of acceleration is easing and possibly faster than is reflected in the official data so far. The cost of a basket of goods in Bloomberg’s South African Shisa Nyama Index, designed […]
News in South Africa 17th April: 1. Stage 8 not imminent but possible: Despite the tripping of Koeberg Unit 2 over the weekend prompting fears that stage 8 load shedding could be looming, stage 8 load shedding is only likely if there is a ‘perfect storm’, which would include a cold front lasting for several […]
News in South Africa 23rd March: 1. Extreme concern among consumers: South African consumers are highly stressed and hold no high hopes for an easier time in 2023, the latest FNB/BER Consumer Confidence Index (CCI) shows – but wealthier consumers, with the greatest spending power, are the most down in the dumps. After showing some […]
News in South Africa 8th March: 1. Recession looms: South Africa is on the edge of recession after printing a much more larger than expected contraction in gross domestic product (GDP) on Tuesday (7 March). According to the figures published by Stats SA, the country’s economy declined by 1.3% in the fourth quarter of 2022 […]
News in South Africa 6th October: 1. Water restrictions kicking in: Rand Water has urged residents in Gauteng to implement water-saving strategies to avoid necessitating the move to higher stages of restrictions in the province. Large parts of Gauteng, including the major metropolitan municipalities of the City of Joburg, City of Tshwane and the City […]
News in South Africa 13th September: 1. Tough future for Rand: The rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements. The European Central Bank (ECB) hiked interest […]
