News in South Africa 27th February: 1. Major new financial laws: The highly anticipated Conduct of Financial Institutions (COFI) Bill is set to have major ramifications across several industries. Although the Bill is unlikely to be tabled before Parliament rises ahead of the elections on May 29 2024, marketplaces are both excited and cautious. The Bill […]
News in South Africa 18th January: 1. Eskom pushing for 20.5% increase: Eskom has reiterated its calls for a 20.5% tariff increase for the 2023 financial year, warning that the hike is necessary for the continuation of its operations. In a presentation to the National Energy Regulator of South Africa (Nersa) on Monday (17 January), […]
News in South Africa 14th June: 1. New workplace Covid-19 regulations: Labour minister Thulas Nxesi has published a new directive focusing on Covid-19 and the workplace, outlining the health and safety protocols that businesses and employees are required to follow during the lockdown. While a number of the regulations have been gazetted before, this directive […]
News in South Africa 13th April: 1. RAF R300bil in debt: Civil group Outa says that government has completely lost control of the Road Accident Fund, which is R300 billion in debt and reportedly on the brink of collapse. The group noted that the fund has grown from R9 billion a year to R45 billion […]
