News in South Africa 22nd February: 1. 2024 Budget speech in a nutshell: Finance Minister Enoch Godongwana delivered the 2024 National Budget Speech on Wednesday, 21 February. The budget touched on many points and topics, including the country’s current economic standing, growth estimates, the massive debt servicing costs, heightened sin tax proposals and the extension […]
News in South Africa 18th December: 1. Meat is back on the menu: Despite food price inflation remaining well outside the Reserve Bank’s headline inflation target range of 3%-6%, meat prices in South Africa are continuing their downward trend. This is according to the latest food inflation brief from the Bureau for Food and Agricultural […]
News in South Africa 27th October: 1. Warning signs for inflation: Producer price inflation (PPI) has grown, spelling bad news for South African consumers at the tills. According to Stats SA, September’s headline PPI increased from 4.3% in August to 5.1% in September – slightly worse than the Bloomberg consensus of 5.0%. The main contributors […]
News in South Africa 6th October: 1. Cost of living crisis: Economists have flagged South Africa’s fiscal crisis, a weakening rand, and the consequences of poor governance – painting a bleak future for the average South African as the cost of living crisis deteriorates. South African Reward Association member Kirk Kruger said South Africans are […]
News in South Africa 26th July: 1. Food price relief: South Africa’s food inflation should continue to decline, despite new risks facing agriculture in South Africa. According to Stats SA, Consumer Price Inflation (CPI) cooled from 6.3% in May to 5.4% in June – the lowest reading since 5.0% in October 2021. Crucially, annual inflation […]
News in South Africa 5th July: 1. Severe water shortage: Experts are warning of a looming water crisis on a scale worse than load-shedding in South Africa as criminal syndicates have begun targeting water infrastructure to score tenders. Professor Anthony Turton from the Centre for Environmental Management at the University of the Free State warned […]
News in South Africa 21st June: 1. Sharp rise in riots: The Institute of Risk Management South Africa (IRMSA) has published the 9th Edition of the Annual Risk Report, sounding a new alarm on the various crises hitting South Africa. Among the biggest risks the country faces is growing social unrest, with the group already […]
News in South Africa 19th June: 1. Western Cape floods: Western Cape authorities are bracing for another cold front on Monday as the province has been hard hit by widespread flooding and damage to infrastructure. Humanitarian relief is still being provided to many areas. The floods have made many roads and bridges inaccessible. Western Cape Minister of Local […]
News in South Africa 7th March: 1. New minister of electricity: President Cyril Ramaphosa has announced changes to his executive – including two new ministries. During a twice-delayed address to the nation on Monday (6 March), the president revealed that Kgosientsho Ramokgopa would be appointed as the country’s new minister of electricity. He also revealed […]
News in South Africa 31st August: 1. Crypto industry crashing: Nearly 5 000 crypto employees have lost their jobs since April, reflecting the crushing $1.9 trillion (R32 trillion-plus) loss in the market value of cryptocurrencies since the peak in November 2021. Data from CryptoPresales.com shows June was the most brutal month, accounting for more than 60% of the […]
