News in South Africa 20th February: 1. Rand weakens: The rand has weakened with the market worried about South Africa’s marked fiscal slippage. In the 2023 Medium-Term Budget Policy Statement (MBTPS), gross debt was projected to peak at 77.7% of GDP in 2025/26, far higher than February 2023’s Budget estimate of 73.6%. Investec Chief Economist […]
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 9th November: 1. COP27 pledges $10bil to go green: South Africa is one of the winners at COP27 — the International Partner Group (IPG) of five nations pledged an extra $10-billion to support the country’s transition investment plan from fossil fuels — but it will be costly. This was announced by […]
News in South Africa 19th April: 1. Slow start to vaccine program: South Africa’s phase 2 vaccination programme is off to a slow start, with only 519,139 people in total receiving their shots. This includes people 60 years and older who’ve been prioritised in the second phase of the rollout, which kicked off on Monday. […]
