News in South Africa 18th August: 1. Latest debt index and stagnant incomes: Most South Africans have 34% less purchasing power in 2022 compared to 2016 because of stagnant incomes and cumulative inflation growth, according to the latest Debt Index. South Africans, especially the middle class, are suffering from stagnant incomes, which aren’t able to […]
News in South Africa 13th April: 1. Floods ravage KZN: On Monday, 11 April, more than a fifth of a metre of rain fell at Mbazwana, in north KwaZulu-Natal just about 100km south of the Mozambique border, according to preliminary data from the SA Weather Service’s observation station there. The 206.4mm of rain measured at […]
News in South Africa 10th November: 1. Restaurants load shedding struggles: Restaurants roll out generators to fight load shedding – at a cost of R1,000 per hour. South Africa’s embattled restaurant industry is being battered by load shedding, turning to petrol and diesel generators to keep the lights on. But record-high fuel prices, following months […]
News in South Africa 16th March: 1. Eskom owed R35.2bil by government: Eskom said municipalities owed it R35.2 billion and it wanted its money. The power utility presented the state of its systems at Megawatt Park on Monday. CEO Andre de Ruyter said illegal connections also threaten to cause explosions and fires due to overloading. “As […]
