News in South Africa 12th February: 1. Budget Speech incoming: Budget Speech season is here and based on Finance Minister Enoch Godongwana’s mid-term presentation, we can expect many complex challenges to be unpacked. Godongwana has projected that the government will miss its revenue targets by nearly R57 billion for the 2023/24 tax year, and then […]
News in South Africa 19th September: 1. Load shedding suspended: Eskom will suspend load-shedding for an additional seven hours on Tuesday, 19 September 2023, due to improved generation capacity and reduced breakdowns. In a statement on Tuesday morning, the utility said that 13,577MW of generation capacity was unavailable due to breakdowns. Therefore, it would suspend load-shedding […]
News in South Africa 25th January: 1. R1.2trn needed for food import costs: Farmers in Africa will need as much as $65 billion (nearly R1.2 trillion) in loans annually to produce enough food to curb imports and cushion their economies from external shocks. The continent imports over 100 million metric tons of cereals at an […]
News in South Africa 23rd November: 1. Eskom in dire need of funds: Eskom has approached National Treasury asking for another R15 billion for diesel and other fuel so that it can keep the lights on in the country. The power utility has run out of fuel to power its open-cycle gas turbines, which are […]
News in South Africa 11th July: 1. Riot risks rising: Top business and government officials have warned that South Africa is set to face a repeat of the July 2021 riots as very little has been done to address the issues facing the country over the last year. Business Unity South Africa chief executive Cas […]
News in South Africa 11th May: 1. Cost of living rising ever higher: The upward pressure on food, fuel, and electricity prices will adversely impact all households during 2022. However, due to varying spending abilities and priorities, households in different expenditure deciles will be impacted differently, a new analysis by professional services firm PwC shows. […]
News in South Africa 21st April: 1. Cape Town fires incur massive losses: The University of Cape Town (UCT) is without doubt the greatest victim of the Rhodes Memorial fire, though all staff and students escaped without harm. Western Cape government spokesperson James-Brent Styan said on Tuesday that six buildings on the UCT campus were […]
News in South Africa 15th December: 1. New festive season lockdown restrictions: On Tuesday morning, government gazetted the new regulations for the festive season (until 3 January) that are effective immediately. The new regulations compel all district municipalities to publish on their websites and in the local media information about areas with high infection rates within […]
News in South Africa 24th November: 1. Second matric paper leaked: The tutor who blew the whistle on the leak of physical sciences paper 2 erased the tweet on Monday after receiving calls from angry pupils fearing they would have to rewrite it. The tutor received a screenshot of the question paper at 8.17am on […]
