News in South Africa 11th August: 1. SA R500 billion in debt: South Africa will need to borrow R500 billion over the next year, or R2 billion per weekday on average, to fund its current fiscal deficit and refinance maturing debt. This increases the risk of investing in the country and increases borrowing costs for […]
News in South Africa 6th June: 1. Supermarkets’ diesel bill nears R3bn: The largest supermarket retailers in South Africa have now spent nearly R3 billion on diesel, to enable them to run generators so they could trade through the near-constant load shedding over the past nine months. The bulk of this expense came in the […]
News in South Africa 17th March: 1. Groceries cost 50% more: Over the past year, overarching factors such as geopolitical unrest, a weaker rand, and persistent and escalating load shedding have elevated food price inflation in South Africa – resulting in most consumers spending almost 50% more on groceries since 2019. This is according to […]
News in South Africa 27th July: 1. Ramaphosa’s Eskom solutions: Eskom will on an urgent basis in the next three months accelerate efforts to add new generation capacity to its faltering grid. The intervention was among a raft of energy security plans for the country announced by president Cyril Ramaphosa during an address to the […]
News in South Africa 30th July: 1. Vaccine rollout gains momentum: South Africa’s Covid-19 vaccine rollout is gaining momentum as it opens to younger age groups. A third of the country’s total jabs have been administered in the past two weeks alone. South Africa’s vaccination rollout got off to a shaky start due to procurement […]
