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 21st July: 1. Financial stress climbing: A survey of more than 35 000 people has revealed that 55% spend more than 40% of their take-home pay on debt repayments, while 37% say more than half their available income goes straight to servicing debt. Nearly 80% of respondents say that they “experience […]
News in South Africa 12th January: 1. Load shedding to damage infrastructure: Raised levels of load-shedding are a crisis for the Tshwane municipality, affecting the condition of its electricity network and its ability to attend to outages. City of Tshwane MMC for utilities and regional operations Daryl Johnston made this comment on Wednesday after Eskom […]
News in South Africa 12th October: 1. Warning over high meat prices: South Africa’s real gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022. The biggest contributors to this contraction were agriculture, forestry & fisheries, down 7.7%, and pulled lower by a decrease in the production of animal products. Compared to […]
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 30th December: 1. Double J&J cuts Omicron hospital stays: Two doses of Johnson & Johnson’s Covid-19 vaccine slashed hospitalisations caused by the omicron variant in South Africa by up to 85%, a critical finding since the shot is being increasingly relied upon across the continent, researchers said. The results are a […]
News in South Africa 16th November: 1. Growing debt problems: The latest debt index from DebtBusters shows that South African consumers are falling further into financial trouble as people turn to unsecured credit to supplement their paycheques. The group’s third-quarter enquiries show that debt counselling increased by 17% compared to a year ago. Many consumers […]
News in South Africa 27th August: 1. Anti-vaxxers putting lives at risk: Western Cape provincial health minister Dr Nomafrench Mbombo has lashed out at anti-vaxxers, saying non-expert medical opinions about the Covid-19 vaccines are putting lives at risk by spreading misinformation. She said that vaccination efforts are being undermined by those who believe their opinions […]
News in South Africa 2nd August: 1. Primary schools back in action: Primary schooling is expected to take a step closer to normality as thousands of pupils will return to class on a daily basis from Monday. The decision to allow full attendance of pupils from grades R to 7, as well as learners attending […]
News in South Africa 25th June: 1. Gauteng not yet at Covid peak: Politicians and scientists are begging the citizens of Gauteng to do the basics to curb the spread of COVID-19. The nation’s economic hub is in the grips of a bruising third wave, with more than 74,000 active cases in the province. Nationally, […]
