News in South Africa 29th August: 1. Good news for petrol and food prices: Consumers are in for a reprieve in the coming months in South Africa as economic indicators point to food price inflation stabilising, while end-month data from the Central Energy Fund shows a likely petrol price cut for September. Stats SA published […]
News in South Africa 25th August: 1. Food expenses cut by 47%: The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows a continued rise in food items in August in South Africa – meaning less money in the pockets for consumers. This has led to families underspending on food […]
News in South Africa 24th August: 1. Vehicle industry slashing jobs: Automakers from General Motors to Toyota are on a mission to phase out gasoline vehicles. And while a future full of clean, electric cars will help reduce harmful emissions and stunt climate change, it may spell disaster for the thousands of auto workers whose jobs will be rendered […]
News in South Africa 3rd August: 1. Tough economic times: The South African economy, like many others around the world, has had a ‘bumpy’ start to 2022. The Russian invasion of Ukraine, volatility in international financial markets, inflationary pressures and so on have caused an economic environment that threatens to spill over into a global […]
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 21st July: 1. Inflation at 13 year high: The average rate of consumer price inflation (CPI) for South Africans hit 7.4%, StatsSA said on Wednesday, the highest seen in 13 years. But that was nothing compared to the increases in some prices, making for a much harder hit depending on your fondness […]
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 5th July: 1. Planned petrol price changes: Director of fuel pricing mechanism at the Department of Energy, Robert Maake, says the government is working on several regulatory changes to address South Africa’s high petrol price. Speaking to radio station 702, Maake said this includes: The possible introduction of a price cap; A […]
News in South Africa 4th July: 1. Basic food prices up 15%: The latest Household Affordability Index from the Pietermaritzburg Economic Justice & Dignity Group shows that the price of a basic household food basket is up by 13.6% year-on-year in June. This basket now costs R4 688 and is a R560 increase from a year ago. […]
News in South Africa 19th May: 1. South African satellite developing: South Africa is moving ahead with a plan to develop a communication satellite, Minister of Communications and Digital Technologies Khumbudzo Ntshavheni said on Wednesday. Satellites are used to relay signals used for telecommunications, broadcasting, weather forecasting, navigation, scientific research and earth observation. Ntshavheni, who took over […]
