News in South Africa 10th January: 1. SA’s R990 billion problem: It’s been nearly a decade of waning foreign interest in South African stocks, with outflows nearing R1 trillion over the period. Last year was the eighth year in a row that foreign investors dumped South African equities — a record-long streak — selling stocks […]
News in South Africa 22nd December: 1. Lights on over festive season: “We will have a festive season with the lights on,” Electricity Minister Kgosientsho Ramokgopa said on Thursday. The country has about 27 700 megawatts available and demand is averaging just more than 24 000 megawatts, Ramokgopa said during a briefing. That’s why we’re […]
News in South Africa 20th December: 1. 20 Durban beaches open: As thousands of holidaymakers are expected to descend on Durban shores for the festive season, eThekwini Municipality Mayor Mxolisi Kaunda has assured visitors and residents that the city’s beaches are safe for swimming. Kaunda gave his assurance as he officially reopened the iconic uMhlanga […]
News in South Africa 18th December: 1. Meat is back on the menu: Despite food price inflation remaining well outside the Reserve Bank’s headline inflation target range of 3%-6%, meat prices in South Africa are continuing their downward trend. This is according to the latest food inflation brief from the Bureau for Food and Agricultural […]
News in South Africa 6th December: 1. Govt pollution harms children: Two studies ordered by South Africa’s government into the impact of air pollution on community and child health showed emission limits it imposed on companies that emit the toxins are insufficient. The studies were undertaken in key industrial regions by academics at the University […]
News in South Africa 22nd November: 1. Inflation rises ahead of SARB decision: South Africa’s annual consumer price inflation (CPI) rose slightly in October, reaching the upper end of the South African Reserve Bank’s (SARB) target range. StatsSA announced today that annual CPI was 5.9% in October 2023, up from the 5.9% recorded in September […]
News in South Africa 20th November: 1. SARB interest rate announcement: The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will be meeting this week for the last time in 2023, with the bank’s next decision on interest rates in the country expected on Thursday (23 November). For the last two meetings, the MPC […]
News in South Africa 31st October: 1. Election clean up: South Africans should use next year’s elections to vote out “useless” politicians who have failed to prioritise jobs and drive investment, and choose leaders who will get the struggling economy back on track, according to one of the country’s top bankers. “You have to have […]
News in South Africa 27th October: 1. Warning signs for inflation: Producer price inflation (PPI) has grown, spelling bad news for South African consumers at the tills. According to Stats SA, September’s headline PPI increased from 4.3% in August to 5.1% in September – slightly worse than the Bloomberg consensus of 5.0%. The main contributors […]
News in South Africa 25th October: 1. Tax breaks for inverters and batteries: Electricity Minister Kgosientsho Ramokgopa said the government wants more businesses and households to opt for rooftop solar, and efforts are under way to push for a tax incentive to be extended to inverters and batteries part of solar PV systems. The minister […]
