News in South Africa 18th October: 1. Water infrastructure collapse: South Africa’s deteriorating water infrastructure threatens to plunge the country into widespread social unrest as taps run dry in some of the country’s largest cities. This is feedback from water expert and University of the Free State professor Dr Anthony Turton, who told Newzroom Afrika that “we […]
News in South Africa 16th October: 1. Population grows – economy falls: The most notable figure in the 2022 census of SA’s population is confirmation that the population increased to above 62 million people, which is close to 20% higher than in the previous census 10 years ago. An immediate thought that comes to mind is that […]
News in South Africa 10th October: 1. Wrong side of the war: The war between Israel and Hamas could be another conflict in which South Africa is deemed to be on the wrong side. In a rand note, Investec Chief Economist Annabel Bishop said that the stronger-than-expected US payroll data saw the rand weaken to […]
News in South Africa 6th October: 1. Cost of living crisis: Economists have flagged South Africa’s fiscal crisis, a weakening rand, and the consequences of poor governance – painting a bleak future for the average South African as the cost of living crisis deteriorates. South African Reward Association member Kirk Kruger said South Africans are […]
News in South Africa 4th October: 1. Eggs rationed: Woolworths and Pick n Pay are rationing eggs to customers in a bid to ensure regular supply as SA’s worst ever avian influenza outbreak continues to gather momentum. Woolworths said in response to questions on Tuesday that it had “implemented a limit on whole egg purchases […]
News in South Africa 29th September: 1. Global stocks dropping: World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices nearing $100 a barrel compounded concerns about persistently high global interest rates. There was brief respite from the dollar’s strength in currency markets, but […]
News in South Africa 27th September: 1. Government to fail on its promises: South Africa is set to miss all but one of the 2030 development targets its National Planning Commission set just over a decade ago. Of nine targets set in the National Development Plan, ranging from employment to investment, five measures have deteriorated […]
News in South Africa 26th September: 1. Storms flood Western Cape: Heavy rains and winds battered the Western Cape on Sunday and Monday, forcing hundreds of families to flee their flooded homes. In Covid Village in Mfuleni, a man died, apparently electrocuted by a live wire in the water. About 2 000 families fled their […]
News in South Africa 22nd September: 1. Global central banks high inflation credo: Central banks for the world’s biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reaches a peak. The so-called “higher for longer” mantra is […]
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 […]
