News in South Africa 5th December: 1. Load shedding issues worsen: While South Africa’s political space sits in a state of turmoil, the country’s power situation has been there for a long time – and is expected to get worse when Koeberg Unit 1 is pulled offline this week. On Thursday, 8 December 2022, Unit 1 […]
News in South Africa 19th October: 1. Gauteng – water shortage: South Africa’s major cities in the Gauteng Province – the country’s economic heartland – are experiencing major water shortages. In Johannesburg and Tshwane taps have run dry, with numerous areas experiencing intermittent supply while some areas have no water at all. The province has […]
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 4th October: 1. Water levels critical: Johannesburg Water has again shut down the supply to the northern suburbs of Johannesburg. This is the fourth time in less than three weeks. The emergency shutdown of the Bryanston reservoir and tower is to attend to another burst. There is no estimated time for […]
News in South Africa 9th September: 1. Queen Elizabeth II passes away: Queen Elizabeth II has passed away at 96 years old. In a statement sent to reporters, Buckingham Palace said the Queen “died peacefully at Balmoral” on Thursday afternoon. “The King and The Queen Consort will remain at Balmoral this evening and will return […]
News in South Africa 8th September: 1. Global economy worsening: The global economic outlook is getting cloudier, not clearer. While market volatility is expected, investment strategies should ideally reflect one’s personal circumstances – not current market conditions. The last week or so saw a broad sell-off across global bonds, credit, equities, and property. Commodity prices […]
News in South Africa 6th September: 1. Cost of living crisis: The South African government is debating the merits of introducing another relief package for citizens hard-hit by the recent economic turmoil in the country. The country is facing a cost of living crisis, which has already led to unrest and protest action. Cabinet began […]
News in South Africa 5th September: 1. Fuel price decrease: The Road Freight Association is one of several industries that have welcomed this week’s expected fuel price drop. After months of unbearable price hikes, the Central Energy Fund’s latest data predicts that 95-octane petrol is expected to decrease by around R2.35c. For Gauteng residents, this […]
News in South Africa 31st August: 1. Crypto industry crashing: Nearly 5 000 crypto employees have lost their jobs since April, reflecting the crushing $1.9 trillion (R32 trillion-plus) loss in the market value of cryptocurrencies since the peak in November 2021. Data from CryptoPresales.com shows June was the most brutal month, accounting for more than 60% of the […]
News in South Africa 30th August: 1. Rampant inflation to stay: The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth paying, […]
