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 24th November: 1. SARB keeps rates on hold: For its final decision of the year, the Monetary Policy Committee left SA’s key interest rate unchanged at 8.25% for a third consecutive meeting, in line with economists’ expectations. This comes after annual consumer price inflation leapt to 5.9% in October from 5.4% […]
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 17th November: 1. Egg supply is steadily increasing: The supply of egg and poultry meat is steadily increasing following shortages triggered by a bird flu outbreak that began in April, the department of agriculture, land reform and rural development said. “We are happy that the highly pathogenic avian influenza outbreak is under control […]
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 […]
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 11th October: 1. SA is falling apart: South Africa is falling apart, with unreliable electricity, poor railways, ports which do not function properly, a dilapidated road network, and deteriorating state finances. Late last month, Transnet CEO Portia Derby and CFO Nonkululeko Dlamini resigned, with Transnet Rail CEO Siza Mzimela following suit […]
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 6th September: 1. Households at breaking point: Households in South Africa have been hit by a “tsunami” of cost pressures, with the two biggest sources of energy now threatening to push many over the edge. The cost of petrol and diesel have shot up dramatically from today (Wednesday, 6 September), increasing between […]
News in South Africa 18th August: 1. Food price warning: Economists have warned that drier weather conditions and recent developments in international trade could lead to food price increases. According to Stats SA, annual inflation for food and non-alcoholic beverages – a central reason for high headline inflation – dropped from 11.9% in May to […]
