News in South Africa 29th January: 1. SA risks losing out on new ‘gold rush’: The world’s need to decarbonise should benefit South Africa’s mining sector – but government inefficiencies are pushing the industry off the rails. Business Leadership South Africa CEO Busiswe Mavuso said the rapid deterioration of Transnet’s ability to move resources across […]
News in South Africa 22nd January: 1. High interest rates crushing households: Economist and independent analyst Dr Roelof Botha said the South African Reserve Bank’s (SARB) high interest rates have created a “self-inflicted pandemic” in the country as households struggle to get by. Botha’s comments were made in light of the Altron FinTech Household Resilience Index for […]
News in South Africa 20th June: 1. Roads leading to food shortage: Farmers are being driven to desperation over the poor state of roads. Some are now maintaining roads themselves to get their produce to market. AgriSA says poorly maintained roads are just one of the many issues faced by local farmers. This results in […]
News in South Africa 25th April: 1. SA still an attractive for investors: South Africa, the continent’s most industrialised economy, continues to be an attractive emerging market investment destination for global business leaders, thanks to the continuing presence of “stable governance and a robust legal framework”. This is according to findings contained in Kearney’s 2023 Foreign […]
News in South Africa 8th February: 1. Investors abandon SA: Investors have lost faith in South Africa’s government and have halted investment despite a wealth of opportunities, the head of the country’s biggest employer in the crucial mining industry said. More than 200 days of power cuts last year and blackouts every day so far […]
News in South Africa 24th January: 1. Over 1 900 business shut down in 2022: Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. […]
News in South Africa 19th January: 1. Eskom diesel nightmare: Eskom is living hand-to-mouth in its efforts to obtain the diesel needed to continue running its open-cycle gas turbines (OCGTs), which, in the face of prolonged power generation outages, is the only way the utility can stave off severe and ongoing curtailment of South Africa’s […]
News in South Africa 17th January: 1. Hardships pile up for consumers: Economists are raising red flags over higher inflation rates, which will invariably lead to more interest rate hikes from the South African Reserve Bank (SARB) as South Africans continue to sit under the pressure of high levels of load shedding and a massive […]
News in South Africa 10th January: 1. Eskom questioned for solutions: With chronic power cuts continuing to bedevil South Africans, Parliament wants answers from Eskom. Public Enterprises committee chairperson Khaya Magaxa said Eskom management will be called to Parliament even before it officially opens next month. The country experienced unprecedented load shedding last year, including […]
News in South Africa 21st December: 1. Minimum wage changes: Early in 2023, South Africa could have a new medium-term target for what the minimum wage should be. But it will not be a rand amount. Instead it will be a statement of intent – and a guarantee that minimum-wage earners will never fall behind […]
