News in South Africa 4th August: 1. Loadshedding at Stage 4: Power utility Eskom says that load shedding will increase to stage 4 on Thursday (4 August) between 16:00-24:00, due to the continued shortage of generation capacity. “Due to a shortage of generation capacity, coupled with the higher demand due to the colder weather, stage […]
News in South Africa 13th July: 1. New crypto laws: The South African Reserve Bank is set to introduce new regulations around trading cryptocurrency in the country in the next 12-18 months, says deputy governor Kuben Naidoo. Speaking in PSG’s latest Think Big webinar, Naidoo said that South Africa was largely on par with other […]
News in South Africa 4th July: 1. Basic food prices up 15%: The latest Household Affordability Index from the Pietermaritzburg Economic Justice & Dignity Group shows that the price of a basic household food basket is up by 13.6% year-on-year in June. This basket now costs R4 688 and is a R560 increase from a year ago. […]
News in South Africa 31st May: 1. Fuel price crisis: Government is still looking at its options as the country faces a petrol price crisis with an increase of around R3.80 a litre taking the price to about R25 a litre. The fuel levy was decreased by R1.50 two months ago, but this was only […]
News in South Africa 11th May: 1. Cost of living rising ever higher: The upward pressure on food, fuel, and electricity prices will adversely impact all households during 2022. However, due to varying spending abilities and priorities, households in different expenditure deciles will be impacted differently, a new analysis by professional services firm PwC shows. […]
News in South Africa 5th April: 1. State of disaster over: On Monday night, co-operative governance minister Nkosazana Dlamini Zuma terminated South Africa’s national state of disaster on Covid-19, fulfilling the promise made by President Cyril Ramaphosa in an address to the nation just hours before. In a notice in the Government Gazette, Dlamini Zuma said she […]
News in South Africa 4th April: 1. Petrol hike lower than feared: A stronger rand exchange rate and the government’s decision to intervene on higher costs means South Africa’s ‘record’ petrol price hike this week will be comparatively muted, say economists at the Bureau for Economic Research (BER). The government’s intervention to reduce the general […]
News in South Africa 8th March: 1. R40 petrol price unfounded: Fears that SA’s petrol price could double to R40/l in the short term are unfounded, but the country can still expect some economic pain as long as the Ukraine crisis continues, say economists. This was in response to media reports which shared comments that […]
News in South Africa 18th January: 1. Eskom pushing for 20.5% increase: Eskom has reiterated its calls for a 20.5% tariff increase for the 2023 financial year, warning that the hike is necessary for the continuation of its operations. In a presentation to the National Energy Regulator of South Africa (Nersa) on Monday (17 January), […]
News in South Africa 30th December: 1. Double J&J cuts Omicron hospital stays: Two doses of Johnson & Johnson’s Covid-19 vaccine slashed hospitalisations caused by the omicron variant in South Africa by up to 85%, a critical finding since the shot is being increasingly relied upon across the continent, researchers said. The results are a […]
