News in South Africa 27th June: 1. South Africans severely indebted: South Africans are among the most indebted people in the world, with as much as 73% of disposable household income servicing debt repayments. Credit abuses and frailties in the legislative framework, compounded by financial illiteracy, leave borrowers vulnerable to manipulation by lenders. This is […]
News in South Africa 19th May: 1. Price of water has tripled in the past decade: While most of the attention has been on the skyrocketing cost of electricity, especially as load shedding has become a near-permanent feature of daily life, the price households are paying for water has increased by significantly more in the […]
News in South Africa 15th May: 1. US won’t sanction SA over weapons row: South African Finance Minister Enoch Godongwana said his country resolved a row with the US over allegations that Pretoria supplied weapons to Russia and it’s unlikely to face any repercussions. A furore erupted on May 11, when US Ambassador to South […]
News in South Africa 17th October: 1. Transnet strike drags on: Workers from the SA Transport and Allied Workers Union (Satawu) have rejected the Commission of Conciliation Mediation and Arbitration (CCMA)’s recommendations to try and solve its wage dispute with Transnet. The CCMA Commissioner proposed a settlement between the two parties on Thursday. Estimates are […]
News in South Africa 26th September: 1. Schools – load shedding crisis: The National Association of School Governing Bodies warns that the ongoing power cuts will have a devastating impact on the quality of schooling. The country battled Stage 6 power cuts last week. Eskom announced stage 3 load shedding for most of the week, […]
News in South Africa 26th July: 1. The ‘real’ value of the rand: The Economist has updated its Big Mac Index for mid-2022, showing how the rand continues to be one of the most undervalued currencies globally, relative to the US dollar. The Big Mac Index is an initiative created by The Economist that aims […]
News in South Africa 6th July: 1. Rand at same level as Covid peak: On Tuesday, the rand slumped to its weakest level against the dollar since 2020 as global investors took fright. In early evening trading, the rand was trading at R16.58/$, more than a percent weaker than on Monday. The rand was stronger […]
News in South Africa 5th July: 1. Planned petrol price changes: Director of fuel pricing mechanism at the Department of Energy, Robert Maake, says the government is working on several regulatory changes to address South Africa’s high petrol price. Speaking to radio station 702, Maake said this includes: The possible introduction of a price cap; A […]
1. PCR tests and travel issues: South Africa’s coronavirus-induced state of disaster has ended, but some transitional regulations remain, including rules on entering the country, which could complicate family holidays. This new phase sees an end to the state of disaster, announced on Monday night, and a transition to legislation within the National Health Act that deals […]
News in South Africa 10th March: 1. State of disaster continues: The South African government is considering extending the country-wide state of disaster, which was imposed in mid-March 2020 in response to the Covid-19 pandemic, regulating the movement of people, the size of social gatherings, curfews and introducing mandatory mask-wearing in public. Sources involved in […]
