News in South Africa 30th October: 1. Midterm budget this week: As Minister of Finance, Enoch Godongwana prepares to deliver his mid-term budget speech this week, he said that if the country doesn’t cut expenditure and increase borrowing, it will be out of cash by the end of March 2024. He made the comments at […]
News in South Africa 29th September: 1. Global stocks dropping: World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices nearing $100 a barrel compounded concerns about persistently high global interest rates. There was brief respite from the dollar’s strength in currency markets, but […]
News in South Africa 12th September: 1. 200 000 public job cuts: President Cyril Ramaphosa has called an urgent but long overdue meeting with organised labour for Tuesday, as the possibility of a further wage freeze, job cuts, and more cuts to government services hang over the country. Federations were urgently advised of the meeting […]
News in South Africa 11th April: 1. Eskom debt relief extends to municipalities: National Treasury is rolling out an ambitious plan to rid struggling municipalities of their ever-growing debt to Eskom, but only if they adhere to strict conditions to permanently change problematic behaviour at council and consumer level. If successful, the plan – set […]
News in South Africa 24th November: 1. Liquor traders plead for no alcohol ban: Liquor traders are pleading with the government not to act hastily in dealing with the fourth COVID-19 wave. They fear the imposition of further alcohol bans will hurt players in the sector. Having been slammed with several outright bans on alcohol […]
News in South Africa 13th September: 1. Lockdown level 2: President Cyril Ramaphosa has announced that South Africa’s adjusted level 3 lockdown regulations will be relaxed as the country sees a decline in its third wave of Covid-19 cases. In a national address on Sunday evening, the president said that a sustained decline in infections […]
News in South Africa 20th May: 1. Retrenchments on the rise: In early 2020, insurance group Liberty was processing about 10 retrenchment claims a month. But five months after Covid-19 struck, that number increased six-fold. Liberty’s retrenchment claim statistics for 2020, released on Wednesday, give an indication of just how many people lost their jobs […]
News in South Africa 5th February: 1. Future alcohol bans still a possibility: The blanket ban on alcohol sales might be over, but the legal battle between South African Breweries (SAB) and Minister of Cooperative Governance and Traditional Affairs (Cogta) Nkosazana Dlamini-Zuma is not. And, according to an affidavit filed by the minister in the […]
News in South Africa 20th November: 1. SABC suspends retrenchments: The SABC board has suspended its retrenchment process for one week, a spokesperson announced on Thursday. “The board of the SABC would like to announce that it will suspend the [Section 189] process for a period of seven days. This will allow all stakeholders to […]
