News in South Africa 13th September: 1. Stage 6 load shedding: South African electricity outages remain at record levels despite the state power utility burning through vast quantities of diesel to bolster output. Eskom said Tuesday that Stage 6 power cuts, whereby 6,000 megawatts of capacity is removed from the grid to prevent a total […]
News in South Africa 23rd May: 1. Critical nursing shortage: South Africa is facing a critical shortage of nurses as private hospitals are restricted from training more of caregivers, according to the country’s largest private healthcare network. Although most South African hospitals have their own nursing colleges, only designated universities can issue professional nursing qualifications. […]
News in South Africa 17th May: 1. Unemployment rises: South Africa’s unemployment rate rose for the first time in more than a year and may continue climbing as power cuts intensify, discouraging investment and sapping economic growth. The official jobless rate jumped to 32.9% in the three months through March from 32.7% in the prior […]
News in South Africa 10th October: 1. SA on the brink of disaster: Former reconstruction and development minister Jay Naidoo says South Africa is in serious trouble and is showing signs of a failed state. Naidoo is a seasoned politician who was the founding general secretary of the Congress of South African Trade Unions (Cosatu). […]
News in South Africa 29th September: 1. Unemployment shock: SA’s unemployment rate could reach its highest since labour force data began to be collected. Economists say the country’s dwindling growth rate falls short of its growing need for employment, and this could lead to a decline in social cohesion. Recent data from financial services firm […]
News in South Africa 16th September: 1. Eskom wants 32% hike: Eskom plans to apply for a 32% tariff increase from 1 April 2023/24, it announced on Thursday. The large increase is another attempt by Eskom to persuade the National Energy Regulator of SA (Nersa) to grant it tariffs that are reflective of its costs. […]
News in South Africa 31st August: 1. Crypto industry crashing: Nearly 5 000 crypto employees have lost their jobs since April, reflecting the crushing $1.9 trillion (R32 trillion-plus) loss in the market value of cryptocurrencies since the peak in November 2021. Data from CryptoPresales.com shows June was the most brutal month, accounting for more than 60% of the […]
News in South Africa 30th August: 1. Rampant inflation to stay: The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth paying, […]
News in South Africa 25th August: 1. One third of South Africans unemployed: South Africa’s headline unemployment rate hit a record high of 34.4% in the second quarter from 32.6% in the first three months of the year as businesses shed staff due to the devastating economic impact of Covid-19. The rate was the highest […]
News in South Africa 12th August: 1. Economic recovery will be slow: Most people around the world don’t think their country’s economy will recover from the pandemic in the next year. A recent global survey from Ipsos for the World Economic Forum surveyed around 21,500 adults spanning 29 different countries, including the US, India, and Japan, to learn about […]
