News In South Africa 8th January: 1. Elections pose major risk to economy: South Africa’s upcoming national elections pose a major risk to the local economy, with policy uncertainty remaining elevated and investors wary of investing in the country entering uncharted political waters. This risk was highlighted by the North-West University (NWU) Business School in […]
News in South Africa 14th November: 1. SARS needs funds: The South African Revenue Service (SARS) will soon run out of ways to collect more taxes as tax hikes are not an option, and the factors limiting the country’s tax revenue are outside the service’s control. This is feedback from Deloitte Africa’s tax controversy leader, […]
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 5th May: 1. Lights out for over a month: The latest National Blackout Statistics for South Africa report shows that the average resident has spent 31.6 days in total darkness. The statistics, compiled by independent energy analyst Pieter Jordaan, show that South Africans currently sit in full blackout for 6.33 hours […]
News in South Africa 26th April: 1. Joburg loses nearly half its water: The City of Johannesburg loses nearly half of the water it provides on a daily basis. Johannesburg Water’s so-called “non-revenue water” (NRW), a bland term municipalities use to measure the portion of water lost due to leaks or non-billing, is now at […]
News in South Africa 28th March: 1. Civil servants may accept pay hike: South African public servants are likely to accept the government’s latest wage offer, according an initial estimate of a ballot of labour-union members. Employee groups representing about 1.3 million government workers are currently seeking a mandate from their members to accept a […]
News in South Africa 15th December: 1. Joburg gets a break from load shedding: Power utility Eskom says it will give the City of Johannesburg’s City Power a reprieve from load shedding. This follows requests from the city this week for a three-day break from rolling blackouts so it could attend to disaster-struck areas. “Eskom […]
News in South Africa 8th November: 1. Joburg R2.2bn in debt: Gauteng told a SA Local Government Association (Salga) that the Johannesburg metro alone had eroded an opening balance of R409.4 million at the beginning of September to a negative balance of R835.5 million. The Ekurhuleni metro, which opened with R1.8 billion in its coffers, […]
News in South Africa 4th October: 1. Water levels critical: Johannesburg Water has again shut down the supply to the northern suburbs of Johannesburg. This is the fourth time in less than three weeks. The emergency shutdown of the Bryanston reservoir and tower is to attend to another burst. There is no estimated time for […]
News in South Africa 20th September: 1. Rand nears 2020 lows: The rand dipped early on Tuesday, trading near its weakest against the dollar since 2020, as financial markets braced for this week’s US Federal Reserve meeting where an aggressive interest rate hike is expected. At 0555 GMT, the rand traded at R17.69 against the […]
