News in South Africa 27th October: 1. Warning signs for inflation: Producer price inflation (PPI) has grown, spelling bad news for South African consumers at the tills. According to Stats SA, September’s headline PPI increased from 4.3% in August to 5.1% in September – slightly worse than the Bloomberg consensus of 5.0%. The main contributors […]
News in South Africa 26th July: 1. Food price relief: South Africa’s food inflation should continue to decline, despite new risks facing agriculture in South Africa. According to Stats SA, Consumer Price Inflation (CPI) cooled from 6.3% in May to 5.4% in June – the lowest reading since 5.0% in October 2021. Crucially, annual inflation […]
News in South Africa 11th August: 1. Unvaccinated increase chance of new variants: Health experts warn that populations that remain unvaccinated against Covid-19 increase the risk of more variants developing. The World Health Organization is already thinking past the Greek alphabet for potential variant names, saying that the longer the virus remains in high transmission, […]
News in South Africa 28th May: 1. Karpowership fights back: Karpowership SA has fired back at claims that its potential R225-billion power supply deal with Eskom is tainted by corruption. Explosive allegations were made by DNG Power Holdings, a rival bidder in the government’s Risk Mitigation Independent Power Producer Procurement Programme (RMI4P), in a court […]
News in South Africa 10th May: 1. New recycling levy: The City of Joburg (CoJ) wants to charge all “affluent” households a levy of R50 per month from July to fund its separation-at-source recycling programme. This proposal is part of its tariffs for 2021/2022 tabled in council in late March, with public comments closing on […]
