News in South Africa 28th November: 1. Over 1000 businesses closed in 2023: Data from Stats SA shows that 136 businesses closed their doors in October. According to Stats SA, the 120 businesses closed down voluntarily, while 16 did so on a compulsory basis. This means that over 1,376 businesses have been liquidated since the […]
News in South Africa 29th August: 1. Over 900 businesses closed in 2023: Data from Stats SA shows that 140 businesses in South Africa were liquidated in July. According to Stats SA, the 127 businesses closed down voluntarily, while 13 did so on a compulsory basis. This takes the total number of liquidations in South […]
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 24th January: 1. Over 1 900 business shut down in 2022: Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. […]
News in South Africa 15th September: 1. 8.5mil vaccines to be destroyed: The government plans to destroy 8.5 million doses of the Covid-19 vaccine produced by pharmaceutical company Pfizer at the end of October. This, some experts said, casted a damning spotlight on how South Africa’s Covid-19 vaccination campaign had missed the mark. The situation […]
News in South Africa 29th July: 1. Hospitals and staff overwhelmed: While South Africa may be past the peak of the third wave, hospitals and medical staff are suffering aftershocks as admissions continue to rise. The peak of the wave reflects a topping out of new infections – however, those new cases tend to flood […]
News in South Africa 23rd March: 1. Government vaccine rollout too slow: The private sector is getting impatient with government’s slow rollout of the Covid-19 vaccine, with many attempting – and failing – to secure their own doses for employees and their families, meeting with a lot of red tape. Government has managed to only […]
News in South Africa 21st January: 1. Economy needs restrictions reduced: Western Cape premier Alan Winde is offering suggestions how to allow a controlled reopening of the economy under Covid-19 regulations, including a limited resumption of the sale of alcohol. He told the provincial legislature about his concerns for businesses and that he had held […]
News in South Africa 30th December: 1. Long wait for vaccines: South Africa, which has Africa’s worst recorded coronavirus outbreak, may have to wait months to receive its first vaccines even as other countries race to roll out the shots. The government only expects vaccines that it paid a deposit to secure from the World […]
