News in South Africa 21st December: 1. Minimum wage changes: Early in 2023, South Africa could have a new medium-term target for what the minimum wage should be. But it will not be a rand amount. Instead it will be a statement of intent – and a guarantee that minimum-wage earners will never fall behind […]
News in South Africa 12th December: 1. Stage 7 load shedding already here: As power utility Eskom spent much of last week avoiding the dreaded stage 7 load shedding threshold, economists at the Bureau for Economic Research (BER) said it has already technically been crossed. “At a point last week, Eskom was technically ‘shedding’ at […]
News in South Africa 8th December: 1. Toxic bottled water: Three brands of bottled water they found for sale at shops in Pretoria are unfit for human consumption, say scientists who analysed their composition – and the rest aren’t great either. Levels of chromium and nickel were above World Health Organisation (WHO) recommendations in all 12 brands […]
News in South Africa 7th December: 1. SA’s economic growth hampered: Chief economist at Econometrix, Azar Jammine, said that corruption and a lack of infrastructure investment could hamper the country’s economic growth. The economy grew by 1.6% in the third quarter of 2022, after contracting by 0.7% in the second quarter. But Jammine was worried that […]
News in South Africa 5th December: 1. Load shedding issues worsen: While South Africa’s political space sits in a state of turmoil, the country’s power situation has been there for a long time – and is expected to get worse when Koeberg Unit 1 is pulled offline this week. On Thursday, 8 December 2022, Unit 1 […]
News in South Africa 1st December: 1. SA’s wealthy donated R6.8bn to needy: The latest Nedbank Private Wealth Giving Report shows that 83% of South Africa’s high-net-worth individuals (HNWIs) showed up to make a difference in 2021, by giving of their time, money, goods and services to worthy causes – despite the Covid-19 pandemic. Published last week, […]
News in South Africa 29th November: 1. Infrastructure growth not a reality: The South African government has put a spin on infrastructure projects worth billions of rands as a way to drag the economy out of stagnation – but the PR belies the reality that not much has been done over the last few years […]
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 18th October: 1. Load shedding back at stage 4: Power utility Eskom has pushed load shedding to stage 4 in the early hours of Tuesday morning (18 October) following more breakdowns at its power stations. Stage 4 will stay in place until further notice, it said. The move was necessary due […]
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). […]
