News in South Africa 23rd September: 1. Load shedding threatens food supply: Agri SA says it has requested an urgent meeting with Eskom CEO Andre de Ruyter to discuss the outlook for load shedding in the country, ahead of the summer crop planting season. The federation of agricultural organisations says it fears the current state […]
News in South Africa 22nd September: 1. All talk no action for energy crisis: Hours after Cyril Ramaphosa held a Cabinet meeting to discuss the country’s energy crisis, the president and his ministers were still deliberating on reports presented by Public Enterprises Minister Pravin Gordhan. The president held a scheduled Cabinet meeting on Wednesday, which […]
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 […]
News in South Africa 19th September: 1. Eskom in dire straits: Following an urgent board meeting while Stage 5 load shedding was biting on Saturday 17 September, Eskom will on Monday start to urgently procure additional energy from existing independent power producers. This announcement was made during an emergency media briefing by Eskom group chief […]
News in South Africa 14th September: 1. Truck looting spikes on roads: The looting and violent attacks on road freight logistics vehicles and the destruction of trucks and goods have begun to undo both the status of South Africa as a safe haven for investment and as an efficient logistics hub, for foreign traders, says […]
News in South Africa 12th September: 1. Load shedding adverse effects: South Africa’s plans to add 5,200MW of renewable energy to its grid faces pressure from a perfect storm of global events, which will push up prices and hamper progress. Business Leadership South Africa chief executive officer Busi Mavuso said that South Africa risks falling […]
News in South Africa 9th September: 1. Queen Elizabeth II passes away: Queen Elizabeth II has passed away at 96 years old. In a statement sent to reporters, Buckingham Palace said the Queen “died peacefully at Balmoral” on Thursday afternoon. “The King and The Queen Consort will remain at Balmoral this evening and will return […]
News in South Africa 5th September: 1. Fuel price decrease: The Road Freight Association is one of several industries that have welcomed this week’s expected fuel price drop. After months of unbearable price hikes, the Central Energy Fund’s latest data predicts that 95-octane petrol is expected to decrease by around R2.35c. For Gauteng residents, this […]
News in South Africa 17th August: 1. Investment in woman-owned businesses: The Mineworkers Investment Company (MIC) wants to invest R150 million in emerging black-owned businesses. The MIC, through its venture capital initiative, MIC Khulisani Ventures, has launch the second window of applications to support what it calls high growth potential and innovative businesses. It is offering […]
News in South Africa 5th August: 1. Stage 2 loadshedding continues: A major delay in restarting Eskom’s Koeberg unit 2 is largely to blame for load shedding rearing its ugly head again, just 11 days after it was suspended. Energy expert Chris Yelland notes that the failure to synchronise the unit to the grid is […]
