News in South Africa 30th June: 1. SA – dangerous and violent: The Institute of Economics and Peace (IEP) published its Global Peace Index (GPI) for 2023, showing South Africa is less peaceful than a year ago – dropping eight places in the rankings. South Africa also now ranks as the 20th worst country in […]
News in South Africa 8th March: 1. Recession looms: South Africa is on the edge of recession after printing a much more larger than expected contraction in gross domestic product (GDP) on Tuesday (7 March). According to the figures published by Stats SA, the country’s economy declined by 1.3% in the fourth quarter of 2022 […]
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 14th November: 1. Infrastructure collapsing: Around half of South Africa’s public infrastructure has collapsed or is close to collapsing, and needs to be addressed as soon as possible. This is the warning from the South African Institution of Civil Engineering (Saice). Something has to be done or South Africa may become […]
News in South Africa 30th September: 1. Eskom employee wage increase: Eskom, which is under unprecedented financial strain, received another blow on Thursday when the CCMA awarded employees a further 1.5% wage increase, backdated to July 2021. The company is under unprecedented economic strain as it burns millions of litres of diesel a day to […]
News in South Africa 21st July: 1. Inflation at 13 year high: The average rate of consumer price inflation (CPI) for South Africans hit 7.4%, StatsSA said on Wednesday, the highest seen in 13 years. But that was nothing compared to the increases in some prices, making for a much harder hit depending on your fondness […]
News in South Africa 16th November: 1. Growing debt problems: The latest debt index from DebtBusters shows that South African consumers are falling further into financial trouble as people turn to unsecured credit to supplement their paycheques. The group’s third-quarter enquiries show that debt counselling increased by 17% compared to a year ago. Many consumers […]
News in South Africa 13th April: 1. RAF R300bil in debt: Civil group Outa says that government has completely lost control of the Road Accident Fund, which is R300 billion in debt and reportedly on the brink of collapse. The group noted that the fund has grown from R9 billion a year to R45 billion […]
