News in South Africa 20th September: 1. Rand stuck at R19/USD: The rand has been stuck at around R19/USD as markets worry about the deterioration in South Africa’s state finances, the risk of a global recession, and the US Federal Reserve’s aggressive monetary policy stance. This is according to Investec chief economist Annabel Bishop, whose […]
News in South Africa 3rd February: 1. Water supply a major concern: As load-shedding intensified on Wednesday there were concerns that Gauteng municipalities which suffered from water shortages would again have more communities with dry taps. On Wednesday the power utility implemented stage 6 load-shedding from stage 5 the previous day. The utility again moved to stage […]
News in South Africa 16th January: 1. Ramaphosa stays home for power crisis: President Cyril Ramaphosa has cancelled his visit to Switzerland to urgently attend to the energy crisis back home. Ramaphosa was scheduled to travel to Davos for the World Economic Forum summit, an annual meeting of world leaders, business and civil society which […]
News in South Africa 11th October: 1. R350 grant criteria relaxed: Social Development Minister Lindiwe Zulu has apologised to recipients of the R350 Covid-19 Social Relief of Distress (SRD) grant for problems in its administration after the end of the national state of disaster early in April. She was speaking at a media briefing in […]
News in South Africa 15th June: 1. Power crisis deepens: he City of Joburg is facing a deepening power crisis, with electricity problems leading to more blackouts that take days to repair. The problems extend beyond just outages, with delayed maintenance, tampering and illegal connections now putting lives at risk. Numerous reports of live electricity […]
News in South Africa 17th March: 1. SA’s economy could take 4 years to recover: The South African economy will take three to four years to get back to where it was before the Covid-19 pandemic, according to Absa chief economist and head of research Jeff Gable. This is a very different outlook to the […]
