News in South Africa 20th February: 1. Rand weakens: The rand has weakened with the market worried about South Africa’s marked fiscal slippage. In the 2023 Medium-Term Budget Policy Statement (MBTPS), gross debt was projected to peak at 77.7% of GDP in 2025/26, far higher than February 2023’s Budget estimate of 73.6%. Investec Chief Economist […]
News in South Africa 20th December: 1. 20 Durban beaches open: As thousands of holidaymakers are expected to descend on Durban shores for the festive season, eThekwini Municipality Mayor Mxolisi Kaunda has assured visitors and residents that the city’s beaches are safe for swimming. Kaunda gave his assurance as he officially reopened the iconic uMhlanga […]
News in South Africa 5th July: 1. Severe water shortage: Experts are warning of a looming water crisis on a scale worse than load-shedding in South Africa as criminal syndicates have begun targeting water infrastructure to score tenders. Professor Anthony Turton from the Centre for Environmental Management at the University of the Free State warned […]
News in South Africa 22nd May: 1. Stage 8 all but certain: Business interest group BLSA says that stage 8 load shedding is all but certain in the coming months, warning that companies relying on diesel to keep their operations going during outages will be hit even harder as the lights go out for as […]
News in South Africa 4th April: 1. Why Eskom is exempted: National Treasury claims pressure would be placed on the fiscus and the borrowing powers of state-owned enterprises (SOEs) if the exemption granted to Eskom from disclosing irregular and fruitless expenditure in its annual financial statements was not considered. Reacting to widespread criticism of the […]
News in South Africa 26th September: 1. Schools – load shedding crisis: The National Association of School Governing Bodies warns that the ongoing power cuts will have a devastating impact on the quality of schooling. The country battled Stage 6 power cuts last week. Eskom announced stage 3 load shedding for most of the week, […]
News in South Africa 31st December: 1. Zero tolerance for lockdown rule-breakers: The country’s security forces stepped up checks in Johannesburg streets on Tuesday evening, under orders to implement what the authorities called a “zero-tolerance approach” to violators. The restrictions wind back the clock to the early months of the coronavirus pandemic in South Africa. […]
