News in South Africa 15th May: 1. US won’t sanction SA over weapons row: South African Finance Minister Enoch Godongwana said his country resolved a row with the US over allegations that Pretoria supplied weapons to Russia and it’s unlikely to face any repercussions. A furore erupted on May 11, when US Ambassador to South […]
News in South Africa 5th May: 1. Lights out for over a month: The latest National Blackout Statistics for South Africa report shows that the average resident has spent 31.6 days in total darkness. The statistics, compiled by independent energy analyst Pieter Jordaan, show that South Africans currently sit in full blackout for 6.33 hours […]
News in South Africa 25th April: 1. SA still an attractive for investors: South Africa, the continent’s most industrialised economy, continues to be an attractive emerging market investment destination for global business leaders, thanks to the continuing presence of “stable governance and a robust legal framework”. This is according to findings contained in Kearney’s 2023 Foreign […]
News in South Africa 5th April: 1. Eskom testing new plan to cut power demand: Embattled power utility Eskom says it is piloting a national demand response programme in the small commercial and residential sectors in response to the electricity crisis facing South Africa. The programme is an expansion of the successful industrial Demand Response Programme, which […]
News in South Africa 28th February: 1. Plans for stage 16 load shedding: Last week, Eskom System Operator GM Isabel Fick admitted that it is working with the National Energy Regulator of South Africa (Nersa) on preparing schedules beyond Stage 8. This was confirmed later by acting head of generation Thomas Conradie on Saturday, who said guidelines […]
News in South Africa 20th February: 1. Stage 8 incoming: Experts, analysts and even Eskom itself are warning South Africans to brace for higher stages of load shedding. The embattled power utility announced on Sunday night (19 Febraury) that further breakdowns at its power stations have necessitated continuous stage 6 load shedding to be in […]
News in South Africa 15th February: 1. Inquiry into food prices launched: The Department of Trade and Industry and Competition has gazetted the terms of reference for a wide-reaching market inquiry related to the fresh produce market in South Africa, including prices. The inquiry, conducted by the Competition Commission, will investigate market conditions all along […]
News in South Africa 14th February: 1. Rand crashes through R18/$: The rand is trading on the wrong side of R18/$ for the first time in more than three months, as expectations grow that US interest rates may still climb much higher. On Monday morning, the local currency declined to R18.06/$, after trading around R17.50 […]
News in South Africa 23rd January: 1. Interest rate decision: South Africa’s Monetary Policy Committee (MPC) will hold its first meeting of the year to decide on interest rates on Thursday, and while economists agree that the central bank will continue to hike rates, they are split on the size of the increase. Last year was […]
News in South Africa 10th January: 1. Eskom questioned for solutions: With chronic power cuts continuing to bedevil South Africans, Parliament wants answers from Eskom. Public Enterprises committee chairperson Khaya Magaxa said Eskom management will be called to Parliament even before it officially opens next month. The country experienced unprecedented load shedding last year, including […]
