News in South Africa 22nd December: 1. Load shedding filled holidays: South Africans are set for a bleak, load-shedding-interrupted ‘festive’ season as Eskom’s generating output plummets to completely new lows. At Tuesday evening’s peak, it wasn’t even able to output 23 000MW in total. This forced unprecedented overnight Stage 6 load shedding so that it […]
News in South Africa 28th November: 1. Organised crime threatens economy: Organised crime is fast emerging as the biggest threat to our economy. It is now more damaging than bad policy or service delivery failures. We are in the grip of an epidemic with large industries from mining to construction being targeted by extortion rackets. This […]
News in South Africa 24th November: 1. SARB rate hike today: The rand firmed overnight to trade below R17 to the US dollar on Thursday morning – its strongest level since late August. The local currency was trading at R16.93 at around 06:00, buoyed by news out of the US that the Federal Reserve may […]
News in South Africa 18th October: 1. Load shedding back at stage 4: Power utility Eskom has pushed load shedding to stage 4 in the early hours of Tuesday morning (18 October) following more breakdowns at its power stations. Stage 4 will stay in place until further notice, it said. The move was necessary due […]
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 15th September: 1. 8.5mil vaccines to be destroyed: The government plans to destroy 8.5 million doses of the Covid-19 vaccine produced by pharmaceutical company Pfizer at the end of October. This, some experts said, casted a damning spotlight on how South Africa’s Covid-19 vaccination campaign had missed the mark. The situation […]
News in South Africa 15th April: 1. National state of disaster extended: Cooperative Governance and Traditional Affairs (Cogta) minister Nkosazana Dlamini-Zuma has announced the extension of South Africa’s national state of disaster by a further month. In a gazette published on Wednesday (14 April), Dlamini-Zuma said that the state of disaster will now continue until […]
News in South Africa 22nd January: 1. Repo rate unchanged at 3.5%: The Reserve Bank has decided to keep rates unchanged at 3.5%, in line with the expectations of economists. Governor Lesetja Kganyago made the announcement on Thursday afternoon, following the bank’s Monetary Policy Committee’s (MPC) first meeting for the year this week. Two of […]
News in South Africa 20th November: 1. SABC suspends retrenchments: The SABC board has suspended its retrenchment process for one week, a spokesperson announced on Thursday. “The board of the SABC would like to announce that it will suspend the [Section 189] process for a period of seven days. This will allow all stakeholders to […]
