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 […]
News in South Africa 10th March: 1. Ratings agencies doubtful of budget targets: Ratings agencies doubt that finance minister Tito Mboweni will meet his 2021 budget targets, highlighting the various challenges faced by South Africa in trying to stabilise its debt. Mboweni said that South Africa’s debt-to-GDP ratio will peak at 88.9% in 2023, down […]
News in South Africa 10th February: 1. Ratepayers have had enough: Rates and tax revolts are either underway or being contemplated by ratepayer associations fed up at being forced to pay rates and taxes to dysfunctional municipalities. They are called ‘tax diversions’ rather than revolts, and they’re of questionable legality, but several ratepayer associations are […]
News in South Africa 2nd February: 1. SA Lockdown measures relaxed: South African lockdown measures have been relaxed as the country records its lowest number of daily infections since the start of December. Ramaphosa announced the country would remain on an adjusted Level 3 with the sale of alcohol, among other things, being permitted. “In fact, […]
News in South Africa 14th December: 1. Ramaphosa to address nation tonight: President Cyril Ramaphosa will address the nation tonight at 20h00. President Cyril Ramaphosa is expected to give details of a wide range of new restrictions on Monday evening as the country battles a second wave of COVID-19. Over the weekend, he met with Cabinet to […]
News in South Africa 27th October: 1. Another lockdown impossible: Economists and analysts say that another hard lockdown in South Africa will be an impossible situation – which could lead to ‘state violence’. As second- and third waves of Covid-19 sweep the US, Europe and other parts of the world, with South Africa’s infection rate […]
