News in South Africa 17th November: 1. Technical recession avoided: South Africa’s economy is likely to have averted a technical recession in the third quarter despite record power outages, key data indicates. Better-than-expected mining and manufacturing output are set to outweigh relatively soft retail sales data, suggesting Africa’s most industrialized economy returned to growth in […]
News in South Africa 16th November: 1. Roadblocks ramp up: The Road Traffic Management Corporation (RTMC) has warned drivers in South Africa that policing efforts are being ramped up on the country’s roads ahead of the festive season. The group said that motorists who intend to travel for the festive season holidays need to start […]
News in South Africa 15th November: 1. Hopes of business growth: Despite an anticipated recession South African CEOs are already mitigating against expected risks with hopes of shaping business growth over the next few years. This is according to KPMG’s 2022 CEO Outlook Survey, which examined 1 325 CEOs around the world on their three-year […]
News in South Africa 14th November: 1. Infrastructure collapsing: Around half of South Africa’s public infrastructure has collapsed or is close to collapsing, and needs to be addressed as soon as possible. This is the warning from the South African Institution of Civil Engineering (Saice). Something has to be done or South Africa may become […]
News in South Africa 9th November: 1. COP27 pledges $10bil to go green: South Africa is one of the winners at COP27 — the International Partner Group (IPG) of five nations pledged an extra $10-billion to support the country’s transition investment plan from fossil fuels — but it will be costly. This was announced by […]
News in South Africa 8th November: 1. Joburg R2.2bn in debt: Gauteng told a SA Local Government Association (Salga) that the Johannesburg metro alone had eroded an opening balance of R409.4 million at the beginning of September to a negative balance of R835.5 million. The Ekurhuleni metro, which opened with R1.8 billion in its coffers, […]
News in South Africa 19th October: 1. Gauteng – water shortage: South Africa’s major cities in the Gauteng Province – the country’s economic heartland – are experiencing major water shortages. In Johannesburg and Tshwane taps have run dry, with numerous areas experiencing intermittent supply while some areas have no water at all. The province has […]
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 17th October: 1. Transnet strike drags on: Workers from the SA Transport and Allied Workers Union (Satawu) have rejected the Commission of Conciliation Mediation and Arbitration (CCMA)’s recommendations to try and solve its wage dispute with Transnet. The CCMA Commissioner proposed a settlement between the two parties on Thursday. Estimates are […]
News in South Africa 14th October: 1. R17.4bn Sanral tender deadline moved: The end-of-September target for awarding five tenders worth R17.4 billion cancelled by the South African National Roads Agency (Sanral) in May has been shifted to this month. Sanral GM for marketing and communications Vusi Mona confirmed to reporters on Thursday that the tenders are currently […]
