News in South Africa 9th September: 1. Queen Elizabeth II passes away: Queen Elizabeth II has passed away at 96 years old. In a statement sent to reporters, Buckingham Palace said the Queen “died peacefully at Balmoral” on Thursday afternoon. “The King and The Queen Consort will remain at Balmoral this evening and will return […]
News in South Africa 8th September: 1. Global economy worsening: The global economic outlook is getting cloudier, not clearer. While market volatility is expected, investment strategies should ideally reflect one’s personal circumstances – not current market conditions. The last week or so saw a broad sell-off across global bonds, credit, equities, and property. Commodity prices […]
News in South Africa 6th September: 1. Cost of living crisis: The South African government is debating the merits of introducing another relief package for citizens hard-hit by the recent economic turmoil in the country. The country is facing a cost of living crisis, which has already led to unrest and protest action. Cabinet began […]
News in South Africa 5th September: 1. Fuel price decrease: The Road Freight Association is one of several industries that have welcomed this week’s expected fuel price drop. After months of unbearable price hikes, the Central Energy Fund’s latest data predicts that 95-octane petrol is expected to decrease by around R2.35c. For Gauteng residents, this […]
News in South Africa 31st August: 1. Crypto industry crashing: Nearly 5 000 crypto employees have lost their jobs since April, reflecting the crushing $1.9 trillion (R32 trillion-plus) loss in the market value of cryptocurrencies since the peak in November 2021. Data from CryptoPresales.com shows June was the most brutal month, accounting for more than 60% of the […]
News in South Africa 30th August: 1. Rampant inflation to stay: The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth paying, […]
News in South Africa 29th August: 1. Good news for petrol and food prices: Consumers are in for a reprieve in the coming months in South Africa as economic indicators point to food price inflation stabilising, while end-month data from the Central Energy Fund shows a likely petrol price cut for September. Stats SA published […]
News in South Africa 25th August: 1. Food expenses cut by 47%: The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows a continued rise in food items in August in South Africa – meaning less money in the pockets for consumers. This has led to families underspending on food […]
News in South Africa 24th August: 1. Vehicle industry slashing jobs: Automakers from General Motors to Toyota are on a mission to phase out gasoline vehicles. And while a future full of clean, electric cars will help reduce harmful emissions and stunt climate change, it may spell disaster for the thousands of auto workers whose jobs will be rendered […]
News in South Africa 23rd August: 1. Eskom gears up for renewables: Eskom is working with the South African Renewable Technology Centre (SARETEC) to upskill its workers and adapt to the shift to renewable energy, moving away from coal power stations. On Monday (22 August), the national power utility signed a memorandum of agreement with […]
