News in South Africa 29th March: 1. SA’s Covid vaccine strategy botched: South Africa’s ‘dismally slow’ vaccine acquisition and roll-out means the country will effectively have to rely on natural infection to reach herd immunity, with an estimated 150,000 lives lost to Covid-19 already. This is according to health economist, Professor Alex van den Heever, […]
News in South Africa 26th March: 1. SAA grounded despite bailouts: SAA’s business rescue process is almost at an end, but despite billions in money forked over by government in bailouts, there is still no real plan to get the restructured airline off the ground. Business rescue practitioners Siviwe Dongwana and Les Matuson notified the […]
News in South Africa 25th March: 1. Repo rate decision today: The Reserve Bank is expected to make a rates announcement today, with expectations that rates will be held at current levels of 3.5%. Yesterday, CPI inflation for February came in at 2.9% – below the bank’s target zone, and the lowest rate since June […]
News in South Africa 24th March: 1. Third wave closer than expected: Experts from the Nelson Mandela University in the Eastern Cape have warned that their statistical modelling shows that the third wave of Covid-19 could hit even sooner than expected – now projecting an increase in infections at the end of March and early […]
News in South Africa 23rd March: 1. Government vaccine rollout too slow: The private sector is getting impatient with government’s slow rollout of the Covid-19 vaccine, with many attempting – and failing – to secure their own doses for employees and their families, meeting with a lot of red tape. Government has managed to only […]
News in South Africa 19th March: 1. Third wave could lead to credit downgrade: South Africa’s finance minister said on Thursday that a third wave of the coronavirus could destabilise the government’s efforts to control its finances and avoid a further downgrade of the country’s sovereign rating. Two of the top three rating agencies – […]
News in South Africa 17th March: 1. SA’s economy could take 4 years to recover: The South African economy will take three to four years to get back to where it was before the Covid-19 pandemic, according to Absa chief economist and head of research Jeff Gable. This is a very different outlook to the […]
News in South Africa 15th March: 1. Students threaten total shutdown: SA’s 26 universities are on a knife-edge following a call by the powerful South African Students Congress (Sasco) for a total shutdown tomorrow. The planned shutdown will also be the focus of a meeting today of the central working committee of the EFF’s national […]
News in South Africa 12th March: 1. Eskom will not be privatised: Government has no intention to privatise power utility Eskom, said Public Enterprises Minister Pravin Gordhan. The minister was addressing a debate on the privatisation of Eskom during a mini-plenary session of the National Assembly on Thursday. “There is much work to be done […]
News in South Africa 11th March: 1. Third wave a certainty: As health officials warn that South Africa is likely to miss its vaccination targets, it is almost a certainty that the country is going to face a third wave of Covid-19. Medical experts have warned that the slow rollout of Covid vaccines in the […]
