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 8th March: 1. ETC corruption allegations: Police reports and documents provided to the National Prosecution Authority (NPA) have brought grave allegations against Electronic Toll Collection (ETC) and its parent company, Kapsch TrafficCom. Among the allegations are that ETC, with full knowledge of Kapsch, made payments totalling R10 million over three years […]
News in South Africa 5th March: 1. One year of Covid-19 in South Africa: Today marks one year since the first case of Covid-19 was reported in South Africa, with health minister Dr Zweli Mkhize saying that despite difficulties, the country has remained resilient during the pandemic. However, he warned that the pandemic wasn’t something […]
News in South Africa 4th March: 1. Fake Covid-19 vaccines seized: South African authorities have seized hundreds of fake Covid-19 vaccines following a global alert issued by Interpol, the international criminal police organisation. Some 400 vials – equivalent to around 2,400 doses – containing the fake vaccine were found at a warehouse in Germiston, Gauteng, […]
News in South Africa 3rd March: 1. JHB road plant down for over 5 months: The Johannesburg Roads Agency’s R50m asphalt plant ‘has been down for over five months’. The Johannesburg Roads Agency (JRA), an entity within the City of Joburg, is currently unable to produce asphalt at a R50 million plant it acquired in […]
News in South Africa 2nd March: 1. Unions aim high with wage demands: Union insiders stated that the decision by public-sector unions to publicly share details of this year’s wage demands was a desperate move to appear active to disgruntled members who were resigning in droves. In a pre-emptive unprecedented move, unions on Monday revealed they […]
News in South Africa 26th February: 1. Experts say Covid is here to stay: Health experts warn that people need to face reality and start coming to terms with the fact that Covid-19 is not going to go away, and that vaccines will not be the silver bullet to eradicate the virus among the global […]
News in South Africa 25th February: 1. Budget speech – response largely positive: he response to National Treasury’s 2021 budget has been broadly positive, with analysts praising the finance minister for sticking to his guns on cutting spending, while dropping plans to raise more taxes. However, it has not been without controversy, particularly from the […]
News in South Africa 24th February: 1. Budget speech at 14:00 today: Finance minister Tito Mboweni will deliver the 2021 budget this afternoon at 14h00. Analysts and economists are not hopeful of any significant strides in turning the South African economy around, given tight budgetary constraints and little wiggle room on both the revenue and […]
News in South Africa 23rd February: 1. Lessons learned from second wave: We’re past the worst of our second COVID wave, but experts warn that South Africa will almost certainly be facing a third and fourth wave — possibly with more infections and deaths than in previous waves. A third wave could be only three months […]
