News in South Africa 21st December: 1. Festive road fiasco: South Africa’s roads are hazardous, more so over the festive season when dangers multiply with more motorists reported to be driving under the influence. In one week alone, the Western Cape recorded a more than 300% increase in drunken driving arrests, with other provinces echoing […]
News in South Africa 29th March: 1. Investigation on essential food prices: South Africa’s Competition Commission said it’s investigating the price of a range of essential-food products, after consumers were subjected to “unjustified increases” over the past two years. A probe is being conducted into the cost of goods, including bread, cooking oils, corn meal, […]
News in South Africa 4th August: 1. Loadshedding at Stage 4: Power utility Eskom says that load shedding will increase to stage 4 on Thursday (4 August) between 16:00-24:00, due to the continued shortage of generation capacity. “Due to a shortage of generation capacity, coupled with the higher demand due to the colder weather, stage […]
News in South Africa 3rd August: 1. Tough economic times: The South African economy, like many others around the world, has had a ‘bumpy’ start to 2022. The Russian invasion of Ukraine, volatility in international financial markets, inflationary pressures and so on have caused an economic environment that threatens to spill over into a global […]
News in South Africa 22nd January: 1. Repo rate unchanged at 3.5%: The Reserve Bank has decided to keep rates unchanged at 3.5%, in line with the expectations of economists. Governor Lesetja Kganyago made the announcement on Thursday afternoon, following the bank’s Monetary Policy Committee’s (MPC) first meeting for the year this week. Two of […]
News in South Africa 19th October: 1. Nuclear power progress: The United States International Development Finance Corp pledged to support NuScale Power LLC, a US nuclear energy technology firm, to develop 2,500 megawatts of power in South Africa. South Africa’s government drafted an economic recovery plan in conjunction with business and labor groups several months […]
