News in South Africa 16th February: 1. Bad news for taxpayers: The Finance Minister will likely announce an increase in tax rates in the Budget Speech later this month as the government’s revenue collections continue to disappoint, leaving a gap of R15 billion to be filled. This is feedback from financial services firm PwC, which […]
News in South Africa 18th December: 1. Meat is back on the menu: Despite food price inflation remaining well outside the Reserve Bank’s headline inflation target range of 3%-6%, meat prices in South Africa are continuing their downward trend. This is according to the latest food inflation brief from the Bureau for Food and Agricultural […]
News in South Africa 10th October: 1. Wrong side of the war: The war between Israel and Hamas could be another conflict in which South Africa is deemed to be on the wrong side. In a rand note, Investec Chief Economist Annabel Bishop said that the stronger-than-expected US payroll data saw the rand weaken to […]
News in South Africa 26th June: 1. Eskom’s smart meter project: Eskom on Friday announced the beginning of a pilot project that will give consumers more control over load shedding by using smart meters. The utility said selected consumers in Fourways in Gauteng will during Stage 1-4 load shedding get four opportunities to reduce their […]
News in South Africa 20th March: 1. D-Day for national shutdown: In just a few hours, Julius Malema and his political party, the Economic Freedom Fighters (EFF) will attempt to shut down the country. He is urging party members to protest in full force and without fear. Some government leaders have warned that this will […]
News in South Africa 4th April: 1. Petrol hike lower than feared: A stronger rand exchange rate and the government’s decision to intervene on higher costs means South Africa’s ‘record’ petrol price hike this week will be comparatively muted, say economists at the Bureau for Economic Research (BER). The government’s intervention to reduce the general […]
News in South Africa 9th March: 1. Stage 4 load shedding: Eskom has announced that it will move to stage 4 load shedding at 09h00 on Wednesday (9 March) due to a further breakdown in units. The power utility said stage 4 load shedding will continue until 05h00 on Friday (11 March), thereafter load shedding […]
News in South Africa 8th March: 1. R40 petrol price unfounded: Fears that SA’s petrol price could double to R40/l in the short term are unfounded, but the country can still expect some economic pain as long as the Ukraine crisis continues, say economists. This was in response to media reports which shared comments that […]
News in South Africa 7th March: 1. Crude oil surges over $130: Crude oil prices surged nearly 10% on Sunday evening to top $130 a barrel on fears of a supply crunch. Oil’s relentless price rise comes on the back of fears about a supply crunch after American Secretary of State Antony Blinken told NBC’s “Meet […]
News in South Africa 3rd March: 1. UN condemns Russian invasion: The UN General Assembly on Wednesday overwhelmingly adopted a resolution that “demands” Russia “immediately” withdraw from Ukraine, in a powerful rebuke of Moscow’s invasion by a vast majority of the world’s nations. After more than two days of extraordinary debate which saw the Ukrainian […]
