News in South Africa 5th April: 1. State of disaster over: On Monday night, co-operative governance minister Nkosazana Dlamini Zuma terminated South Africa’s national state of disaster on Covid-19, fulfilling the promise made by President Cyril Ramaphosa in an address to the nation just hours before. In a notice in the Government Gazette, Dlamini Zuma said she […]
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 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 20th January: 1. Vape industry targeted: National Treasury published a discussion paper on the intended taxation of electronic nicotine and non-nicotine delivery systems – vaping products – on December 15 last year, following the heads-up given by the Minister of Finance in the 2021 February Budget. The government had signalled its intention to start […]
News in South Africa 4th January 2022: 1. Updated travel restrictions for SA: Both Germany and the US have eased some travel restrictions on South Africa, as global concerns around the Omicron variant continue to subside. In a proclamation issued at the end of December, US president Joe Biden said that health officials had made substantial progress […]
News in South Africa 30th November: 1. Mandatory vaccines coming: As the government moves to consult and investigate vaccine mandates amid calls from businesses and other groups that they are implemented as soon as possible, legal opinions are coming around how viable such mandates could be in the eyes of the law. Legal experts believe […]
News in South Africa 8th November: 1. Load shedding crisis: South Africa’s load shedding crisis could escalate as Eskom’s relationship with service providers, Tenova Mining and Minerals SA, has reportedly soured to the point that critical work at the Kusile power stations has stopped. A contractual dispute with Eskom has reportedly led to work on […]
News in South Africa 3rd November: 1. Load shedding causing mass job loss: The ongoing power cuts in South Africa are expected to result in the shedding of at least 350 000 jobs, despite projections of 3.9% economic growth for 2021. This is according to a research report by accounting firm PwC, which notes that the return […]
News in South Africa 21st October: 1. Covid-19 cases reach 17-month lows: South Africa’s new daily confirmed Covid-19 cases – measured as a rolling 7-day average – has dropped to levels last seen in May 2020, before the country experienced its first wave of infection. South Africa has recorded a daily average of 637 new Covid-19 […]
