News in South Africa 20th February: 1. Stage 8 incoming: Experts, analysts and even Eskom itself are warning South Africans to brace for higher stages of load shedding. The embattled power utility announced on Sunday night (19 Febraury) that further breakdowns at its power stations have necessitated continuous stage 6 load shedding to be in […]
News in South Africa 26th January: 1. Sarb expected to moderate rate hikes: South Africa’s central bank is set to moderate its most aggressive interest-rate hiking cycle in at least two decades Thursday, and economists and traders will be on high alert for any signs of a pivot away from policy tightening. The median expectation […]
News in South Africa 12th January: 1. Load shedding to damage infrastructure: Raised levels of load-shedding are a crisis for the Tshwane municipality, affecting the condition of its electricity network and its ability to attend to outages. City of Tshwane MMC for utilities and regional operations Daryl Johnston made this comment on Wednesday after Eskom […]
News in South Africa 9th December: 1. SA – US trade issues: South Africa could lose part of its preferential access to the US if its trade policies disadvantage American exporters relative to their developed-nation counterparts, according to people familiar with the matter. Thousands of South African products enter the world’s biggest market duty-free under […]
News in South Africa 5th December: 1. Load shedding issues worsen: While South Africa’s political space sits in a state of turmoil, the country’s power situation has been there for a long time – and is expected to get worse when Koeberg Unit 1 is pulled offline this week. On Thursday, 8 December 2022, Unit 1 […]
News in South Africa 6th October: 1. Water restrictions kicking in: Rand Water has urged residents in Gauteng to implement water-saving strategies to avoid necessitating the move to higher stages of restrictions in the province. Large parts of Gauteng, including the major metropolitan municipalities of the City of Joburg, City of Tshwane and the City […]
News in South Africa 30th September: 1. Eskom employee wage increase: Eskom, which is under unprecedented financial strain, received another blow on Thursday when the CCMA awarded employees a further 1.5% wage increase, backdated to July 2021. The company is under unprecedented economic strain as it burns millions of litres of diesel a day to […]
News in South Africa 16th September: 1. Eskom wants 32% hike: Eskom plans to apply for a 32% tariff increase from 1 April 2023/24, it announced on Thursday. The large increase is another attempt by Eskom to persuade the National Energy Regulator of SA (Nersa) to grant it tariffs that are reflective of its costs. […]
News in South Africa 12th September: 1. Load shedding adverse effects: South Africa’s plans to add 5,200MW of renewable energy to its grid faces pressure from a perfect storm of global events, which will push up prices and hamper progress. Business Leadership South Africa chief executive officer Busi Mavuso said that South Africa risks falling […]
News in South Africa 8th September: 1. Global economy worsening: The global economic outlook is getting cloudier, not clearer. While market volatility is expected, investment strategies should ideally reflect one’s personal circumstances – not current market conditions. The last week or so saw a broad sell-off across global bonds, credit, equities, and property. Commodity prices […]
