News in South Africa 20th September: 1. Rand nears 2020 lows: The rand dipped early on Tuesday, trading near its weakest against the dollar since 2020, as financial markets braced for this week’s US Federal Reserve meeting where an aggressive interest rate hike is expected. At 0555 GMT, the rand traded at R17.69 against the […]
News in South Africa 25th August: 1. Food expenses cut by 47%: The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows a continued rise in food items in August in South Africa – meaning less money in the pockets for consumers. This has led to families underspending on food […]
News in South Africa 16th August: 1. New border laws: The Department of Home Affairs has announced the commencement of South Africa’s new border management laws, which take effect this week. The Border Management Authority (BMA) Act has taken effect from Monday, 15 August, with most sections commencing, according to Home Affairs minister, Aaron Motsoaledi. […]
News in South Africa 13th July: 1. New crypto laws: The South African Reserve Bank is set to introduce new regulations around trading cryptocurrency in the country in the next 12-18 months, says deputy governor Kuben Naidoo. Speaking in PSG’s latest Think Big webinar, Naidoo said that South Africa was largely on par with other […]
News in South Africa 11th July: 1. Riot risks rising: Top business and government officials have warned that South Africa is set to face a repeat of the July 2021 riots as very little has been done to address the issues facing the country over the last year. Business Unity South Africa chief executive Cas […]
News in South Africa 6th July: 1. Rand at same level as Covid peak: On Tuesday, the rand slumped to its weakest level against the dollar since 2020 as global investors took fright. In early evening trading, the rand was trading at R16.58/$, more than a percent weaker than on Monday. The rand was stronger […]
News in South Africa 28th June: 1. Eskom protest progress: Eskom has put its plans in motion to end protests that have disrupted its operations and break the deadlock at its wage talks – however, unions are pushing for intervention from public enterprises minister Pravin Gordhan. Historically, an intervention from the minister worked in unions’ […]
News in South Africa 10th March: 1. State of disaster continues: The South African government is considering extending the country-wide state of disaster, which was imposed in mid-March 2020 in response to the Covid-19 pandemic, regulating the movement of people, the size of social gatherings, curfews and introducing mandatory mask-wearing in public. Sources involved in […]
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 […]
News in South Africa 5th October: 1. Massive national strike today: Members of the National Union of Metalworkers of South Africa (Numsa) embarked on a national strike on Tuesday (5 October) following a deadlock in negotiations for a new wage deal. Union members didn’t report for duty in five of the country’s nine provinces and […]
