Five Newsworthy Things in SA 16th February 2024:

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 […]

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Five Newsworthy Things in SA 5th September 2023:

News in South Africa 5th September: 1. Stage 6 load shedding: Power utility Eskom has announced that load shedding will be escalated to stage 6 indefinitely. With the increase in generation planned maintenance, as well as the loss of a further two generation units on Monday, the utility said that Stage 6 load shedding will […]

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Five Newsworthy Things in SA 28th September 2022:

News in South Africa 28th September: 1. Matric exams and load shedding: The KwaZulu Natal Education Department is raising concern over the impact that continual load shedding could have on students’ preparation for matric exams. Speaking to reporters, the MEC for the department, Kwazi Mthethwa, said that at some point this year, the national minister was engaged […]

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Five Newsworthy Things in SA 20th September 2022:

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 […]

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Five Newsworthy Things in SA 6th July 2022:

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 […]

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