News in South Africa 12th July: 1. Standard Bank drops mandatory vaccines: Standard Bank has withdrawn its Covid-19 vaccination policy with immediate effect, with approximately 95% of its employees already vaccinated. In an emailed statement, the bank said it took a range of factors into account in reviewing its policy, including recent regulatory developments, the […]
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 4th July: 1. Basic food prices up 15%: The latest Household Affordability Index from the Pietermaritzburg Economic Justice & Dignity Group shows that the price of a basic household food basket is up by 13.6% year-on-year in June. This basket now costs R4 688 and is a R560 increase from a year ago. […]
News in South Africa 23rd July: 1. Covid-19 Third wave peak passed: Acting health minister Mmamoloko Kubayi says that indications point to South Africa having passed the peak of a third Covid-19 wave. Kubayi said in a media briefing on Friday morning (23 July), that while this is welcome news, there are still concerns that the […]
News in South Africa 26th May: 1. Third wave in full force: Fears of stricter restrictions are growing as the Covid-19 positivity rate — the percentage of positive outcomes in the tests taken in a 24-hour period — climbed into double figures on Monday. It was the first time since mid-November that the positivity rate […]
News in South Africa 10th March: 1. Ratings agencies doubtful of budget targets: Ratings agencies doubt that finance minister Tito Mboweni will meet his 2021 budget targets, highlighting the various challenges faced by South Africa in trying to stabilise its debt. Mboweni said that South Africa’s debt-to-GDP ratio will peak at 88.9% in 2023, down […]
News in South Africa 8th March: 1. ETC corruption allegations: Police reports and documents provided to the National Prosecution Authority (NPA) have brought grave allegations against Electronic Toll Collection (ETC) and its parent company, Kapsch TrafficCom. Among the allegations are that ETC, with full knowledge of Kapsch, made payments totalling R10 million over three years […]
News in South Africa 26th February: 1. Experts say Covid is here to stay: Health experts warn that people need to face reality and start coming to terms with the fact that Covid-19 is not going to go away, and that vaccines will not be the silver bullet to eradicate the virus among the global […]
News in South Africa 9th December: 1. ANC affirms stand-aside rule: President Cyril Ramaphosa has won the latest battle in the fight to cleanse the party of corruption-accused leaders, with its top leadership reaffirming the decision to force them to step aside from their party and state posts. The party’s national executive committee (NEC), which wrapped up […]
