News in South Africa 27th February: 1. Major new financial laws: The highly anticipated Conduct of Financial Institutions (COFI) Bill is set to have major ramifications across several industries. Although the Bill is unlikely to be tabled before Parliament rises ahead of the elections on May 29 2024, marketplaces are both excited and cautious. The Bill […]
News in South Africa 23rd November: 1. Eskom in dire need of funds: Eskom has approached National Treasury asking for another R15 billion for diesel and other fuel so that it can keep the lights on in the country. The power utility has run out of fuel to power its open-cycle gas turbines, which are […]
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 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 18th May: 1. Sanral cancels R17.47bil in tenders: The South African National Roads Agency (Sanral) has cancelled adjudicated tenders to the value of R17.47 billion in the past week, throwing the sustainability and viability of South Africa’s civil engineering industry into doubt. The tender for the Eastern Cape’s new Mtentu River […]
News in South Africa 9th May: 1. Unemployment numbers wrong: The head of the Statistics Council, the advisory board to Statistics SA, has raised the alarm on the quality of SA’s employment statistics, saying the poor response rate must be reversed if the numbers are to be worth anything. The last Quarterly Labour Force Survey […]
News in South Africa 5th May: 1. New Covid rules for travel: South Africa has a new set of coronavirus entry rules for travellers from 5 May, after a late-night update to regulations, just hours before interim measures were due to lapse. Health minister Joe Phaahla established the new Covid-19 rules under his power to deal […]
1. PCR tests and travel issues: South Africa’s coronavirus-induced state of disaster has ended, but some transitional regulations remain, including rules on entering the country, which could complicate family holidays. This new phase sees an end to the state of disaster, announced on Monday night, and a transition to legislation within the National Health Act that deals […]
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 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 […]
