News in South Africa 17th November: 1. Egg supply is steadily increasing: The supply of egg and poultry meat is steadily increasing following shortages triggered by a bird flu outbreak that began in April, the department of agriculture, land reform and rural development said. “We are happy that the highly pathogenic avian influenza outbreak is under control […]
News in South Africa 22nd September: 1. Global central banks high inflation credo: Central banks for the world’s biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reaches a peak. The so-called “higher for longer” mantra is […]
News in South Africa 21st July: 1. Financial stress climbing: A survey of more than 35 000 people has revealed that 55% spend more than 40% of their take-home pay on debt repayments, while 37% say more than half their available income goes straight to servicing debt. Nearly 80% of respondents say that they “experience […]
News in South Africa 13th July: 1. Stage 8 load shedding warning: South Africa’s sudden return to stage 6 load shedding after about a month of day-time suspensions of the rolling blackouts is not really a surprise, say energy experts – and the risk of things escalating remains a possibility. Eskom was forced to return […]
News in South Africa 28th November: 1. Organised crime threatens economy: Organised crime is fast emerging as the biggest threat to our economy. It is now more damaging than bad policy or service delivery failures. We are in the grip of an epidemic with large industries from mining to construction being targeted by extortion rackets. This […]
News in South Africa 24th November: 1. SARB rate hike today: The rand firmed overnight to trade below R17 to the US dollar on Thursday morning – its strongest level since late August. The local currency was trading at R16.93 at around 06:00, buoyed by news out of the US that the Federal Reserve may […]
News in South Africa 19th October: 1. Gauteng – water shortage: South Africa’s major cities in the Gauteng Province – the country’s economic heartland – are experiencing major water shortages. In Johannesburg and Tshwane taps have run dry, with numerous areas experiencing intermittent supply while some areas have no water at all. The province has […]
News in South Africa 23rd September: 1. Load shedding threatens food supply: Agri SA says it has requested an urgent meeting with Eskom CEO Andre de Ruyter to discuss the outlook for load shedding in the country, ahead of the summer crop planting season. The federation of agricultural organisations says it fears the current state […]
News in South Africa 21st July: 1. Inflation at 13 year high: The average rate of consumer price inflation (CPI) for South Africans hit 7.4%, StatsSA said on Wednesday, the highest seen in 13 years. But that was nothing compared to the increases in some prices, making for a much harder hit depending on your fondness […]
News in South Africa 31st March: 1. Motion of no confidence fails: The Democratic Alliance (DA)’s motion of no confidence in President Cyril Ramaphosa’s Cabinet has failed in the National Assembly. After a lengthy roll-call voting process, members of Parliament completed voting with more than half of those present voting against the motion. Deputy Speaker […]
