News in South Africa 14th February: 1. Rand crashes through R18/$: The rand is trading on the wrong side of R18/$ for the first time in more than three months, as expectations grow that US interest rates may still climb much higher. On Monday morning, the local currency declined to R18.06/$, after trading around R17.50 […]
News in South Africa 19th January: 1. Eskom diesel nightmare: Eskom is living hand-to-mouth in its efforts to obtain the diesel needed to continue running its open-cycle gas turbines (OCGTs), which, in the face of prolonged power generation outages, is the only way the utility can stave off severe and ongoing curtailment of South Africa’s […]
News in South Africa 20th December: 1. Reserve Bank was hacked: Finance minister Enoch Godongwana recently revealed that the South African Reserve Bank suffered an attempted hack. The revelation was very late, with the attempt taking place in August (four months ago), but the media and South Africans only found out in the past week. […]
News in South Africa 14th November: 1. Infrastructure collapsing: Around half of South Africa’s public infrastructure has collapsed or is close to collapsing, and needs to be addressed as soon as possible. This is the warning from the South African Institution of Civil Engineering (Saice). Something has to be done or South Africa may become […]
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 6th October: 1. Water restrictions kicking in: Rand Water has urged residents in Gauteng to implement water-saving strategies to avoid necessitating the move to higher stages of restrictions in the province. Large parts of Gauteng, including the major metropolitan municipalities of the City of Joburg, City of Tshwane and the City […]
News in South Africa 9th September: 1. Queen Elizabeth II passes away: Queen Elizabeth II has passed away at 96 years old. In a statement sent to reporters, Buckingham Palace said the Queen “died peacefully at Balmoral” on Thursday afternoon. “The King and The Queen Consort will remain at Balmoral this evening and will return […]
News in South Africa 3rd August: 1. Tough economic times: The South African economy, like many others around the world, has had a ‘bumpy’ start to 2022. The Russian invasion of Ukraine, volatility in international financial markets, inflationary pressures and so on have caused an economic environment that threatens to spill over into a global […]
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 17th May: 1. Retrenchment and vaccination: Long-standing precedents mean someone who refused a Covid-19 vaccine can be fairly retrenched without being paid any severance, the Commission for Conciliation, Mediation and Arbitration (CCMA) has ruled. In fact, it would not be fair to expect retrenchment pay, the CCMA said. The recent ruling came […]
