News in South Africa 13th February: 1. SA’s biggest risks: The biggest risks to South Africa’s 2024 economic outlook may come from insufficient power supply, strains on debt sustainability and the erosion of state legitimacy ahead of elections, according to Allianz. The global financial services giant estimates that South Africa’s economy will expand by 1.4% […]
News in South Africa 6th February: 1. Consumer relief on the horizon: Battered by low wage growth, high interest rates, and increasing debt levels, many South African consumers are in the worst financial shape they’ve been in for years, maybe even decades. The result is a persistently weak economy. This faltering economy, driven mostly by […]
News in South Africa 29th January: 1. SA risks losing out on new ‘gold rush’: The world’s need to decarbonise should benefit South Africa’s mining sector – but government inefficiencies are pushing the industry off the rails. Business Leadership South Africa CEO Busiswe Mavuso said the rapid deterioration of Transnet’s ability to move resources across […]
News in South Africa 15th March: 1. Big risks ahead for businesses: Risks to business in South Africa are changing rapidly, and it’s keeping insurers awake at night, says Lizo Mnguni, spokesperson for Old Mutual Insure. Such risks are likely to impact the insured during 2023 and significantly affect those that do not have any […]
News in South Africa 27th February: 1. Greylisting aftermath: The Financial Action Task Force (FATF) placed South Africa on its grey list on Friday. It was almost inevitable. The global anti-money laundering watchdog first warned the country of this possibility four years ago, in 2019, saying that there were severe deficiencies in our standards to fight […]
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 […]
News in South Africa 4th May: 1. Economic risks of Covid resurgence: While the Covid-19 risk has diminished in South Africa, it has not disappeared, and a resurgence of cases in recent weeks could weigh on the economy this year, say economists at Absa bank. “New Covid-19 cases are again on the rise, with the […]
News in South Africa 12th January: 1. Upcoming risks for South Africa: The World Economic Forum (WEF) has published its global risks report, detailing some of the key risks facing South Africa over the coming years. The forum said that Covid-19 and its economic and societal consequences continue to pose a critical threat to the […]
