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 5th July: 1. Severe water shortage: Experts are warning of a looming water crisis on a scale worse than load-shedding in South Africa as criminal syndicates have begun targeting water infrastructure to score tenders. Professor Anthony Turton from the Centre for Environmental Management at the University of the Free State warned […]
News in South Africa 30th June: 1. SA – dangerous and violent: The Institute of Economics and Peace (IEP) published its Global Peace Index (GPI) for 2023, showing South Africa is less peaceful than a year ago – dropping eight places in the rankings. South Africa also now ranks as the 20th worst country in […]
News in South Africa 20th June: 1. Roads leading to food shortage: Farmers are being driven to desperation over the poor state of roads. Some are now maintaining roads themselves to get their produce to market. AgriSA says poorly maintained roads are just one of the many issues faced by local farmers. This results in […]
News in South Africa 13th June: 1. Rand on the rise: Sentiment towards South Africa is slowly shifting, with markets embracing talks between the government and business leaders to address the energy, logistics and crime crises – while the state puts some substance behind its claims of neutrality towards Russia. According to Investec chief economists […]
News in South Africa 12th June: 1. Food inflation easing: Food prices in South Africa continue to increase at a startling rate, although the pace of acceleration is easing and possibly faster than is reflected in the official data so far. The cost of a basket of goods in Bloomberg’s South African Shisa Nyama Index, designed […]
News in South Africa 8th June: 1. Deadline for new BEE rules approaches: Members of public in South Africa have just five days left to comment on the Draft Employment Equity (EE) Regulations 2023 on the proposed setting of sector EE targets. The public was given 30 days to comment on the Draft EE Regulations […]
News in South Africa 5th June: 1. Food security and riots warnings: The Consumer Goods Council of South Africa has warned of food shortages which can lead to a repeat of the July 2021 riots which ravaged parts of KwaZulu-Natal and Gauteng. Zinhle Tyikwe, CEO of the Consumer Goods Council, told Business Day TV that around 50% […]
News in South Africa 31st May: 1. Reserve Bank preps for grid collapse: South Africa’s central bank is working on a contingency plan to ensure the country’s payments system remains in operation in the event the nation’s electricity grid collapses. The South African Reserve Bank and other financial markets regulators including the operator of the […]
News in South Africa 30th May: 1. Sanction warning: The South African Reserve Bank (SARB) has warned of dire consequences should the country face censure due to its stance on Russia’s invasion of Ukraine. At worst, secondary or indirect sanctions could be imposed on the country and lead to a sudden halt to capital inflows […]
