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 18th October: 1. Load shedding back at stage 4: Power utility Eskom has pushed load shedding to stage 4 in the early hours of Tuesday morning (18 October) following more breakdowns at its power stations. Stage 4 will stay in place until further notice, it said. The move was necessary due […]
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 22nd September: 1. All talk no action for energy crisis: Hours after Cyril Ramaphosa held a Cabinet meeting to discuss the country’s energy crisis, the president and his ministers were still deliberating on reports presented by Public Enterprises Minister Pravin Gordhan. The president held a scheduled Cabinet meeting on Wednesday, which […]
News in South Africa 20th September: 1. Rand nears 2020 lows: The rand dipped early on Tuesday, trading near its weakest against the dollar since 2020, as financial markets braced for this week’s US Federal Reserve meeting where an aggressive interest rate hike is expected. At 0555 GMT, the rand traded at R17.69 against the […]
News in South Africa 19th September: 1. Eskom in dire straits: Following an urgent board meeting while Stage 5 load shedding was biting on Saturday 17 September, Eskom will on Monday start to urgently procure additional energy from existing independent power producers. This announcement was made during an emergency media briefing by Eskom group chief […]
News in South Africa 15th September: 1. 8.5mil vaccines to be destroyed: The government plans to destroy 8.5 million doses of the Covid-19 vaccine produced by pharmaceutical company Pfizer at the end of October. This, some experts said, casted a damning spotlight on how South Africa’s Covid-19 vaccination campaign had missed the mark. The situation […]
News in South Africa 18th August: 1. Latest debt index and stagnant incomes: Most South Africans have 34% less purchasing power in 2022 compared to 2016 because of stagnant incomes and cumulative inflation growth, according to the latest Debt Index. South Africans, especially the middle class, are suffering from stagnant incomes, which aren’t able to […]
