News in South Africa 31st August: 1. Rand falls after record budget deficit: The rand dropped, underperforming most emerging-market peers, and yields on South African local-currency bonds rose after data showed the government ran a record budget deficit in July. The rand weakened as much as 0.8% against the dollar after National Treasury figures showed […]
News in South Africa 23rd August: 1. Eskom gears up for renewables: Eskom is working with the South African Renewable Technology Centre (SARETEC) to upskill its workers and adapt to the shift to renewable energy, moving away from coal power stations. On Monday (22 August), the national power utility signed a memorandum of agreement with […]
News in South Africa 15th August: 1. JHB School fees could soar: The City of Johannesburg’s sudden decision to reclassify school properties, thereby raising payable rates eight-fold, will have a devastating impact on pupils in the metro, according to organisations challenging the change. Every year, the Gauteng Department of Education is faced with a scramble […]
News in South Africa 10th February: 1. Ratepayers have had enough: Rates and tax revolts are either underway or being contemplated by ratepayer associations fed up at being forced to pay rates and taxes to dysfunctional municipalities. They are called ‘tax diversions’ rather than revolts, and they’re of questionable legality, but several ratepayer associations are […]
