Five Newsworthy Things in SA 22nd February 2024:

News in South Africa 22nd February: 1. 2024 Budget speech in a nutshell: Finance Minister Enoch Godongwana delivered the 2024 National Budget Speech on Wednesday, 21 February. The budget touched on many points and topics, including the country’s current economic standing, growth estimates, the massive debt servicing costs, heightened sin tax proposals and the extension […]

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Five Newsworthy Things in SA 12th February 2024:

News in South Africa 12th February: 1. Budget Speech incoming: Budget Speech season is here and based on Finance Minister Enoch Godongwana’s mid-term presentation, we can expect many complex challenges to be unpacked. Godongwana has projected that the government will miss its revenue targets by nearly R57 billion for the 2023/24 tax year, and then […]

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Five Newsworthy Things in SA 12th January 2024:

News in South Africa 12th January: 1. SA to pay back R28 billion: Nations in Sub-Saharan Africa have been locked out of international debt markets for 22 months now, and investors are increasingly betting the drought will soon end as countries seek funding for a slew of principal payments coming due this year and next. […]

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Five Newsworthy Things in SA 12th December 2023:

News in South Africa 12th December: 1. NHI means more tax and less benefits: The National Health Insurance (NHI) Bill last week got the nod from the National Council of Provinces and has now been plonked in the lap of President Cyril Ramaphosa. Other than expropriation without compensation, few statutory artefacts have elicited such exasperation from those […]

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Five Newsworthy Things in SA 25th October 2023:

News in South Africa 25th October: 1. Tax breaks for inverters and batteries: Electricity Minister Kgosientsho Ramokgopa said the government wants more businesses and households to opt for rooftop solar, and efforts are under way to push for a tax incentive to be extended to inverters and batteries part of solar PV systems. The minister […]

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Five Newsworthy Things in SA 7th September 2023:

News in South Africa 7th September: 1. Worst areas for crime in SA: Although crime ticked downward in South Africa in the first quarter of 2023, the numbers still remain alarmingly high, with several neighbourhoods highlighted as being more dangerous than others. The latest South African Polic Service (SAPS) crime stats from April to June […]

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Five Newsworthy Things in SA 21st August 2023:

News in South Africa 21st August: 1. SA remains neutral: Ahead of the 15th Brics Summit in South Africa, President Cyril Ramaphosa told the nation SA would not be drawn into a contest between global powers. In an address to the nation on Sunday evening, Ramaphosa said the country was committed to a policy of non-alignment.  […]

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Five Newsworthy Things in SA 24th April 2023:

News in South Africa 24th April: 1. Eskom warning from IMF: The International Monetary Fund (IMF) has warned that South Africa’s electricity crisis poses a significant threat to the country’s fiscal health. It also said Eskom must reduce its reliance on government funding. This was said at the IMF’s Spring Meetings with the World Bank […]

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Five Newsworthy Things in SA 15th March 2023:

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 […]

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Five Newsworthy Things in SA 10th March 2023:

News in South Africa 10th March: 1. Infrastructure collapsing under R79bn debt: By the end of December 2022, the total debt owed by around 100 municipalities to Eskom totalled R56.3 billion. Just 15 months prior, at the end of September 2021, total municipal debt to Eskom was R40.9 billion. That’s an increase of nearly 40% […]

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