News in South Africa 15th September: 1. New SOE plan proposal: A radical new model for SA’s troubled state-owned enterprises (SOEs) could be on the cards, with the approval this week of the draft National State Enterprises Bill, which would lay the basis for private equity investment in state companies and listings on the stock […]
News in South Africa 4th July: 1. Food supply under threat: PwC has warned that South Africa is at risk of heightened food insecurity with load-shedding, adverse weather, and deteriorating infrastructure disrupting the country’s food supply. This is from the financial advisory firm’s South Africa Economic Outlook, released in June, where it discussed how businesses […]
News in South Africa 17th October: 1. Transnet strike drags on: Workers from the SA Transport and Allied Workers Union (Satawu) have rejected the Commission of Conciliation Mediation and Arbitration (CCMA)’s recommendations to try and solve its wage dispute with Transnet. The CCMA Commissioner proposed a settlement between the two parties on Thursday. Estimates are […]
News in South Africa 10th March: 1. State of disaster continues: The South African government is considering extending the country-wide state of disaster, which was imposed in mid-March 2020 in response to the Covid-19 pandemic, regulating the movement of people, the size of social gatherings, curfews and introducing mandatory mask-wearing in public. Sources involved in […]
News in South Africa 12th October: 1. Country in the clear as infections drop: For the first time since the onset of the Covid-19 pandemic, all nine provinces are through the latest wave of infections and SA is in “a good place”. This is the view of Dr Ridhwaan Suliman, a senior researcher at the […]
News in South Africa 5th October: 1. Massive national strike today: Members of the National Union of Metalworkers of South Africa (Numsa) embarked on a national strike on Tuesday (5 October) following a deadlock in negotiations for a new wage deal. Union members didn’t report for duty in five of the country’s nine provinces and […]
News in South Africa 29th April: 1. Vaccination rollout started: South Africa’s Sisonke vaccination programme restarted without issues on Wednesday. 3 million Johnson & Johnson vaccines are expected to arrive in the country over the next two months, with phase 2 of the rollout starting around the middle of May. 95 vaccination sites are gearing […]
News in South Africa 18th November: 1. Courts rule against Santam: The Western Cape High Court has ruled in favour of Ma-Afrika Hotels and Stellenbosch Kitchen in the high-profile Covid-19 business interruption claims battle against JSE-listed insurance giant Santam. In a resounding judgment handed down on Tuesday afternoon, South Africa’s largest short-term insurer was ordered […]
News in South Africa 8th October: 1. Pick n Pay warns of profit fall: Pick n Pay warned that its headline profit will fall by between 50% and 60% in the six months to end-August. Core retail sales – including food, groceries and general merchandise, but excluding liquor, clothing and tobacco – grew 8.7% year-on-year […]
