News in South Africa 21st February: 1. R1.2b plan to stop load shedding: The provincial government of Gauteng has announced that it will release R1.2 billion towards the energy crisis alongside various other initiatives aimed at mitigating load shedding. Other considerations include the installation of smart meters for heavy electricity consumers, with the aim of […]
News in South Africa 14th February: 1. Rand crashes through R18/$: The rand is trading on the wrong side of R18/$ for the first time in more than three months, as expectations grow that US interest rates may still climb much higher. On Monday morning, the local currency declined to R18.06/$, after trading around R17.50 […]
News in South Africa 5th November: 1. ANC gets 46% in local elections: South Africa entered new political territory on Thursday as most voters turned against the ANC for the first time in the democratic era. The ANC suffered a historic loss, ending the elections with 46% of the vote, followed by the DA with […]
News in South Africa 12th April: 1. Sugar tax a success: Three years ago South Africa introduced Africa’s first major tax on sugar-sweetened beverages based on grams of sugar. The tax now stands at about 11% of the price per litre. The impact was assessed in recently published research. It was found that the health […]
