News In South Africa 8th January: 1. Elections pose major risk to economy: South Africa’s upcoming national elections pose a major risk to the local economy, with policy uncertainty remaining elevated and investors wary of investing in the country entering uncharted political waters. This risk was highlighted by the North-West University (NWU) Business School in […]
News in South Africa 15th August: 1. SA likely to keep AGOA status: South Africa will likely keep its preferential access to US markets because hundreds of American firms are also benefitting, according to the nation’s ambassador to BRICS. “I don’t think there is any serious threat of us losing preferential access to AGOA. AGOA […]
News in South Africa 14th July: 1. Rand breaks through R18/$: The rand broke through the psychologically important R18/$ level for the first time in just over three months on Thursday, boosted by positive US data, along with hopes that Chinese stimulus will offer support to commodity prices. The local currency reached R17.99/$ in mid-morning […]
News in South Africa 10th January: 1. Eskom questioned for solutions: With chronic power cuts continuing to bedevil South Africans, Parliament wants answers from Eskom. Public Enterprises committee chairperson Khaya Magaxa said Eskom management will be called to Parliament even before it officially opens next month. The country experienced unprecedented load shedding last year, including […]
News in South Africa 20th December: 1. Reserve Bank was hacked: Finance minister Enoch Godongwana recently revealed that the South African Reserve Bank suffered an attempted hack. The revelation was very late, with the attempt taking place in August (four months ago), but the media and South Africans only found out in the past week. […]
News in South Africa 31st May: 1. Fuel price crisis: Government is still looking at its options as the country faces a petrol price crisis with an increase of around R3.80 a litre taking the price to about R25 a litre. The fuel levy was decreased by R1.50 two months ago, but this was only […]
News in South Africa 26th April: 1. Covid infections spiking again: South Africa appears to be heading for a fresh wave of coronavirus infections, though this one is predicted to be less deadly than previous waves. The latest Covid-19 figures report 30,086 active cases, 30 daily deaths and 1,954 new cases. But South Africans can […]
News in South Africa 8th November: 1. Load shedding crisis: South Africa’s load shedding crisis could escalate as Eskom’s relationship with service providers, Tenova Mining and Minerals SA, has reportedly soured to the point that critical work at the Kusile power stations has stopped. A contractual dispute with Eskom has reportedly led to work on […]
News in South Africa 22nd October: 1. No target set for child vaccinations: Health Minister Joe Phaahla said they had not set a target for teenagers they would like to see vaccinated against COVID-19 because adults still remained the priority. Phaahla made the comments at the OR Tambo Health Centre in Diepsloot on Thursday where […]
