News in South Africa 15th January: 1. Massive electricity price hike: Despite having the worst year of load shedding in 2023, and many analysts noting it is firmly here to stay in 2024, South Africans must prepare for another double-digit Eskom tariff increase this year. In December 2023, the High Court of South Africa rejected […]
News in South Africa 29th August: 1. Over 900 businesses closed in 2023: Data from Stats SA shows that 140 businesses in South Africa were liquidated in July. According to Stats SA, the 127 businesses closed down voluntarily, while 13 did so on a compulsory basis. This takes the total number of liquidations in South […]
News in South Africa 8th February: 1. Investors abandon SA: Investors have lost faith in South Africa’s government and have halted investment despite a wealth of opportunities, the head of the country’s biggest employer in the crucial mining industry said. More than 200 days of power cuts last year and blackouts every day so far […]
News in South Africa 24th January: 1. Over 1 900 business shut down in 2022: Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. […]
News in South Africa 11th April: 1. Global recession on the cards?: Could the world be headed for another recession? Just as the global economy is bouncing back from the Covid-19 pandemic, a growing list of risks is clouding the economic outlook – although most economists still believe a recession this year is relatively unlikely. […]
News in South Africa 18th January: 1. Eskom pushing for 20.5% increase: Eskom has reiterated its calls for a 20.5% tariff increase for the 2023 financial year, warning that the hike is necessary for the continuation of its operations. In a presentation to the National Energy Regulator of South Africa (Nersa) on Monday (17 January), […]
