News in South Africa 29th January: 1. SA risks losing out on new ‘gold rush’: The world’s need to decarbonise should benefit South Africa’s mining sector – but government inefficiencies are pushing the industry off the rails. Business Leadership South Africa CEO Busiswe Mavuso said the rapid deterioration of Transnet’s ability to move resources across […]
News in South Africa 21st December: 1. Festive road fiasco: South Africa’s roads are hazardous, more so over the festive season when dangers multiply with more motorists reported to be driving under the influence. In one week alone, the Western Cape recorded a more than 300% increase in drunken driving arrests, with other provinces echoing […]
News in South Africa 7th August: 1. Government credibility scares off investors: The government’s lack of credibility due to its poor economic policy, unsustainable debt burden, and policy uncertainty adds to the risk premium on South African assets, making investors fearful of investing in the country. Following the South African Reserve Bank’s (SARB) Annual General […]
News in South Africa 8th November: 1. Joburg R2.2bn in debt: Gauteng told a SA Local Government Association (Salga) that the Johannesburg metro alone had eroded an opening balance of R409.4 million at the beginning of September to a negative balance of R835.5 million. The Ekurhuleni metro, which opened with R1.8 billion in its coffers, […]
News in South Africa 14th October: 1. R17.4bn Sanral tender deadline moved: The end-of-September target for awarding five tenders worth R17.4 billion cancelled by the South African National Roads Agency (Sanral) in May has been shifted to this month. Sanral GM for marketing and communications Vusi Mona confirmed to reporters on Thursday that the tenders are currently […]
News in South Africa 18th May: 1. Sanral cancels R17.47bil in tenders: The South African National Roads Agency (Sanral) has cancelled adjudicated tenders to the value of R17.47 billion in the past week, throwing the sustainability and viability of South Africa’s civil engineering industry into doubt. The tender for the Eastern Cape’s new Mtentu River […]
News in South Africa 13th April: 1. Floods ravage KZN: On Monday, 11 April, more than a fifth of a metre of rain fell at Mbazwana, in north KwaZulu-Natal just about 100km south of the Mozambique border, according to preliminary data from the SA Weather Service’s observation station there. The 206.4mm of rain measured at […]
News in South Africa 8th December: 1. Mandatory vaccines debated: The debate around mandatory vaccinations is polarising citizens and businesses alike, with a growing number of people, groups and organisations voicing their support or opposition to the policies. The National Economic Development and Labour Council has come out in support of the mandates, joining business […]
News in South Africa 16th November: 1. Growing debt problems: The latest debt index from DebtBusters shows that South African consumers are falling further into financial trouble as people turn to unsecured credit to supplement their paycheques. The group’s third-quarter enquiries show that debt counselling increased by 17% compared to a year ago. Many consumers […]
News in South Africa 27th May: 1. Salaries have recovered: The South African workforce and pensioners are taking home almost as much income as they used to before the Covid-19 pandemic. According to BankervAfrica data, the average take-home pay for workers and pensioners whose monthly income is paid through banks increased to R15 083 in […]
