News in South Africa 19th December: 1. Severe water shortages: Minister of Water and Sanitation, Senzo Mchunu, has pleaded with residents of Gauteng to reduce their water consumption as the water supply remains vulnerable to disruptions and may not be able to meet demand, resulting in shortages. Johannesburg and its surrounds have been hit by […]
News in South Africa 4th October: 1. Eggs rationed: Woolworths and Pick n Pay are rationing eggs to customers in a bid to ensure regular supply as SA’s worst ever avian influenza outbreak continues to gather momentum. Woolworths said in response to questions on Tuesday that it had “implemented a limit on whole egg purchases […]
News in South Africa 26th September: 1. Storms flood Western Cape: Heavy rains and winds battered the Western Cape on Sunday and Monday, forcing hundreds of families to flee their flooded homes. In Covid Village in Mfuleni, a man died, apparently electrocuted by a live wire in the water. About 2 000 families fled their […]
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 24th July: 1. Good week tainted by 2 industries: South Africa had a great week on the economic front last week, with Stats SA reporting a significant drop in inflation, the Reserve Bank holding on interest rates and the rand ending stronger against the dollar. However, economists at the Bureau for […]
News in South Africa 12th June: 1. Food inflation easing: Food prices in South Africa continue to increase at a startling rate, although the pace of acceleration is easing and possibly faster than is reflected in the official data so far. The cost of a basket of goods in Bloomberg’s South African Shisa Nyama Index, designed […]
News in South Africa 30th May: 1. Sanction warning: The South African Reserve Bank (SARB) has warned of dire consequences should the country face censure due to its stance on Russia’s invasion of Ukraine. At worst, secondary or indirect sanctions could be imposed on the country and lead to a sudden halt to capital inflows […]
News in South Africa 3rd May: 1. South Africa closer to a failed state: South Africa is coming closer to being a failed state, with national and local governments unable to provide many basic services outlined in the Constitution. This is the view of Lumkile Mondi, a senior lecturer at the School of Economics and […]
News in South Africa 6th January: 1. Rand weakens over red flags: The South African rand has weakened alongside other emerging market currencies as the dollar rebounded this week. On Thursday (5 January), the rand weakened in early trade as investors awaited the monthly purchasing managers’ index (PMI) survey by S&P Global to find clues […]
News in South Africa 15th December: 1. Joburg gets a break from load shedding: Power utility Eskom says it will give the City of Johannesburg’s City Power a reprieve from load shedding. This follows requests from the city this week for a three-day break from rolling blackouts so it could attend to disaster-struck areas. “Eskom […]
