News in South Africa 18th December: 1. Meat is back on the menu: Despite food price inflation remaining well outside the Reserve Bank’s headline inflation target range of 3%-6%, meat prices in South Africa are continuing their downward trend. This is according to the latest food inflation brief from the Bureau for Food and Agricultural […]
News in South Africa 20th July: 1. Division over interest rate hikes: Economists are divided over whether South Africa’s central bank will pause interest-rate increases on Thursday, or extend its longest phase of monetary tightening since 2006. Deteriorating inflation expectations, currency risks and enhancements to the South African Reserve Bank’s quarterly projection model, used to […]
News in South Africa 19th June: 1. Western Cape floods: Western Cape authorities are bracing for another cold front on Monday as the province has been hard hit by widespread flooding and damage to infrastructure. Humanitarian relief is still being provided to many areas. The floods have made many roads and bridges inaccessible. Western Cape Minister of Local […]
News in South Africa 8th May: 1. Close call for recession in SA: Economists say South Africa may have escaped a technical recession in the first quarter of the year, but the extreme volatility in the economic data being put out makes it difficult to call. Economists from the Bureau for Economic Research (BER) and […]
News in South Africa 30th November: 1. Eskom’s power station shut down plan: Eskom plans to decommission and repurpose coal-fired power plants at Camden, Hendrina, and Grootvlei at an estimated $2.6 billion (R44 billion) for the three. This follows the government decommissioning and repurposing of its oldest power station Komati in Mpumalanga, with the help […]
News in South Africa 19th October: 1. Gauteng – water shortage: South Africa’s major cities in the Gauteng Province – the country’s economic heartland – are experiencing major water shortages. In Johannesburg and Tshwane taps have run dry, with numerous areas experiencing intermittent supply while some areas have no water at all. The province has […]
News in South Africa 17th October: 1. Transnet strike drags on: Workers from the SA Transport and Allied Workers Union (Satawu) have rejected the Commission of Conciliation Mediation and Arbitration (CCMA)’s recommendations to try and solve its wage dispute with Transnet. The CCMA Commissioner proposed a settlement between the two parties on Thursday. Estimates are […]
News in South Africa 4th October: 1. Water levels critical: Johannesburg Water has again shut down the supply to the northern suburbs of Johannesburg. This is the fourth time in less than three weeks. The emergency shutdown of the Bryanston reservoir and tower is to attend to another burst. There is no estimated time for […]
News in South Africa 16th September: 1. Eskom wants 32% hike: Eskom plans to apply for a 32% tariff increase from 1 April 2023/24, it announced on Thursday. The large increase is another attempt by Eskom to persuade the National Energy Regulator of SA (Nersa) to grant it tariffs that are reflective of its costs. […]
News in South Africa 13th September: 1. Tough future for Rand: The rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements. The European Central Bank (ECB) hiked interest […]
