News in South Africa 13th November: 1. SA’s ‘too white’ farms may lose export access: South African farms deemed “too white” will no longer be able to export their produce to the UK and the EU, according to postings in the Government Gazette, the Johannesburg-based City Press newspaper reported. Under the rules, farmers must meet […]
News in South Africa 12th October: 1. Foreigners flee SA stocks: Foreign investors have accelerated their (net) selling of equities on the JSE, with sales 40% greater thus far in 2023 than in the same period in 2022. To last Friday, non-SA investors sold a net R103 billion of equities, versus R73 billion in the […]
News in South Africa 4th September: 1. Social unrest warning: South Africa is at high risk of social unrest due to its high unemployment, rising inequality, and increased lawlessness. PwC senior economist Xhanti Payi told 702 that South African companies will face increased uncertainty and volatility until the country addresses its major social problems. “This is something […]
News in South Africa 8th June: 1. Deadline for new BEE rules approaches: Members of public in South Africa have just five days left to comment on the Draft Employment Equity (EE) Regulations 2023 on the proposed setting of sector EE targets. The public was given 30 days to comment on the Draft EE Regulations […]
News in South Africa 5th May: 1. Lights out for over a month: The latest National Blackout Statistics for South Africa report shows that the average resident has spent 31.6 days in total darkness. The statistics, compiled by independent energy analyst Pieter Jordaan, show that South Africans currently sit in full blackout for 6.33 hours […]
News in South Africa 23rd March: 1. Extreme concern among consumers: South African consumers are highly stressed and hold no high hopes for an easier time in 2023, the latest FNB/BER Consumer Confidence Index (CCI) shows – but wealthier consumers, with the greatest spending power, are the most down in the dumps. After showing some […]
News in South Africa 6th March: 1. Cabinet reshuffle: President Cyril Ramaphosa is set to announce changes to his executive on Monday evening. Presidency spokesperson Vincent Magwenya revealed this while giving an update on ”relevant topical issues of public and media interest” at the Union Buildings in Pretoria on Sunday. “The president will announce the […]
News in South Africa 13th December: 1. Flooding disaster: Disaster management teams in KwaZulu-Natal are on high alert as the province continues to experience heavy rains amid fears that the region could face another flood disaster. The province was hit by large floods in April and May with damage to infrastructure worth an estimated R25 billion. […]
News in South Africa 17th November: 1. Technical recession avoided: South Africa’s economy is likely to have averted a technical recession in the third quarter despite record power outages, key data indicates. Better-than-expected mining and manufacturing output are set to outweigh relatively soft retail sales data, suggesting Africa’s most industrialized economy returned to growth in […]
News in South Africa 8th September: 1. Global economy worsening: The global economic outlook is getting cloudier, not clearer. While market volatility is expected, investment strategies should ideally reflect one’s personal circumstances – not current market conditions. The last week or so saw a broad sell-off across global bonds, credit, equities, and property. Commodity prices […]
