News in South Africa 11th August: 1. Worries over SA being ‘greylisted’: The possibility of South Africa being greylisted by the Financial Action Task Force (FATF) could make doing business with the country even tougher. Rebecca Thomson, a senior associate at Allen & Overy, told CapeTalk that if the country is deemed a high-risk jurisdiction to transact, […]
News in South Africa 10th August: 1. Inflation worsens gender pay gap: Women across the world are feeling the pinch as inflation rockets while the gender pay gap persists. South Africa is ranked at number 123 out of 146 countries in the Global Gender Gap Report for 2022. In South Africa, the issue was pushed firmly back […]
News in South Africa 5th August: 1. Stage 2 loadshedding continues: A major delay in restarting Eskom’s Koeberg unit 2 is largely to blame for load shedding rearing its ugly head again, just 11 days after it was suspended. Energy expert Chris Yelland notes that the failure to synchronise the unit to the grid is […]
News in South Africa 4th August: 1. Loadshedding at Stage 4: Power utility Eskom says that load shedding will increase to stage 4 on Thursday (4 August) between 16:00-24:00, due to the continued shortage of generation capacity. “Due to a shortage of generation capacity, coupled with the higher demand due to the colder weather, stage […]
News in South Africa 3rd August: 1. Tough economic times: The South African economy, like many others around the world, has had a ‘bumpy’ start to 2022. The Russian invasion of Ukraine, volatility in international financial markets, inflationary pressures and so on have caused an economic environment that threatens to spill over into a global […]
News in South Africa 2nd August: 1. Visa processing delayed: Visa processing delays are frustrating South Africans who are looking to travel abroad, with appointments for interviews with the United States (US) consulate only available from February 2023. “Visa availability continues to be a struggle for travellers,” warned corporate and online travel management company Rennies […]
