News in South Africa 28th March: 1. Civil servants may accept pay hike: South African public servants are likely to accept the government’s latest wage offer, according an initial estimate of a ballot of labour-union members. Employee groups representing about 1.3 million government workers are currently seeking a mandate from their members to accept a […]
News in South Africa 13th March: 1. South Africa is in trouble: Whether South Africa is pushed into a full recession in 2023 or not, the country’s economy is in trouble, say economists at the Bureau for Economic Research (BER). The country was hit with a barrage of bad news last week – starting with […]
News in South Africa 28th February: 1. Plans for stage 16 load shedding: Last week, Eskom System Operator GM Isabel Fick admitted that it is working with the National Energy Regulator of South Africa (Nersa) on preparing schedules beyond Stage 8. This was confirmed later by acting head of generation Thomas Conradie on Saturday, who said guidelines […]
News in South Africa 28th November: 1. Organised crime threatens economy: Organised crime is fast emerging as the biggest threat to our economy. It is now more damaging than bad policy or service delivery failures. We are in the grip of an epidemic with large industries from mining to construction being targeted by extortion rackets. This […]
News in South Africa 21st November: 1. R200bn in infrastructure projects underway: SA’s infrastructure backlog appears to be getting some of the attention it needs. Some 48 strategic infrastructure projects worth R193.4 billion are currently under construction, and projects worth R87.4 billion in the procurement phase, according to Infrastructure SA (ISA), which was established by […]
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 18th October: 1. Load shedding back at stage 4: Power utility Eskom has pushed load shedding to stage 4 in the early hours of Tuesday morning (18 October) following more breakdowns at its power stations. Stage 4 will stay in place until further notice, it said. The move was necessary due […]
News in South Africa 12th October: 1. Warning over high meat prices: South Africa’s real gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022. The biggest contributors to this contraction were agriculture, forestry & fisheries, down 7.7%, and pulled lower by a decrease in the production of animal products. Compared to […]
News in South Africa 10th October: 1. SA on the brink of disaster: Former reconstruction and development minister Jay Naidoo says South Africa is in serious trouble and is showing signs of a failed state. Naidoo is a seasoned politician who was the founding general secretary of the Congress of South African Trade Unions (Cosatu). […]
News in South Africa 19th September: 1. Eskom in dire straits: Following an urgent board meeting while Stage 5 load shedding was biting on Saturday 17 September, Eskom will on Monday start to urgently procure additional energy from existing independent power producers. This announcement was made during an emergency media briefing by Eskom group chief […]
