Big interest rate decision for South Africa – what to expect

The South African Reserve Bank(SARB) is expected to keep interest rates where they are, but there is still a risk that they could rise. Investec Chief Economist Annabel Bishop said that there is a risk that the SARB’s Monetary Policy Committee (MPC) hike rates by 25 basis points, especially after the US Fed raised its […]

Trump says he doesn’t worry about going to jail: ‘I don’t even think about it’

Former President Donald Trump isn’t losing sleep over the prospect that he could end up behind bars, he said in an exclusive interview with NBC’s “Meet the Press” moderator Kristen Welker. “I don’t even think about it,” Trump, who has been indicted four times this year, said when asked if he worries about prison at night. “I’m […]

Eskom warns of push beyond stage 6 load shedding as cold snap hits

Power utility Eskom has issued an alert urging South Africans to reduce electricity demand as it grapples with constrained electricity supply due to colder weather. The utility is already load shedding at all-day stage 6 until further notice – any further constraints or a spike in demand threaten to push outages even further. “Due to […]

Electricity minister warns of more load shedding pain – until Kusile is back up

Electricity minister Kgosientsho Ramokgopa says he is confident that South Africa’s electricity situation will improve heading into the last quarter of the year, as the Kusile Power Station will be adding much-needed capacity to the grid, providing a buffer for increased maintenance elsewhere. However, until that happens, the country will continue to dance on a […]

Big storm brewing over Treasury’s budget cuts

Some of South Africa’s biggest trade unions have called for strikes over the proposed budget cuts by the National Treasury to be announced in the Medium-Term Budget Policy Statement (MTBPS), which unions say would be detrimental to workers and the poor. The City Press reported that Saftu and Cosatu heads called on all unions, workers, and the […]

The worst areas for crime in South Africa

Although crime ticked downward in South Africa in the first quarter of 2023, the numbers still remain alarmingly high, with several neighbourhoods highlighted as being more dangerous than others. The latest South African Polic Service (SAPS) crime stats from April to June 2023 show a positive turn for many of South Africa’s more problematic crime categories. Violent […]

Failed state warning for South Africa

Business interest group Sakeliga says South Africa’s latest round of data shows that the country is in deep financial distress – a situation that is almost always followed by state failure. Government finances have deteriorated sharply in 2023 as tax receipts have fallen further behind the pace of spending. “Government borrowing has now swelled to […]

BRICS Unity in Progress: South Africa and China’s Collaborative Journey Toward Shared Prosperity

Next Steps in BRICS: Delving into Expansion Talks and Multilateral Diplomacy

Next Steps in BRICS: Delving into Expansion Talks and Multilateral Diplomacy   South Africa is seeking to elevate its energy partnership with China, with a strong focus on aligning the two nations’ shared commitment to environmentally conscious, low-carbon, and climate-resilient progress. In a significant event, President Cyril Ramaphosa recently welcomed his Chinese counterpart, President Xi […]

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