Economy

  • Stage two load shedding kicks off as Eskom continues its struggle
  • For the sixth day in a row, South Africa will endure yet more load shedding. This morning, Eskom announced that it would be resorting to stage two load shedding as power supplies continue to be under severe pressure. Let's take a closer look at what's going on… After four hours of stage one load shedding, Eskom moves to stage two After kicking off the day at stage one load sheddin... ››› more
  • [17 April 2015]
  • Eskom cranks up load shedding again and it is set to continue into the winter months
  • For the second time this week, yesterday Eskom resorted to stage three load shedding. It did the same on Tuesday. This follows load shedding on Sunday and Monday. South Africans will have to endure at least another two years of power issues. And with winter around the corner, the situation could get worse. Let's take a closer look at what's going on… Eskom implements stage one loa... ››› more
  • [16 April 2015]
  • A spate of xenophobic attacks in SA could turn foreign investors away
  • Yesterday, police in Durban locked down the city centre as a barrage of xenophobic attacks took place on foreign-owned businesses. The city has been dealing with the attacks since last week. The rise of xenophobic incidences is not good news for South Africa. It could have a big impact on foreign investment in the country. Let's take a closer look… Yesterday saw xenophobic violence e... ››› more
  • [15 April 2015]
  • Eskom struggles to keep the lights on and resorts to stage three load shedding
  • After South Africa endured stage two load shedding on Monday, it got worse. By yesterday evening, Eskom has upgraded load shedding to stage three. The power utility is struggling with power supplies as a spate of unplanned maintenance hits its generators. So what's going on? Read on to find out more… More unplanned maintenance puts electricity supplies under strain Last night, ... ››› more
  • [15 April 2015]
  • Could Medupi face further delays as workers strike?
  • The Medupi power plant has made the headlines over the past few years as delays and rising costs continue to plague its opening. And now work at Eskom's power plant is under further strain as interruptions hit the plant's construction for a second day. Let's take a closer look at what's going on… Eskom claims workers are blocking other workers from entering Medupi Earlier today, E... ››› more
  • [10 April 2015]
  • The PMI shows an improvement in SA business conditions for the first time this year
  • Earlier today saw the release of the HSBC purchasing managers' index covering March. It showed that for the first time since late last year, there was a rise in output. The economic indicator suggests conditions are improving in the private sector. Let's take a closer look at what the data revealed… PMI grew at its fastest pace in five months HSBC’s purchasing managers’ index ... ››› more
  • [07 April 2015]
  • Consumers beware: As April kicks off, so do a number of price hikes
  • From tomorrow, the cost of living is going to start to climb. At midnight tonight, the price at the pumps is rising sharply. Some electricity customers will also be coughing up significantly more for power. And more price hikes are due to filter through over the next few months. Let's take a closer look at what's going on and what impact it could have on South Africa's ailing economy… ... ››› more
  • [31 March 2015]
  • The trade deficit narrows, but was wider than expected
  • Earlier today, the South African Revenue Service (SARS) released its trade account data for February. The data showed that the deficit narrowed significantly from January. This was thanks to a strong rise in exports. But the trade deficit was higher than economists predicted. Let's take a closer look at what the data showed… The trade deficit for February was R8.48 billion SARS... ››› more
  • [31 March 2015]
  • More turmoil at Eskom as its chairman resigns following suspension of four board members
  • Last night, the chairman of Eskom, Zola Tsotsi, handed in his resignation. The news comes nearly three-weeks after the suspension of four members of the board, including the CEO. Eskom has appointed an acting chairman. The ongoing issues with Eskom's board come as the power utility continues to battle to keep the lights on in South Africa. Let's take a closer look at what's going on…... ››› more
  • [31 March 2015]
  • Eskom sacks 1,000 workers following a strike at Medupi
  • This morning, Eskom announced that it sacked around 1,000 workers who embarked on a one-day strike at its Medupi power plant. The workers are not employees of Eskom, they're employed through contractors. Let's take a closer look at what happened… The dismissals follow a one-day strike at Medupi A spokesman for Eskom says that around 1,000 workers at the “Medupi power plant have ... ››› more
  • [27 March 2015]
  • Banks keep interest rates on hold following the Reserve Bank's decision
  • Yesterday, the South African Reserve Bank announced the outcome of its monetary policy committee (MPC) meeting. The central bank opted to leave its repo rate unchanged. This led major banks to leave their interest rates unchanged too. Let's take a look at the reasons behind the Reserve Bank's decision… The repo rate remains at 5.75% The Reserve Bank announced that it was keeping t... ››› more
  • [27 March 2015]
  • Eskom kicks off stage two load shedding as a strike at Medupi gets underway
  • South Africans should brace themselves for another night of disrupted power supplies. Eskom says it's resorting to stage two load shedding until later this evening. This comes as the power utility is contending with strike action at its Medupi power plant. Let's take a closer look at what's going on with Eskom… Stage two load shedding likely until 10pm tonight As of 4pm this a... ››› more
  • [25 March 2015]
  • What is the economic cost of Eskom's power crisis?
  • This year so far, South Africans have had to put up with a barrage of load shedding. With the situation unlikely to change for some time to come, the economic impact could be great. And there could be long lasting effects. Let's take a closer look… The real cost of load shedding The Department of Public Enterprises estimates that load shedding costs the South African economy anywh... ››› more
  • [25 March 2015]
  • Brace yourself: Fuel and electricity are going to cost you more from 1 April
  • After motorists endured the first petrol hike in several months on 4 March, paying more at the pumps looks inevitable come next Wednesday. And to make matters worse, some customers will see a significant rise in their electricity bills. So what sort of price hikes lie ahead? Read on to find out… How much more is fuel going to cost? At the beginning of this month, motorists saw ... ››› more
  • [23 March 2015]
  • Eskom requests a whopping tariff hike amounting to more than 25%
  • So far this year, the country has dealt with multiple bouts of load shedding as Eskom struggles to keep South Africa powered with enough electricity. Now it has emerged that in addition to an already generous hike approved last year, the power utility is requesting another tariff hike. Let's take a closer look at the new tariff hike request… Eskom cite the cost of diesel as one of it... ››› more
  • [20 March 2015]


Page: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 »



Watch And Learn




Trending Topics