Strict new South African immigration laws have sparked confusion and panic among foreign residents in this “Gateway to Africa” and forced 250,000 Zimbabweans to decide whether to return home. Read more
[Source: https://www.rigzone.com/news/oil_gas/a/133928/South_Africa_Edges_Closer_to_ Karoo_Shale_Gas_Development by Jon Mainwaring.]
Rolling blackouts in South Africa in May of this year were a reminder, not just of the precarious nature of the country’s electricity-generating infrastructure but on how reliant it is on coal.
South Africa’s main power provider Eskom appeared to have been making some progress coping with the electricity demand in recent times, with May’s power cuts being the worst for six years. Read more
[Source: http://www.reuters.com/article/2014/07/08/safrica-strike-idUSL6N0PJ1GM20140708 by Tiisetso Motsoeneng & David Dolan.]
South Africa’s striking NUMSA union said on Tuesday it would take the latest offer from the main employers’ group to its members on Wednesday, possibly ending a week-old stoppage that has hit car manufacturers.
A spokesman for the engineering and metal workers’ union did not elaborate on the offer. The labour ministry said the two sides were “very close” to securing a deal. Read more
[Source: http://www.heraldlive.co.za/numsa-tells-motor-companies-go-ahead-and-leave/ by Allan Williams & Mkhululi Ndamase.]
FORD SA was yesterday revealed as the American motor industry giant which has threatened to close its operations due to the unstable labour environment in the country, according to an employers’ organisation. The source of the warning was revealed just hours after Numsa national treasurer Mphumzi Maqungo said at the Nangoza Jebe Hall in New Brighton, Port Elizabeth, that the union had told major German manufacturer BMW it could pull out of the country if it wanted to. Read more
[Source: http://today.moneyweb.co.za/article.php?id=759444&cid=2014-07-08#.U7uXIbmKDIU by Ryk van Niekerk.]
JOHANNESBURG – The views ANC Deputy Secretary General Jessie Duarte aired in a column published in City Press over the weekend really underline the fundamental ideological differences between the ANC and the mining industry, and per definition the whole private sector. Read more
57 700 000 (mid 2018 estimate)
5.2% y/y in November 2018 (CPI) & +6.8 y/y in November 2018 (PPI)
2.2% q/q (3rd quarter of 2018)
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