[Source: http://www.moneyweb.co.za/moneyweb-industrials/eskom-in-downward-spiral by Antoinette Slabbert.]
South African national energy supplier Eskom is in a downward spiral, with lower than expected sales volumes, escalating operating cost, failing plants and consumers who increasingly battle to pay the rising tariffs. Read more
[Source: http://allafrica.com/stories/201407142227.html by Mandy de Waal.]
Activist-cum-political contender Mametlwe Sebei says news editors are actively excluding socialist issues from the public discourse. Jane Duncan of Rhodes says editors squash or are threatened by socialist ideas. Mandy de Waal looked into their claims. Read more
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
58 780 000 (mid 2019 estimate)
4.0% y/y in December 2019 (CPI) & +3.4 y/y in December 2019 (PPI)
-0.6% q/q (3rd quarter of 2019)
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