Eskom CEO Andre de Ruyter has warned that the country might experience Stage 6 power cuts from 5pm on Tuesday. The country is currently on Stage 4. He says the current strike by employees is a serious challenge. De Ruyter was giving an update on the power grid. Source: eNCA
The consumer price inflation increased to 6.5% in May 2022, from 5.9% in April 2022, according to data released by Statistics South Africa on Wednesday. This means that inflation has risen to its highest level in five years. The main contributors to the 6.5% annual inflation rate were food and non-alcoholic beverages, housing and utilities, […]
Eskom has warned that rolling blackouts may be escalated further due to a shortage in generation capacity. Stage Two has been implemented from 10am on Wednesday morning until midnight. The power utility says Stage Two will thereafter resume at 5am on Thursday morning until midnight on Sunday. Eskom’s spokesperson Sikonathi Mantshantsha says, “Due to the breakdown of […]
Prepare for rolling blackouts at short notice. Eskom says the power system is severely constrained. The utility says the system will be constrained for the next few weeks. A number of generating units are offline and are expected to return to service on Monday but, the likelihood of power cuts is high during evening peaks. […]
The price of cooking oil in South Africa has risen over 50% in the past year. This is according to a report by the Pietermaritzburg Economic Justice and Dignity Group’s May 2022 household affordability index. The index showed that food prices across the country continued to rise. The new food basket which the organisation uses […]
Five countries: Rwanda, Ghana, Malawi, Senegal and Uganda have committed to joining, with a further 40 countries – 27 low-income and 18 lower-middle-income – eligible to sign bilateral agreements to participate. US pharmaceutical giant Pfizer on Wednesday said it would sell its patented drugs on a not-for-profit basis to the world’s poorest countries, as part […]
Several business owners have expressed concern over the predicted fuel price hikes for June 2022, with petrol likely to increase by up to R1.97 a litre and diesel by R1.62. Experts say the return of the general fuel levy at the end of May could result in an even further increase in fuel prices to […]
The application by the Guptas to halt the freezing of their assets has been dismissed. They wanted time to determine a representative for their legal battles. Islandsite Investment was added as an accused in a case where Gupta associate Iqbal Sharma and others were accused of procurement fraud in the Free State. Source eNCA
The mining union is demanding a 10% increase across the board, housing allowance, an 80% medical aid contribution, the scrapping of labour brokers, and the insourcing of temporary workers. National Union of Metalworkers of South Africa (Numsa) members are gearing up to take to the streets on Tuesday morning – to protest – following a […]
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