Ramaphosa faces high expectations for this 2022 SONA; economists lay out a terrible decade for South Africa; warning over electricity hikes coming in 2022; report into 2021 July riots point to ANC factionalism putting South Africa at risk.
Harvard economists have outlined how South Africa’s economy has performed poorly relative to its peers over the last decade, failing to recover growth following the 2008 global financial crisis. While emerging markets saw growth decelerate by one percentage point per annum between 2010 and 2019, South Africa’s growth more than halved. The country also slowed more than other mineral exporters.
They warn that fiscal consolidation is the only path forward and that there is no more room for tax hikes. [If Eskom is permitted to hike its prices by 25% this year, it could increase municipal electricity bills by as much as 17.5%, Joburg’s City Power says. The group said it has strongly argued against Nersa granting Eskom this increase but has warned that the hikes may still be coming.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ramaphosa could restrict foreigners from some jobs in South Africa: reportSouth African President Cyril Ramaphosa may impose limits on the types of jobs that foreigners can apply for, Business Day reported, without saying where it got the information.
Read more »
Africa Cup Of Nations Final Report: Senegal v Egypt 06 February 2022Senegal go in search of their first Africa Cup of Nations title when they lock horns with seven-time winners Egypt in the final tonight - here's how they line up. SLInt MORE:
Read more »
Africa Cup Of Nations match report Senegal v Egypt 06 February 2022Two African titans will do battle at Olembe Stadium in Yaounde on Sunday night as Senegal lock horns with Egypt in what promises to be an enthralling Africa Cup of Nations final. Confirmed line-ups ➡️
Read more »
Ramaphosa: Africa experiencing the worst impacts of climate changeRamaphosa: Africa experiencing the worst impacts of climate change Uh oh... President Cyril Ramaphosa has just dropped a bombshell speech on all things climate change in Africa.
Read more »
Africa must stand together to fight global warming, Ramaphosa tells AU summitRamaphosa said despite not being responsible for causing climate change, Africa bore the brunt and cost of global warming.
Read more »
5 important things happening in South Africa todayHealth department says calls for the end to lockdown are premature; another messy year of audits for government departments and state companies; Mantashe wants more gas and faster nuclear in SA’s energy mix; and the JSC has recommended Judge Mandia Maya for the role of chief justice.
Read more »