Germany will give €700 million (R12.5 billion) towards helping South Africa phase out the use of coal, the German delegation at the COP26 climate talks in Glasgow, Reuters reported. Source: BusinessTech
South Africa’s ruling party may be heading for its worst electoral showing since the end of apartheid. Source: BusinessTech
Business group Sakeliga has opposed the proposed Companies Amendment Bill which it warns will harm the business landscape and ultimately push more skilled people to leave South Africa. Source: BusinessTech
Power utility Eskom has warned that loadshedding could be implemented at short notice should any further breakdowns occur. Source: BusinessTech
Renewable energy company Renergen has reported promising results after drilling at the Virginia Gas Project, with the group reportedly discovering a significant deposit of natural gases. Source: BusinessTech
President Cyril Ramaphosa says that South Africa is committed to a move to green energy, but will be heavily dependent on funding from other countries to achieve its goals. Source: BusinessTech
Momentum Investments has identified three scenarios that it believes will determine South Africa’s future growth prospects. Source: BusinessTech
South Africa’s beleaguered motorists are facing fuel-price hikes of ‘catastrophic proportions’, with massive price increases for both petrol and diesel looming large on the horizon. Source: BusinessTech
While the return of load shedding is not unexpected, it will have a significant impact on the country’s economy and will lead directly to further job losses, says professional services firm PwC. Source: BusinessTech
Working South Africans require meaningful connections to make better financial decisions, as they are projected to retire on only 40% of their final salary, according to financial services company, Alexander Forbes. Source: BusinessTech
