BizNews in brief

ANC-Russia love affair could kill SA tourism – Manny de Freitas MP, DA Shadow Minister of Tourism

8th June 2023

The DA strongly condemns the ANC government’s reckless and detrimental love affair with Russia, which is causing severe economic consequences for our country. The recent loss of South Africa’s bid to host a Formula 1 race at the Kyalami Grand Prix Circuit is a glaring example of the negative impact created by the ANC’s partisan ties with Russia.

Government consider burning heavy fuel oil to alleviate load-shedding

1st June 2023

South Africa’s plan to alleviate blackouts by securing 2,000 megawatts of power from plants mounted on ships may include generating electricity by burning heavy fuel oil.

South Africa considers BRICS venue switch amidst Putin arrest warrant dilemma

1st June 20231st June 2023

South Africa is contemplating shifting the venue of the upcoming BRICS summit in an effort to evade executing an ICC arrest warrant for Vladimir Putin.

Ramaphosa deploys envoys to explain SA’s Russia stance

1st June 20231st June 2023

Ramaphosa will send four cabinet ministers to Group of Seven nations to explain the country’s non-aligned position on Russia’s war on Ukraine.

Port, rail failures may have cost SA $7.6 billion in exports

31st May 2023

Poorly run ports and freight rail lines may have cost the country 150 billion rand ($7.6 billion) in exports last year.

DIRCO confirms that diplomatic immunity will not apply to Putin and his arrest warrant remains enforceable

31st May 2023

DIRCO has confirmed that the arrest warrant issued against the Russian President, Vladimir Putin, remains in force.

Transnet seeks private boost for SA’s ports and Rail networks amid operational woes

30th May 2023

Transnet is making strategic moves to address its deteriorating operational performance by promoting private participation in South Africa’s ports and freight-rail networks.

Reserve Bank preparing financial contingency plan in case of total power grid collapse

30th May 2023

As the country grapples with the possibility of an electricity grid collapse and intensified loadshedding, the South African Reserve Bank is taking proactive measures to ensure the continuity of its payments system.

SA granting diplomatic immunity to BRICS attendees – Still legally obliged to arrest Putin

30th May 202330th May 2023

South Africa said it will provide diplomatic immunity to attendees of two meetings of officials from the BRICS group of countries — a practice the government said is routine.

Cape Town breaks solar power records amidst electricity crisis

30th May 202330th May 2023

The country’s severe electricity shortage has resulted in Cape Town seeing a surge in applications for solar power installations.