South Africa is quietly building a new ‘gas bridge’ to Mozambique; Moody’s has sent a warning to South Africa’s failing municipalities; All eyes are on South Africa’s latest inflation numbers on Wednesday; and Eskom says load shedding will continue for the foreseeable future.
Underinvestment in water and electricity infrastructure makes South African towns and cities vulnerable to events such as floods and disruptions in these services can be a credit risk for some municipalities, Moody’s Investors Service said. Capital expenditure in most of the country’s municipalities that Moody’s rate is below the 10% to 20% of total spending recommended by the National Treasury to ensure that infrastructure needs are addressed.
[Eskom has again warned that load shedding will continue for the foreseeable future until the power utility secures additional generation capacity. Eskom said it needs an additional 4,000MW – 6,000MW added to the grid, with no timeframe set for when the power outages will end. [South Africa’s rand firmed on Tuesday, as the dollar fell due to cooling expectations for a full percentage-point Federal Reserve Bank interest rate hike next week. The rand is currently trading at R17.10/$, R17.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FF Plus - 'Farm murders in South Africa are out of control' - South Africa TodayAlheit Smit (77), discovered the bodies of his wife, Sisi, his seventeen-year-old stepson and the five female employees
Read more »
Not only monetary capital, but intellectual capital is rapidly leaving South Africa - South Africa TodayNot only does South Africa suffer losses of monetary capital, but the United Nations’ Migration data shows that intellectual capital is also rapidly leaving the country. South Africa’s losses of intellectual capital – skilled workers – to countries such as Britain, Australia, America, New Zealand, and Canada are attributed to job insecurity (including children’s futures) […]
Read more »
South Africa/Zambia: Stoppage-Time Motlhalo Penalty Sends South Africa in WAFCON FinalSouth Africa reached the final of the 2022 Total Energies Women's Africa Cup of Nations after overcoming Zambia 1-0 in Casablanca on Monday.
Read more »
Women’s Africa Cup of Nations match report Zambia v South Africa 18 July 2022BREAKING! Banyana Banyana have advanced to Women’s Africa Cup of Nations final after defeating Zambia 1-0 on Monday night. SLInt MORE:
Read more »
Women’s Africa Cup of Nations match report Zambia v South Africa 18 July 2022🇿🇦🇿🇦🇿🇦 Banyana Banyana booked their spot in the 2022 Women’s Africa Cup of Nations final after snatching a 1-0 victory over Zambia on Monday night. Read more ➡️
Read more »
South Africa: What's Happening In South African News - July 19, 2022
Read more »