The rise in the unemployment rate represents double-trouble for South Africa

Firstly, having nearly six million people out of work creates a massive social problem with consequences that are difficult to predict and, secondly, it underlines the poor performance of the economy. This double-trouble will be very difficult to overcome. Business confidence is low and the government has been very slow in implementing the structural reforms […]

Three most critical issues affecting the socio-economic future of South Africa (Survey Results)

More than 39 percent of businesses in the Western Cape believe that education is one of the three most critical issues affecting the socio-economic future of South Africa, according to a Cape Chamber of Commerce survey of its members. But the survey also revealed strong negatives with Government incompetence, Government corruption, President Zuma, political leadership, […]

9.4% increase in Eskom electricity tariffs will not solve Eskom’s problem

NERSA’s decision to approve a 9.4 percent increase in Eskom electricity tariffs will not solve Eskom’s problem and it may make them worse says the Cape Chamber of Commerce and Industry. “What it means is that more businesses and domestic consumers will turn to alternative energy sources to escape the high and seemingly ever-increasing tariffs,” […]