The government has raised the licensing threshold for embedded power generation in South Africa from 1MW to 100MW, President Cyril Ramaphosa has announced.
However, despite three consecutive quarters of positive growth, South Africa’s economy remains 2.7% smaller than in the first quarter of 2020.
President Cyril Ramaphosa has defended South Africa’s transformation policies against claims that they lead to acts of corruption.
The extended public works programme created 938,000 jobs in the 2020/2021 financial year, the Department of Public Works and Infrastructure says.
South Africa’s unemployment rate rose slightly in the first quarter of 2021 to 32.6% – the highest since Stats SA’s Quarterly Labour Force Survey started in 2008.
Phase 1 of the stimulus, which had a budget of R12.6 billion, has directly benefitted 532,180 people “including 422,786 jobs created or retained,” the Presidency said.
The first phase of Basic Education Department’s Presidential Youth Employment Initiative created 320,000 teaching assistant jobs.
The BRiCS New Development Bank has approved a second $1 billion COVID-19 loan to South Africa to support its economic recovery.
IRR said “citizen abuse” includes stealing from taxpayers, wasting resources, appointing incompetent officials and failing to tackle corruption.
Eskom said generation capacity is “severely constrained.” Find out where to check stage 2 load shedding schedule here.