Kaya 959 Kaya Biz

TOP STORY - Why government is ending the National State of Disaster

Loading player...
GUEST – Lungile Mashele – Energy Economist

The South African government has decided to end its National State of Disaster called on the ongoing electricity crisis after just over one month. According to SA Government News, the National State of Disaster has been terminated “with immediate effect” after it was challenged in the courts by the Organisation Undoing Tax Abuse (OUTA). The legality of the State of Disaster was also challenged by civil action group Solidarity.

According to EWN, the State Attorney had informed OUTA’s lawyers today that the government was withdrawing the National State of Disaster on electricity, and it would be paying OUTA’s court costs. “The national state of disaster, has been overturned by government and I guess it starts to ask questions as to why is government making these decisions without really applying their mind to the long-term consequences and the backlash that they are going to be receiving on a number of these matters,” said OUTA CEO, Wayne Duvenage.
5 Apr 2023 4PM English South Africa Business News · Investing

Other recent episodes

AGOA Extended: Certainty or Illusion?

The US has extended the African Growth and Opportunity Act (AGOA) to 2028, stabilising duty‑free access for African exporters. But is this really a win, or just temporary certainty? Oxford Economic’s Jervin Naidoo explains what the extension means for South Africa’s auto industry, Kenya’s textiles, and Africa’s trade outlook in…
24 Sep 1PM 19 min

Your Retirement, Your Rules: ETFSA’s Starter Pack Explained

Retirement planning doesn’t need to be intimidating. Suzan Ramotshabi breaks down the biggest barriers stopping South Africans from investing, including Black Tax and fear of making mistakes. She explains how the Starter Pack works, additional ETFSA solutions, and the one step listeners can take today to begin their retirement journey…
23 Sep 1PM 22 min

SARB Tightens: What the 25bps Hike Means for You

The SARB surprised markets with a unanimous vote to hike rates by 25bps, landing against rising inflation expectations and global volatility. Johann Els unpacks the policy mood shift, the 4.4% inflation print, rand vulnerability, and how this decision affects credit conditions, household budgets, and South Africa’s growth outlook heading into…
23 Sep 12PM 14 min

The State of SA Insurance: Climate, Claims & Consumer Strain

South Africa’s insurers are navigating a perfect storm: higher catastrophe losses, rising claims inflation, affordability strain, and a shifting risk landscape shaped by climate volatility and crime. Santam’s Partner Solutions CEO, Gugu Mtetwa, unpacks the sector’s resilience, the worsening underinsurance problem, consumer behaviour shifts, and how insurers are adapting to…
22 Sep 1PM 24 min

Measured Momentum in SA Banking: Earnings Up, Risks Rising

South Africa’s major banks delivered headline earnings growth of 9.3% to R82.3 billion, stronger ROE at 20.5%, and improved cost‑to‑income ratios — but beneath the numbers lies a fragile domestic recovery and renewed inflation pressure. PwC’s Rivaan Roopnarain breaks down the competitive dynamics across retail, business, corporate and payments ecosystems,…
22 Sep 1PM 14 min
All episodes