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Minister of Electricity Kgosientsho Ramokgopa said 650,000 jobs were lost in the South African economy in 2022 because of the energy crisis - and the figure might rise to more than 850,000.
The US ambassador to South Africa claimed that a Russian cargo ship left the Simon's Town navy base camp in Cape Town last December with arms on board in a bid to assist Russia in its invasion of Ukraine.
This come after US ambassador to South Africa Reuben Brigety claimed that a Russian cargo ship left the Simon's Town navy base camp in Cape Town last December
The currency breached the R19 mark to the dollar on Thursday, as the ongoing power crisis continues to put pressure on the economy.
The economic outlook seems to suggest we're headed for a steeper repo rate adjustment, with some economists anticipating as much as a 75 basis point increase.