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 1PM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 10AM 20 min
All episodes