AGP Executive Report
Last update: 10 hours agoEskom Debt, Joburg Power: Johannesburg has struck a provisional deal with Eskom to avert bulk supply interruptions on 8 July, with joint teams now set to tackle the city’s debt (over R5bn) and the loss-heavy distribution problem (about 29% losses), while the city also moves to ring-fence electricity revenue amid the R5.2bn crisis. Rates and Fuel Pressure: South Africans brace for a possible SARB rate hike as inflation hits a 19-month high and fuel costs stay elevated after the Middle East shock, with economists warning the June consumer squeeze could worsen. Medical Aid Under Strain: A new warning says SA’s medical aid model is losing young members, threatening the cross-subsidy that keeps costs manageable. Insurance and Flood Reality: As severe weather continues, insurers and experts are pushing households to check cover for building, contents, temporary accommodation and emergency repairs. Xenophobia Crackdown: DIRCO has condemned attacks on migrants, stressing enforcement must be lawful as tensions flare across communities. Business and Skills: TVET colleges are rolling out 24 new occupational qualifications and accelerating digital transformation, while the COFI Bill is set to reshape how pension funds and financial firms deliver fair outcomes.
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