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South Africa: Inflation Hits 13-Year High – South African News Briefs – August 24, 2022


Cape Town —  Update as at 16h30 SAST – Inflation Hits Highest High in 13 Years

South Africa’s consumer price inflation has hit a 13-year high of 7.8%. According to Statistics South Africa, on a month-on-month basis, inflation is up 1.5%. The largest contributor to the acceleration of inflation is transport, which has recorded an increase of 25% year-on-year. It accounts for 3.4 percentage points of annual inflation. Food and non-alcoholic beverages are also up by 9.7%, contributing 1.7 percentage points to the total annual rate.

Things Looking Up for Banyana Banyana

Minister of Sport, Arts and Culture, Nathi Mthethwa, has announced that his department’s pledge to Banyana Banyana of R5.8 million following the team’s recent 2022 Women’s Africa Cup of Nations (WAFCON) victory, has been increased to R15 million on direct intervention by President Cyril Ramaphosa. “I am pleased to announce that the national government’s contribution to the team has been increased to R15 million”, the minister said. Last month, the team triumphed 2-1 over hosts Morocco in an intense final held at the Prince Moulay Abdellah Stadium in Rabat, Morocco. The win by Banyana Banyana has also pushed the gender pay disparity in South African sport to the fore.

Finance Minister Not Fit, Should Resign – EFF Leader
Economic Freedom Fighters (EFF) leader Julius Malema has said Finance Minister Enoch Godongwana was not fit for the position as the recent sexual assault allegations against him were compounding his failure to manage the economy. The party has called on Godongwana to resign in light of the allegations against him by a staffer at a hotel in Skukuza, in Mpumalanga. The masseuse has accused Godongwana of fondling her while giving him a massage on August 9, 2022 – Women’s Day, EWN reports.

COSATU, SAFTU Strike Commences But No Leave, No Pay From Employers

The national strike by the Congress of South African Trade Unions (COSATU) and the South African Federation of Trade Unions (SAFTU) is meant to bring government’s attention to the high cost of living, crime and the high petrol price that is impacting heavily on the lives of South Africans. Employers have taken a tough stance and told workers that they would not be given leave or be paid for the day if they attend the strike. “I wanted to join but my company doesn’t allow us to join the strike. No work, no pay,” one Cape Town commuter said.

Google Wallet Is Back!

Making contactless payments and store digital passes will now be possible for Android users via Google Wallet. Business Insider reports that to prevent fraud, users need to set up an authorisation check in the form of a fingerprint, face, or pin, to process a payment. Google Wallet can currently be paired with six participating banks – FirstRand, Absa, Nedbank, Standard Bank, Discovery Bank, and Investec. According to Google, the  new software will work not only as a payment system but will also store all the ID information of the users and their tickets – whether it’s a flight or a concert – and will send notifications and updates on upcoming events. Four international airlines with regular services to and from South Africa have also partnered with Google Wallet on its relaunch. The system will be available on all Android devices, and there will even be a version for iOS, Google says.