SA Money Daily | Carol Paton | ANC's deluded state of disaster idea won't move the needle

Shoprite hikes prices by more than 9% amid spiralling food inflation, load shedding costs

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, NEWS24 BUSINESS DEPUTY EDITOR Carol Paton | ANC's deluded state of disaster idea won't move the needle It was tragic listening to ANC secretary-general Fikile Mbalula on Tuesday, talking confidently about how a state of disaster would end load shedding by year-end - or even before.   The idea now seems certain to be implemented, with many in the Cabinet supporting it and believing it is procurement and regulatory obstacles holding up both fixing Eskom and bringing new capacity online.    But while declaring a state of disaster might make a slight difference on the margins, the prospects are slim that it will move the needle significantly. It will, though, allow the ANC (and the DA, which supports the idea as they made it first) the opportunity to look like they are doing something and in politics, that is all-important.   Both procurement requirements and regulatory processes have slowed things down at Eskom, as well as the efforts by the private sector to build their own embedded generation plants. But the hope that disaster regulations could move things forward by 12 months is a fantasy that will never materialise.  Read More Shoprite hikes prices by more than 9% amid spiralling food inflation, load shedding costs The 9.4% selling price increase Shoprite has passed onto consumers is eye-watering, but analysts say similar hikes could come from other retailers. Petrol and diesel prices to be hiked this week Petrol and diesel prices look set to be hiked in the first week of February. SAA safety incident on vaccine flight: Probe fails to find who entered wrong data and when An investigation into a so-called alpha floor incident on a chartered SAA flight in February 2021 could not determine when a correct figure was replaced by an incorrect one in the aircraft's computer system. IMF slightly boosts SA growth forecast for 2023 despite load shedding Despite record levels of load shedding, the International Monetary Fund (IMF) expects South Africa's economy will grow by 1.2% this year Ahmed Areff | It's enough! The great unwashed and powerless now need to cause a stink South Africans need to make politicians' lives miserable, and never let them forget that their job is to look after us. Without us, they are nothing, writes Ahmed Areff. SA left out of bond bonanza amid lights-out economy Foreign flows into local debt in emerging markets are surging, and South Africa is being left behind. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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