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 4PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min