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In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [ 156 ] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden , who took office in January 2021, being net negative starting in October of that year ...
21 October- The 2021 South African metalworkers strike ends, with workers represented by the National Union of Metalworkers of South Africa winning a 5-6% annual pay increase 22 October - Following a high-profile trial ex-police officer Nomia Rosemary Ndlovu is convicted of murdering five relatives and her boyfriend over several years.
In 2021–2022, most countries experienced a considerable increase in inflation, peaking in 2022 and declining in 2023. The causes are believed to be a mixture of demand and supply shocks, whereas inflation expectations generally seem to remain anchored (as per May 2023). [100]
South African President Cyril Ramaphosa spoke to Elon Musk “on issues of misinformation and distortions about South Africa,” the presidency announced on Tuesday. “In the process, the ...
In 2019 the 17.1% of all South African taxpayers were located in the Western Cape; the province contributed 16.9% of the country's total taxable income thereby contributing to just under R 269.58 billion to the fiscus. [16] Below is a breakdown of the Western Cape governments 2021/22 budget.
Inflation rates that rose to 5% and 8% in 2021 and 2022, respectively, only widened the gap — with school districts paying more in utilities, gas and other overhead costs.
A drought in East Africa began in 2021 and further intensified in 2022, precipitated in part by the oncoming La Niña in 2022. [38] [140] Three rainy seasons failed in the Horn of Africa, destroying crops and killing large herds of livestock. [38] In Somalia, five rainy seasons have failed, Kenya and Sudan were also strongly affected. [14]
In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [36] In 2021, South Africa-based financial institutions managed more than US$1.41 trillion in assets. [37] The total market capitalization of the Johannesburg Stock Exchange is US$1.28 trillion as of October 2021. [38]