Although South Africa’s youth unemployment rate dropped slightly in the fourth quarter of 2022, the situation remains critical, with the latest Quarterly Labour Force Survey (QLFS) revealing that 4,6 million young people are looking for jobs.

Not only is load shedding costing South Africa around R 4 billion a day, it is also pushing the country into a technical recession due to quarter-on-quarter economic declines, according to both ABSA and Citibank. To resolve this, Finance Minister Enoch Godongwana announced several reforms in his recently delivered Medium Term Budget Policy Statement.

Eskom recently proposed a revised tariff structure which, if approved by Nersa, will charge residential consumers based on when they use electricity. It serves to manage peak periods by charging customers more for using electricity during these times. As energy charges will be split into peak, standard or off-peak periods, customers could possibly pay more or less, depending on their consumption profile.

CBI-electric: low voltage launched its new Astute Range Smart Days on May 11 and 18 2022. The aim of the first sessions of this internal learning program was to promote and showcase CBI’s new IoT products and foster employee engagement.