South Africa: What’s Happening In South African News – May 26, 2022

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Cape Town —  

Update at 16h30 SAST

Twelfth Language On Way – and Not a Moment Too Soon

Cabinet has approved the publication of the eighteenth Amendment Bill for public comment. This will pave the way for South African Sign Language to become an official language in the country. The Bill will amend Section 6(1) of the 1996 Constitution which proclaimed the countries 11 official languages – Sepedi, Sesotho, Setswana, siSwati, Tshivenda, Xitsonga, English, Afrikaans, isiNdebele, isiXhosa and isiZulu.

SARS Workers On Strike

Now is not a good time to visit the South African Revenue Service branches, as employees there are on strike for higher wages. Unions NEHAWU and the Public Servants Association has vowed to shut all branches nationwide until their demands for a 7% increase across the board, are met.

Smaller Airports Leading the Charge, After Covid-19 Travel Bans

Smaller airports like the one in George in the Western Cape, is welcoming more domestic travellers since the 2-year Covid-19 travel ban was lifted. Airports Company South Africa (ACSA) has said this is due to regional airports not relying on business travellers as the bigger airports does, and the lingering effects of Covid-19 still impacting on international travel.

If a Bank Fails, Up to R100,000 of Funds In Your Account Will Be Guaranteed

The South African Reserve Bank’s has a new Corporation for Deposit Insurance that will cover depositors for the first R100,000 they saved, in the event that the bank fails. Customers in the past only received R50,000 back when a bank fails. The Reserve Bank said this will be funded by the banking sector and not the government.  This decision follows a decision by the Reserve Bank to place UBank –  a small retail bank focused primarily on providing financial services for mine workers and their families – under curatorship for its deteriorating capital  adequacy profile in recent months.