School fee increase worry, and Transnet’s big repair bill

Here’s what is happening in and affecting South Africa today:

• School fee increases worry: Economists and governing body associations have raised concerns that the recent above-inflation increases in school fees will prompt more parents to request fee exemptions. The Federation of Governing Bodies of South African Schools has projected that, in 2025, fee-paying schools could offer exemptions totalling between R7.4 billion and R10.8 billion to parents facing financial difficulties. [News24]

• Transnet’s R14 billion annual repair bill: South Africa’s vast railway system is about to experience major changes that will enable third-party access. Nevertheless, Transnet indicates that an investment of around R14 billion per year is necessary for its six corridors, which have been troubled by theft, vandalism, and ageing infrastructure. [Business Day]

• Wild Coast safety woes: The Eastern Cape Parks and Tourism Agency (ECPTA) is concerned about the impact of crime on tourism in the province, particularly along the Wild Coast. This increase in crime has led to a decline in visitors, negatively affecting local businesses. ECPTA spokesperson Oyanga Ngalika emphasized that the Eastern Cape’s reputation as a welcoming tourist destination is at risk, highlighting the need for urgent action. [News24]

• KZN weather warning: The South African Weather Services has upgraded its weather warning from Level 6 to Level 8 for areas along the coast of KwaZulu Natal, with widespread showers and thundershowers expected. The level 6 warning will remain in place for the interior. [The Citizen]

• Markets: The rand eased on Friday amid choppy trading after starting the year on a strong note. On Monday (06 January), the rand was trading at R18.76 to the dollar, R23.31 to the pound, and R19.34 to the euro. Oil is trading at $76.30 a barrel. [Reuters]