After US action on political debanking, #RacistBanksMustFall calls for reform in South Africa
The #RacistBanksMustFall movement in South Africa advocates for legislative reforms to combat discriminatory banking practices, inspired by a recent US executive ...
Reserve Bank expected to keep interest rates on hold amid VAT, inflation pressures
The South African Reserve Bank faces a crucial decision on interest rates as inflation continues to challenge economic stability. Here's what economists predict ...
South Africa’s employment crisis deepens with 133 000 job losses
According to the survey 294 000 jobs were lost between September 2023 and September 2024.
Dr Sam Motsuenyane: Doyen of black business and an audacious community builder
Dr Motsuenyane is survived by his wife, Joyce, his children, and grandchildren.
No break for consumers as petrol prices expected to rise again in May
South African fuel prices have reached record-high increases over the past three years.
Jet fuel dispute with Sars could lead to shortage of supplies
According to people close to the situation, jet fuel stocks at Airport Company South Africa’s fuel farm in Kempton Park noticeably declined over the past week to ...
Restructured Sapo will be ‘lean, agile and cost effective’, says Gungubele
Gungubele said government’s aim was to save the entity and ensure it continued as a business.
New vehicle sales decelerate for eighth month in a row
Naamsa yesterday said the new vehicle market for March was dragged lower by a steep 27. 1% decline in export sales as they plummeted by 8 975 units to 24 161 units, ...
Sars collects record R2.1 trillion in taxes
Sars paid out refunds of R414 billion to taxpayers, the highest-ever quantum in refunds compared to R381bn in the prior year, representing growth of 8. 6%.
Triple leadership boost for SA parastatals
Transnet says that they have reached stability at Durban Container Terminal Pier 2 following the major container and vessel congestion crisis experienced late last ...
Trade tariff probes in past six months stall to 21-year low - XA report
Investigations have gone from taking eight months to complete to now averaging 28 months with the crux of the delays due to the sign off at the Minister of Trade ...
Sounding the alarm: industrial gas users warn of impending meltdown unless action is taken by the government
The unilateral decision by Sasol to cut off gas supply poses an existential risk to large industrial users of gas and is likely to lead to the de-industrialisation ...
Sanedi expects R300bn investment into SA green hydrogen by Japanese companies
South Africa’s partnership with Japan is accelerating the development of the hydrogen economy to a significant degree, according to the organisation.
Expansion of Saldanha port may not be financially viable at this stage, says TNPA
This comes as TNPA wanted to reposition the port by increasing exports capacity in the short-term (2022-2032) through the phase 2 iron ore expansion berth construction ...
Private rail operator Traxtion gives thumbs up to Godongwana’s logistics plans
The finance minister has said third-party access to the freight rail network would be introduced by May 2024 to mitigate the logistics challenges emanating from ...
South Africa taps reserves to tackle debt
Finance Minister announces R150bn drawdown from contingency reserves.
Budget 2024: Treasury lowers SA’s growth forecast but sees recovery ahead
The National Treasury is betting on a projected decline in consumer inflation and ramped-up investments in renewable energy projects to lift South Africa’s dwindling ...
Ratings agencies: SA’s fiscal slippage will be under the spotlight
Gross loan debt has grown from R1. 58 trillion in 2013/14 to R5. 21 trillion in 2023/24.
Budget gets mixed reaction from business industry
The business industry has given a mixed reaction to Finance Minister Enoch Godongwana’s 2024 Budget Speech, especially the taxes on business, though the policy on ...
Rand rises after Godongwana delivers fiscally responsible election budget
Finance Minister Godongwana announced that the National Treasury will dip into the Gold and Foreign Exchange Contingency Reserve Account.
Budget 2024: Godongwana facing unemployment rate of more than 32%
The crisis with job creation in South Africa is more apparent when gleaned over a 10-year period as the number of unemployed people surged from 4. 8 million in the ...
SA unemployment rate rises to 32.1% in Q4 2023 – Stats SA
Analysts expect the unemployment rate to remain high in 2024.
Proposal for a Universal Basic Income Grant as economic stimulus
The paper advances data to show that a decent UBI benefit of R1,500 paid to everybody per month without conditions could self-fund itself by 96%.
SA-US tensions ratchet up a notch with Agoa at stake
South Africa’s trade relations with the US look likely to get strained even further as the renewal of the African Growth Opportunity Act (Agoa) hangs in the balance ...
Standard Bank expects economic growth to surge above 1% this year
The economy has remained resilient to a number of challenges, and the issues of energy supply were looking up.