Latest News & Developments
In a landmark ruling, the Gauteng High Court has stepped in to protect the Road Accident Fund from a controversial R5. 1 billion deduction by SARS.
Existing homeowners, especially those with variable-interest rate bonds, could find it harder to keep up with bond payments, increasing the risk of foreclosures.
Provincial governments are failing to pay R12. 46 billion in supplier invoices, with Eastern Cape responsible for nearly a third of this debt, according to National Treasury. This payment crisis is forcing small businesses to take out loans to survive, with many SMEs eventually shutting down due to cash flow problems caused by government non-payment.
Provincial governments are failing to pay R12. 46 billion in supplier invoices, with Eastern Cape responsible for nearly a third of this debt, according to National Treasury. This payment crisis is forcing small businesses to take out loans to survive, with many SMEs eventually shutting down due to cash flow problems caused by government non-payment.
Credit ratings agencies Moody's and Fitch have challenged South Africa's National Treasury projections, warning that government debt will stabilise at higher levels than anticipated in the 2025 Budget. The agencies predict debt-to-GDP ratios could reach 80%, while political tensions within the GNU threaten budget implementation
Deputy Finance Minister Masondo urges immediate action to address Africa's escalating debt crisis, calling for collaborative solutions at the G20 International Financial Architecture Working Group Debt Side Event in Pretoria.
Experts share their insights on the anticipated interest rate decisions by the Monetary Policy Committee, considering economic pressures such as inflation and VAT increases.
Experts share their insights on the anticipated interest rate decisions by the Monetary Policy Committee, considering economic pressures such as inflation and VAT increases.
Major businesses face power cuts as Tshwane's R30 billion debt recovery campaign sparks outcry, with the Capital City Business Chamber urging for collaborative solutions instead of confrontational tactics.
National Treasury launches major budget overhaul amid concerns over rising government debt, with new fiscal anchors proposed to enhance public sector efficiency and economic growth
Metair Investments Limited's shares surged by 15. 86% to R5. 99 on the JSE after the company announced a significant capital restructuring plan, aiming to alleviate its 45. 28% decline this year and restore investor confidence.
As South Africa faces a critical R60 billion budget shortfall, Finance Minister Enoch Godongwana navigates controversial proposals including VAT increases and welfare cuts. With national debt exceeding 75% of GDP, stakeholders clash over solutions while experts warn of potential economic consequences
The International Monetary Fund strongly endorses South Africa's structural reforms while calling for more aggressive measures to address the R6 trillion national debt crisis. Key recommendations include public sector wage cuts and SOE restructuring to boost economic growth beyond current 1% levels
Clientèle's latest financial results reveal a 217% surge in earnings per share, driven by the R469. 1 million gain from the 1Life acquisition. Despite challenging economic conditions affecting customer affordability, the group maintains optimistic outlook with strategic growth initiatives
Johannesburg Water has disconnected 15 customers from gated communities and complexes in the south and north of Johannesburg and which collectively owe over R2. 7 million
Transnet has revised its wage offer to unions as it faces financial challenges, proposing a fixed increase over three years while emphasising the need for stability and job security. "
The civic organisation applauds Tshwane's proposed debt-relief programme, which could eliminate R10 billion in municipal debt for residents.
Former African heads of state unite in the Cape Town Declaration, demanding urgent debt relief and sustainable solutions for developing nations at the G20 meeting.
Nedbank's chief economist Nicky Weimar outlines a pragmatic approach to South Africa's economic challenges, advocating for reduced government spending and diplomatic caution with the US amid global trade tensions. With fiscal reserves depleted and growth stagnating, she warns against quick-fix solutions and emphasises the need for structural reforms
Energy experts warn that the escalating R100 billion debt owed by municipalities to Eskom poses a significant threat to the power utility and South Africa's economy
Treasury's 2025 Budget reveals Eskom's growing dependency on government support, with municipal debt soaring to R94. 8 billion while the power utility struggles with revenue challenges and slow unbundling progress.
The Pencil Club in Durban has entered voluntary business rescue due to significant financial challenges
Cogta MEC Thulasizwe Buthelezi urges wealthy homeowners on Ingonyama Trust land to pay for municipal services, highlighting the unsustainability of expecting free government services
Like it or not, Trump’s notion of American exceptionalism is supported by the rest of the world being far worse off than the US.
Thousands of South African students face financial instability due to unpaid fees, preventing them from registering or obtaining their qualifications. Despite NSFAS' efforts, many students remain trapped in debt, with institutions like Tshwane University of Technology failing to offer assistance.