Latest News & Developments
economic crisis
South Africa at a crossroads: economic strategies unfold as Ramaphosa visits the US and Godongwana presents budget
Today marks a crucial moment for South Africa as President Cyril Ramaphosa visits the US to strengthen diplomatic ties, while Finance Minister Enoch Godongwana prepares to present a national budget amid economic challenges
Job losses loom as Saftu and Cosatu highlight South Africa's manufacturing crisis
Saftu and Cosatu raise alarms over job losses as South Africa's manufacturing sector faces a significant downturn, with production declining for five consecutive months and investment levels dropping.
Manufacturing in crisis: Saftu and Cosatu warn of job losses amid declining production
As South Africa's manufacturing sector faces a troubling decline, Saftu and Cosatu voice urgent concerns over job losses, following alarming statistics revealing a 0,8% drop in production.
Once an economic mainstay, mining output slumps dramatically in February
South Africa's mining output, once a cornerstone of the economy, has seen a staggering 9. 6% year-on-year decline in February.
SA Canegrowers CEO warns of economic impact from US sugar tariffs
South African sugar industry faces significant economic challenges as US maintains 10% import tariff with the threat of returning to 30% punitive tariffs, says SA Canegrowers CEO Dr Thomas Funke.
Treasury vs households: The fairness of South Africa's proposed VAT increase
South Africa's government proposes a VAT increase to address fiscal challenges, but experts warn it may disproportionately affect the poor and middle class, raising concerns about its impact on consumer spending and economic growth.
Is the VAT hike fair? Treasury vs household in South Africa’s tax debate
South Africa's planned staggered VAT increase from 15% to 16% is drawing criticism from economists and citizens alike, who argue that already-strained households will bear the brunt of the government's latest revenue-generating measure.
Trump tariffs | US billionaires warn of imminent recession and other problems for economy
American financiers and billionaires voice strong criticism of President Trump's newly imposed tariffs.
Trump remains defiant on tariffs amid escalating trade tensions
US President Donald Trump remains resolute in his tariff plans, claiming there is no inflation, despite significant market downturns triggered by China's retaliatory measures.
Rand regains some ground as market rout cools, but trade war fears loom large
The South African rand shows signs of recovery after hitting two-year lows, but escalating trade tensions between the US and China raise concerns about future stability.
Trump's tariffs on South African exports | Calls grow for trade diversification
The United States has imposed 31% tariffs on South African exports, including vehicles, precious metals, and agricultural products. As economic pressure mounts, local and international experts are urging South Africa to diversify its trade partnerships beyond traditional markets to mitigate impact and ensure economic resilience.
US man's backlash against Donald Trump’s tariffs reveals flawed logic in trade deficit explanation
Clarkson Lawson criticises President Donald Trump’s new tariffs, arguing that the administration misrepresents trade deficits as actual tariff rates, warning of significant economic consequences.
MK Party criticises Trump's tariffs, warns tariffs would harm white SA farmers the most
US President Donald Trump announced on Wednesday that all US imports will be subject to a base duty of 10%, with higher rates applied to 60 nations, including South Africa.
How Trump's tariffs could affect South Africa's economy
As South Africa navigates these turbulent economic waters, the long-term implications of increased US tariffs present both immediate challenges and potential avenues for inflation relief.
Trade Minister Parks Tau vows to seek clarity on Donald Trump’s 30 percent tariffs
Trade Minister, Parks Tau, expresses confusion over the US' newly imposed 30% tariffs on South African exports, highlighting potential economic disruptions in key sectors.
Trump’s tariffs: Brace yourselves for economic turmoil
As US President Trump's tariffs threaten economic stability at home and abroad, SA braces for potential fallout.
Donald Trump escalates trade war with sweeping global tariffs
US President Donald Trump's latest tariffs have ignited a fierce global trade war, stirring outrage from allies and rivals alike.
How corruption is undermining small-scale fishers in South Africa
Amidst Human Rights Month, South Africa faces a looming crisis as systemic corruption threatens the livelihoods of small-scale fishers. With a VAT increase on the horizon, the most vulnerable citizens are set to bear the brunt of economic mismanagement.
SA Budget turmoil: VAT hike blocked as GNU faces historic showdown
The imminent National Budget Vote is fraught with potential pitfalls as coalition tensions simmer.
The rise of survival gambling in South Africa's economic crisis
As South Africa grapples with economic challenges, a troubling trend emerges: gambling is increasingly seen as a means of survival, raising significant concerns for society and mental health.
Youth and the economy: Reflecting on 30 years of challenges and opportunities
At the forefront of the "Youth and the Economy" event, participants and officials grapple with the lingering issues of youth unemployment and shattered expectations.
Former ambassador Tony Leon | SA's 'self-harming' US foreign policy needs economic-focused reset
Former South African Ambassador Tony Leon has called for a strategic reassessment of SA-US relations following recent diplomatic tensions. Leon criticised 'megaphone diplomacy' and urged a more pragmatic approach focused on economic growth and job creation rather than ideological positioning.
Political fallout looms as ANC pushes controversial VAT hike
The ANC faces significant political risks as it pushes for a VAT increase despite widespread opposition from major parliamentary parties.
How Africa loses $88bn annually to Illicit financial flows
Discover the devastating impact of illicit financial flows on Africa, as Speaker Anita Among reveals a staggering annual loss of $88 billion, crippling development and impoverishing millions
Education, Health lead Gauteng's R211 billion Provincial Budget for 2025
Gauteng's ambitious R211 billion budget allocation reveals major investments in education and healthcare, with R69. 6 billion and R66 billion respectively earmarked for these crucial sectors. MEC Lebogang Maile's comprehensive financial strategy aims to tackle unemployment, inequality, and service delivery challenges across the province.