Latest News & Developments
US President Donald Trump’s retreat on tariffs Wednesday sent the stock market soaring.
South African agricultural associations express concern over potential US tariffs on exports, highlighting the implications for the red meat industry and broader agricultural sector.
"The poorest of the poor will take the brunt even if it's 0. 5% this year and 0. 5% the following year"
Minister Parks Tau said sending the South African delegation to United States remains the correct approach, as announced by President Cyril Ramaphosa.
The Democratic Alliance has filed a legal challenge against the upcoming VAT increase, arguing it will unfairly burden South Africans already struggling with high living costs.
Explore Elon Musk's dramatic political shift from a pro-green energy advocate to a key player in the MAGA movement, and uncover the implications of his influence on American politics.
The Democratic Alliance (DA) is taking a stand against the planned VAT increase set for May 1, filing papers in the Western Cape High Court to challenge its legality. This move follows the recent approval of the 2025 fiscal framework, which the DA argues will unfairly burden South Africans already facing financial difficulties.
Deputy President Paul Mashatile has called on Gauteng to transform itself through infrastructure development, crime reduction, and a 'clean city campaign' to secure R300 billion in investments. Speaking at the inaugural Gauteng Investment Conference, Mashatile emphasised that the province's role as South Africa's economic powerhouse, contributing 35% to national GDP, makes its revitalisation critical for achieving the country's 3% growth target.
Deputy President Paul Mashatile has called on Gauteng to transform itself through infrastructure development, crime reduction, and a 'clean city campaign' to secure R300 billion in investments. Speaking at the inaugural Gauteng Investment Conference, Mashatile emphasised that the province's role as South Africa's economic powerhouse, contributing 35% to national GDP, makes its revitalisation critical for achieving the country's 3% growth target.
Gauteng is poised to secure over R300 billion in investment pledges from more than 50 companies at Thursday's inaugural Investment Conference at Melrose Arch. Top government officials including Deputy President Mashatile and Premier Lesufi will outline plans to transform the province's economy, create jobs, and address infrastructure challenges as South Africa's economic powerhouse aims to double its R1. 1 trillion economy.
Gauteng is poised to secure over R300 billion in investment pledges from more than 50 companies at Thursday's inaugural Investment Conference at Melrose Arch. Top government officials including Deputy President Mashatile and Premier Lesufi will outline plans to transform the province's economy, create jobs, and address infrastructure challenges as South Africa's economic powerhouse aims to double its R1. 1 trillion economy.
South Africa's Standing Committee on Finance is set to vote on the fiscal framework, potentially deciding the fate of Finance Minister Godongwana's proposed VAT increase and testing the fragility of the Government of National Unity. Economic experts warn of various potential outcomes and their implications for the country's financial markets and economic stability.
Despite the suspension of load shedding since March 2024, PwC's latest South Africa Economic Outlook reveals that business leaders still consider energy disruptions their primary concern, alongside growing worries about water shortages and extreme weather events. The report outlines critical mitigation strategies businesses must implement to ensure resilience against these challenges in 2025-2026.
The rand has fallen nearly 1% against the US dollar as Parliament faces a critical Budget deadline. With GNU parties divided over proposed VAT increases and economists warning of dire consequences if consensus isn't reached by Wednesday, South Africa's economy hangs in the balance
While food inflation shows signs of easing, ongoing challenges from loadshedding, high transport costs, and drought conditions continue to threaten food security and strain household budgets. The report reveals changing consumer behaviors, with many South Africans switching to more affordable protein alternatives as they navigate the country's complex food pricing landscape.
Minister Macpherson and Mayor Truter have pledged to revitalise the neglected St Helena Bay and Saldanha Bay harbours, aiming to transform them into economic hubs that will create jobs and attract investment.
In the face of escalating tensions with the United States, Yanis Varoufakis urges South Africa to maintain its dignity and avoid seeking favour from Donald Trump.
The UN Economic Commission for Africa's latest report urges African governments to implement the African Continental Free Trade Area agreement as a strategic response to global economic fragmentation. The report highlights how the AfCFTA could raise Africa's GDP by 1. 2% by 2045, boost intra-African trade by 45%, and create opportunities in manufacturing, agriculture, renewable energy, and digital trade.
Raubex Group's share price rose over 8% on the JSE following a positive earnings forecast, with significant new contracts, including a R1. 98 billion project to upgrade the Parliament buildings in Cape Town
Explore how UCT’s boycott of Israeli universities and a potential NIH funding cut threaten its financial stability in 2025, amid Gaza conflict resolutions
Explore the implications of the South African Reserve Bank's latest repo rate decision and what it means for the economy.
Business Unity South Africa approves the Nedlac report on Tobacco Bill consultations while raising significant concerns about international NGO involvement and unilateral government additions to the final report. The controversial legislation aims to regulate tobacco products and electronic delivery systems in South Africa
Gauteng Finance MEC Lebogang Maile unveils an ambitious R527 billion budget focusing on Gautrain expansion, road infrastructure, and an R800 billion investment drive, while firmly dismissing concerns about the province's economic stability. The comprehensive plan promises significant infrastructure development and job creation through public-private partnerships.
The SACCI Trade Conditions Survey for February 2025 indicates a slight improvement in trade conditions, although challenges persist as many businesses remain cautious
"Business and civil society groups express concerns over the government's planned VAT increase, warning of its potential impact on low-income households and economic activity.