US jobs report July 2026 shows a surprise decline
The US jobs report July 2026 landed far below forecasts, with payrolls falling, wage growth stalling and earlier months revised sharply lower.
Latest in Economy
Viral News
South Korea’s KOSPI crashes 8% and triggers circuit breaker
The South Korea stock market crash of Monday, 8 June 2026, saw the KOSPI plunge 8% and trigger a circuit breaker after Iran strikes, a Broadcom miss and US jobs data.
News
South Africa earns first Fitch credit upgrade in 21 years
Fitch upgraded South Africa's credit rating from BB- to BB on Friday, 5 June 2026, the first upgrade in 21 years, citing prudent fiscal management and primary surpluses.
News
Western Cape taxi fares set to rise by up to R5 next week
Western Cape taxi fares rise by up to R5 next week as SANTACO cites fuel costs. Here is what commuters need to know about the new pricing.
News
New BCEA earnings threshold of R269 600 takes effect today as South Africa marks Workers’ Day
South Africa's BCEA earnings threshold increases to R269,600.90 per annum from 1 May 2026. Here is what the change means for employers and employees.
News
South Africa business confidence falls as rand slides to R16.53 against the dollar
South Africa's SACCI Business Confidence Index fell 3.3 points to 131.3 in March 2026 as the rand slid to R16.53 against the dollar on Middle East tensions.
Lifestyle
South Africa building plans approved drop 11.2% in February 2026 as non-residential sector contracts
South Africa building plans approved fell 11.2% year-on-year to R7,394 million in February 2026 as non-residential approvals dropped 43.6%, Stats SA data shows.
News
South Africa faces possible interest rate hike and petrol price above R30 per litre
SARB Governor Kganyago warns against complacency as South Africa's petrol price approaches R30 per litre and interest rate hikes return to the table.
News
Iran peace talks stall as rand slides to third-worst emerging-market currency
South Africa's rand has fallen to its third-worst emerging-market ranking as US-Iran peace talks stall and oil stays near $95 a barrel.
News
China beats growth forecasts with 5% expansion in Q1 2026 despite Iran war headwinds
China's GDP grew 5% in Q1 2026, beating expectations despite Iran war disruption, with significant implications for South Africa's commodity exports and rand.
News
Zimbabwe eyes 8.5% growth in 2026 but economists say the boom is not what it looks like
Zimbabwe projects 8.5% GDP growth in 2026, led by gold and mining, but economists warn the boom overstates real progress and ordinary citizens feel little benefit.
News
Airlines, couriers, and security firms add emergency surcharges as Iran oil crisis hits SA consumers
SA airlines, couriers, and security firms are adding emergency surcharges as Brent crude tops $100: here is what consumers will pay and when relief could come.
News
Food prices rising in South Africa as Middle East war drives global costs higher
Food prices rising in South Africa will accelerate as the UN's FAO confirms a 2.4% global commodity price spike in March linked to the Iran war and energy costs.
News
South Africa interest rates could be cut next week: Here’s what it means
Markets indicate a strong chance that South Africa interest rates will be lowered next week as the Reserve Bank prepares for its final Monetary Policy Committee meeting of the year.
News
We stripped down the 2025 Medium Term Budget Policy Statement – Here’s the simple version
Finance Minister Enoch Godongwana’s Medium Term Budget Policy Statement outlines new economic forecasts, spending priorities and a major shift in South Africa’s inflation target.
News
Finance Minister Enoch Godongwana tables Medium-Term Budget Policy Statement [WATCH LIVE]
Finance Minister Enoch Godongwana will deliver the Medium-Term Budget Policy Statement (MTBPS) in Parliament today, outlining government’s fiscal framework and economic priorities for the year ahead.
![Finance Minister Enoch Godongwana tables Medium-Term Budget Policy Statement [WATCH LIVE]](https://www.swisherpost.com/wp-content/uploads/2025/11/swisherpost-enoch-godongwana-768x512.jpg)
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South Africa unemployment rate drops to 31.9% – Here’s what the latest stats show
The unemployment rate in South Africa has fallen to 31.9%, with 248,000 new jobs created between July and September 2025, according to Stats SA.
Technology
Amazon set to initiate largest job cuts in company’s history
Amazon is preparing to cut up to 30,000 corporate jobs this week, marking its largest round of layoffs as the company seeks to reduce costs and streamline operations.
News
Two-pot retirement withdrawals suspended – Here’s why
The two-pot retirement withdrawals system has been temporarily suspended by the Government Employees Pension Fund (GEPF) until 21 October 2025.
News
Shoprite exits Africa’s market with plans to expand in SA
Shoprite, South Africa’s biggest grocery retailer, is closing its stores in Ghana and Malawi as part of a long-term plan to focus on growth within South Africa.
News
Inflation in South Africa sky-rockets to 10-month high
Headline consumer price inflation in South Africa rose to 3.5% in July from 3.0% in June, reaching its highest level since September 2024 due to rising food and fuel prices.
News
Women vs men net worth gap in South Africa: Here’s what the data shows
A new study shows that women in South Africa have a net worth about 35% lower than men, with men holding more valuable assets and more diversified wealth.
News
South Africa lays out plans to soften the blow on 30% tariff
South African businesses are feeling the impact of the new 30% tariff imposed by the United States, and the government has introduced a multi-part plan to protect local industries and jobs.
News
Government welcomes reduction in repo rate
Addressing a media briefing on the MPC’s decision on the repo rate, SARB Governor Lesetja Kganyago said the decision to reduce the policy rate was unanimous.
News
Repo rate announcement expected this week: Will it remain unchanged? – Here’s what the numbers say
South Africa’s Reserve Bank is expected to announce its latest repo rate decision this week, with current inflation and unemployment data providing key indicators.
Lifestyle
New survey indicates South Africa’s middle-class is struggling to survive
DebtBusters’ Q1 2025 report shows South Africa’s middle-class is cutting back on essentials like food and transport to manage debt and survive rising costs.
News
Digital Transformation Roadmap to make it easier to access government services
The roadmap will be implemented as part of Operation Vulindlela Phase ll, as it focuses on implementing reforms in three new areas, including in digital transformation.
