News
Transformation Fund to drive inclusive economic growth
The Deputy President moved to recognise the involvement of the private sector in co-funding the initiative.
News
Rating agencies don’t treat the Global South fairly: changes South Africa should champion in G20 hot seat
The major credit rating agencies exist to opine on the likelihood that a debtor (say, a country) will repay their creditors on time and in full.
News
Consumer inflation stabilised at 3.2% in February 2025: Here’s what this actually means
South Africa’s consumer inflation remained at 3.2% in February, with food and medical costs rising. Here’s what that means for consumers.
News
Godongwana adds new items to the zero-rated food basket
Finance Minister Enoch Godongwana has expanded the zero-rated food basket, frozen fuel levies, and confirmed a VAT hike—here’s what it means for South Africans.
News
Here’s every crucial takeaway from the 2025 Budget Speech you must know about
Finance Minister Enoch Godongwana finally delivered the 2025 Budget Speech, announcing a VAT hike, spending priorities, and economic forecasts. Here’s everything you need to know.
News
Budget Speech 2025: What to expect, how to watch live in South Africa
After last month’s failed budget, Finance Minister Enoch Godongwana delivers his revised 2025 Budget Speech today. Here’s what to expect and how to watch live.
News
South Africa’s GDP increased 0.6% in Quarter 4 of 2024
South Africa’s gross domestic product (GDP) increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024. This is according to Statistics South Africa (Stats SA), which attributed the growth to, among others, an increase by 17.2% in the agriculture, forestry and fishing industry, which contributed […]
News
Budget Speech faces new uphill battle as GNU at odds over ‘wealth tax’
South Africa’s Cabinet has rejected Enoch Godongwana’s revised Budget over tax disagreements, deepening the standoff within the GNU.
News
South Africa’s latest unemployment rate unpacked: Here’s what you must know
The Western Cape has contributed the most jobs, with an increase of 62,000 positions.
News
Private sector taunted about DTI’s R100bn black transformation fund
Critics, including the Democratic Alliance, argue that the fund risks becoming a mismanaged “slush fund.”
News
South Africa’s Global Minimum Tax law: What it means for businesses and the economy
Economically, the Global Minimum Tax Act is expected to bolster South Africa’s tax revenues by curbing aggressive tax avoidance strategies.
News
South Africa’s GDP declined 0.3% in Q3:2024 – Here’s what it means
The contraction in GDP signals a continuation of challenges that have plagued South Africa’s economy for several years.
News
SARB announces repo rate cut: Here’s what you must know
Kganyago’s announcement comes on the heels of an announcement by Statistics South Africa that inflation had dipped to 2.8% - its lowest since June 2020.
News
Activists welcome Treasury’s proposed minimum alcohol price
National Treasury has proposed tax increases to reduce harmful drinking.
News
South Africa’s consumer inflation drops to new low: Here’s what you must know
South Africa's consumer inflation hit a new low at 2.8% in October 2024. Here's what this means for the average household.
News
Hlabisa gazettes standard draft by-law to empower township economies
The department said the regulation also supports businesses with tailored resources, including permit registration processes and designated trading spaces, ensuring streamlined operations within municipal jurisdictions.
News
Govt commits to investing in critical industries for job creation
This is according to Deputy President Paul Mashatile, who responded to questions in the National Council of Provinces (NCOP) relating to several critical issues impacting South Africa’s township and rural economies.
Lifestyle
2024 Black Friday in South Africa: Here’s what to expect
Black Friday 2024 in South Africa promises major discounts on electronics, home essentials, and DIY supplies. Here’s what consumers can expect this year.
Lifestyle
South Africa’s rental market struggles as vacancy rates spike
South Africa’s rental vacancy rates surged to 6.72% in Q2 2024. What does this mean for landlords and tenants? Read on for a detailed analysis of the TPN Residential Vacancy Survey and the rental market implications.
News
Consumer price inflation dropped in September 2024: Here’s what it means
Statistics South Africa's latest report reveals a drop in consumer price inflation to 3.8% in September 2024.
News
South Africa’s economy grew 0.4% in the second quarter of 2024 – Stats SA
South Africa's economy grew by 0.4% in the second quarter of 2024, driven by finance, trade, and manufacturing sectors, according to Stats SA.
News
South Africa consumer inflation drops to 4.6% – Here’s how this impacts your life
A lower inflation rate means that the prices of goods and services are not increasing as quickly, which can have several positive effects on everyday life.
News
Eskom could increase electricity prices by 36% in 2025: Here’s what you must know
This proposed hike comes on the heels of the already approved 12.74% increase for 2024/2025.
News
SARS announces changes to customs import system: Here’s what you must know
SARS has rolled out a series of updates to its customs import system, focusing on modernising how goods are brought into South Africa.
News
TotalEnergies abandons offshore gas discoveries: Here’s what it means for South Africa
The withdrawal of TotalEnergies from these offshore gas projects has significant implications for South Africa.
News
Repo rate remains unchanged: Here’s everything you must know
Four members voted to keep the rate unchanged, while two preferred to cut it by 25 basis points.
News
Fitch Ratings courts backlash with eyebrow-raising ANC coalition analysis
Fitch Ratings faced criticism for suggesting that a coalition between the ANC and the DA would be the best outcome for South Africa.
News
Repo rate update on Thursday, 30 May 2024
The South African Reserve Bank announced the repo rate remains unchanged at 8.25%. Learn how this decision affects your daily life.
News
Consumer price index dropped to 5.2% in April 2024
The headline inflation rate for all urban areas in South Africa dropped to 5.2% in April 2024, down from 5.3% in March 2024.
News
Rolex exits South Africa’s luxury market after 76 years
After 76 years, Rolex is closing its Sandton office.
