Donwald Pressly

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Moves afoot to govern use of energy appliances

The Department of Minerals and Energy is working on regulations to govern "the norms and standards" of energy appliances so as to reduce the use of energy, Minerals and Energy Minister Buyelwa Sonjica said on Wednesday. Speaking ahead of her budget vote, the minister acknowledged that people would be obligated "to be energy efficient".

Economist urges flat tax rates for SA

A flat tax in which the ratio of tax to taxable income is the same at all levels of income -- and which replaces various tax bands that feature in a progressive tax regime with a single tax -- would allow the South African government to gather more tax at lower rates, Free Market Foundation (FMF) economist Jasson Urbach has argued.

Mboweni plays down trade-deficit concerns

Some exceptional items gave rise to the growth in the deficit on the current account of the balance of payments towards the end of last year, but this has been "easily financed by capital inflows", South African Reserve Bank (SARB) Governor Tito Mboweni told MPs on Tuesday.

Manuel: Increased trade important for Africa

Increased trade is beneficial to Africa in that it supports poverty alleviation and is able to create new employment opportunities on the continent, said Finance Minister Trevor Manuel. It promotes regional integration and helps to expand intra-regional trade "while infusing new capital and technology into the continent", he told the Parliamentary Network on the World Bank.

Mpahlwa consults with lawyers over lottery

South Africa's Trade and Industry Minister Mandisi Mpahlwa consulted a legal team on Wednesday evening about the decision of the Pretoria High Court to set aside the awarding of the national lottery licence to Gidani, government spokesperson Themba Maseko said on Thursday.

DA: Manuel’s wage subsidy ‘inappropriate’

The application of a wage subsidy to neutralise the effect of the proposed social-securities tax for low-income workers -- as proposed by South African Finance Minister Trevor Manuel -- "is completely inappropriate for our economy", Ian Davidson from the Democratic Alliance said on Thursday.

Manuel: Protection can make companies lazy

Protection can make South African companies lazy, South African Finance Minister Trevor Manuel told the Lion of Africa breakfast on Thursday. "Part of what we must do is engage with South African business to ensure that they too understand that they can take the world on," he said.

Mbeki: AU summit underscores African resolve

The recent African Union summit confirmed that the African continent remains united "in its determination" to pursue the objectives fundamental to the African renaissance, including accelerating socio-economic development, South African President Thabo Mbeki said on Friday.

Higher inflation does ‘certainly not’ mean more jobs

Increasing the rate of inflation through expansionary fiscal or monetary policies will "certainly not" lead to reduction of high rates of unemployment in South Africa, a Free Market Foundation economist, Jasson Urbach, has argued in a paper entitled <i>Is South Africa Headed for a Battle between the Twin Evils?</i>.

Press Releases

SA’s SEZs create decent jobs

The Specia Economic Zone programme is used as a critical tool for accelerating the country’s industrial development agenda

The new normal in tourism is business unusual

Innovation and changing trends have kept some tour operators in the green, though most have struggled during the tight lockdown


The Botswana Bureau of Standards (BOBS) invites tenders from reputable companies for the provision of certification services

The Galaxy Z Fold2 smartphone breaks all the rules

The Galaxy Z Fold2 has meaningful innovations that offer users enhanced refinements and some unique foldable user experiences

Adventures, ghost tours and big skies await visitors to the Cape Winelands

All of the CWDM destinations are accessible within a 30- to 120-minute drive from Cape Town, creating real value for money

SingularityU Online Summit to contribute to SME growth in 2020

The global speakers lined up for this year's event will address the challenges and opportunities specifically facing small businesses

Policy priorities lie with urgent economic reforms

Professor Raymond Parsons believes that business and consumer sentiment in South Africa would both benefit from even lower borrowing costs

Javett Art Centre at the University of Pretoria to reopen on Heritage Day

The new, drive-through sculpture exhibition brings to four the number of exhibitions of iconic African and South African art

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