Head of treasury’s budget office Edgar Sishi said fiscal consolidation will have to be extended by at least another two years
As emerging markets struggle to claw back growth, rising geo-economic fragmentation is expected to make conditions even tougher
Speakers at the South African Reserve Bank’s biennial conference seemed to favour a ‘higher for longer’ approach to interest rates amid ongoing economic uncertainty
Interest rates will probably remain much higher than their pre-pandemic average, as the Reserve Bank guards against ongoing inflation risks
To realise sustainable growth, the economic superpower must change tack, and South Africa must be ready to adjust
Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse
Iran polarised the five member states, with Russia fighting aggressively for its inclusion in the bloc, according to insiders
Brics chair, President Cyril Ramaphosa announced the bloc’s expansion, which includes two African country
The electricity minister suggested he had cast a wide net to find partners for the country’s fight for reliable electricity
China’s Xi Jinping, the leader of the biggest economy in the bloc, said the world is at a ‘critical juncture’ amid growing trade tensions