South Africa offers US a revised trade deal and seeks to diversify exports

A recent forum heard that the high cost of capital continues to undermine the continent’s growth and infrastructure development

From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas

While the government negotiates a mutually beneficial deal with the US, it says it is making plans to diversify its export marke

Labour federations said the digital economy could lead to further marginalisation of workers and called for platform accountability and job protection

The president said a support package was being finalised for firms that will be affected by the tariffs

According to union Solidarity, pilots will receive salary increases of between 6% and 6.9% over the next four years

Low capital, fuel prices and cash-strapped consumers are hampering recovery

With low inflation, the monetary policy committee said it is aiming for inflation to settle at 3% — the bottom of its target range — to spur economic growth

The economy is expected to create a jobs boom if the country can fix its electricity grid and meet the increasing demand for local copper beneficiation

The department of trade, industry and competition says it has no intention of decoupling from the US on trade relations

Economists are also watching out for whether the central bank will adjust the target for inflation, which for now remains within a 3-6% target band

Although trade union Solidarity and the airline made progress during mediation last week, they have failed to reach an agreement