Tongaat Hullet: what now for the ailing sugar giant?

Finance Minister Enoch Godongwana has signalled increased spending on peace and security in his budget speech from R268.2 billion in 2025/26 to R291.2 billion in 2028/29. The allocation follows President Cyril Ramaphosa’s announcement in his State of the Nation address (Sona) that the defence force will be deployed alongside the police to combat illegal mining […]

Finance Minister Enoch Godongwana has confirmed increases to social grants, including old-age, disability and child support, supporting 26.5 million South Africans amid high unemployment.

National treasury officials said the costing for the deployment of soldiers in crime-affected areas — as announced by President Cyril Ramaphosa, his Sona, had not yet been done

Over the next three years, growth is projected to average 1.8% and reach 2% by 2028

Minister warns that municipalities must reinvest collected revenue in essential services, citing Johannesburg’s water backlog of R64 billion

Labour federations Cosatu and the South African Federation of Trade Unions have led calls for a budget that addresses massive unemployment and weak growth

The global lender said controlling the public sector wage bill would be critical and commended the government’s plans to address inefficiencies and provide incentives for early retirement

AMC26 seeks to mobilise global capital to invest in the continent in the face of geopolitical shifts wreaking havoc on markets

Vision, the lead secured lender to the troubled sugar giant, said it was committed to saving the company and jobs despite the business rescue process failing

Minerals Minister Gwede Mantashe says the country faces challenges in developing an effective system for exploration and mining licences

The decline brings the official rate to its lowest level since the Covid-19 shock pushed unemployment above 30%

The employed population increased to 17.1 million, but youth unemployment rose to 43.8% in the fourth quarter of 2025