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Business

Inflation edges up in February, driven by food and transport, among other costs
Business
/ 20 March 2024

Inflation edges up in February, driven by food and transport, among other costs

The consumer price index rose 5.6% year-on-year in February and was at 1.0% month-on-month

By Aarti Bhana
Patel: Broken port system hinders black industrialists
Business
/ 18 March 2024

Patel: Broken port system hinders black industrialists

The trade and industry minister said the country’s logistics and energy problems are standing in the way of new entrepreneurs

By Anathi Madubela
Locals drown in digital nomad wave
Business
/ 16 March 2024

Locals drown in digital nomad wave

Hotspots around the world are struggling to strike the balance between growing their tourism industries and protecting locals’ pockets

By Sarah Smit
Ramaphosa picks Mampho Modise as deputy Reserve Bank governor
Business
/ 15 March 2024

Ramaphosa picks Mampho Modise as deputy Reserve Bank governor

The president reappointed Reserve Bank governor Lesetja Kganyago, as well as deputy governors Fundi Tshazibana and Rashad Cassim

By Sarah Smit
Standard Bank, hit by naira devaluation – but not knocked out
Business
/ 15 March 2024

Standard Bank, hit by naira devaluation – but not knocked out

Despite problems in Nigeria, the bank said it anticipates more growth from its Africa operations

By Anathi Madubela
Former DG wants ‘liar’ Gordhan held accountable for SAA deal
Politics
/ 14 March 2024

Former DG wants ‘liar’ Gordhan held accountable for SAA deal

Kgathatso Tlhakudi said the allegations of an irregular selection process and the undervaluation of SAA assets to unfairly enrich selected ‘oligarchs’ should be spotlighted

By Lizeka Tandwa
SAA sale officially off after disagreement over airline’s value
Business
/ 13 March 2024

SAA sale officially off after disagreement over airline’s value

Negotiations between government and the Takatso Consortium fell apart, leaving the national carrier’s future back in the state’s hands

By Sarah Smit
Rise of the digital nomads: ‘Unbearable’ prices force Cape Town renters out
Business
/ 13 March 2024

Rise of the digital nomads: ‘Unbearable’ prices force Cape Town renters out

High living costs in the Mother City are driving people to other parts of the country

By Anathi Madubela
Austerity extinguishes industrial policy revival
Business
/ 12 March 2024

Austerity extinguishes industrial policy revival

South Africa risks falling behind as much of the rest of the world embraces industrialisation to grow and protect economies

By Sarah Smit
Sibanye-Stillwater: Gold to the rescue amid platinum price crash?
Business
/ 11 March 2024

Sibanye-Stillwater: Gold to the rescue amid platinum price crash?

Having its roots in gold, the diversified mining company has been shielded from the PGM price crash

By Anathi Madubela
Nedbank won’t be crushed by falling interest rates, says chief financial officer
Business
/ 6 March 2024

Nedbank won’t be crushed by falling interest rates, says chief financial officer

Shored up by higher borrowing costs, South Africa’s banking sector seems to have to weather the 2023 economic storm

By Sarah Smit
South Africa’s economy narrowly avoids a recession
Business
/ 5 March 2024

South Africa’s economy narrowly avoids a recession

The transport and mining industries were the key contributors to fourth quarter GDP growth

By Anathi Madubela
Petrol prices pump up the pain
Business
/ 4 March 2024

Petrol prices pump up the pain

Motorists are in store for another price hike come Wednesday

By Sarah Smit
Signs point to SA having avoided a technical recession
Business
/ 4 March 2024

Signs point to SA having avoided a technical recession

According to economists, the country’s fourth-quarter GDP numbers will have been buoyed by a winding down of power outages

By Anathi Madubela
Transnet forges ahead with R89bn logistics hub in KZN
Business
/ 3 March 2024

Transnet forges ahead with R89bn logistics hub in KZN

Plans are underway to develop new container terminals at the ports of Richards Bay and Durban, and to relocate the SA Navy Base from Salisbury Island

By Lyse Comins
Business tourism on the up, says De Lille
Business
/ 3 March 2024

Business tourism on the up, says De Lille

South Africa no longer purely marketed as a leisure destination, but as a country of choice for conferences and exhibitions

By Mandisa Ndlovu
Report urges state to cut BEE premium to reduce VAT
Business
/ 2 March 2024

Report urges state to cut BEE premium to reduce VAT

A report suggests that government could save R150 billion in wasteful expenditure if it stopped overpaying its contractors

By Lyse Comins
More to be done before SA makes its great grey list escape
Business
/ 29 February 2024

More to be done before SA makes its great grey list escape

According to the treasury, the country’s authorities still need to fulfil 17 tasks in its 22-point plan

By Sarah Smit
Former Telkom staff win court appeal against new employer
Business
/ 29 February 2024

Former Telkom staff win court appeal against new employer

The employees have won an appeal against WNS after being unfairly dismissed during the implementation of a labour outsourcing agreement

By Lyse Comins
Move to tap forex reserve is ‘sensible’
Business
/ 23 February 2024

Move to tap forex reserve is ‘sensible’

Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account

By Sarah Smit
Treasury’s Pieterse: Transnet bailout ‘not inevitable’
Business
/ 22 February 2024

Treasury’s Pieterse: Transnet bailout ‘not inevitable’

The 2024 budget is Duncan Pieterse’s first as director general. And he says the fiscal framework does not constitute a negotiating position

By Sarah Smit
Social wage bill consumes R1.2 trillion of government revenue
Business
/ 22 February 2024

Social wage bill consumes R1.2 trillion of government revenue

Additional funds have been allocated to pay teachers, doctors, nurses and police officers but productivity is not always commensurate with salaries

By Lyse Comins
NHI plans to revitalise hospitals
Business
/ 21 February 2024

NHI plans to revitalise hospitals

A proposed R6.9 billion is to be allocated over the next three years to prepare for the rollout of the system across the country

By Lyse Comins
Budget 2024: Government proposes electric vehicle tax incentive
Business
/ 21 February 2024

Budget 2024: Government proposes electric vehicle tax incentive

The incentive is aimed at encouraging investments in local production

By Sarah Smit
Budget 2024: Tough line on bailouts could see Eskom debt relief cut by R4 billion
Business
/ 21 February 2024

Budget 2024: Tough line on bailouts could see Eskom debt relief cut by R4 billion

The budget points to state-owned entity bailouts as a key driver of South Africa’s increasingly constrained fiscal position

By Sarah Smit
Budget 2024: Treasury responds to Ramaphosa’s promise to ‘extend and improve’ SRD grant
Business
/ 21 February 2024

Budget 2024: Treasury responds to Ramaphosa’s promise to ‘extend and improve’ SRD grant

The term’s of its extension beyond 2025 have yet to be agreed on, but the treasury has made provisional allocations for the grant

By Sarah Smit
Budget 2024: Godongwana inflicts pain on individual taxpayers
Business
/ 21 February 2024

Budget 2024: Godongwana inflicts pain on individual taxpayers

The South African Revenue Service has turned to salaried workers and professionals to buoy revenue collection but is also targeting multinationals posting profits abroad

By Lyse Comins
Budget 2024: State to tap into R500 billion forex reserve
Business
/ 21 February 2024

Budget 2024: State to tap into R500 billion forex reserve

The decision follows pressure from civil society and labour — as well as warnings that the treasury risks leaving the Reserve Bank in a precarious position

By Sarah Smit
WATCH LIVE: Godongwana delivers the 2024 Budget speech
Business
/ 21 February 2024

WATCH LIVE: Godongwana delivers the 2024 Budget speech

Minister of Finance, Enoch Godongwana, will present the 2024 Budget Speech at the Cape Town City Hall

By MG Reporter
SA’s unemployment rate rises to 32.1%
Business
/ 20 February 2024

SA’s unemployment rate rises to 32.1%

The country’s jobs data comes the day before the tabling of what looks to be another tightly managed budget

By Sarah Smit
A drained state hurts the economy
Business
/ 20 February 2024

A drained state hurts the economy

And there are fewer journalists to hold policymakers accountable for this decline

By Sarah Smit
Budget 2024: Jury’s still out on tax hikes
Business
/ 19 February 2024

Budget 2024: Jury’s still out on tax hikes

The budget is expected to lay out plans to raise R15bn in revenue, amid a commodity-induced slump

By Sarah Smit
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