The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week
The US cutting aid to South Africa has caused large job losses at a number of treatment centre
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The finance minister now has to choose from several options presented by a task team to draw up a budget
The agriculture sector was up 17.2% and was the largest contributor to GDP growth during the period
Friday is the last day for such outlets, including spaza shops, to register in line with a government directive issued after children’s deaths from contaminated food
The new rubber-tyred gantry cranes and straddle carriers will boost efficiency at the port, Transnet chief executive Michelle Phillips said
The South African Reserve Bank has warned of an upside risk to the inflation outlook
This marks the second consecutive drop in the jobless rate, and the lowest since the third quarter of 2023
The country faces a deepened risk of being kicked out of the African Growth and Opportunity Act trade pact
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The president said the focus was on investment in infrastructure for transport systems, reforming state-owned entities, fixing water and sanitation, the green economy and energy
Salary increases are simply not keeping up with inflation, a new report shows
Developers believe the new legislation could stimulate economic activity
National minimum wage earners can’t afford sufficient nutritious food to feed their families
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The treasury wants to raise taxes on alcoholic beverages and set a minimum price per unit
The energy regulator has approved price increases for the power utility for the next three years
This was despite the central bank highlighting upside risks to the inflation outlook
A third consecutive interest rate cut will help stimulate the economy, but the central bank will also be cautious about inflation pressures
Wrangling in the ANC, incompetence and corruption have brought the council close to collapse
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Former KwaZulu-Natal MEC Siboniso Duma was previously accused of planning to axe Hamish Erskine but denied it
Economists expect 2025 inflation to average at 4.5%
The country’s ports and rail systems are shambolic, but GNU and a pause in load-shedding have elicited some optimism
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Experts speculate that bumper summer crops and lower fuel costs will help keep increases in check
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Ithala’s provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way
The pause in load-shedding and government’s collaboration with business signals a positive shift, the delegation says
But a parallel housing crisis in the affordable segment must be tackled by government and developers alike, say analysts
The commission has called for large property owners to make space for emerging greengrocers in malls
Artificial intelligence is a potent ‘always-on’ weapon that can assist in criminal attacks
Tractor sales dropped 24% in November 2024, reflecting financial pressures and past drought impacts, but analysts remain optimistic about the 2024-25 farming season
Preliminary economic projections showed 80% occupancy at Durban hotels in December and 75% between 1 and 5 January
Thousands of jobs are on the line, and the ripple effects are expected to devastate livelihoods, businesses and the town’s broader economy
Consumers should spend cautiously, despite the positive outlook for the year
The department of mineral and petroleum resources cited a higher crude oil price and a weaker rand