Citizens and local companies are stashing cash abroad as protection from the volatility of a weakened rand
Consumers who bought fuel at a petrol station later saw their accounts debited multiple times for the same transaction in an apparent ‘system error’
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
The funds have been allocated to the departments of justice and international relations to cover their costs in bringing the case before the International Court of Justice
The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency
Instead, Finance Minister Enoch Godongwana promised steps to ease the requirements for public-private partnerships
An amount of R11 billion will be set aside to allow people early exit from public service
Finance Minister Enoch Godongwana has doubled down on the government’s fiscal consolidation efforts by reducing spending from 28.6% of GDP in the 2023-24 financial year to 27.6% in 2024-25. This largely reflects measures implemented in recent years and slower growth projected in non-interest expenditure relative to GDP, the treasury said in its medium-term budget policy […]
According to The Other Foundation’s latest report, this showcases economic resilience and growth
The governor of the central bank mulls targets as inflation drops
This is the lowest reading for inflation in South Africa since April 2021
The payTV giant is facing a steep decline in subscribers, falling by nearly half a million
He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending
Sacci warned that the recent decline signals growing uncertainty about economic stability, driven by inconsistencies in the government of national unity
Many South Africans are relying on the new two-pot retirement system for immediate financial relief
In this financial year’s budget, Parliament did not allocate funding for the South African Post Office, which is waiting for a R3.8 billion tranche
Low-income households continue struggling to feed themselves, the Essential Food Monitoring Report stated
The PwC report said the global pursuit of a just energy transition and the need for consolidation were reshaping the landscape of the local industry
The sector says the health promotion tax introduced in 2018 has hurt sugar producers and cost jobs
Prices have increased by over 30%, favouring gold-producing countries like South Africa, but structural issues are dampening opportunities
The department of mineral resources says the decrease is the result of lower global crude oil prices and a stronger rand
The industry wants excise tax relief amid declining sales and economic strain
The phenomenon of deepfake online adverts created by artificial intelligence is growing and victims are losing identities and cash
The ban raised global food insecurity fears in 2023, but improved harvests and potential policy changes have eased concerns, benefiting import-dependent countries like South Africa
Small business owners are also hoping to get advice on adding value from ‘the factory of the world’
The Independent Communications Authority of South Africa has ordered StarSat to stop broadcasting after failing to renew its licence on time
From vineyard to market there are fruitful opportunities throughout the supply chain
But some fresh produce can still be bought for up to 300% cheaper than in supermarkets if purchased in bulk at municipal markets.
Soils are being drained of essential elements that yield the nutrient-rich grains, fruits and vegetables needed for animal and human health
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
The auditor general report noted that the national carrier is fully-funded by equity or bailouts, but inefficient governance is keeping it in choppy waters
Hundreds of thousands of households rely on informal traders to buy food