The company has welcomed the removal of concessions that will make it more expensive to buy apparel from international online retailers such as China’s Shein and Temu
A survey found that residential rental vacancies had dropped to their lowest level since 2016, as buying becomes less attainable
Unions say the company is keeping its workforce as casual labour to grow profits, in line with a trend in the transport sector
President Cyril Ramaphosa’s Operation Vulindlela is forging ahead with its next phase amid ongoing wrangling over positions in his executive
Sibanye-Stillwater, which is at the centre of the debate on excessive pay for executives, has had its remuneration report rejected three years in a row
The province’s economy has struggled amid infrastructure and governance failures
The smooth transition is raising hopes of improved economic growth and outlook
Still-sticky inflation could further delay long-awaited interest rate cuts
The labour movement helped end apartheid and usher in Mandela’s coalition government. Its currently diminished position is cause for anxiety as the ANC forges new political alliances
The grocery retailer grew online volumes by 463%, albeit from a low base
The South African Chamber of Commerce and Industry’s business confidence index fell in April and May, ahead of the elections, snapping a rally that dated back to November 2023
The tariffs hamper efforts to grapple with climate change, including by reducing greenhouse gas emissions
As coalition discussions intensify, the party could end up making significant policy concessions to navigate South Africa’s uncertain future
The Financial Stability Review highlights resilience, but warns of geopolitical risks and high government debt exposure
Earlier this year, the ratings agency warned that a significant increase in the government’s debt-to-GDP ratio could knock its credit rating
The economy did not benefit from the suspended load-shedding initiated in early April
As the 14 days to announce a coalition government commences, investors are nervous and the rand is flat
The family’s decision to relinquish control over the grocery retailer gives their new chief executive more room to turn the business around
Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture
Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook
The Big Three ratings agencies, Moody’s, S&P Global and Fitch, have extensive influence over how creditors assess Africa’s risk profile
South Africa, the region’s economic powerhouse, looks to record improved, albeit tepid, growth this year and next
The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
If value-added tax were to be used to fund the insurance, it would have to rise from 15% to 21.5%
The announcement comes after another disappointing set of results, in which the group reported a massive decline in its trading profit
The deputy finance minister also says liberalising the energy sector is key to growing the economy
The national carrier will not seek further bailouts as it expands its fleet and routes to return to profitability
Consumer inflation has eased but is still not comfortably within the central bank’s target of 3% to 6%
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023
Cancer accounted for about 32.3% of all insurer Liberty’s claims for 2023
The e-commerce giant will shake up the online retail sector – but it might take some time