African Development Bank warns that economic growth could drop to 0.5% next year
Black economic empowerment has been transformative but it needs to be revisited to broaden its pool of beneficiaries
‘The new economic dispensation should match the aspiration for economic freedom and the fulfilment of the highest ideals of our democracy.’
Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say
April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week
The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead
From the looms of 18th century Bengal to clothing factories in Cape Town, tariffs have shaped the global economy not through free markets but through force
Donald’s trumped-up ‘liberation’ chart of tariffs has reset the world order – and my need to make my side hustle more lucrative
The Trump factor, plus the ANC and the DA playing to the brink, has cost the country R1 trillion
Industrial policy must be boldly reimagined if the erosion of the productive base is to be reversed
This legislation could help unlock the potential of underused assets and abandoned properties, including mines, inner-city buildings and land
Industry groups and experts are demanding the department of health withdraw its prohibition on foodstuffs containing cannabis and hemp
The recent drama over the budget spotlights the need to scrutinise our financial institutions, the treasury in particular
Divisions in the party have emerged over VAT hikes, coalition negotiations, and fiscal policy strategies
The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front
With inflationary pressures heightened, the Reserve Bank might take a cautionary approach regarding its interest rate decision on Thursday
Budget approval hangs in the balance and resistance to it is set to play out in the legislature’s finance committees
Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections
A re-think of how we live, relate to other sentient beings and consume will allow us to ‘learn, unlearn and relearn’ to convert disasters into strengths
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
Minister in the Presidency Khumbudzo Ntshavhenini said the postponement was necessary to address funding challenges within a constrained fiscal environment
The government is struggling to generate sufficient revenue development and deal with the country’s debt-to-GDP ratio
The industry has the potential to grow if there is more investment in exploration projects
Weighty headwinds face South Africa, with its government debt to gross domestic product ratio of 73.45% and a budget deficit of 5% of GDP
The treasury wants to raise taxes on alcoholic beverages and set a minimum price per unit
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
After the stall during 2020’s pandemic, travellers have come storming back exponentially each year
Coming on the heels of seven coups since 2020, 19 countries held elections but with mixed outcomes
Prices have increased by over 30%, favouring gold-producing countries like South Africa, but structural issues are dampening opportunities
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band