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
The adjustments will affect consumers and the South African fashion industry
The Institute for Security Studies launched its Prospects 2043 report on Tuesday, with strong leadership seen as key to long-term stability in the country
Past summits on the economy have led to hopeful rhetoric but little meaningful action. The longer this paralysis continues, the more damaging it becomes
Diamonds account for 30% of the country’s economy, but lab-grown gems mean less demand for ones dug out of the soil
The study published by Naspers says problems with infrastructure, access, costs and regulations are slowing South Africa’s progress towards digital transformation
Recent export agreements with Asian countries are a balm for South Africa, after Botswana and Namibia’s ban on the country’s citrus.
The continent will make significant gains by fast-tracking this sector through investment and skills development
South Africa imports more than 60% of its olive oil supplies from Europe where climate conditions are worsening
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
The big players have launched township e-commerce initiatives but existing businesses already have a good handle on the space
The next elections are due in September 2025, but will the next government enable the country to overcome its economic hardships?
The region has also seen an increase in its contribution to the continent’s broader economic growth
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
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
It must be embedded in policies and strategies that restructure the economy
The country needs a universal basic income for adults and children to boost economic recovery and growth and reduce inequality
Through targeted policies, awareness campaigns and collaborative efforts, we can harness small, medium and micro enterprises’ dynamism and pave the way for a more inclusive and resilient economic future
The country can grow its commercial services offerings, particularly business, financial, intellectual property, telecommunication, computer and information services, and insurance and pension services
This reflects a moderation of sales after excellent sales figures in 2022. But higher interest rates and a poor 2023-24 summer crop add pressure to farmers’ finances
Among the companies that have announced staff cuts are Anglo American and Sibanye Stillwater
Public, private partnerships and adopting advanced technology will help in this regard