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South Africa (country)

Back to the office, but commercial property woes remain
Business
/ 12 January 2023

Back to the office, but commercial property woes remain

The commercial property sector probably peaked in 2022. Office vacancies remain high and harsh economic conditions continue to constrain growth

By Sarah Smit
Thomas Piketty: Direct wealth distribution needed to fix SA’s extreme inequality
Business
/ 6 September 2022

Thomas Piketty: Direct wealth distribution needed to fix SA’s extreme inequality

The renowned French economist noted that the country has made little progress towards closing the inequality gap, despite efforts to redistribute income

By Sarah Smit
South Africa’s unemployment rate retreats again
Business
/ 23 August 2022

South Africa’s unemployment rate retreats again

The country has struggled to recover jobs after Covid-19’s economic onslaught

By Sarah Smit
South Africa among countries where debt collection is most difficult
Business
/ 29 June 2022

South Africa among countries where debt collection is most difficult

Some small to medium businesses are taking as long as 180 days to settle debts, according to an assessment by international insurer Allianz Trade

By Sarah Smit
Unemployment rate retreats to 34.5%
Business
/ 31 May 2022

Unemployment rate retreats to 34.5%

But forecasters are expecting the jobless rate to stay elevated, as load-shedding and inflation take their toll

By Sarah Smit
Eskom claws back control over ‘critical’ procurement
Business
/ 13 May 2022

Eskom claws back control over ‘critical’ procurement

The treasury’s relaxation of procurement rules will allow the state utility to attend to its ageing power stations far quicke

By Sarah Smit
Commodity prices buoy South Africa amid China’s slow growth blow
Business
/ 10 May 2022

Commodity prices buoy South Africa amid China’s slow growth blow

South Africa’s fate is tied to China’s, but war-related disruptions in the global energy market keep exports going

By Sarah Smit
Rand offers cold comfort amid global inflation storm
Business
/ 5 May 2022

Rand offers cold comfort amid global inflation storm

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression

By Sarah Smit
KZN flood ‘rebuild’ could offer  much-needed economic stimulus
Business
/ 28 April 2022

KZN flood ‘rebuild’ could offer much-needed economic stimulus

Rebuild efforts have been mired in concerns about looting, but it could provide a much-needed stimulus to a crisis-hit province

By Sarah Smit
EXPLAINER: Why are central banks worried about inflation?
Business
/ 25 April 2022

EXPLAINER: Why are central banks worried about inflation?

High prices have been more stubborn than previously expected, forcing monetary policymakers to react

By Sarah Smit
Inflation again a hair’s breadth away from Reserve Bank’s upper limit
Business
/ 20 April 2022

Inflation again a hair’s breadth away from Reserve Bank’s upper limit

Consumer price inflation increased to 5.9% in March, up from 5.7% in February

By Sarah Smit
South Africa could help to fill agricultural-commodity gap arising from the Russia-Ukraine war
National
/ 5 April 2022

South Africa could help to fill agricultural-commodity gap arising from the Russia-Ukraine war

Africa imported $4-billion worth of agricultural products from Russia in 2020. Of the total, 90% was wheat and 6% sunflower oil

By Eunice Masson
JSE to amend requirements to enable actively managed ETF listings
Business
/ 4 April 2022

JSE to amend requirements to enable actively managed ETF listings

The local bourse has seen an uptick in the listing of exchange-traded funds, which allow investors to combine equity, debt, property and commodity exposure at a fairly low cost

By Sarah Smit
Absa announces first internal chief executive appointment since 2006
Business
/ 29 March 2022

Absa announces first internal chief executive appointment since 2006

Arrie Rautenbach has been appointed to head up the banking group more than a year after his predecessor’s sudden departure

By Sarah Smit
South Africa looks to capitalise as digital economy set to grow
Business
/ 29 March 2022

South Africa looks to capitalise as digital economy set to grow

President Cyril Ramaphosa has underlined the importance of expanding digital access to help to grow the economy

By Sarah Smit
Excluded from the economy, but ‘women work all the time’
Business
/ 25 March 2022

Excluded from the economy, but ‘women work all the time’

More women than men are unemployed, partly because they are engaged in unpaid labour: caregiving, cooking and cleaning

By Anathi Madubela and Sarah Smit
New migration policy could cut remittances lifeline
Africa
/ 18 March 2022

New migration policy could cut remittances lifeline

Migrant workers are seen as contributing to South Africa’s unemployment crisis. But cutting them off threatens to throw the regional economy off kilter

By Sarah Smit
The business case for environment, social and governance criteria
National
/ 17 March 2022

The business case for environment, social and governance criteria

ESG performance presents an opportunity for involving communities in the decision-making process and reducing costs that might emerge down the line from litigation and fines

By Busisipho Siyobi and Vincent Obisie-Orlu
Three more stages may be added to load-shedding if Eskom runs out of diesel at gas turbines
Business
/ 9 March 2022

Three more stages may be added to load-shedding if Eskom runs out of diesel at gas turbines

Fuel prices have soared in response to Russia’s invasion of Ukraine, putting South Africa’s power supply at risk

By Sarah Smit
Shell announces it will exit Russia
Business
/ 8 March 2022

Shell announces it will exit Russia

The oil giant’s chief executive flagged the consequences of the West’s moves to disentangle itself from Moscow’s energy system

By Sarah Smit
SA’s economy is still 1.8% smaller than before Covid-19
Business
/ 8 March 2022

SA’s economy is still 1.8% smaller than before Covid-19

The country’s economy shrank by 6.4% in 2020 but real GDP increased by 4.9% in 2021

By Sarah Smit
Light at end of tunnel, but wage bill could blow the budget
Business
/ 24 February 2022

Light at end of tunnel, but wage bill could blow the budget

The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook

By Sarah Smit
Fearmongering undermined police efforts amid July unrest, Cele says
National
/ 21 February 2022

Fearmongering undermined police efforts amid July unrest, Cele says

Instigators took to social media to stoke fears among police officers, the police minister told the South African Human Rights Commission hearings on Monday

By Sarah Smit
2022 census discriminates against LGBTQIA+ community
National
/ 18 February 2022

2022 census discriminates against LGBTQIA+ community

LGBTQIA+ organisations have accused Stats SA of being discriminatory for excluding transgender, non-binary and intersex categories in a question relating to sex

By Cassandra Roxburgh
Sona 2022: Ramaphosa must make ‘decisive statements’ — opposition parties
Politics
/ 10 February 2022

Sona 2022: Ramaphosa must make ‘decisive statements’ — opposition parties

Talk is over, the country needs action says Chief Zwelivelile Mandla Mandela ahead of the State of the Nation address

By Eunice Masson
Unemployment and interest rate hikes predicted to hit property market
Business
/ 4 February 2022

Unemployment and interest rate hikes predicted to hit property market

The volume of new mortgage applications reached multi-year highs amid record low interest rates

By Sarah Smit
Just three car models make up nearly 50% of SA fatal crashes — study
National
/ 27 January 2022

Just three car models make up nearly 50% of SA fatal crashes — study

‘Toyota Quantum and HiAce vehicles are on road on a semi-full-time basis and travel more kilometres vs other models and would, thus, be exposed to more on-road conflict situations,’ the report reads

By Tunicia Phillips
Brace for above inflation electricity hike and municipalities’ power grab
Business
/ 13 January 2022

Brace for above inflation electricity hike and municipalities’ power grab

The price of electricity could go up by 20.5% in April and an upcoming court bid could see users paying surcharges to municipalities

By Sarah Smit and Anathi Madubela
Editorial: The West dithers, but South Africa has to take some responsibility for this wave
Editorial
/ 2 December 2021

Editorial: The West dithers, but South Africa has to take some responsibility for this wave

We can’t bury our heads in the sand: there is no way to overcome the Covid-19 pandemic other than vaccination. South Africa — and the rest of Africa — still has a long way to go

By Ron Derby
Ramaphosa urges political leaders to work together as coalition talks begin
Politics
/ 4 November 2021

Ramaphosa urges political leaders to work together as coalition talks begin

Of South Africa’s 213 municipalities, the ANC attained a majority in 161. Meanwhile, there are 66 hung councils that will need to be governed through coalitions

By Eunice Masson
With its industrial base decimated, SA’s economy needs real change — Godongwana
Business
/ 21 September 2021

With its industrial base decimated, SA’s economy needs real change — Godongwana

Speaking at a book launch on Tuesday, the finance minister said a focus on manufacturing is critical to stem the country’s deepening unemployment crisis

By Sarah Smit
Senior crime intelligence officers want R15mn from axed top cop Vearey
National
/ 13 September 2021

Senior crime intelligence officers want R15mn from axed top cop Vearey

The arbitration hearing in which former cop Jeremy Vearey was challenging his dismissal concluded its proceedings on Monday 13 September

By Eunice Masson
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