South Africa Country
latest news & developmentsBack 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
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
South Africa’s unemployment rate retreats again
The country has struggled to recover jobs after Covid-19’s economic onslaught
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
Unemployment rate retreats to 34.5%
But forecasters are expecting the jobless rate to stay elevated, as load-shedding and inflation take their toll
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
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
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
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
EXPLAINER: Why are central banks worried about inflation?
High prices have been more stubborn than previously expected, forcing monetary policymakers to react
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
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
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
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
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