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south africa economic crisislatest news & developments
Political analyst Moeletsi Mbeki has indicted South Africa’s “ruling political elites” for contributing to the country’s economic dysfunction
BUSINESS

Moeletsi Mbeki criticises ‘ruling political elites’ for ‘milking’ South Africa’s economy

The brother of former president Thabo Mbeki said the power of the ruling middle class must be diluted by the poor, the working class and property owners

  • Lyse Comins
9 min read
Consumers are angry that the government is treating them like a cash cow instead of fighting corruption and improving its fiscal discipline. File photo by Dwayne Senior/Bloomberg via Getty Images
BUSINESS

‘We can’t cut our household budgets any more’: Strapped South Africans lambast VAT hike

Consumers are angry that the government is treating them like a cash cow instead of fighting corruption and improving its fiscal discipline

  • Lyse Comins
6 min read