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Treasury plans measures to offset VAT hike - reports
19th February 2025 South Africa’s National Treasury will use a series of measures to offset the impact on the poor from a planned increase in value-added tax,... →
South Africa readies early retirement plan for State workers
18th February 2025 South Africa’s government has drafted an early retirement offer for civil servants, part of an effort to reduce its wage bill, according to people... →
IMF says South Africa needs to reduce debt for faster growth
17th February 2025 South Africa must take bold steps to ease a suffocating debt burden and boost economic growth, said the International Monetary Fund. “What we are... →
DA says it will oppose any plan to increase taxes
17th February 2025 South Africa’s Democratic Alliance (DA), the second- biggest party in the country’s coalition government, said it would oppose any tax increases... →
AU creates rating agency to tackle bias, unlock funds
14th February 2025 Africa unveiled its own credit rating company to address concerns that evaluations by global agencies carry a costly bias against the continent.... →
Police arrest 2 more suspects over Steinhoff fraud
14th February 2025 South African police arrested two more suspects in relation to alleged fraud at Steinhoff that led to the near-collapse of the global retailer in... →
Bain locked in legal battle over decade-long South African ban
13th February 2025 Bain & Co. is fighting a legal battle against South African finance and tax authorities in a bid to overturn a decade-long ban on doing business... →
South Africa business mood steady on improved economic prospects
12th February 2025 South African business sentiment was little changed in January, after surging to a decade-high at the end of last year, indicating that firms... →
In default for 25 Years, Zimbabwe struggles to feed its citizens
12th February 2025 Over the last quarter century, Zimbabwe has failed to pay $21-billion in debt. Now, as the country struggles with the impact of a... →
Uganda seeks $82m AIDS funding to bridge US support cut
12th February 2025 Uganda’s flagship agencies for its HIV/AIDS initiatives need 300-billion shillings ($82-million) in extra funding to narrow a gap created after the... →
South Africa set to lower inflation target in 2026, poll shows
12th February 2025 South Africa will probably wait until next year to lower its inflation target to address more pressing issues such as weak economic growth and... →
South Africa eases rules for deals with State under R2bn
11th February 2025 South Africa enacted changes to its public-finance laws that will reduce the red tape for projects valued at less than R2-billion where the... →
Public Servants Association will accept 5.5% pay-hike offer
10th February 2025 South African government workers plan to accept an offer to increase their wages by 5.5%, less than half the percentage initially demanded by State... →
Banks seek new scorecard on apartheid-redress plans
5th February 2025 A South African banking-lobby group wants the government to complete a review of a charter created to address inequalities brought about by... →
Breakthrough in NHI impasse
5th February 2025 South Africa’s government signalled that it is making headway in resolving an impasse over a new national medical-insurance plan that critics say... →
World Bank lifts South Africa GDP forecast on energy, logistics
4th February 2025 The World Bank raised its economic-growth forecast for South Africa because of a sustained recovery in its energy and logistics sectors, while... →
Diamond-dependent Botswana needs economic reset, new leader says
3rd February 2025 Botswana’s government will develop new industries, dismantle the State power utility to foster private investment and increase concessional... →
Rwanda-backed rebels pressing toward Bukavu in Congo, UN says
31st January 2025 Rwanda-backed M23 rebels are moving “rapidly” through South Kivu province toward the city of Bukavu in eastern Democratic Republic of Congo, the... →
Kenya inflation at 3.3% enhances case for another rate cut
31st January 2025 Kenya’s inflation rate remained below the 5% midpoint of the central bank’s target range for an eighth straight month in January, providing scope... →
Godongwana rebuffs Transnet debt-relief demand
30th January 2025 Finance Minister Enoch Godongwana vowed to keep showing “tough love” toward the nation’s ailing State-owned enterprises, rebuffing calls for a... →
Trump aid order raises HIV risk for 136 000 babies, experts warn
29th January 2025 Almost 136 000 babies are expected to be born with HIV in the next three months, mostly in Africa, because of the Trump administration’s “stop work... →
Duduzile Zuma-Sambudla to be charged with inciting terrorism
29th January 2025 Former South African President Jacob Zuma’s daughter will face charges related to anti-government riots in the country four years ago in which 354... →
World Bank’s Banga seeks $85bn to leverage Africa’s youth
28th January 2025 World Bank president Ajay Banga said boosting access to electricity is the key to unlocking the demographic dividend in the world’s youngest... →
Parks Tau says no new tax planned for black-owned firms fund
27th January 2025 South Africa is still discussing whether to set up a new fund to promote Black-owned businesses, and suggestions that new taxes will be imposed to... →
ANC wants National Treasury to rescue Transnet
27th January 2025 South Africa’s biggest political party will ask the National Treasury to consider a one-off debt-relief package for state-owned rail and ports... →
Rate chokehold on African economies is set to loosen slowly
27th January 2025 Over the course of the next month, African nations representing almost three-quarters of the continent’s gross domestic product are set to stake... →
Trump moves likely inflationary for South Africa, FirstRand CEO says
24th January 2025 Tariffs proposed by US President Donald Trump will likely have an inflationary impact on South Africa, according to the chief executive officer of... →
South African coal, metal exporters to spend billions fixing rail
24th January 2025 South African coal and iron-ore exporters aim to sign agreements with state-owned logistics company Transnet next month that could pave the way for... →
One by one, world leaders in Davos fall in line in Trump era
23rd January 2025 He’s not showing up in person, and his video address will come as the World Economic Forum is already winding down. But Donald Trump is still what... →
Steel mogul Mittal, South African ministers meet on mill closures
22nd January 2025 Indian steelmaking tycoon Lakshmi Mittal met with South African ministers in Davos this week as the country seeks to head off the planned closure... →
Sasol plots new route to emission goal after refocusing on coal
22nd January 2025 Sasol CEO Simon Baloyi is seeking a new path for South Africa’s second-largest polluter to reach its emissions target after doubling down on coal... →
South Africa’s Kganyago warns US policies may slow disinflation
21st January 2025 South African central bank Governor Lesetja Kganyago warned that US protectionist policies may derail future interest-rate cuts by central banks if... →
Steel cuts threaten South Africa’s $257bn building drive
21st January 2025 Billionaire-backed ArcelorMittal South Africa’s (AMSA's) plans to shut down a century-old steel mill in South Africa are holding President Cyril... →
Netanyahu says Israel-Hamas deal to pause Gaza war is approved
17th January 2025 Israel’s Prime Minister Benjamin Netanyahu said an agreement with Hamas to pause the war in Gaza has been finalized, suggesting it’s on track to... →
World Bank sets terms for Africa to win $40bn in power finance
17th January 2025 The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the... →
South Africa sees talks averting ArcelorMittal plant closures
16th January 2025 South African officials are working to prevent the closure of some steel mills operated by the local unit of ArcelorMittal SA this month, Trade... →
Investors go all in on Ramaphosa pledge to rebuild South Africa
16th January 2025 On South Africa’s busiest freight corridor, men and a handful of women decked out in blue overalls, hard hats and reflector jackets transform the... →
Traders see South Africa cutting interest rates once in 2025
14th January 2025 Traders scaled back their bets for South Africa’s interest rate cuts this year, with markets now pricing in only one as they decipher the Federal... →
Sasol fire heightens South Africa’s dependence on fuel imports
14th January 2025 A fire that shut Sasol’s Natref oil refinery leaves South Africa with only one crude-processing plant running, highlighting a growing reliance on... →
Congo President replaces finance minister in cabinet reshuffle
14th January 2025 Republic of Congo President Denis Sassou Nguesso replaced the nation’s finance minister in a cabinet reshuffle, after a squeeze on state finances... →
Eskom’s hard-won recovery tested by cities owing billions
13th January 2025 A turnaround in the finances of South Africa’s Eskom Holdings has won praise from investors but they are keeping their eyes on one issue — the... →
