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Finance Minister Enoch Godongwana

Budget may be tweaked further, Godongwana says 

By: Reuters     13th March 2025 South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to... 

Ben Magara

Seasoned campaigner Ben Magara to assume Exxaro CEO role from April 1 

By: Martin Creamer     13th March 2025 Mining veteran Bennetor (Ben) Magara has been appointed as the new incoming CEO of Exxaro Resources, effective from April 1. Magara, a mining... 

Transnet urged to use Budget Facility for Infrastructure to fund project partnerships

Transnet urged to use Budget Facility for Infrastructure to fund project partnerships

By: Terence Creamer     12th March 2025 While Finance Minister Enoch Godongwana said that additional guarantees will be considered to refinance Transnet’s maturing debt and its capital... 

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Powerlines

New credit guarantee vehicle to derisk grid projects to be launched in 2026

By: Terence Creamer     12th March 2025 A credit guarantee vehicle to mobilise private sector capital by derisking projects will be launched in 2026, Finance Minister Enoch Godongwana... 

G20 logo

South Africa forms G20 panel to address ballooning African debt 

By: Bloomberg     12th March 2025 South Africa established an expert panel to address issues in Africa during the country’s chairmanship of the Group of 20 economies, including the... 

DA leader John Steenhuisen

Political parties reject Godongwana’s Budget 

By: Thabi Shomolekae     12th March 2025 Opposition parties have rejected Finance Minister Enoch Godongwana’s Budget speech, with Government of National Unity (GNU) partner the Democratic... 

NUM member wearing t-shirt

NUM worried about ‘possible bloodbath of job losses’ on multiple fronts

By: Darren Parker     12th March 2025 The National Union of Mineworkers (NUM) is worried about a “possible bloodbath of job losses” across multiple sectors, including steel,... 

African Rainbow Minerals executive: growth and strategic development in the executive chairperson’s office Mike Schmidt.

‘Very promising’ narrow-reef boring technology nearing rollout stage, ARM reports 

By: Martin Creamer     12th March 2025 The rollout of new narrow-reef boring technology, which has the potential to boost platinum group metal (PGM) grades, lower unit costs, enhance... 

Seizure of 155 illegal firearms welcome but more intelligence-led operations urged – Ian Cameron 

By: Thabi Shomolekae     12th March 2025 Parliament’s Portfolio Committee on Police chairperson Ian Cameron said on Wednesday that the 155 illegal firearms seized by the South African... 

Mobile phone

South Africa to remove luxury duty on lower value smartphones

By: Reuters     12th March 2025 South Africa's government has proposed to remove the luxury excise duty on smartphones worth below R2 500 from April 1 to support digital adoption... 

Dollar and Euro

Dollar struggles to lift off lows as global trade war ramps up

By: Reuters     12th March 2025 The dollar struggled to lift off a five-month low against other major currencies on Wednesday, as traders digested tit-for-tat US-EU tariffs and a... 

Zimbabwe flag

Zimbabwe market regulator orders firms to report earnings in ZiG

By: Bloomberg     12th March 2025 Zimbabwe’s stock market regulator has ordered companies to report earnings in the local gold-backed currency, with immediate effect. The... 

Finance Minister Enoch Godongwana

Lower VAT hikes in delayed Budget not enough to secure full GNU backing  

By: Terence Creamer     12th March 2025 Finance Minister Enoch Godongwana tabled his delayed Budget on Wednesday that included lower, yet still controversial, increases to the value-added... 

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