SA Reserve Bank keeps repo rate unchanged
The GDP improved by some 0.8% in the second quarter.
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Inflation in South Africa sky-rockets to 10-month high
Headline consumer price inflation in South Africa rose to 3.5% in July from 3.0% in June, reaching its highest level since September 2024 due to rising food and fuel prices.
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Women vs men net worth gap in South Africa: Here’s what the data shows
A new study shows that women in South Africa have a net worth about 35% lower than men, with men holding more valuable assets and more diversified wealth.
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South Africa lays out plans to soften the blow on 30% tariff
South African businesses are feeling the impact of the new 30% tariff imposed by the United States, and the government has introduced a multi-part plan to protect local industries and jobs.
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Government welcomes reduction in repo rate
Addressing a media briefing on the MPC’s decision on the repo rate, SARB Governor Lesetja Kganyago said the decision to reduce the policy rate was unanimous.
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Repo rate announcement expected this week: Will it remain unchanged? – Here’s what the numbers say
South Africa’s Reserve Bank is expected to announce its latest repo rate decision this week, with current inflation and unemployment data providing key indicators.
Lifestyle
New survey indicates South Africa’s middle-class is struggling to survive
DebtBusters’ Q1 2025 report shows South Africa’s middle-class is cutting back on essentials like food and transport to manage debt and survive rising costs.
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Digital Transformation Roadmap to make it easier to access government services
The roadmap will be implemented as part of Operation Vulindlela Phase ll, as it focuses on implementing reforms in three new areas, including in digital transformation.
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Transformation Fund to drive inclusive economic growth
The Deputy President moved to recognise the involvement of the private sector in co-funding the initiative.
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Rating agencies don’t treat the Global South fairly: changes South Africa should champion in G20 hot seat
The major credit rating agencies exist to opine on the likelihood that a debtor (say, a country) will repay their creditors on time and in full.
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Consumer inflation stabilised at 3.2% in February 2025: Here’s what this actually means
South Africa’s consumer inflation remained at 3.2% in February, with food and medical costs rising. Here’s what that means for consumers.
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Godongwana adds new items to the zero-rated food basket
Finance Minister Enoch Godongwana has expanded the zero-rated food basket, frozen fuel levies, and confirmed a VAT hike—here’s what it means for South Africans.
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Here’s every crucial takeaway from the 2025 Budget Speech you must know about
Finance Minister Enoch Godongwana finally delivered the 2025 Budget Speech, announcing a VAT hike, spending priorities, and economic forecasts. Here’s everything you need to know.
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Budget Speech 2025: What to expect, how to watch live in South Africa
After last month’s failed budget, Finance Minister Enoch Godongwana delivers his revised 2025 Budget Speech today. Here’s what to expect and how to watch live.
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South Africa’s GDP increased 0.6% in Quarter 4 of 2024
South Africa’s gross domestic product (GDP) increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024. This is according to Statistics South Africa (Stats SA), which attributed the growth to, among others, an increase by 17.2% in the agriculture, forestry and fishing industry, which contributed
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Budget Speech faces new uphill battle as GNU at odds over ‘wealth tax’
South Africa’s Cabinet has rejected Enoch Godongwana’s revised Budget over tax disagreements, deepening the standoff within the GNU.
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South Africa’s latest unemployment rate unpacked: Here’s what you must know
The Western Cape has contributed the most jobs, with an increase of 62,000 positions.
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Private sector taunted about DTI’s R100bn black transformation fund
Critics, including the Democratic Alliance, argue that the fund risks becoming a mismanaged “slush fund.”
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South Africa’s Global Minimum Tax law: What it means for businesses and the economy
Economically, the Global Minimum Tax Act is expected to bolster South Africa’s tax revenues by curbing aggressive tax avoidance strategies.
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South Africa’s GDP declined 0.3% in Q3:2024 – Here’s what it means
The contraction in GDP signals a continuation of challenges that have plagued South Africa’s economy for several years.
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SARB announces repo rate cut: Here’s what you must know
Kganyago’s announcement comes on the heels of an announcement by Statistics South Africa that inflation had dipped to 2.8% – its lowest since June 2020.
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Activists welcome Treasury’s proposed minimum alcohol price
National Treasury has proposed tax increases to reduce harmful drinking.
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South Africa’s consumer inflation drops to new low: Here’s what you must know
South Africa’s consumer inflation hit a new low at 2.8% in October 2024. Here’s what this means for the average household.
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Hlabisa gazettes standard draft by-law to empower township economies
The department said the regulation also supports businesses with tailored resources, including permit registration processes and designated trading spaces, ensuring streamlined operations within municipal jurisdictions.
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Govt commits to investing in critical industries for job creation
This is according to Deputy President Paul Mashatile, who responded to questions in the National Council of Provinces (NCOP) relating to several critical issues impacting South Africa’s township and rural economies.
Lifestyle
2024 Black Friday in South Africa: Here’s what to expect
Black Friday 2024 in South Africa promises major discounts on electronics, home essentials, and DIY supplies. Here’s what consumers can expect this year.
Lifestyle
South Africa’s rental market struggles as vacancy rates spike
South Africa’s rental vacancy rates surged to 6.72% in Q2 2024. What does this mean for landlords and tenants? Read on for a detailed analysis of the TPN Residential Vacancy Survey and the rental market implications.
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Consumer price inflation dropped in September 2024: Here’s what it means
Statistics South Africa’s latest report reveals a drop in consumer price inflation to 3.8% in September 2024.
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South Africa’s economy grew 0.4% in the second quarter of 2024 – Stats SA
South Africa’s economy grew by 0.4% in the second quarter of 2024, driven by finance, trade, and manufacturing sectors, according to Stats SA.
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South Africa consumer inflation drops to 4.6% – Here’s how this impacts your life
A lower inflation rate means that the prices of goods and services are not increasing as quickly, which can have several positive effects on everyday life.