The Rand has been hit hard by the defunding of federal support by US President Donald J. Trump since Friday 7th of March. Washington has cut all aid to South Africa. However, the American Dollar weakened after data revealed that the U.S economy added fewer jobs than anticipated last month. The Rand was trading at […]
The Budget Speech faces Fiasco Concerning Jobs at Eskom and Oil Price increase Read More »
The African Continental Free Trade Agreement (AfCFTA) is in full swing. Implementation of the agreement offers South African business people unlimited opportunities to grow their businesses and expand their markets into the rest of Africa. South Africa’s centres of commerce such as Cape Town, Johannesburg and eThekwini (Durban) need to learn the new ropes concerning
South Africa is taking first steps to integrating with Africa Industrialisation Read More »
It was recorded in 2024, the previous year that Durban enjoyed an increase in over 70k jobs. This is the lowest unemployment rate among South Africa’s metros, recording a significant drop in unemployment. Durban’s data shows it has the highest employment rate and lowest unemployment among the country’s major metros. According to the latest Quarterly
eThekwini at its height in Employment Growth ahead of the nation Read More »
For the first time in South Africa’s history, in an unprecedented move by the government of President Cyril Ramaphosa not seen since the dawn of Democracy the Budget speech has been postponed. The joint session of Parliament in the City Hall of Cape Town was in uproar. They were left reeling from the postponement with
Budget Speech Delayed in Unprecedented Move Shockwaves Radiate Read More »
Finance Minister Enoch Godongwana is going to have a difficult week ahead. It will depend on how he balances the government’s budget for the year to the rest of South Africa’s economic interests. At risk of a tax on sugar that those involved in that industry say will kill jobs. These Agriculture workers want the
Outrage Ahead of Finance Minister s Budget Speech Taxes Could Increase Read More »
Durban North area is going to receive a make over from the combined efforts of NGO EnviroFixers and local business. An island on Kelvin Place in Durban North was given an incredible transformation, by the Durban North Conservancy and eThekwini-based Dykes van Heerden (DVH). It is all part of the Adopt-A-Spot programme offered by the
New Hope for Durban as Great opportunities created for Environment and Investments Read More »
South Africa finds itself in a tight spot with United States President Donald J. Trump. Trump has passed a controversial executive order last week titled “Egregious Actions of the Republic of South Africa”. The order referred to the Land Expropriation Act signed by President Cyril Ramaphosa over two weeks ago. Trump’s Executive Order calls the
South Africa’s Business Relations with United States Take Sour Turn Read More »
South Africa, the government of President Cyril Ramaphosa and the Rand have hit a significant obstacle to economic recovery and growth since inflation: United States President Donald Trump. Trump threatened to cut funding to the country due to his concerns over the recently legislated Land Expropriation Bill. The threat to severe all ties with South
Trump Accelerates Severing Trade Ties with South Africa Read More »
In an address on the side lines of the World Economic Forum (WEF) in Davos, Switzerland President Cyril Ramaphosa said South Africa was undergoing a “fundamental transformation”. The country seeks to accelerate inclusive economic growth. The President was delivering his speech at the South Africa World Economic Forum (WEF), held at the Garden Hall in
Traders had to scale back on their speculation for South Africa’s interest rates this year. The markets are now pricing in only one as they decipher the Federal Reserve’s preference to move slower on rates and United States president-elect Donald Trump’s intentions on imposing tariffs. South African Reserve Bank Governor Lesetja Kganyago has repeatedly said