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
An offer of R120 per share in South Africa’s Barloworld Ltd. have been made by a unit of Saudi Arabia’s Zahid Group. A group of companies that includes Falcon holding Ltd. – which Zahid wholly owns – and Entsha Ltd., an entity linked to Barloworld Chief Executive Officer Dominic Sewela has made the offer of
South Africa’s Gross Domestic Product (GDP) figures have been reported to have dropped below expectations. This means the national economy is seeing a quarter-on-quarter decline. According to Stats SA, South Africa’s GDP decreased by 0.3 % in Q3 2024. This was followed by the same increase (0.3 %) in the second quarter of the year.
There has been a decline in GDP But employment has increased Read More »
The KwaZulu-Natal South Coast is set to solidify its reputation as a premier tourism destination with a R6 million upgrade to the iconic KwaXolo Caves. The project, spearheaded to boost rural tourism and create local jobs, underscores the region’s commitment to integrating rural communities into the mainstream economy. Known for their ancient San artwork and
Rural Tourism Takes Flight with R6 Million KwaXolo Caves Renovation Read More »