April 16, 2026 South Africa’s economic growth rose in March despite the overall impact of the United States-Iran war, though the nation still faces obstacles. According to the PayInc Economic Index, economic activity increased by 0.9% on a monthly basis, reaching an index level of 104.7 in March, said Shergeran Naidoo, Head of Stakeholder Engagements […]
April 9, 2026 South African Revenue Service (SARS) Commissioner-designate Dr. Ngobane Johnstone Makhubu stated in an official announcement that the R3 per litre fuel tax relief granted to South African consumers in April will need to be repaid in one form or another. Speaking at an introductory briefing on his appointment as the new SARS
SARS to subsidize Petrol Prices at Tax Payers’ Expense and SA Businesses Rebound Read More »
April 3, 2026 As war continues in oil-rich regions of the world, including Russia and the Middle East, South Africans are bracing for a sharp spike in fuel costs that began on Wednesday. Petrol and oil prices are set to soar, placing even greater strain on already stretched household budgets. Addressing delegates at the ANC
April 1, 2026 European nations such as Italy, France, and Spain are turning to Algeria for oil and gas exports due to the United States–Israeli-led war against Iran, which has disrupted global gas markets. As a result, European economies are focused on diversifying their energy supplies, according to the Syrian Arab News Agency. Euronews reported
March 30, 2026 WRAP | Why Ramaphosa will not attend the G7 Summit In a surprise twist for South Africa, President Cyril Ramaphosa will not attend the 2026 Group of Seven (G7) Summit in Paris, France. French Foreign Affairs Minister Jean-Noël Barrot announced that his country would invite Kenya instead, as part of a “streamlined”
France in Denial over Ramaphosa Snub for G 7 Summit inviting Kenya Instead Read More »
March 27, 2026 The 2026 Fiscal Framework and Revenue Proposals were tabled before both houses of Parliament in Cape Town, with the full approval of the Government of National Unity (GNU). However, the fiscal legislation, which faced debate in the National Assembly and the National Council of Provinces (NCOP) on Tuesday, was met with critical
March 26, 2026 South African consumers must brace themselves as the global growth and inflation outlook faces major implications from rising petroleum, oil, and other fuel prices, with food prices expected to follow. This week has witnessed a further escalation of the conflict that could become the third Gulf War, with heavy strikes on oil
Rand takes a hit as Oil Prices Soar while Banks Prepare to Cushion the Blow Read More »
March 17, 2026 Could a war in the Middle East really make food more expensive in South Africa? As tensions escalate, the answer is increasingly yes. The global focus has been on oil prices and military developments, but a quieter and more dangerous disruption is unfolding beneath the surface. The conflict is beginning to affect
Oil, War and Food: The Chain Reaction That Could Hit South African Households Read More »
March 9, 2026 As tensions between Iran, Israel and the United States continue to escalate, another battle is quietly unfolding far above the frontlines. Airports across parts of the Middle East have faced disruptions, airspace restrictions have expanded, and airlines have been forced to reroute or cancel thousands of flights. What may appear to be
War in the Skies: How Middle East Airspace Disruptions Are Slowing the Global Economy Read More »
Finance Minister Enoch Godongwana stated in this year’s Budget Speech that the nation is finally seeing a shift after a decade of financial struggles, with debt now stabilizing for the first time in 17 years. Addressing Parliament, the minister said that South Africa is beginning to turn the corner. Over the past decade, the country
Finance Minister Expresses Positive Attitude Overall in 2026 Budget Speech Read More »