Business

France in Denial over Ramaphosa Snub for G 7 Summit inviting Kenya Instead

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” […]

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Parliament Adopts 2026 Fiscal Framework amid controversy and Human Rights Month Comes to an End

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

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Rand takes a hit as Oil Prices Soar while Banks Prepare to Cushion the Blow

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

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Oil, War and Food: The Chain Reaction That Could Hit South African Households

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

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War in the Skies: How Middle East Airspace Disruptions Are Slowing the Global Economy

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

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Finance Minister Expresses Positive Attitude Overall in 2026 Budget Speech

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

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After SONA President Ramaphosa Must Tackle Water Crisis and Economy

President Cyril Ramaphosa delivered his State of the Nation Address (SONA) on Thursday, 12 February 2026, at Cape Town City Hall. The aftermath received a mixed reception. At the forefront of concerns was the ongoing water crisis, linked to the destruction of water infrastructure, alongside issues surrounding economic growth and the challenges that accompany it.

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African Leaders and AfCFTA Secretariate Head attend World Economic Forum 2026 in Davos

The World Economic Forum (W.E.F.) 2026 in Davos, Switzerland is in full session, having started on January 19 and ending on January 23. Leaders from across politics and business have gathered at the summit to influence debates on current affairs and issues such as trade, energy, and investment. The Davos Congress Centre serves as the

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South Africa Zimbabwe Trade Zone Delayed for Ten Years Over Environmental Concerns

The Musina–Makhado Special Economic Zone (MMSEZ) is a special economic zone whose construction has been delayed by ten years. The Zimbabwe‑adjacent project was halted due to strong objections from environmental groups over the impact the industrial centre would have on the surrounding area. Project proponents have argued that the MMSEZ has potential as an inland

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