Business

Act two of Finance Minister Enoch Godongwana’s budget proposals took place yesterday. Both houses of Parliament convened in separate sittings to consider voting on the fiscal framework and revenue proposals for this year’s budget speech. The framework serves as the blueprint for how South Africa plans to raise revenue, spend money and manage the country’s […]

eThekwini Municipality’s R 70.9 billion proposed 2025/26 Medium Term Revenue and Expenditure Framework (MTREF) Budget has come under the scrutinizing analysis of concerned ratepayer associations. The proposed MTREF budget was approved by the Executive Committee (EXCO) last week Friday. Key adjustments for the 2025/26 financial year included: Assessment Rates: The increase was reduced from 6.5%

President Cyril Ramaphosa is in Washington from Wednesday, yesterday, meeting with United States President Donald Trump to resolve significant differences of varying degrees in relations between South Africa and the US. Ramaphosa who is taking a large delegation of ministers and advisors, is aiming to make a new trade agreement with Trump. Ramaphosa hopes to

President Cyril Ramaphosa’s office confirmed that he would be meeting with U.S. President Donald Trump this week following days of speculation by the media. The South African Rand is currently edging up against a weaker Dollar in early trade on Thursday yesterday. At 0622GMT, the Rand traded at 18.22 against the dollar, about 0.3 %

Delegates from across Africa have gathered in Durban for Africa’s Travel Indaba officially commenced at the Durban International Convention Centre (ICC). This year’s event was graced by high-profile figures, including Deputy President Paul Mashatile, the Minister of Tourism Patricia De Lille, KwaZulu Natal Premier Thami Ntuli, and the province’s MEC for Economic Development Reverend Musa

President Cyril Ramaphosa has met with Ukrainian President Volodymyr Zelensky over two weeks ago to express hope of peace between Russia and Ukraine. Ramaphosa says that South Africa is deeply concerned about the ongoing conflict in Ukraine and believes the only path to peace is through diplomacy. Talks had come on the heels of Russia

Finance Minister Enoch Gondongwana has found himself in a right muddle of things. The minister will soon implement measures to reverse the nation-wide planned vat increase of 0.5 percentage points. The value-added tax (VAT) increase was set to begin on 1 May 2025. However, it faced fierce resistance, including legal cases from the Democratic Alliance

South Africa as a member of BRICS must utilise its role in the organization to have an equal footing with the United States to strike a fair free-trade agreement. This was according to BRICS Business Council member Stavros Nicolaou who said in statement. South Africa stands at the Geographic Cross Roads of the world. According