insert_link South Africa Why SA’s spending boom isn’t what it seems South African consumers remain under financial strain, despite data that may suggest a rebound in spending, according to a new strategy research report by Simonis Storm Securities, a 100% Namibian-owned stockbroker and wealth management company. Titled “The Illusion of Rebound: Underneath the Spend, the Strain Persists”, the May 2025 report indicates that a year-to-date consumer spend increase of just 0.6% year-on-year is being misinterpreted as economic recovery. When compared to […] today20 May, 2025
insert_link Business / Economics South Africa faces R800 billion debt repayment challenge South Africa’s Finance Minister Enoch Godongwana (Reuters/Shelley Christians) South Africa could face a financial challenge as debt servicing costs are projected to consume up to 30% of the country’s tax revenue by 2030, according to the International Monetary Fund (IMF). The IMF estimates that South Africa may need to spend as much as R800 billion on debt repayments within the next seven years, exposing a growing strain on the country's […] today19 May, 2025
insert_link South Africa South Africa’s Constitutional Court strikes down dual citizenship restriction In a landmark ruling, South Africa’s Constitutional Court has declared Section 6(1)(a) of the Citizenship Act unconstitutional, a provision that had automatically stripped citizens of their nationality if they acquired another citizenship without prior permission. The ruling, delivered on May 6, 2025, restores citizenship to thousands of South Africans who lost it under the now-invalidated clause. The Democratic Alliance (DA), which initiated the legal challenge, hailed the judgment as a […] today7 May, 2025
insert_link South Africa MK Party calls for judicial transparency In a bold move that has stirred significant debate within South Africa's legal and political spheres, the uMkhonto weSizwe (MK) Party has called for immediate lifestyle audits and mandatory asset declarations for all members of the judiciary. The party argues that such measures are essential to ensure transparency and accountability within the judicial system. "The country cannot afford to have a judiciary that is shielded from the same […] today7 May, 2025
insert_link Business / Economics Business Leadership SA says only way forward is to reduce state expenditure BLSA CEO Busisiwe Mavuso at a press conference As South Africa awaits Finance Minister Enoch Godongwana’s re-tabling of the national budget on 21 May 2025, Business Leadership South Africa (BLSA) has urged the government to make bold economic decisions that stimulate growth and enable sustainable public spending. According to eNCA, BLSA CEO Busisiwe Mavuso said the government must show “political courage” by making difficult and potentially unpopular spending cuts, particularly […] today6 May, 2025
insert_link South Africa Firefighters battle to contain Table Mountain wildfire Photo Credit: Image courtesy of SABC Firefighters continue to battle a wildfire burning in the central and southern sections of Table Mountain National Park. Approximately 250 personnel from multiple agencies have been working tirelessly throughout the night to contain the blaze. The fire remains uncontained and is now dangerously close to Boyes Drive, above St James and Kalk Bay. SANParks spokesperson JP Louw stated that firefighters are focusing on […] today28 April, 2025
insert_link Namibia South Africa faces trade fallout with U.S. “He wants access to our markets but refuses to abide by Broad-Based Black Economic Empowerment (BBBEE) policies.” WINDHOEK, March 12 - Diplomatic tensions between South Africa and the United States have intensified following President Cyril Ramaphosa's decision to sign the controversial Expropriation Act into law. The move has received strong opposition from Washington, with the Trump administration responding by cutting aid and accusing Pretoria of discrimination against Afrikaner farmers. News24 […] today12 March, 2025
insert_link South Africa ActionSA Demands Transparency on Ithala Bank Loans ActionSA is demanding transparency from KwaZulu-Natal's Ithala bank over outstanding loans granted to politically exposed individuals. The party is concerned that taxpayer funds may have been misused to benefit politicians and their associates, including the chairperson of Parliament’s portfolio committee on Cooperative Governance and Traditional Affairs, Zweli Mkhize, and his family. ActionSA’s Alan Beesley says reports indicate that Ithala is commercially and technically insolvent, with 2.2-billion-rand in loans, but only […] today7 March, 2025
insert_link South Africa ATM Condemns Mchunu’s Non-Disclosure of Phala Phala Report in S.A In S.A, the African Transformation Movement has condemned Mchunu's nondisclosure of the Independent Police Investigative Directorate report on the Phala Phala saga. ATM spokesperson Zama Ntshona argues that this move shields president Cyril Ramaphosa from scrutiny, undermines transparency, and raises concerns about the misuse of state resources. He calls for Mchunu to declassify the report immediately to ensure accountability and justice: today6 March, 2025
