CAPE TOWN

S.A Reserve Bank Governor Warns of Inflation Risks

South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […]

26 February, 2025 48

South Africa

SA to Prioritize Development Financing in G20 Presidency

South Africa's National Treasury Director-General, Duncan Pieterse, says South Africa will use its G20 Presidency to address financing for development and tackle barriers to growth in developing countries. The Finance and Central Bank Deputies' meeting is taking place in Cape Town this week. The G20 members represent about 85-percent of the world’s gross domestic product and 75-percent of international trade. Pieterse says South Africa has signalled a strong intent to […]

25 February, 2025 33

Business / Economics

SA to Host G20 Finance Track Meetings in Cape Town

To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […]

24 February, 2025 45

Africa

In S.A, struggle stalwart calls for boycott of all goods to and from Israel

In S.A, struggle stalwart Frank Chikane has called for a boycott of all goods to and from Israel. Speaking at a Palestine Solidarity Campaign rally in Cape Town, he condemned US presidents Donald Trump's stance of forced relocation of Palestinians from Gaza, and called for accountability for what he termed genocide. Chikane urged global action to dismantle what he describes as Israel’s apartheid regime:

24 February, 2025 35

South Africa

Ramaphosa says South Africa will not be bullied by U.S

President Cyril Ramaphosa says South Africa will not be bullied and will stand up for its national interests and sovereignty. Delivering the state of the nation address in Cape Town on last night, Ramaphosa said the government is concerned about the potential impact of the decision by the US government to suspend some of its funding for HIV and TB programmes in African countries:

7 February, 2025 41

South Africa

S.A’s Mashatile Says Land Expropriation Act Key to Economic Inclusion

S.A's Deputy president Paul Mashatile says the Land Expropriation Act will ensure that economic inclusion, food security, social cohesion, inclusive spatial patterns, and rural development, are achieved. This is as US president Donald Trump plans to cut all future funding to South Africa, citing the country’s land expropriation policies. Addressing the South African Local Government Association’s National Executive Committee Lekgotla in Cape Town on Tuesday, Mashatile emphasised the importance of […]

5 February, 2025 39

South Africa

S.A Minister suggests Africa should retaliate against US funding cuts

S.A's Mineral Resources minister Gwede Mantashe has suggested Africa should retaliate against US funding cuts by withholding minerals. This follows president Donald Trump’s announcement to cut funding over South Africa’s land expropriation policy. Speaking at the 2025 Mining Indaba in Cape Town, Mantashe criticised the US for taking African resources.

4 February, 2025 46

South Africa

ANCYL President Engages Ndlozi Post-Resignation

ANC Youth League president Collen Malatji has revealed he has been in contact with former EFF member of parliament, Mbuyiseni Ndlozi, following his resignation from Parliament. Ndlozi remains an ordinary member of the Orange Farm EFF branch. Speaking at the Progressive Business Forum Presidential Golf Day in Cape Town, Malatji did not disclose details of their discussions:

10 January, 2025 15

South Africa

South Africa’s Police Minister Welcomes Arrest of Final Suspect in Lusikisiki Mass Shooting

South Africa's Police minister Senzo Mchunu has welcomed the arrest and court appearance of the final suspect in the Lusikisiki mass shooting, which claimed 18 lives. Twenty-year-old Songezo Vuma was arrested on a bus in King William's Town which was heading to Cape Town on Sunday. He is facing 18 charges of murder, along with possession of an unlicensed firearm and ammunition charges. Police ministry’s spokesperson, Kamogelo Mogotsi, says […]

8 January, 2025 28