insert_link South Africa ActionSA challenges GNU to break the ANC’s reliance on failing economic policies ActionSA has challenged the government of national unity partners to break the ANC’s reliance on failing economic policies. ActionSA's Alan Beesley says South Africa’s economy remains far below emerging market averages, while unemployment remains at 41.9-percent. today5 March, 2025
insert_link South Africa South African Local Government Association Proposes Zero-VAT on Water and Electricity South Africa's Local Government Association has proposed the zero-VAT-rating of essential items like water and electricity. SALGA's Sabelo Gwala says taxing luxury goods will increase government revenue, suggesting a staggered VAT approach. This comes ahead of Finance minister Enoch Godongwana’s revised budget next Wednesday following disagreements over a potential VAT increase. Gwala warns that a blanket VAT hike would have severe consequences: today5 March, 2025
insert_link Business / Economics 28 February 2025, Morning Biz News: Businesses Face Blacklisting, SA Inflation Rises, MTN Gains in Nigeria, UK Business Confidence Rebounds Local Businesses Face Blacklisting Over Non-Compliance The Business and Intellectual Property Authority (BIPA) has issued a stark warning to registered entities in Namibia, cautioning that a majority risk blacklisting for failing to comply with the country's beneficial ownership law. According to The Brief, only 84,000 out of 229,000 registered businesses have submitted the required information, leaving 145,000 entities vulnerable to severe penalties. This crackdown aims to enhance financial transparency and […] today28 February, 2025
insert_link South Africa In South Africa, SARS Commissioner urges Strengthening Tax Collection, Not Hikes South African Revenue Service Commissioner, says raising tax revenue should start with strengthening collection capacity, and not hiking taxes. Edward Kieswetter addressed a panel discussion at a G20 Finance Trackside event in Cape Town on Wednesday. Last week, Godongwana was unable to table the national budget, over disagreements within the government of national unity on a proposed two-percent value-added tax hike. today27 February, 2025
insert_link Business / Economics Morning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […] today25 February, 2025
insert_link South Africa BOSA in S.A says Budget Delay Shows Chaos in Unity Government Build One South Africa says the postponement of Finance minister Enoch Godongwana’s budget speech on Wednesday, demonstrated the chaos within the government of national unity. The budget was postponed for the first time since 1994 after cabinet members pushed back against a proposed two-percent value-added-tax hike. BOSA’s spokesperson, Roger Solomons, says the government has put the economy in jeopardy and transparency and clarity are now needed: Meanwhile, the unprecedented […] today20 February, 2025
insert_link Business / Economics In S.A, the ANC welcomes Reserve Bank’s decision to cut the repo rate In S.A, the ANC has welcomed the South African Reserve Bank’s decision to cut the repo rate by 25 basis points, bringing the prime lending rate down to eleven-percent. The decision was split, with two of the six monetary policy committee members voting for an unchanged rate. The ANC’s spokesperson, Mahlengi Bhengu-Motsiri, says this much-needed adjustment provides relief to South African households and businesses struggling with high borrowing costs: […] today31 January, 2025
insert_link Business / Economics SA Reserve Bank eyes third consecutive rate cut The South African Reserve Bank (SARB) is expected to lower the benchmark interest rate by 25 basis points to 7.5% on Thursday, marking the third consecutive rate cut. The decision, expected to be unanimous among the six-member monetary policy committee, comes as the central bank navigates economic uncertainty driven by global factors. Governor of the SARB, Lesetja Kganyago Governor Lesetja Kganyago will announce the […] today30 January, 2025
insert_link South Africa DA leader Steenhuisen Says Reconciliation Is Not About Forgetting the Past DA leader John Steenhuisen says reconciliation is not about forgetting the past or pretending it did not happen, but acknowledging it while celebrating the country's progress. Yesterday marked Reconciliation Day under the theme, Healing Historical Wounds and Forging New Futures. Steenhuisen says the formation of the government of national unity brings hope that inclusive economic growth and jobs can be achieved: Meanwhile....RISE Mzansi says the work of real nation-building […] today17 December, 2024
