South Africa Archives - Page 32 of 81

Calls Grow In S.A for Minister Simelane’s Suspension

Defend Our Democracy South Africa calls for former Justice minister Thembi Simelane to be removed from her new role as minister of Human Settlements over fresh corruption allegations. The group’s executive director, Zaakirah Vadi, urges president Cyril Ramaphosa to suspend her pending the outcome of the investigation:

5 December, 2024

Business / Economics

Moody’s affirms South Africa’s Ba2 rating with a stable outlook

Moody's has affirmed South Africa's long-term debt ratings at "Ba2" with a stable outlook. The agency cited the country's strong institutions, like the judiciary and central bank, as credit strengths. However, persistent inequalities continue to hinder reforms and pose social risks, according to Moody's.

4 December, 2024

Business / Economics

FNB South Africa warns that today’s fuel price hike is a blow to holidaymakers

FNB South Africa warns that today’s fuel price hike, with 95-octane and 93-octane petrol increasing by 17-cents per litre and diesel by over 50-cents, is a blow to holidaymakers. The bank attributes the rise to a weaker rand, driven by global factors like the United States elections and higher international diesel prices. FNB senior economist Koketso Mano advises citizens to revise their fuel budgets:

4 December, 2024

South Africa

Ramaphosa Highlights G20 Presidency as Platform for Africa and Global South

S.A's President Cyril Ramaphosa says South Africa’s G20 presidency is a chance to advance global economic growth, sustainable development, and the needs of Africa and the Global South. The G20 leaders' summit will be hosted in Johannesburg in November next year, further solidifying South Africa's leadership role. Ramaphosa says the presidency aims to bring African priorities to the forefront while strengthening global partnerships for a better future:

4 December, 2024

Africa

BRICS nations would suffer under a 100 percent tariff from Trump

The economies of BRICS nations would be damaged should US president-elect Donald Trump impose a 100-percent tariff on the countries. This is according to Future Forex CEO, Harry Scherzer. Trump has threatened to impose the tariff if BRICS countries were to create a rival currency to the US dollar. Scherzer says the possibility that Trump sticks to his guns and does impose tariffs, would hamstring South Africa in […]

3 December, 2024

South Africa

SA expects over 6 million border crossings this festive season

South Africa’s Border Management Authority expects over six million border crossings this festive season. Commissioner Michael Masiapato said they plan to combat cross-border crime and illegal immigration while warning about potential gender-based violence at borders. Masiapato says Home Affairs has also extended operating hours at select ports to ease congestion.

2 December, 2024

Business / Economics

SA’s Ramaphosa responds to Donald Trump’s threats

South Africa’s President, Cyril Ramaphosa says the country will facilitate diplomatic talks with US president-elect Donald Trump, rather than engage in social media clashes over bilateral matters. This comes after Trump threatened to impose 100 percent tariffs on BRICS countries if they were to create a currency rival to the US dollar. Ramaphosa says the G20 presidency will see South Africa work closely with the US.

2 December, 2024

South Africa

SA Hawks confirm fatal Emalahleni shootout

Five alleged ATM bombers were fatally shot by police in Emalahleni, Mpumalanga, earlier today, with one other suspect sustaining injuries. Police spokesperson Katlego Mogale reported that a multi-disciplinary team was strategically stationed in Schoongezicht to monitor a white Toyota Hilux. When the targeted vehicle was seen leaving the area and officers attempted to intercept it, the suspects opened fire, resulting in a shootout.

2 December, 2024

Business / Economics

In S.A, Financial Stability Review Highlights Growing Strain on Households

S.A's Reserve Bank's latest Financial Stability Review reveals growing financial stress among households and small-to-medium enterprises. High interest rates, ageing global conflicts, infrastructure failures, and South Africa's graylist status contribute to the strain. Reserve Bank’s head of financial stability department Nicola Brink, says non-performing loans surged from 257-billion-rand in March 2023 to 304-billion-rand in July 2024:

2 December, 2024