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 Business / Economics In S.A, COPE Urges Godongwana to Prioritize Economic Growth in Budget To South Africa now, where the Congress of the People is calling on Finance minister, Enoch Godongwana, to deliver a budget that prioritises heightened economic growth. COPE’s, Pake Dikgetsi, says they are warning that austerity measures targeting social services, while billions are lost to corruption will push the country further into a crisis Meanwhile, the GOOD Party Secretary-general, Brett Herron, says as things stand, around 18-million South Africans are poor […] today19 February, 2025
insert_link South Africa S.A Union COSATU Concerned Over U.S. Tariff Threat S.A union Cosatu says it is deeply worried by the United States president Donald Trump’s announcement of pending tariffs on South African and other nations’ exports. Cosatu’s spokesperson, Matthew Parks says this threatens thousands of South African jobs in many sectors, including agriculture, mining, jewellery, chemicals, automotive, and clothing. He says with a 41.9-percent unemployment rate, South Africa cannot afford further job losses: today15 February, 2025
insert_link South Africa South Africa’s says it cannot yet determine its stance on a common BRICS currency South Africa's Deputy president Paul Mashatile says his country cannot yet determine its stance on a common BRICS currency. Highlighting the country’s reliance on the US dollar, Mashatile emphasised the need for caution in trade decisions. He noted that while discussions continue, South Africa must prioritise its economic stability before committing to such significant shifts: today22 January, 2025
insert_link South Africa S.A. Minister Meth to Meet ArcelorMittal Management Over Potential Shutdown South Africa's Minister of Employment and Labour, Nomakhosazana Meth, is set to meet ArcelorMittal South Africa management at their Vanderbijlpark plant today to address the potential shutdown of operations in KwaZulu-Natal and Gauteng. Ministry spokesperson Thobeka Magcai, says the meeting seeks urgent solutions to mitigate the economic fallout: today17 January, 2025
insert_link Business / Economics 09 January 2025 Morning Biz News: Namibian Stock Performance, South Africa’s Economic Challenges, and Global Financial Updates In the latest financial news, Letshego Holdings Namibia has emerged as the leader on the Namibian Stock Exchange for 2024, posting an impressive total return of 49.2%. This performance, based on the most recent figures, showcases Letshego’s strong position in the market. Nictus Holdings secured second place with a return of 30.4%, while Capricorn Group followed closely with a return of 24.7%. Meanwhile, in neighboring South Africa, the manufacturing […] today9 January, 2025
insert_link South Africa Mashatile Urges Chinese Enterprises to Boost Investment in South Africa South Africa's Deputy president Paul Mashatile has encouraged Chinese-funded enterprises in his country to increase their investments in crucial sectors of the economy. Total bilateral trade increased from 614-billion-rand in 2022 to 692-billion-rand in 2023, while China’s 146-billion-rand deficits remained the highest among any of the country’s trading partners. Speaking at the South Africa-China Economic Trade and Association event in Johannesburg yesterday, Mashatile said China as one of the world’s […] today12 December, 2024
insert_link South Africa South Africa’s manufacturing production rose by 0.8-percent in October South Africa's manufacturing production rose by 0.8-percent in October, with the biggest growth in the petroleum, chemicals, and food sectors. However, the motor vehicle sector dropped by 16.6-percent. Statistics South Africa’s Nicolai Claassen says manufacturing sales went up by 2.3-percent from September, but fell by 1.2-percent over the last three months: today11 December, 2024
insert_link South Africa South Africa’s President calls for unified efforts to boost the economy South Africa's President Cyril Ramaphosa called for unified efforts across all levels of government to boost the economy. In his address to Mpumalanga's provincial executive, he emphasised the importance of cooperation, collaboration, and effective planning to drive inclusive economic growth. Ramaphosa says aligning strategies and collaborating will promote inclusive growth, create jobs, and ensure economic benefits reach all South Africans: today11 December, 2024
