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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

South African Economy

10 Results / Page 1 of 2

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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 […]

todayDecember 12, 2024 17

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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:  

todayDecember 11, 2024 14

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South Africa

AfriForum Challenges Eskom’s Tariff Hike Proposal

In S.A, AfriForum has opposed Eskom's proposed 36.15-percent power tariff hike at Gauteng's public consultation today. AfriForum's Morné Mostert emphasised that consumers, particularly low-income households, cannot bear the burden of Eskom's mismanagement. Mostert confirms that AfriForum has submitted a petition to further challenge the increase:  

todayDecember 5, 2024 12

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Business / Economics

Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy:  

todayDecember 4, 2024 13

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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:  

todayDecember 4, 2024 14

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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:  

todayDecember 2, 2024 15

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South Africa

South Africa’s Deputy President Outlines Steps to Boost Foreign Investment and Economic Reform

South Africa's Deputy president Paul Mashatile says the government has implemented several steps to stimulate foreign investment including simple tax rules, and a competitive regulatory framework. He answered questions in the National Assembly yesterday on a range of issues including the economy, the water crisis, and challenges in municipalities. Mashatile says the government of national unity intends to continue with fundamental economic reform and improve the business operating environment:  

todayNovember 1, 2024 17

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South Africa

Cosatu Expresses Disappointment with S.A’s Treasury’s Economic Strategies

  S.A union, Cosatu says it remains underwhelmed and disappointed by the Treasury’s continued approach to tackling South Africa’s deep-seated economic and governance crises. The union federation was responding to the Medium-Term Budget Policy Statement. Cosatu’s, Matthew Parks, says the fundamental challenges facing the nation are a stagnant economy and a rising unemployment rate of 42.6-percent:  

todayOctober 31, 2024 23

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