Fresh concerns have emerged over possible job losses in South Africa following the Federal Government’s approval of a new national minimum wage benchmark, a development that has reignited debate among …
Southern Africa
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AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
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AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
South African banking giants eye StanChart Botswana in fresh M&A push
Standard Chartered has initiated plans to sell its Botswana subsidiary, a move that has already drawn early interest from major regional lenders seeking to strengthen their footprint across Southern Africa. …
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AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
The ANC’s sudden embrace of South African business
In 2023, South Africa confronted what a senior minister in the ruling African National Congress described as the single greatest threat to the country since the end of apartheid — …
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AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
Swiss Private Bank Pictet Opens First African Office in South Africa
Swiss private bank, Banque Pictet & Cie SA, has officially launched its first office on the African continent, marking a historic expansion for the 220-year-old wealth manager as the number …
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South AfricaSouth Africa EconomySouthern Africa
NiDCOM Condemns Killing of Nigerian in South Africa, Demands Justice
The Chairman/Chief Executive Officer of the Nigerians in Diaspora Commission, Abike Dabiri‑Erewa, has condemned the killing of a 22-year-old Nigerian e-hailing driver, Isaac Satlet, in Pretoria, South Africa, calling for …
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AfricaAfrica EconomySouth AfricaSouth Africa EconomySouthern Africa
South African rand strengthens after Friday’s sharp decline
South Africa’s rand firmed on Monday, clawing back part of the heavy losses recorded in the previous trading session, as investors reassessed movements in global commodity prices and emerging market …
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South AfricaSouth Africa EconomySouthern Africa
Only 0.1% of companies pay 66% of all corporate income tax in South Africa
South Africa’s corporate tax system is resting on the shoulders of a remarkably small group of companies, with just 0.1 per cent of firms contributing more than two-thirds of all …
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AfricaAFRICA NEWSNewsSouth AfricaSouth Africa EconomySouthern Africa
Rand gains despite US warning on possible flight halt to South African airport
South Africa’s rand appreciated against the United States dollar on Wednesday as investors largely looked past mixed domestic economic indicators, even as reports emerged of a warning from US authorities …
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South AfricaSouth Africa EconomySouthern Africa
IMF lifts S’Africa growth outlook to 1.3% on power stability, reform gains
The International Monetary Fund (IMF) has revised upward its economic growth forecast for South Africa, citing improved resilience, easing power constraints and a gradual recovery in business confidence. In its …
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South AfricaSouth Africa EconomySouthern Africa
S’Africa may targets 3% inflation by 2026 as SARB signals room for rate cuts
South Africa may achieve its revised 3 per cent inflation target by 2026, as price pressures remain largely contained, Governor of the South African Reserve Bank (SARB), Mr Lesetja Kganyago, …