The African National Congress (ANC) has come out strongly against the Democratic Alliance (DA) for taking legal action against the new Employment Equity Amendment Act, saying the move is against …
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EconomyGOVERNMENTInternational RelationsPoliticsSouth AfricaSouthern Africa
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EconomyMarketsPoliticsSouthern AfricaTrade and Commerce
South Africa’s Rand Falls Slightly as Investors Worry Over Tariffs and Political Tension
South Africa’s currency, the rand, started Thursday morning on the back foot, as global and local uncertainties kept investors cautious. By 6:35am GMT, the rand was trading at 18.8550 against …
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AFRICA NEWSEconomyPolicies
South Africa finance minister says dropping VAT hike would have severe consequences
South Africa’s Finance Minister, Enoch Godongwana, has warned that the country’s financial situation may get worse if plans to increase the value-added tax (VAT) rate from May are not allowed …
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EconomyFinance & ServicesGOVERNMENTPolitics
South Africa’s two biggest parties yet to reach pact on budget
South Africa’s two biggest political parties, the African National Congress (ANC) and the pro-business Democratic Alliance (DA), are still struggling to reach an agreement on the national budget. The deadlock …
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BusinessEconomyFinance & ServicesMarketsPolitics
South African rand strengthens as gold hits fresh peak
South Africa’s rand made gains on Monday, strengthened by a surge in gold prices and growing optimism about a potential agreement between the country’s two largest political parties on the …