Rate cut brings relief for consumers as Sarb signals confidence in long-term inflation outlook

Siphelele Dludla|Published

Christmas came early this year for debt-laden consumers after the South African Reserve Bank (Sarb) reduced the cost of borrowing on the back of expectations that ...

Africa’s social enterprises generate $96bn and 12 million jobs, WEF-backed report reveals

Siphelele Dludla|Published

A landmark report reveals that Africa's social enterprises are pivotal in driving inclusive growth and job creation, with over 2 million enterprises generating $96 ...

Economists still expect rate cut despite inflation rising to 1-year high

Siphelele Dludla|Updated

Despite a rise in consumer inflation to 3.6%, economists remain optimistic about a potential interest rate cut from the South African Reserve Bank in the upcoming ...

GEMS unveils 2026 Roadmap and announces 9.8% contribution increase

Siphelele Dludla|Published

The Government Employees Medical Scheme (GEMS) has announced its strategic Roadmap for 2026, detailing a 9.8% contribution adjustment aimed at enhancing member benefits ...

GEPF posts strong results, assets grow to R2.7trln amid global volatility, domestic strains

Siphelele Dludla|Published

The Government Employees Pension Fund (GEPF) showcases a robust performance with a 14.1% investment return and R2.69 trillion in assets, despite facing economic ...

Absa and HEINEKEN Beverages launch R1.2bn funding drive to strengthen black-owned SMEs

Siphelele Dludla|Published

Absa and HEINEKEN Beverages have unveiled a R1.2 billion funding initiative aimed at empowering black-owned SMEs in South Africa, addressing economic challenges ...

Revenue gains, lower inflation target bolster fiscal outlook but spending pressures loom: Moody's

Siphelele Dludla|Published

Moody's Ratings highlights a modest improvement in South Africa's fiscal trajectory following the latest Medium-Term Budget Policy Statement, despite warnings about ...

UN and business leaders launch SABII to drive inclusive growth, sustainable development in SA

Siphelele Dludla|Published

The South Africa Business Initiative for Impact (SABII) has been launched to drive sustainable development and economic growth, uniting business leaders, the UN, ...

PIC–Oxford research shows green investments can create 70 000 jobs annually in SA

Siphelele Dludla|Published

The Public Investment Corporation's new research reveals that Africa-focused green investments not only outperform global benchmarks but also create significantly ...

Macpherson calls for overhaul of building regulations to fast-track infrastructure delivery

Siphelele Dludla|Published

Public Works and Infrastructure Minister Dean Macpherson advocates for an urgent overhaul of South Africa's building regulations to expedite infrastructure development, ...

AfDB approves R5bn facility for FirstRand to boost SMEs, women entrepreneurs in SA

Siphelele Dludla|Published

The African Development Bank has approved a $310 million financial package for FirstRand Bank to enhance access to finance for micro, small, and medium-sized enterprises, ...

Godongwana confident on debt stabilisation as fiscal consolidation gains momentum

Siphelele Dludla|Published

Finance Minister Enoch Godongwana announces South Africa's commitment to fiscal sustainability and improved public spending efficiency in the 2025 Medium-Term Budget ...

Treasury trims 2025 growth outlook, pins hopes on reforms to lift long-term momentum

Siphelele Dludla|Published

The National Treasury of South Africa has revised its economic growth forecast for 2025, citing weaker global conditions, while emphasising the importance of structural ...

SARB defends lower inflation target as key to boosting real incomes and spending power

Siphelele Dludla|Published

Can lowering South Africa's inflation target to 3% really enhance consumer purchasing power? SARB Governor Lesetja Kganyago explains the implications.

MTBPS: SA to achieve first debt stabilization since 2008 crisis

Siphelele Dludla|Published

Finance Minister Enoch Godongwana announces that South Africa is on track to stabilize government debt by 2025/26 - the first time since the 2008 financial crisis ...

MTBPS: SA economic growth outlook cut to 1.2% for 2025, Treasury pins hope on reforms

Siphelele Dludla|Published

Finance Minister Enoch Godongwana delivered his Medium-Term Budget Policy Statement (MTBPS) on Wednesday.

MTBPS: South Africa reduces inflation target to 3% to combat rising cost of living

Siphelele Dludla|Published

This new target immediately replaces the previous target range of between 3 and 6% with a midpoint of 4.5%, which has been implemented since 2000.

BMW SA pushes ahead with electrification despite delays in government’s NEV policy

Siphelele Dludla|Published

BMW South Africa's CEO highlights the urgent need for government policy clarity to drive the country's transition to electric vehicles, as the automotive industry ...

FNB, Mastercard unite to advance Africa’s cross-border payments with launch of Globba

Siphelele Dludla|Published

FNB and Mastercard have launched Globba, a revolutionary cross-border payments platform aimed at simplifying and securing international money transfers for South ...

Sibanye-Stillwater, Appian settle long-running dispute over terminated Atlantic Nickel deal

Siphelele Dludla|Published

Sibanye-Stillwater has reached a $215 million settlement with Appian Capital, concluding a lengthy legal dispute over the termination of a proposed acquisition of ...

World Bank approves R17bn program to boost South Africa’s metro services

Siphelele Dludla|Published

The World Bank has approved the South Africa Metro Trading Services Program, a $925 million initiative aimed at enhancing the reliability and quality of urban services ...

JSE to face-off A2X at Tribunal over allegations of anti-competitive conduct

Siphelele Dludla|Published

The JSE faces allegations of anti-competitive behaviour as the Competition Commission refers a case to the Tribunal, following a complaint from rival exchange A2X ...

South Africa’s fiscal outlook brightens slightly ahead of 2025 MTBPS

Siphelele Dludla|Published

Finance Minister Enoch Godongwana is set to present a cautiously optimistic Medium-Term Budget Policy Statement, highlighting improved revenue collection and controlled ...

Assmang to place Beeshoek Mine under care and maintenance, 622 jobs affected

Siphelele Dludla|Published

Assmang announces the closure of its Beeshoek Iron Ore Mine, affecting 622 workers, as it struggles with declining operations and high costs. The decision follows ...

BofA sees possible S&P upgrade for South Africa after mid-term budget despite fiscal pressures

Siphelele Dludla|Published

Bank of America highlights a potential credit rating upgrade for South Africa, contingent on improved economic growth and debt management, as S&P Global Ratings ...