Transnet gets R51 billion government guarantee boost to continue with recovery plan
Transport Minister Barbara Creecy has approved a R51 billion guarantee facility for Transnet, aimed at supporting its capital investment programme and addressing debt obligations amid ongoing reforms in South Africa's freight and logistics sector.
Godongwana addresses complexities of budget formulation in challenging political climate
Finance Minister Enoch Godongwana outlines the challenges faced in formulating South Africa's 2025 Budget amidst a fragmented political landscape, highlighting the need for fiscal prudence and collaboration among political factions.
Treasury slashes early retirement funding, limiting programme to 15 000 workers
The National Treasury has significantly reduced the budget for the early retirement programme aimed at civil servants, revising it from R11 billion to R5. 5 billion. This decision comes as part of efforts to manage public service wage costs amidst a challenging fiscal environment.
Financial markets cheer as South Africa tables its National Budget after third attempt
The National Treasury plans to cut R68 billion in government spending over the next three years, as outlined by Finance Minister Enoch Godongwana in the 2025 Budget Review. This move aims to address inefficiencies in public expenditure while prioritising fiscal discipline and growth.
Economists caution against optimism in Treasury's 2025 Budget Review
The National Treasury has significantly lowered South Africa's GDP growth forecast for 2025, citing a weaker global outlook and increased trade frictions.
Godongwana cuts R68bn from government spending as VAT remains at 15%
The National Treasury plans to cut R68 billion in government spending over the next three years, as outlined by Finance Minister Enoch Godongwana in the 2025 Budget Review. This move aims to address inefficiencies in public expenditure while prioritising fiscal discipline and growth.
Government debt projected to hit R6 trillion as South Africa borrows R1. 6 billion daily
South Africa's public debt is set to rise dramatically, with the government borrowing R1. 6 billion daily amid increasing spending demands. This article explores the implications of the projected debt levels on the economy and essential services
Treasury slashes SA's GDP forecast for 2025 by 0. 5 percentage points on global headwinds
The National Treasury has significantly lowered South Africa's GDP growth forecast for 2025, citing a weaker global outlook and increased trade frictions.
Spending habits shift as South Africans adapt to a value-conscious market
Discover the latest insights from the Absa Merchant Spend Analytics Report for Q1 2025, revealing a cautious consumer mindset in South Africa as card spending growth slows amidst economic recovery.
Pan African Resources warns of illegal mining's impact on local communities after job losses
Pan African Resources reveals the severe impact of illegal mining and gold theft on Barberton Mines and local communities, following recent retrenchments affecting over 200 workers.
FSCA moves forward with COFI Bill as concerns mount over bank account terminations
The Financial Sector Conduct Authority (FSCA) is set to submit the Conduct of Financial Institutions (COFI) Bill to Cabinet, aiming to enhance the regulation of financial institutions in South Africa and ensure fair treatment for customers.
S&P infers South Africa's debt levels could average 80% of GDP, surpassing estimates
S&P Global Ratings has revised South Africa's economic growth forecast downwards but remains optimistic about the country's reform momentum and fiscal consolidation amidst coalition government tensions.
S&P Global revises South Africa’s growth forecast down but remains optimistic on reforms
S&P Global Ratings has revised South Africa's economic growth forecast downwards but remains optimistic about the country's reform momentum and fiscal consolidation amidst coalition government tensions.
Standard Bank partners with Metair Investments to restructure R4bn debt
Standard Bank collaborates with Metair Investments to restructure R4 billion in debt, aiming to enhance financial sustainability and support the South African automotive sector.
Cabinet confirms Patrick Dlamini as new CEO of the Public Investment Corporation
Patrick Dlamini has been appointed as the new CEO of the Public Investment Corporation, following a seven-month global search. With nearly three decades of experience in senior management, Dlamini is expected to lead the PIC in advancing its investment mandate.
Persisting decline in mining production signals trouble for South Africa’s economy
South Africa's mining sector is grappling with significant challenges, including a 2. 8% year-on-year production decline and rising electricity costs, threatening its economic contribution.
Government moves to establish control over artisanal and small-scale mining
The South African government is set to transform the artisanal and small-scale mining sector with the approval of the Mineral Resources Development Bill of 2025, aimed at enhancing regulatory clarity and boosting economic growth.
Cabinet approves landmark Mineral Resources Development Bill for public comment
The South African Cabinet has approved the Mineral Resources Development Bill of 2025, aimed at reforming the mining sector by enhancing regulatory frameworks and promoting equitable benefits for communities.
Cabinet confirms Patrick Dlamini as new CEO of the Public Investment Corporation
Patrick Dlamini has been appointed as the new CEO of the Public Investment Corporation, following a seven-month global search. With nearly three decades of experience in senior management, Dlamini is expected to lead the PIC in advancing its investment mandate.
South Africa’s small business resilience shown as 80% of small firms grow despite challenges
Despite facing political and economic challenges, South African small businesses are thriving, with 83% reporting revenue growth and a strong desire to invest in technology and skills development
JSE shatters records as global markets celebrate US-China trade deal
Despite a rise in South Africa's unemployment rate, the JSE has reached a new record high, buoyed by a temporary trade agreement between the US and China
South Africa's avocado industry makes waves with first shipment to China
Minister of Agriculture John Steenhuisen highlights the successful shipment of South African avocados to China, marking a significant milestone for the industry and showcasing its potential for international growth.
Everything you need to know about key vehicle recalls in South Africa
The National Consumer Commission has recently alerted the public to a series of vehicle recalls in South Africa
Major vehicle recalls announced in South Africa due to safety defects
South African drivers face serious safety risks as the National Consumer Commission announces critical vehicle recalls affecting popular models from Jeep, Citroen, Mercedes-Benz, Audi, Volkswagen, and Volvo. Immediate action is urged for affected owners to ensure their vehicles are safe.
Competition Tribunal approves Old Mutual's acquisition of Fairheads benefit services
Old Mutual Corporate Ventures has received approval from the Competition Tribunal for a merger with Fairheads Benefit Services and Fairheads Financial Services, marking a transformative moment in South Africa's financial services sector.