Latest News & Developments
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Fuel price outlook for May: petrol and diesel decreases looking likely
April's fuel price cuts are likely to be followed by further decreases in May, but a weaker rand will limit the savings. Here's what you can expect at the pumps.
VAT Crisis | Beyond the Pump: How South Africa's fuel taxes affect daily life
While fuel taxes remain unchanged in the 2025 Budget, South Africans still pay R6. 21 per litre in levies, affecting everything from food prices to taxi fares and widening the gap between rich and poor.
Oil prices rising, here's how that affects SA's fuel price cut for April
Despite rising international oil prices, South Africa is set to enjoy petrol and diesel price relief in April. Here's what to expect.
Big fuel price cuts still on the cards for South Africa in April
Fuel prices are expected to drop significantly in April, providing much-needed relief for South African motorists.
Redefining what is “smart” about devices
Human mobile Devices are poised for growth in South Africa.
From rural village to fashion success: DUT student's entrepreneurial journey
From humble beginnings in rural Impendle to winning international competitions, DUT student Luyanda Majozi's streetwear brand Enigmatic Cotton is revolutionising local fashion while creating employment opportunities. Discover how this 22-year-old entrepreneur is building a global fashion empire while pursuing his studies.
SA rand makes slight gain against US dollar
Ancho Capital said that markets were weighed down by losses in technology and mining sector stocks.
South Africa faces avian flu threat: Urgent call for vaccination
South African Poultry Association has raised warning flags South Africa is facing a grave risk from the potential spread of Highly Pathogenic Avian Influenza.
African Development Bank and Standard Bank unite to support SMMEs and boost trade
The agreement includes a R3. 6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA).
State steps in to regulate healthcare tariffs to cut medical sector size
The South African government is implementing new measures to regulate healthcare pricing through a draft block exemption, following recommendations from the Health Market Inquiry. The framework aims to address rising costs and overutilisation in private healthcare while ensuring affordable access for more South Africans.
Most USAID workers to be fired or placed on leave
All other staff directly hired by USAID will be placed on administrative leave globally.
Sasol reports challenging financial results as revenues decline
Sasol’s latest financial results reveal a steep decline in revenue and earnings, as the energy powerhouse faces persistent market challenges.
Eskom eases load shedding from stage 6 to 4
South Africa got some slight relief on Monday after Eskom announced the end of stage 6 load shedding, lowering the level to stage 4.
SA’s energy crisis returns as Eskom plunges nation back into stage 6 load shedding
South Africa's brief respite from power cuts ends as Eskom implements Stage 6 load shedding following multiple generation unit failures at major power stations. Energy Minister Ramokgopa apologises to the nation and addresses sabotage speculation.
Proposed VAT increase could push South Africans deeper into debt crisis
Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The postponement of the Budget Speech has left the nation anxious about possible tax hikes.
Business101: Grow your business by growing your network
For small and medium-sized enterprises (SMEs), effective networking can unlock opportunities, provide access to valuable resources, and open doors that might otherwise remain closed.
Read Finance Minister Enoch Godongwana‘s full Budget Speech here. This is now under review.
Below is the full budget speech delivered by South Africa’s Minister of Finance, Enoch Godongwana.
Proposed Budget 2025: Transnet's financial crisis: Treasury calls for debt reduction and strategic reforms in Budget 2025
South Africa's state-owned transport utility Transnet faces mounting financial challenges as Treasury calls for urgent debt stabilisation. With losses exceeding R7. 3 billion and declining rail volumes, the entity must implement strategic reforms to restore operational efficiency and financial sustainability
Proposed Budget 2025: R1. 8bn lifeline for SA Post Office as Treasury intervenes
The South African Treasury, alongside the Department of Communications and Digital Technologies, is implementing a crucial rescue plan for the struggling Post Office. With R1. 8 billion allocated and 354 branches closed, can this intervention save one of South Africa's oldest institutions?
Budget speech cancellation will delay policies, impact markets
Parties under South Africa’s government of national unity (GNU) disagreed on the looming tax increases, with the DA saying it was opposed to an increase in Value Added Tax.
Budget Speech postponed
It was announced that Godongwana’s Budget speech will be postponed until further notice.
Fuel prices set to rise significantly from Wednesday
Economists expect oil prices to remain volatile due to the uncertainty created by Trump’s protectionist policies as well as US sanctions on Russian-produced fuel.
Nersa grants Eskom a 12. 7% tariff increase ahead of winter season
The approval of the tariff increase comes at a pivotal moment when Eskom is still grappling with extensive infrastructure issues, maintenance delays, and the ever-looming threat of load shedding.
SA Reserve Bank cuts interest rates by 0. 25%
This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% cut in the repurchase rate (repo rate).
Filling up an average food basket cost R5 433,70 in January
In December last year, the food basket cost R5 383,38 and a year ago in January 2024, it cost R5 324,86 in January 2024.