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Tuesday, May 20, 2025

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South Africa sees a decline in company liquidations despite economic challenges

Despite a struggling economy, South Africa experiences an 8% year-over-year decline in company liquidations.

Business
Nicola Mawson|Published

South Africa's VAT decision: Genuine relief or a mere illusion?

While the government's decision to scrap a VAT increase seems compassionate, experts warn it merely obscures the deeper systemic issues of economic inequality and racial capitalism that continue to plague the nation.

News Politics
Thabo Makwakwa|Published

How Trump's tariffs could impact South Africa's economy, warns Reserve Bank

The SA Reserve Bank warns that Trump's tariffs could shrink GDP by 0. 69%, threatening economic stability.

Business
Nicola Mawson|Published

MK party slams ANC's R500 million spaza shop fund as 'political grandstanding'

The MK Party has condemned the ANC government's new R500 million Spaza Shop Support Fund as a reactive election ploy that fails to address the recent food safety crisis in township communities.

News Politics
Thabo Makwakwa|Published

Trade colonialism? How US tariffs are reshaping South Africa's economic future

South Africa faces challenging trade conditions with a 32% tariff on exports to the US under Trump's policies. Political analyst Dr Sandile Swana warns that countries seeking favourable trade terms with the US must accept a subordinate position, urging South Africa to diversify its trading partners and develop local economies instead of relying on Western markets.

News Politics
Thabo Makwakwa|Published

Gauteng unveils R527. 2 billion Budget | Key investments in health, education and infrastructure

Gauteng's ambitious R527. 2 billion budget for 2025 prioritises healthcare, education, and infrastructure development. With significant allocations including R66bn for health and R69. 6bn for education, the province aims to drive economic growth while improving service delivery across all sectors.

News Politics
Thabo Makwakwa|Published

South African State Bank plans 'deeply flawed', warns Free Market Foundation

The Free Market Foundation strongly opposes South Africa's proposed state bank, citing a revealing DearSA survey showing 99% public disapproval. The FMF warns the initiative could burden taxpayers while failing to address fundamental economic challenges facing black entrepreneurs.

News Politics
Thabo Makwakwa|Published

Democracy delivers: India's path to economic prosperity

Discover how India's External Affairs Minister Subrahmanyam Jaishankar champions the nation's democratic model as a driving force behind economic prosperity, amidst global political turmoil.

Business Report BRICS
Fawzia Moodley|Published

China achieves 2024 growth target, bolsters global economy

Boosted by pro-growth measures, China's GDP growth quickened to 5. 4% in Q4.

News World
Xinhua|Published

The FSCA's defiance: A legal standoff over Banxso's frozen funds

Despite the Western Cape High Court's lifting of a preservation order on Banxso's accounts, the FSCA steadfastly refuses to authorise the release of these funds.

News Crime and Courts
Staff Reporter|Published

COP29: African leaders call for urgent action on climate finance

At COP29 in Baku, African nations spotlight the dire need for climate finance, clean energy, and equitable green growth.

News World
Dominic Naidoo|Published

G20 Summit could use a few extra pairs of chopsticks

OPINION: Preparing a few extra pairs of chopsticks isn’t just a metaphor, but a call for a more balanced, diverse, and inclusive global order, writes Li Yunqi.

News Opinion
Opinion|Published

How does SA benefit from a Donald Trump or Kamala Harris win?

As Americans gear up to vote in the November 5 elections, an economist breaks down what a Donald Trump or Kamala Harris administration could look like for South Africa.

News World
Se-Anne Rall|Published

US elections: What does a Donald Trump or Kamala Harris win mean for South Africa?

As Americans gear up to vote in the November 5 elections, an economist breaks down what a Donald Trump or Kamala Harris administration could look like for South Africa.

News World
Se-Anne Rall|Published

New digital verification technology transforms merchant onboarding in Africa

Mastercard and Smile ID, Africa’s leading digital Know Your Customer (KYC) provider are teaming up in a groundbreaking move to significantly improve the merchant onboarding process for businesses across Africa.

Tech Fintech
Duduzile Zwane|Published

This is how much Eskom wants for the next three years and how it affects your pocket

The National Energy Regulator of South Africa (Nersa) has this week published Eskom's revenue application for the next three financial years.

News Energy
Se-Anne Rall|Published

EFF celebrates revival of SA Reserve Bank Nationalisation Bill, pledges public support

“We urge all progressive stakeholders to prepare their submissions. Progressive stakeholders who require assistance with their submissions or oral presentations are encouraged to contact the EFF,” said Mathys.

News Politics
Simon Majadibodu|Published

Budget cuts dismal for education needs in South Africa

The education sector in South Africa is in peril as budget constraints result in teaching job cuts, which can severely impact the standard of education in the Western Cape and other provinces.

News Education
Robin-Lee Francke|Published

NDB targets 40% climate finance by 2026

As a cross-cutting project consideration, we try to integrate measures that address climate risks – to the extent applicable - as early as the design phase for each project we conduct.

News Environment
Simon Majadibodu|Published

New Development Bank to Host 9th Annual General Meeting in Cape Town

Local event company, espAfrika, tasked with on-the-ground logistics for the upcoming gathering, which comes at a pivotal shift in global economic dynamics.

Business
Staff Reporter|Published

Cape Town a hub for global discussion as CTICC hosts 9th annual New Development Bank meeting

The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries.

News Politics
Robin-Lee Francke|Published

Can the BRICS’ New Development Bank rival the IMF or World Bank?

We must be objective enough though to accept the NDB may play a very positive role in financing infrastructural development in many BRICS countries, says the writer.

News Politics Opinion
Opinion|Published

PICS: Five new tugboats bolster shipping operations at Port of Durban

Five new tugboats have been added to Transnet National Ports Authority’s fleet, accelerating the state-owned entity’s implementation of its R1 billion investment towards a reliable marine fleet.

News South Africa Kwazulu Natal
Se-Anne Rall|Published

Sanral launches R2. 2 billion project along N2 in the Eastern Cape

In addition to the two mega-bridges, there are seven major construction packages on the N2 Wild Coast Road, Sanral says.

News Environment
Robin-Lee Francke|Published

China builds new platform for Sino-African entrepreneurship

With heavy participation of private companies, China-Africa cooperation has diversified from infrastructure, mining and agriculture to logistics, digital economy, clean energy, finance and others.

News World
Xinhua|Published