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Tuesday, May 13, 2025

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South Africa's economy sees fragile growth despite sector challenges

Despite a 0. 6% GDP growth in South Africa, the economy faces challenges with declines in manufacturing and mining.

Business
Nicola Mawson|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

R26 billion in investments by 2029 for Tshwane

Tshwane's Executive Mayor Nasiphi Moya unveils a comprehensive economic revitalisation strategy aimed at attracting R17 billion to R26 billion in investments by 2029, creating thousands of jobs and fostering sustainable growth.

The Star News
Rapula Moatshe|Published

R26 billion in investments by 2029 for Tshwane

Tshwane's Executive Mayor Nasiphi Moya unveils a comprehensive economic revitalisation strategy aimed at attracting R17 billion to R26 billion in investments by 2029, creating thousands of jobs and fostering sustainable growth.

News
Rapula Moatshe|Published

Mashatile: 'Clean up Gauteng, curb crime to unlock R300 billion investment potential'

Deputy President Paul Mashatile has called on Gauteng to transform itself through infrastructure development, crime reduction, and a 'clean city campaign' to secure R300 billion in investments. Speaking at the inaugural Gauteng Investment Conference, Mashatile emphasised that the province's role as South Africa's economic powerhouse, contributing 35% to national GDP, makes its revitalisation critical for achieving the country's 3% growth target.

The Star News
Siyabonga Sithole|Published

Mashatile: 'Clean up Gauteng, curb crime to unlock R300 billion investment potential'

Deputy President Paul Mashatile has called on Gauteng to transform itself through infrastructure development, crime reduction, and a 'clean city campaign' to secure R300 billion in investments. Speaking at the inaugural Gauteng Investment Conference, Mashatile emphasised that the province's role as South Africa's economic powerhouse, contributing 35% to national GDP, makes its revitalisation critical for achieving the country's 3% growth target.

News South Africa
Siyabonga Sithole|Published

Unlocking Africa’s trillion-dollar potential: why startups need more than just SME policies

As Africa's population booms, why is its economic growth lagging? This article explores the critical need for policies that support startups, not just traditional businesses, to unlock the continent's trillion-dollar potential.

Business Report Entrepreneurs
Buntu Majaja|Published

Moody’s and Fitch see South Africa’s debt burden outpacing Budget forecasts

Credit ratings agencies Moody's and Fitch have challenged South Africa's National Treasury projections, warning that government debt will stabilise at higher levels than anticipated in the 2025 Budget. The agencies predict debt-to-GDP ratios could reach 80%, while political tensions within the GNU threaten budget implementation

Business Report
Siphelele Dludla|Published

Education, Health lead Gauteng's R211 billion Provincial Budget for 2025

Gauteng's ambitious R211 billion budget allocation reveals major investments in education and healthcare, with R69. 6 billion and R66 billion respectively earmarked for these crucial sectors. MEC Lebogang Maile's comprehensive financial strategy aims to tackle unemployment, inequality, and service delivery challenges across the province.

News Politics
Thabo Makwakwa|Published

Cabinet ramps up efforts on food security and disaster management

The South African Cabinet has established specialized task forces to address food security and disaster management challenges, with Minister Ntshavheni reporting positive agricultural growth and outlining comprehensive strategies for sustainable food systems and disaster preparedness.

Business Report
Banele Ginindza|Published

Expert calls for smarter spending in R332 billion education allocation | Budget 2025

Education expert Dr. Corrin Varady challenges South Africa's R332. 3bn education budget allocation, emphasising that successful reform requires more than just funding. His analysis reveals critical gaps in accountability and efficiency that could derail educational progress.

News Politics
Thabo Makwakwa|Published

Angels lurking in the detail of South Africa’s delayed March 2025 Budget

South Africa's delayed March 2025 Budget reveals encouraging signs of improved provincial spending management and optimistic economic growth projections, surpassing IMF forecasts. Analysis uncovers significant reductions in irregular expenditure and positive GDP growth expectation

Business Report Opinion
Helmo Preuss|Published

Treasury forecasts 1. 9% GDP growth by 2025 as South Africa's economy is set for recovery

South Africa's National Treasury forecasts 1. 9% economic growth for 2025, as Finance Minister Godongwana unveils ambitious structural reforms and infrastructure investments to combat a decade of economic stagnation. Will these measures be enough to drive sustainable recovery?

Business Report
Siphelele Dludla|Published

IMF advises South Africa on structural reforms to boost economic growth

The International Monetary Fund strongly endorses South Africa's structural reforms while calling for more aggressive measures to address the R6 trillion national debt crisis. Key recommendations include public sector wage cuts and SOE restructuring to boost economic growth beyond current 1% levels

Business Report
Siphelele Dludla|Published

Iron ore prices expected to decline amidst supply growth, weak Chinese demand - African Rainbow Minerals

African Rainbow Minerals executives predict a decline in iron ore prices due to supply growth and softening demand from China, while long-term prospects for platinum group metals remain optimistic

Business Report Companies
Edward West|Published

Are gross domestic product numbers reliable?

Explore the trustworthiness of South Africa's GDP figures and the implications of potential inaccuracies on economic policy

Sunday Independent Analysis
Corrie Kruger|Published

Agriculture set to drive South Africa's economic recovery in 2025

South Africa's agricultural sector shows remarkable resilience with a 17. 2% growth in Q4 2024, leading economic recovery amid structural improvements and optimistic forecasts for 2025

Business Report
Siphelele Dludla|Published

South Africa's GDP grows 0. 6% in 2024, economic outlook remains cautious for 2025

South Africa's economy grew by 0. 6% in 2024, falling short of government projections despite improvements in power supply. While some sectors showed promise, seven out of ten economic sectors contracted, raising concerns about the country's economic recovery heading into 2025

Business Report
Siphelele Dludla|Published

South Africa dodges technical recession in Q4 with 0. 6% GDP growth in 2024

South Africa's economy showed resilience in 2024 with a 0. 6% growth rate, narrowly avoiding a technical recession despite falling short of projections. While the finance and personal services sectors showed positive growth, challenges persisted in agriculture, construction, and manufacturing. The fourth quarter brought encouraging signs, particularly in the agricultural sector, which surged by 17. 2%.

Business Report
Siphelele Dludla|Updated

South Africa's Budget crisis: could a temporary VAT increase be the solution? - Donald MacKay

South Africa's mounting budget deficit requires decisive action. This analysis explores why a temporary VAT increase to 17% could be the solution, examining the potential impact on the economy and how it could be implemented with proper safeguards for vulnerable populations.

Business Report Opinion
Donald MacKay|Published

Redefining what is “smart” about devices

Human mobile Devices are poised for growth in South Africa.

Business Report Economy
Opinion|Published

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.

Business Report Entrepreneurs
Ashley Lechman|Published

Beer giant AB InBev's profits surge despite global volume challenges

Global brewing giant AB InBev reports record-breaking R1. 1 trillion revenue for 2024, with an 8. 2% Ebitda growth and strong performance in South Africa. Despite volume challenges in some markets, the company's premium brands and digital platforms show promising growth.

Business Report Companies
Philippa Larkin|Published

SA consumers could see 2% VAT hike proposal toppling steady inflation environment

Economists believe that headline inflation remains well-contained despite a slight acceleration and that the new CPI weights could lead to softer inflation outcomes.

Business Report Economy
Siphelele Dludla|Published

Inflation rise to force South African consumers to pay more at the tills

This headline print comes as Eskom has been granted a tariff increase of more than 12% for the next financial year, which is going to cripple household income expenditures as more money goes to pay for electricity.

Business Report Economy
Siphelele Dludla|Published