November 19, 2023
South Africa: S&P Keeps SA Credit Ratings Unchanged
Government says it has noted Standard and Poor (S&P) Global Ratings' decision to affirm South Africa's long-term foreign and local currency debt ratings at 'BB-' and 'BB',… Read more »
November 15, 2023
South Africa: Load Shedding Requires Urgent Intervention, Minister Tells Parliament
Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa, has told the Portfolio Committee on Public Enterprises that load shedding is an existential… Read more »
South Africa: Eskom Lays Out On Transmission Expansion
Eskom Managing Director of Transmission, Segomoco Scheppers, says the power utility is working hard to expand transmission lines and unlock future generation capacity for the power… Read more »
November 13, 2023
South Africa: International Maritime Organisation Team to Audit Marine Operations
Transport Minister Sindisiwe Chikunga has officially welcomed the International Maritime Organisation audit team who are in the country to conduct a mandatory audit under the IMO's… Read more »
November 12, 2023
South Africa: Tourism Partners With Google SA
Tourism Minister Patricia de Lille will on Monday sign an agreement with Google, which will see the Ministry of Tourism and the digital platform collaborate on several areas of… Read more »
November 09, 2023
South Africa: Battle Against Illegal Mining Receives a Boost
President Cyril Ramaphosa has authorised the employment of 3 300 members of the South African National Defence Force (SANDF) for service in cooperation with the South African… Read more »
November 08, 2023
South Africa: SARS Receives 7 Million Personal Income Tax Returns
The South African Revenue Service (SARS) has received seven million non-provisional returns from compliant taxpayers, who have fulfilled their legal obligations by filing their… Read more »
November 07, 2023
Africa: SA Remains the Preferred Investment Destination in Africa
President Cyril Ramaphosa has emphasised that South Africa remains one of the preferred investment destinations and is an important gateway for markets and other business… Read more »
November 08, 2023
South Africa: Govt to Tackle Pollution With Organised Labour, Plastic Sector
While government has made progress in tackling plastic pollution, it has committed to address the problem of plastic pollution in consultation with the plastic industry and… Read more »
November 06, 2023
South Africa: Mashatile Commits to Deepen Trade With China, Increase Value-Added Products
Deputy President Paul Mashatile says South Africa will continue to explore various avenues of strengthening and deepening long-standing economic, trade and people-to-people… Read more »
Africa: AGOA Benefits Extend Beyond Trade
Economies in Sub-Saharan countries stand to benefit far more from the African Growth and Opportunity Act (AGOA) than notable trade statistics, says President Cyril Ramaphosa. Read more »
November 04, 2023
Africa: U.S. Reiterates Commitment to Strengthen Relations With Africa
United States of America Trade Representative, Katherine Tai, has reiterated her country's commitment to strengthen the U.S.-Africa trade and investment relationship to deliver… Read more »
South Africa: Electricity Minister to Embark On Eskom Power Station Visits
Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa, is expected to embark on a series of follow-up visits to Eskom power stations. Read more »
South Africa: Patel Supports Call for Reauthorisation of AGOA
Trade, Industry and Competition Minister, Ebrahim Patel, has thrown his weight behind the reauthorisation of the African Growth and Opportunity Act (AGOA) as swiftly as possible… Read more »
November 03, 2023
South Africa: AGOA an Opportunity to Elevate Labour Standards and Social Justice Issues
The African Growth and Opportunity Act (AGOA) Forum creates a significant opportunity to elevate issues associated with labour standards and social justice. Read more »
November 02, 2023
South Africa: AGOA Trade and Economic Cooperation Forum
Growing business, trade and investment ties between sub-Saharan African nations that are part of the Africa Growth and Opportunity Act and the United States (US) holds enormous… Read more »
South Africa: SARS Welcomes MTBPS Revenue Revision
The South African Revenue Service (SARS) has welcomed the tabling of the Medium Term Budget Policy Statement (MTBPS), despite the statement's downward revision of revenue… Read more »
South Africa: Measures in Place to Ensure Safe and Secure Agoa
The National Joint Operational and Intelligence Structure (NatJOINTS) has put measures in place to ensure the 20th African Growth and Opportunity Act (AGOA) Forum takes place in a… Read more »
November 01, 2023
South Africa: Fiscal Consolidation Needed to Ensure Good Financial Health #MTBPS2023
Government will adopt a "prudent fiscal stance" which will aim to balance spurring economic growth, supporting society's most vulnerable groups, stabilising public finances and… Read more »
South Africa: State-Owned Enterprises' Financial Health Remains 'Poor' #MTBPS2023
The Medium Term Budget Policy Statement (MTBPS) has revealed how South Africa's weak growth combined with arduous debt repayment obligations and other factors continue to affect… Read more »
South Africa: Municipalities Apply for Eskom Debt Relief #MTBPS2023
More than 60 municipalities who owe Eskom for unpaid bulk electricity services have applied for government's debt relief arrangement. Read more »
South Africa: Covid-19 Social Grant Extended Until 2025 #MTBPS2023
Government has extended the COVID-19 Social Relief of Distress Grant (SRD Grant) until March 2025 while it considers social security policy reforms and a funding model. Read more »
South Africa: Rising Govt Debt Servicing Hinders Social Spending #MTBPS2023
The servicing of government's rising debt is "crowding out" social spending in the country, says Finance Minister Enoch Godongwana. Read more »
South Africa: Govt to Support Energy Transition in Automotive Sector #MTBPS2023
Government plans to implement tax and expenditure measures to support the automotive sector to transition to a low carbon economy. Read more »
South Africa: Revenue Collection Projected to Decline #MTBPS2023
Revenue collection is expected to fall by some R56 billion below the 2023 Budget predictions, according to the National Treasury Medium Term Budget Policy Statement (MTBPS). Read more »