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 »
South Africa: Call for a Realistic 2023 MTBPS
North-West University Business School Professor Raymond Parsons has called for a realistic and sound Medium-Term Budget Policy Statement (MTBPS), given the additional fiscal and… Read more »
October 31, 2023
South Africa: TP Nchocho Appointed as Ports Authority Board Chair
The Industrial Development Corporation's outgoing CEO, Tshokolo Nchocho, has been appointed as chairperson of the board of directors of the Transnet National Ports Authority… Read more »
South Africa: Johannesburg City Power to Take Over Load Shedding Operations in Supply Areas
City Power is expected to take over control of the load shedding operations for most of the areas it supplies effective from Monday, 6 November 2023. Read more »
October 30, 2023
South Africa: Govt Partners With Business to Tackle Economic Challenges - Ramaphosa
Government has established a partnership with business to work together in four critical areas, including energy, logistics, crime and corruption, and employment to give impetus to… Read more »
South Africa: Eskom Implements Load Shedding
Eskom has implemented Stage 2 load shedding in a bid to replenish emergency reserves ahead of the colder weather expected this week. Read more »
South Africa: Warning Against Circulating Harmful Information
The Department of Communications and Digital Technologies (DCDT) has warned the public against sharing a message that is circulating and promising free data. Read more »
South Africa: Petrol Price Set to Decrease By R1.78
Cash-strapped motorists will breathe a sigh of relief at the pumps on Wednesday as the price of petrol is set to come down by R1.78 a litre. Read more »
October 26, 2023
South Africa: President Ramaphosa to Host Agoa Forum
President Cyril Ramaphosa and his United States of America counterpart President Joe Biden will engage in discussions during the upcoming 20th African Growth and Opportunity Act… Read more »
South Africa: Freight Rail Sector Requires R50 Billion Investment
Transnet Freight Rail (TFR) will need in excess of R50 billion investment in the next five years to improve capacity and the freight rail performance. Read more »
South Africa: Large African Delegation Expected to Attend the Agoa Forum in South Africa
A large number of African Trade Ministers and their delegations are expected to attend the African Growth and Opportunity Act (AGOA) Forum taking place in South Africa next week. Read more »
South Africa: Minister to Unveil Construction of 100 New Rural Bridges in Six Provinces
Public Works and Infrastructure Minister, Sihle Zikalala, will visit Port St Johns in the Eastern Cape on Friday to give progress on and unveil the massive construction of rural… Read more »
October 25, 2023
South Africa: SAA to Be Officially Relaunched
Government is expected to officially relaunch South African Airways (SAA) in Cape Town on Thursday. Read more »
October 24, 2023
South Africa: Eskom's Generation Steadily Improving - Electricity Minister
Improved performance of Eskom's generating fleet is beginning to turn the tide against load shedding. Read more »
South Africa: Efforts in Full Swing to Clean Up Eskom
Efforts to root out, unravel and disrupt corruption at Eskom are gaining momentum. Read more »
South Africa: Consumers Can Now File Complaints With National Consumer Commission Online
The National Consumer Commission (NCC) has announced that consumers can now file their complaints online using the e-Service portal. Read more »