News in South Africa 16th February: 1. Bad news for taxpayers: The Finance Minister will likely announce an increase in tax rates in the Budget Speech later this month as the government’s revenue collections continue to disappoint, leaving a gap of R15 billion to be filled. This is feedback from financial services firm PwC, which […]
News in South Africa 12th January: 1. SA to pay back R28 billion: Nations in Sub-Saharan Africa have been locked out of international debt markets for 22 months now, and investors are increasingly betting the drought will soon end as countries seek funding for a slew of principal payments coming due this year and next. […]
News in South Africa 10th January: 1. SA’s R990 billion problem: It’s been nearly a decade of waning foreign interest in South African stocks, with outflows nearing R1 trillion over the period. Last year was the eighth year in a row that foreign investors dumped South African equities — a record-long streak — selling stocks […]
News in South Africa 6th December: 1. Govt pollution harms children: Two studies ordered by South Africa’s government into the impact of air pollution on community and child health showed emission limits it imposed on companies that emit the toxins are insufficient. The studies were undertaken in key industrial regions by academics at the University […]
News in South Africa 29th November: 1. No support after bird flu outbreak: Government’s promises to assist the local poultry industry following the avian flu outbreak earlier this year have yet to materialise. The outbreak led to the culling of millions of birds, which caused a reduction of 30% in the production of hatching eggs. […]
News in South Africa 27th November: 1. Eskom hit stage 8 load-shedding: Energy analyst Chris Yelland said Eskom hit stage 8 power cuts according to the official national code of practice for load shedding. Speaking to reporters, Yelland said many people, including his family in Craighall Park, are experiencing 12 hours of load-shedding daily. “If […]
News in South Africa 24th November: 1. SARB keeps rates on hold: For its final decision of the year, the Monetary Policy Committee left SA’s key interest rate unchanged at 8.25% for a third consecutive meeting, in line with economists’ expectations. This comes after annual consumer price inflation leapt to 5.9% in October from 5.4% […]
News in South Africa 21st November: 1. Sars APN impacts imports: On 1 December, the South African Revenue Service (Sars) will implement new advance payment notification (APN) requirements in a bid to combat illicit cash flows. The changes will impact all import payments valued at R50 000 and above. An APN is an application made by […]
News in South Africa 31st October: 1. Election clean up: South Africans should use next year’s elections to vote out “useless” politicians who have failed to prioritise jobs and drive investment, and choose leaders who will get the struggling economy back on track, according to one of the country’s top bankers. “You have to have […]
News in South Africa 30th October: 1. Midterm budget this week: As Minister of Finance, Enoch Godongwana prepares to deliver his mid-term budget speech this week, he said that if the country doesn’t cut expenditure and increase borrowing, it will be out of cash by the end of March 2024. He made the comments at […]
