Finance Minister Enoch Godongwana remains optimistic that South Africa’s economy can grow by more than 3 percent over the next three years, despite a downward revision to the country’s growth forecast. The minister has lowered the economic growth projection for this year to 1.2 percent, from the 1.6 percent forecast in February. Speaking at a…
Finance Minister Enoch Godongwana has announced temporary fuel levy cuts to ease pressure on households and businesses, delivering slight relief at the pumps. Delivering the Medium-Term Budget Policy Statement on Wednesday, Godongwana said the diesel levy will be cut by R3 per litre, while the petrol levy will be reduced by R1.50 per litre. The…
German Chancellor Friedrich Merz has called on United States President Donald Trump to invite South Africa to the upcoming Group of 20 leaders summit in Miami. “Anyone talking about the future of the global economy must involve all major partners. Obviously, Africa belongs at the table,” Merz told a conference in Berlin on Wednesday. “The…
The Eastern Cape continues to grapple with an unemployment rate of more than 47%, while youth unemployment exceeds 50%.Residents are hoping the 2026 Medium-Term Budget Policy Statement (MTBPS) will introduce measures to stimulate economic growth, attract investment and create jobs. South African Youth Council Provincial Executive Member Zikhona Matyila says the budget should prioritise funding…
Nearly 35 000 jobs could be lost in the clothing, textile, leather and footwear sector by 2030 if global online retailers such as Temu and Shein are not properly regulated, the Southern African Clothing and Textile Workers’ Union (SACTWU) has warned. The two China-founded e-commerce platforms have grown rapidly in South Africa in recent years,…
President Cyril Ramaphosa will lead a delegation to Silicon Valley in the United States next month to explore new opportunities in artificial intelligence (AI). Ramaphosa confirmed this during an engagement with journalists and editors in Sandton on Monday, during the commemoration of Black Wednesday. He said the delegation will include government officials, the business sector…
The South African Social Security Agency (SASSA) has announced revised social grant payment dates for November ahead of the upcoming Local Government Elections. In a media statement issued on Tuesday, the Agency confirmed the adjustment to avoid clashing with the polls scheduled for 4 November 2026.According to the revised schedule:- The elderly will receive their…
Each year the Finance Minister tables a budget setting out how government raises and spends money. Here is what to look for.
South African labour law sets out basic rights and duties. An overview of key protections.
Trade links South Africa to the world economy. Here is how exports, imports and tariffs affect growth and everyday prices.
