As South Africa prepares to host the sixth SA Investment Conference, government leaders and economists say global instability, including tension in the Middle East, unexpectedly boost the country’s appeal as a stable investment destination
With oil prices climbing to $120 a barrel and the Strait of Hormuz shut, analysts say the G7 missed a critical opportunity to push for peace in the escalating US-Israel-Iran conflict
As productions stall and jobs disappear, film workers say a broken incentive scheme threatens the future of one of South Africa’s most visible industries
Only 3% of reform work under phase two of the economic readjustment initiative has been completed, about 27% is delayed or off track, and 53% is under way
The AfDB says the country’s economy continues to underperform, weighed down by structural deficiencies that constrain the financial sector
The statistics agency’s youth report notes worsening joblessness, hunger and safety concerns among South Africa’s youth
The EFF criticises it as ‘unimaginative’ and not benefiting poorer South Africans, while the DA calls it a step towards ending ‘unchecked government spending’
Business leaders call for more investment to help youths start businesses and to tackle joblessness
The parties remain divided over an increase in VAT, which the DA says South Africans cannot afford
The stand-off between the two parties dates back to 19 February when DA leader John Steenhuisen made clear the party would not support a national budget that proposed a two percentage point increase in VAT
Last year, the finance minister hinted there would be tax increases in 2025
The country’s ports and rail systems are shambolic, but GNU and a pause in load-shedding have elicited some optimism
The pause in load-shedding and government’s collaboration with business signals a positive shift, the delegation says
Economists incorrectly predicted a slight uptick in GDP
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
In this financial year’s budget, Parliament did not allocate funding for the South African Post Office, which is waiting for a R3.8 billion tranche
The industry wants excise tax relief amid declining sales and economic strain
White maize prices are likely to be 30% higher, with yellow maize up by 20%
President Cyril Ramaphosa’s Operation Vulindlela is forging ahead with its next phase amid ongoing wrangling over positions in his executive
Earlier this year, the ratings agency warned that a significant increase in the government’s debt-to-GDP ratio could knock its credit rating
