south african economylatest news & developments
The electricity that was generated in March this year decreased more than 5% compared to March 2022

Eskom profits rise again but tariff hikes remain the real story

The national power utility is heading for a second year of profits but experts say tariff hikes and state bailouts remain central to its financial recovery

The electricity that was generated in March this year decreased more than 5% compared to March 2022

Eskom profits rise again but tariff hikes remain the real story

The national power utility is heading for a second year of profits but experts say tariff hikes and state bailouts remain central to its financial recovery

The cost of petrol will fall by more than 60 cents a litre, while diesel users will benefit from reductions of up to R1.50 a litre. . (Oupa Nkosi)

Fuel prices to fall sharply, driven by lower global oil markets

From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less

Prasa, through the rolling stock recapitalisation programme, procured new rolling
stock for its Metro Rail operations as part of its long-term modernisation strategy.
(Delwyn Verasamy)

Prasa achieves first unqualified audit in nine years with 93% performance rate

The state-owned passenger rail agency has a long-term goal of 600 million trips by 2035

In September

Why Southern Africa’s ‘missing middle’ demands urgent action

This group faces systemic barriers in finance and education, hindering economic growth and upward mobility

Group Chief Executive Kennedy Bungane. Photo: African Bank

African Bank to relist on JSE in 2027, CEO Kennedy Bungane says

The bank’s executives say it has fully recovered after being suspended from the stock exchange in 2014 and is on a mission to broaden financial access and inclusion

The Trump’ administration’s trade tariffs have shaken the rand. Photo: File

How Trump’s tariffs exposed South Africa’s strategic trade failures

Missed diversification opportunities cost the country as US tariffs expose trade blunders, risking jobs, stability and billions in exports

South Africa’s digital economy is being undermined by local beneficiation for copper, which has become an essential mineral in the age of artificial intelligence — from data centres, electricity cables and battery storage. (Flickr)

Copper will determine South Africa’s digital economy success

The economy is expected to create a jobs boom if the country can fix its electricity grid and meet the increasing demand for local copper beneficiation

Build One South Africa leader Mmusi Maimane.  (David Harrison)

Maimane: ‘Whether you and I accept it or not our relations with the US are crucial’

The Build One South Africa leader said South Africa had neglected its relations with the US with the underlying mantra that to be anti-west is to be progressive

Political analyst Moeletsi Mbeki has indicted South Africa’s “ruling political elites” for contributing to the country’s economic dysfunction

Moeletsi Mbeki criticises ‘ruling political elites’ for ‘milking’ South Africa’s economy

The brother of former president Thabo Mbeki said the power of the ruling middle class must be diluted by the poor, the working class and property owners

Finance minister Enoch Godongwana.(Brenton Geach/Gallo Images via Getty Images)

Budget 3.0 – Godongwana’s last shot

Now that a VAT increase has been ruled out, the finance minister must find another way to plug a R75bn gap or risk collapsing public services and investor confidence

The government must ensure that investments in healthcare, education and social welfare do not suffer. Photo: Guillem Sartorio/AFP

Budget: Building economic resilience through three strategic interventions

Three actions — debt reduction, a youth solidarity tax and limiting increases in public-sector salaries — that could lead to sustainable prosperity

Sport, Arts and Culture Minister Gayton McKenzie. Photo: Delwyn Verasamy

Spinning out of control: McKenzie’s formula for disaster

SA’s sport minister is speeding towards Formula One glory — never mind the potholes, power grid or the fiscal cliff

Photo byPer-Anders Pettersson/Getty Images

South Africa needs innovation by design to fix fragile, failing systems

We must go beyond resilience to build systems that can survive disruptions, self-correct and grow better from them, turning stress into strength

Starting a formal business in South Africa is arduous, time-consuming, and expensive. (File photo)

Red tape and capital flight: Bureaucracy undermines SA’s economic future

Practical economic strategies are needed to change the regulations that hobble entrepreneurship and result in funds leaving the country

(Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images)

Global capital distribution’s tipping point and SA’s precarious path

Urgent reform is needed as dangerous socio-economic undercurrents swirl

Tax bracket over-inflation has led to income inequality and less money for essential services. Graphic: John McCann/Mail & Guardian

Tax Bracket Over-inflation: How the treasury is forfeiting R198bn a year

Tax bracket over-inflation has led to income inequality and less money for essential services

No cheers: The treasury aims to curb alcohol consumption because of its role in health problems and road deaths.

‘Tax is unlikely to deter drinkers’

The treasury wants to raise taxes on alcoholic beverages and set a minimum price per unit

South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Reserve Bank cuts repo rate to 7.5%

This was despite the central bank highlighting upside risks to the inflation outlook

Former finance minister, Tito Mboweni. (Waldo Swiegers/Bloomberg/Getty Images)

Business leaders remember Mboweni as self-starter, resolute

He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending