South Africa faces turbulent economic outlook, rising inflation as US tariffs wreak havoc

Siphelele Dludla|Published

"President Trump's new 30% tariff on South African imports has sent shockwaves through the JSE, causing it to plunge 3. 4%. Economists warn of significant impacts ...

MTN CEO Ralph Mupita appointed deputy chair of GSMA Board to steer mobile innovation

Siphelele Dludla|Published

MTN Group CEO Ralph Mupita has been elected to serve as deputy chair of the GSMA Board of Directors until 2026, bringing his extensive telecommunications experience ...

Gauteng Investment Conference secures over R312bn in commitments for economic growth

Siphelele Dludla|Published

The inaugural Gauteng Investment Conference has exceeded expectations by securing R312. 5bn in investment pledges against a target of R300bn, positioning South Africa's ...

US tariffs pose new challenges for South Africa’s mining industry, warns Minerals Council

Siphelele Dludla|Published

The Minerals Council South Africa warns that new US tariffs could negatively impact global economic growth and mineral demand, despite key exports like PGMs and ...

Black businesses urged to acquire Pick n Pay amid retail struggles

Siphelele Dludla|Published

Former Statistician-General Pali Lehohla has called on organised black businesses to consider acquiring the struggling retail giant Pick n Pay, highlighting the ...

Rand nosedives to 1-month low amid budget turmoil and political uncertainty

Siphelele Dludla|Published

The rand has depreciated to R18. 78 against the US dollar, reaching its lowest point since February as Parliament narrowly passes the controversial budget with a ...

PIC invests R700 million in Africa50 to boost infrastructure development

Siphelele Dludla|Published

The Public Investment Corporation (PIC) has invested R740 million in Africa50 Group, becoming its 36th shareholder. This strategic partnership aims to address Africa's ...

Export momentum sees SA automotive sector thriving despite looming US tariffs

Siphelele Dludla|Published

South Africa's automotive sector demonstrates remarkable resilience with a 31. 1% surge in export sales and 12. 5% growth in domestic vehicle sales, even as it faces ...

Ramaphosa endorses Swazi Tshabalala's bid for African Development Bank presidency

Siphelele Dludla|Published

President Cyril Ramaphosa has officially endorsed Swazi Tshabalala as South Africa's candidate for the African Development Bank presidency, citing her exceptional ...

South Africa embarks on independent transmission programme to boost energy security

Siphelele Dludla|Published

Energy Minister Dr Kgosientsho Ramokgopa has announced a groundbreaking Independent Transmission Programme that will allow private investment in South Africa's electricity ...

Manufacturing sector bracing for further decline amid power woes and US tensions

Siphelele Dludla|Published

The Absa PMI remained in contractionary territory for a fifth consecutive month, although it improved slightly to 48. 7 in March. Manufacturers expect deteriorating ...

PwC warns of energy risks and water shortages as business concerns rise in South Africa

Siphelele Dludla|Published

Despite the suspension of load shedding since March 2024, PwC's latest South Africa Economic Outlook reveals that business leaders still consider energy disruptions ...

Jameel Motors expands its footprint in South Africa with Changan Automobile collaboration

Siphelele Dludla|Published

Jameel Motors announces strategic partnership with Chinese automotive giant Changan Automobile to distribute SUVs, sedans, pickups, and new energy vehicles in South ...

Budget negotiations and Trump tariffs spark rand's decline amidst political turmoil

Siphelele Dludla|Published

The rand has fallen nearly 1% against the US dollar as Parliament faces a critical Budget deadline. With GNU parties divided over proposed VAT increases and economists ...

SA mining industry pushes for zero harm as fatalities reach record low

Siphelele Dludla|Published

The South African mining industry achieved a historic low of 42 fatalities in 2024, marking a 24% decrease from the previous year. However, despite this progress ...

US banking rules may affect South African banks over reputational risk closures

Siphelele Dludla|Updated

A legal expert warns that South African banks could face US sanctions following new American legislation that prohibits account closures based on reputational risk. ...

South African Reserve Bank hints at revising inflation target amid economic pressures

Siphelele Dludla|Published

"SARB Governor Lesetja Kganyago has indicated the central bank is considering lowering its inflation target from the current midpoint of 4. 5% towards 3%, potentially ...

Producer price inflation expected in 2025 to rise despite dipping in February

Siphelele Dludla|Published

South Africa's Producer Price Inflation moderated to 1% in February, below market expectations of 1. 3%. Despite this easing, analysts predict a gradual uptick throughout ...

US takes firm stand to eliminate reputational risk in banking, stirring debate in South Africa

Siphelele Dludla|Published

The US Banking Committee has moved to eliminate 'reputational risk' as a reason for account closures, challenging a practice South African banks have long used to ...

Emirates enhances South Africa routes with upgraded Boeing 777 aircraft

Siphelele Dludla|Published

Emirates Airlines is elevating travel experiences between South Africa and Dubai with the introduction of retrofitted Boeing 777 aircraft featuring new Premium Economy ...

South Africa unlocks green finance potential with new taxonomy report

Siphelele Dludla|Published

Currently, South Africa requires a minimum three to fivefold increase in climate finance, from an annual average of R131 billion, to meet its NDCs.

SARB interest rate easing cycle likely coming to an end, says Absa

Siphelele Dludla|Published

Absa's economic team warns that the South African Reserve Bank's interest rate cutting cycle may be coming to an end following the decision to keep the repo rate ...

Telkom enters the MVNO market to enhance competitiveness, support black-owned businesses

Siphelele Dludla|Published

Telkom has entered South Africa's rapidly growing Mobile Virtual Network Operator market through a strategic partnership that enables multiple MVNOs to access its ...

UN urges African nations to harness AfCFTA for economic resilience amid global tensions

Siphelele Dludla|Published

The UN Economic Commission for Africa's latest report urges African governments to implement the African Continental Free Trade Area agreement as a strategic response ...

Telkom shares surge as R6. 75bn sale of Swiftnet tower business nears completion

Siphelele Dludla|Published

Telkom's share price increased by 2. 9% following the announcement that all conditions have been met for the R6. 75 billion sale of its Swiftnet tower business to ...