economy

economy

R10 Billion Injection for State-Owned Bank in South Africa

R10 Billion Injection for State-Owned Bank in South Africa

Africa-Press - South-Africa. South Africa’s Land and Agricultural Development Bank has received R10 billion in capital injections over the past five financial years. This state-owned...
Edward Kieswetter Loses R27 Billion Annually

Edward Kieswetter Loses R27 Billion Annually

Africa-Press - South-Africa. An estimated 70% of cigarettes sold in South Africa are illicit, leading to annual tax revenue losses of over R27 billion. Finance...
SA's Trade Surplus with US and Deficit with BRICS

SA’s Trade Surplus with US and Deficit with BRICS

Africa-Press - South-Africa. The South African Revenue Service’s (SARS’s) 2024 data showed that South Africa has a trade surplus of R37 billion with the...
Eskom and South Africa Facing Serious Trouble

Eskom and South Africa Facing Serious Trouble

Africa-Press - South-Africa. Eskom is operating on the edge, with demand consistently outstripping supply and load-shedding only being averted by load reduction, increased imports,...
South Africa heading for financial storm

South Africa heading for financial storm

Africa-Press - South-Africa. South Africa’s declining economic performance over the past 15 years has translated into a looming financial crisis, with the government’s debt...
Minister Tau Says SA Diversifying to Mitigate US Tariffs

Minister Tau Says SA Diversifying to Mitigate US Tariffs

Africa-Press - South-Africa. Trade, Industry and Competition Minister, Parks Tau, says South Africa is diversifying and looking elsewhere to mitigate the impact of the...
South Africa faces new electricity crisis

South Africa faces new electricity crisis

Africa-Press - South-Africa. A high-stakes power play between Johannesburg’s electricity distributor, City Power, and Eskom Distribution has reached a fragile settlement, ending a four-year,...
South Africa Needs R390 Billion to Avoid Load-Shedding

South Africa Needs R390 Billion to Avoid Load-Shedding

Africa-Press - South-Africa. South Africa requires approximately R390 billion in financing over the next decade to integrate new generation capacity from privately funded renewable...
Dawie Roodt Warns About Inflation and Interest Rates

Dawie Roodt Warns About Inflation and Interest Rates

Africa-Press - South-Africa. A fresh wave of tariffs on goods imported into the United States threatens to raise global inflation and weaken emerging market...
South Africa Facing Serious Financial Trouble

South Africa Facing Serious Financial Trouble

Africa-Press - South-Africa. South Africa’s National Treasury is worried that the US’s proposed 30% tariff could hit tax revenues and is modelling the impact...