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
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
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
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
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
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
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
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
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
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...