[File image] 3 minutes The dollar traded sideways on Tuesday after declining for a week, hemmed in by the Federal Reserve’s caution over the economy and as US lawmakers came closer to passing a bill expected to widen the nation’s fiscal deficit. The greenback sold off broadly on Monday following last week’s downgrade of the US sovereign rating by Moody’s…
[File image] 2 minutes An economist at the North West University says deteriorating infrastructure has negatively affected the province’s economy. Olebogeng Baikgaki’s statement comes amid motorists’ complaints about the poor state of roads in the province. It also comes ahead of the Finance Minister Enoch Godongwana’s third budget, which is expected to be tabled on…
A branch of the SA Post Office Office. 2 minutes The South African Post Office (SAPO) has entered into a R381 million agreement with the Unemployment Insurance Fund (UIF) aimed at preserving jobs and supporting the organisation’s recovery plan. The funding will be provided through the UIF’s Temporary Employer-Employee Relief Scheme (TERS) over a six-month…
Finance Minister, Enoch Godongwana delivers the 2025 Budget Speech before the National Assembly on March 12, 2025. 2 minutes Parliament is set to host the third tabling of the 2025 national budget on Wednesday. The process follows two previous attempts that were halted due to political and legal challenges. The initial budget presentation was cancelled…
Standard and Poor’s 1 minute Rating agency Standard and Poor’s (S&P) has affirmed South Africa’s debt ratings at sub-investment grade of BB minus and BB, and also maintained the positive outlook. In its latest review released last night, S&P says the rating is still constrained by relatively low GDP growth rates, as well as sizable…
Citrus being packed for export 1 minute Agri Western Cape says commercial farmers exporting to the United States of America will be hard hit if the African Growth and Opportunity Act (AGOA) agreement with America is not renewed. President Cyril Ramaphosa is heading a delegation to the US to discuss, among others, trade and tariff…
Woman holds US dollar banknotes in this illustration taken May 30, 2022. 1 minute Rating agency Moody’s has downgraded the credit rating of the United States from its highest notch, citing a high debt and interest burden that is significantly higher than similarly rated sovereigns. The agency said the one-notch downgrade from AAA to Aa1…
Citrus being packed for export 1 minute Minister of Agriculture John Steenhuisen says his ministry is working on improving relations with the US government, as agriculture is the fabric of South Africa. Speaking at the NAMPO agricultural exhibitions in Bothaville, Steenhuisen says as agriculture contributes directly to the country’s food security, the 49 Afrikaners who…
Deputy President Shipokosa Paulus Mashatile undertakes a walkabout through the exhibitions to witness the best agricultural technologies and products on offer at #NAMPOHarvestDay taking place at NAMPO Park in Bothaville, Free State. 2 minutes Deputy President Paul Mashatile has encouraged unity among South Africans. He has dismissed claims that white farmers are being persecuted and…
President Cyril Ramaphosa delivers the opening address at a government function. 1 minute President Cyril Ramaphosa says it’s all systems go for the National Budget to be presented on Wednesday. Finance Minister Enoch Godongwana is back to the drawing board, crafting a third Budget after the first two attempts failed due to disagreements among members…
