A worker seen at a farm. 2 minutes Democratic Alliance (DA) leader John Steenhuisen has warned that the 31% tariffs imposed on South Africa by the US pose challenges for the Agriculture Industry and could jeopardise thousands of jobs across the sector. The Trump administration’s global import tariffs have come into effect. The US has imposed…
Wallet, cash, pocket image. 1 minute Over four municipalities in the Northern Cape are contravening Section 13A of the Pension Fund Act 24 of 1956 by withholding third-party payments to various municipal pension funds. MEC of Finance, Economic Development and Tourism, Venus Blennies-Magage, last month warned implicated Chief Financial Officers and senior officials that they…
5 minutes South Africa has adopted an investment roadmap to fund the expansion and modernisation of its transmission infrastructure. Government aims to tap into the private sector’s resources to raise R440 billion for the rollout of transmission infrastructure in the next 10 years. South Africa amended the Electricity Regulation Act going into 2025 to allow…
2 minutes Economist says recent developments around the government of national unity have cast a cloud on the country’s economic future. On Wednesday, the Democratic Alliance (DA) voted against the 2025 fiscal framework passed by the National Assembly during a heated session. Standard Chartered Chief Economist for Africa and the Middle East Razia Khan says…
File image: The Cape Town headquarters of the South African Revenue Service (SARS) is seen in this picture. 1 minute The South African Revenue Services (SARS) says it has made provisions to go ahead with the 0.5% VAT increase on May 1 despite receiving court papers about Democratic Alliance (DA) plans to interdict the Value-Added Tax…
2 minutes China said on Saturday “the market has spoken” in rejecting US President Donald Trump’s tariffs, and called on Washington for “equal-footed consultation” after global markets’ dramatic reaction to the trade levies, which drew Chinese retaliation. Several Chinese commerce associations in industries from healthcare and textiles to electronics also issued statements on Saturday calling…
Trade, Industry and Competition Minister Parks Tau 1 minute Trade, Industry and Competition Minister Parks Tau says South Africa has been looking for other trade partners including in Asia and other parts of the world. He says the country had already planned to diversify its trade relations with other countries before the announcement by the…
Trucks at a South African port 1 minute The president of the National African Federated Chamber of Commerce and Industry (NAFCOC), Gilbert Mosena says it’s about time that Africa becomes innovative and does not rely on products from other countries. He was responding to US President Donald Trump’s tariff announcement and its impact on business….
Deputy President Shipokosa Paulus Mashatile virtually delivering the Inaugural Gauteng Investment Conference keynote address, March 4, 2025. 1 minute Deputy President Paul Mashatile has stressed the importance of investing in skills and education in order to unlock economic growth and job creation. Delivering a keynote address at the inaugural Gauteng Investment Conference, Mashatile emphasised that…
Cargo ships are loaded with containers as it is docked at the port of Bangkok, in Bangkok, Thailand, April 3, 2025. 3 minutes Political Analyst Thembisa Fakude says a global trade war is inevitable, as various countries are likely to retaliate against the tariffs imposed by US President Donald Trump. Last night, Trump announced tariffs…
