Economists warn GNU uncertainty could threaten economic outlook

[File image] President Cyril Ramaphosa meets with GNU partners. 2 minutes Economists say recent developments around the Government of National Unity have cast a cloud on the country’s economic future. On Wednesday, the DA voted against the 2025 fiscal framework passed by the National Assembly during a heated session. Standard Charted Chief Economist for Africa…

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SACCI seeks clarity on US imposed tariffs

US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. 2 minutes The South African Chamber of Commerce and Industry (SACCI) says they are seeking clarity on the calculations used and companies that are going to be affected by the imposed US…

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Tau calls on SA to grow its international trade presence

[FILE IMAGE] Trade, Industry and Competition Minister Parks Tau meets with the Black Business Council on August 12, 2024. 1 minute Trade, Industry and Competition Minister Parks Tau has emphasized the importance for South Africa to entrench and deepen its global presence amid growing geo-political tensions. The minister impressed upon delegates at the Gauteng Investment…

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NEHAWU members in KZN march over poor working conditions

Members of NEHAWU picketing 2 minutes The National Education, Health and Allied Workers Union (NEHAWU) in KwaZulu-Natal will today march and submit a memorandum of demands to the Department of Water and Sanitation highlighting concerns over poor working conditions. The union’s Durban Regional Secretary, Prince Mthalane, says one of the reasons that they will be…

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Gauteng government secures over R312bn in investment pledges: Maile

Gauteng’s Finance and Economic Development MEC, Lebogang Maile addresses the Gauteng Investment Conference in Johannesburg on April 3, 2025. 2 minutes Gauteng’s Finance and Economic Development MEC Lebogang Maile says the provincial government has secured over R312 billion in investment pledges, exceeding its target by R12.5 billion. Maile made the announcement while addressing delegates at…

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Rand plunges further as Trump raises trade tariffs

[File image] 1 minute The Rand has continued to extend its losses against the US dollar after President Donald Trump announced new and higher tariffs against its trading partners. On Thursday morning, the local currency plummeted to R18.83 to the dollar, just shy away from the R19 mark. This is on the back of risk…

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Parliament passes 2025 Budget

A look outside Parliament. 1 minute The National Assembly has adopted the 2025 Fiscal Framework and Revenue Proposal as tabled by Finance Minister, Enoch Godongwana, by a slight majority. The adopted framework includes recommendations that Treasury must be given 30 days to come up with alternatives to tax hikes, while scrapping the VAT hike and…

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Prasa strike over wage dispute looms

[File photo] A worker counts money 3 minutes Labour unions representing the majority of Passenger Rail Agency of South Africa (Prasa) workers are threatening strike action over a wage dispute. This after the South African Transport and Allied Workers Union (Satawu) and The United National Transport Union (Untu) declared a dispute of mutual interest with…

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