The newly revamped PayInc Economic Index increased in August, signaling an uptick in economic activity. This index replaces the BETIBankservAfrica Economic Transactions Index and is now the primary tool for assessing economic activity. Despite the increase seen in August, the economy still faces numerous challenges, including higher US import tariffs, inefficient rail and port infrastructure,…
[FILE IMAGE]: Wine bottles. The National Liquor Traders Council has called for scientific evidence into claims that the advertisement of alcohol contributes to road fatalities and domestic violence incidents. This follows the tabling of the Liquor Amendment Bill in Parliament, which seeks to ban the advertisement, promotion and product placement of alcohol across all media…
E-hailing drivers pickup zone. The Department of Transport has gazetted the National Land Transport Amendment Act (NLTAA). This means that e-hailing services like Uber and Bolt are now officially recognised as legal forms of public transport. Taxi Body South African National Taxi Council (SANTACO) has argued that the delay in implementing the NLTAA created unfair…
The South African Revenue Service (Sars) offices is seen in the image above. The South African Revenue Service is intensifying its efforts to ensure tax compliance among a new generation of taxpayers: social media influencers and those in the gig economy. The revenue service is taking a proactive approach this tax season, with a focus…
North West Province signboard Some entrepreneurs within the tourism sector in the North West Province say attracting more tourists to attraction sites has become a mammoth task. The province has officially launched tourism month, anticipating travellers across the country and foreign tourists to direct their spring and summer excursions to the Province. Thuso Monnagaratoe is…
Chinese cars at a port Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States. The Economy Ministry said the moves, which will increase tariffs to…
A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. US retail giant, Walmart, has announced that it plans to open its first branded stores in South Africa later this year. Their stores will offer fresh groceries, household essentials, clothing and technology, adding emphasis on sourcing products from local small and medium enterprises…
Rating agency Fitch has affirmed South Africa’s credit rating at the current sub-investment grade of double-B-minus (BB-) with a stable outlook. According to Fitch, South Africa’s credit rating is constrained by several factors, including low real growth, high poverty and inequality levels, along with rising government debt-to-GDP ratio. However, the rating is supported by a…
Citrus Growers Association say SA is the second largest exporter of citrus fruit in the world. South Africa’s citrus industry is exploring new markets in Saudi Arabia as exporters navigate tariff challenges in the US market. The Citrus Growers Association of Southern Africa says a recent trade mission to the Middle East country with the…
A worker gestures in front of steel bars at a Highveld Steel plant, which has a manufacturing agreement with ArcelorMittal steel company, in Middleburg, South Africa. The South African Federation of Trade Unions (Saftu) has called for a meeting with government ministers saying it wants them to address the unfolding unemployment crisis in the manufacturing…
