Police in Washington Street in Langa in the Western Cape clamp down on an illicit alcohol operation where the liquor was confiscated on 10 September 2024. The illicit alcohol industry is a R25-billion industry, operating in the shadows, and threatening public health while robbing the fiscus of much-needed revenue. This is according to the latest…
FILE | A view of the Oval Office during a press conference between President Cyril Ramaphosa and US President Donald Trump. US President Donald Trump has posted a letter to President Cyril Ramaphosa on Truth Social informing him that South Africa will be charged a tariff of 30 percent from the 1st of August on…
Rand note and coins. The South African Reserve Bank‘s (SARB) Prudential Authority says it is difficult to assess the potential impact of tariffs on the economy or financial systems at the moment. The regulator and supervisor for licensed financial institutions in the country says the financial stability committee has been in talks over tariffs. Businesses…
Distribution workers work with tangerines at Goede Hoop Citrus in Citrusdal, Western Cape province, South Africa, July 9, 2025. US President Donald Trump’s threatened 30% tariff on South African exports is set to deal an economic blow to a community he has vocally and controversially championed: white farmers. Citing false claims that white South Africans…
Agriculture Minister John Steenhuisen. Agriculture Minister, John Steenhuisen, says the looming export tariff hike by the United States on South Africa shows the country needs urgent reforms. US President, Donald Trump, announced a 30% tariff on South African exports to the US effective from August 1. Economic experts react to the 30% tariff imposed by…
File Image: A man walks past the International Monetary Fund (IMF) logo. The International Monetary Fund says debt vulnerability in sub-Saharan Africa is mounting due to high global uncertainty, tighter global financial conditions and rising borrowing costs. However, it says the region is tackling this issue head-on and public debt ratios have stabilized on average….
The start of many municipalities’ financial year has seen an escalation in tariffs for services including electricity as well as water and sanitation. The financial year started last week. The National Energy Regulator of South Africa (NERSA) approved a 12.7% electricity tariff hike in 2025, along with changes to how Eskom structures its pricing. The…
A person shows US dollars at a currency exchange store The US dollar hovered near its lowest since 2021 against the euro and the weakest since 2015 versus the Swiss franc on Monday, with traders alert for any trade-related headlines in the countdown to President Donald Trump’s tariff deadline. Most US trade partners are set…
[File photo] A blanket limitation would have been detrimental to wine tourism and the agro-processing economy. Agro-processors in Gauteng say government support could unlock greater opportunities for growth in the sector. The provincial government has identified agro-processing as a key driver for creating jobs, innovation and economic inclusion. This week, it held the 2025 Agro-processing…
Citrus Growers Association say SA is the second largest exporter of citrus fruit in the world. South Africa is the second largest exporter of citrus fruit in the world after Spain. Citrus is South Africa’s largest agricultural export industry, supporting over 140,000 jobs on farms and contributing R34 billion in foreign revenue per season. Government…
