Business

1 minute Mineral and Petroleum Resources Minister Gwede Mantashe officiates over the South African National Petroleum Company (SANPC) launch in Sandton, Johannesburg. LIVE STREAM BELOW:

MultiChoice logo is displayed outside the company’s building in Cape Town, South Africa 1 minute The Competition Commission South Africa has recommended that the Competition Tribunal approve the proposed transaction whereby a French company intends to acquire MultiChoice Group with conditions. French company, Canal+, is a leading international integrated media and broadcasting company. Canal +…

2 minutes Deputy President Paul Mashatile has urged business leaders to double the volume of trade between South Africa and France. The call came at the opening of an investment conference in the French capital. With President Ramaphosa in Washington seeking to repair relations with the Trump administration, the Deputy President’s trip is a chance…

2 minutes The Economic Freedom Fighters (EFF) leader, Julius Malema says Finance Minister, Enoch Godongwana has reneged on extending the zero-VAT rated list. Godongwana delivered the third instalment of this year’s Budget to parliament in Cape Town. The Budget was delayed as the ANC and GNU partner, the DA, were at loggerheads over the proposed…

Road construction 2 minutes Over the medium term, government plans to allocate over R1 trillion to infrastructure projects across the country, this is according to Finance Minister Enoch Godongwana. “This budget invests over R1 trillion in critical infrastructure to lift economic growth prospects and improve access to basic services,” he said while iterating the third…

Petrol attendan fills fuel into a vehicle. 2 minutes Finance Minister Enoch Godongwana has proposed a revised National Budget that abandons the VAT hike and introduces new tax proposals generating R18 billion in additional revenue in 2025/26, and R19 billion in 2026/27. While presenting Budget 3.0 on Wednesday, Godongwana told Parliament that he would be…

1 minute The Rand held firm against the US dollar ahead of the budget speech this afternoon, a pivotal day for the South African economy. This is according to Statistics South Africa’s release of the Consumer Price Inflation data for April. Inflation dropped sharply to 2.7% in March, the lowest since June 2020. On Tuesday…

1 minute Finance Minister Enoch Godongwana’s third attempt at tabling the Budget, following a standoff over a VAT hike which National Treasury has since withdrawn. LIVE |

Chalkboard with debt written on it 1 minute South Africa’s debt servicing costs are projected to reach R426.3 billion in the current financial year. According to Finance Minister Enoch Godongwana, this means that 22 cents of every rand collected in revenue will go toward paying off debt. Godongwana made the announcement while presenting the 2025/26…

1 minute Deputy President Paul Mashatile says the government plans to spend R940 billion on infrastructure investments over the next three years. He says South Africa wants to collaborate with France by investing in infrastructure like ports, rail, and power to promote local value-added trade throughout Africa. Mashatile was addressing the SA-France Investment Conference on…