File image: SASSA banner. 2 minutes The South African Reserve Bank’s (SARB) suspension of the process to transition from the South African Social Security Agency’s (SASSA) gold cards to Postbank’s black ones has sparked uncertainty among social grant beneficiaries. The SARB has cited Postbank’s compliance regarding the security systems, limited banking infrastructure and poor communication…
Parliament in session 1 minute Some civil society groups say it is not late for Parliament to rectify the adoption of the 2025/26 Fiscal Framework and the revenue proposals including the proposed Value Added Tax. Parliament managed to pass the Fiscal Framework with the slight margin early this month. Matshidiso Lencoasa from Section 27 says…
Finance Minister Enoch Godongwana delivers the keynote address at the Financial Sector Conduct Authority (FSCA) South Africa Industry Conference on March 20, 2025. 1 minute Finance Minister Enoch Godongwana says various political parties’ proposals on how to generate revenue have some merit. Godongwana joined President Cyril Ramaphosa and other dignitaries in a meeting with the…
2 minutes The South African Reserve Bank (SARB) is forecasting growth to rise to 1.7 percent in 2025, despite the downside risks. The central bank released its monetary policy review for April 2025 noting that South Africa’s growth remains below its historical average of 2.5%. Estimates for this year are also far lower than the…
President Cyril Ramaphosa on board a Transnet vessel 1 minute President Cyril Ramaphosa has commended the Eastern Cape for the investment projects it has initiated to boost the economy of the province through its ports and the Coega Special Economic Zone. Ramaphosa is on a two day oversight visit to the Nelson Mandela Bay metro….
A container is loaded onto a cargo ship while docked at Hai Phong port, 3 minutes The World Trade Organisation sharply cut its forecast for global merchandise trade from solid growth to a decline on Wednesday, saying further US tariffs and spillover effects could lead to the heaviest slump since the height of the COVID…
Eskom electricity infrastructure. 2 minutes The North West government has embarked on a joint venture with the City of Matlosana in Klerksdorp in a bid to address energy supply challenges. Provincial Economic Development Department officials have handed over the Urban Blue International Gas Power project to the city for implementation. This will pave way for…
Mcebisi Jonas gestures ahead of the Judicial Commission of Inquiry probing state capture in Johannesburg, South Africa August 24, 2018. 1 minute The alliance of business leaders, Business for South Africa (B4SA), has hailed the appointment of a special envoy to the US as a crucial step towards improving relations between South Africa and America….
Deputy Minister in the Presidency for Planning, Monitoring and Evaluation, Seiso Mohai interviewed by the SABC News at the G20 Development Working Group meeting in Somerset West, Western Cape on April 15, 2025. 2 minutes Deputy Minister in the Presidency for Planning, Monitoring and Evaluation, Seiso Mohai, has called on the G20 Development Working Group…
Tax-related material on a desk. 1 minute Chairperson of the Standing Committee on Finance in Parliament, Joe Maswanganyi, says the decision to implement the proposed 0.5% Value Added Tax (VAT) increase rests solely with Finance Minister Enoch Godongwana. The proposed increase has drawn disagreement from members of the Government of National Unity (GNU). If implemented,…
