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…
File Image: The Cape Town headquarters of the South African Revenue Service (SARS) is seen in this picture. The South African Revenue Service (SARS) has official kicked off the 2025 tax filing season. Provisional and non-provisional taxpayers are expected to start receiving notifications for automatic assessment from today. The auto assessment is targeted at taxpayers…
Person with an empty wallet The legal, psychological, and employment implications of over-indebtedness and financial stress cannot be ignored. That’s according to Associate in Employment Law at Cliffe Dekker Hofmeyr, Malesela Letwaba. Letwaba says excessive debt has been linked to deteriorating mental health, impaired decision-making, and diminished functional capacity. “Employees with changing times, rising inflation…
BRICS includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. The BRICS member countries have been discussing improving trade relations at a time when the world is facing many economic challenges. The decision of the US to impose trade tariffs has forced many countries to seek alternative markets,…
State Visit by Dr Alexander Van Der Bellen, Federal President of the Republic of Austria, July 4, 2025. Austrian President Alexander Van der Bellen says his objective is to place his country firmly on the map in South Africa. He also says it’s important for the two countries to build a mutually beneficial relationship. Austria…
