Cranes ready to load containers onto ships at Durban Harbour. Concerns are mounting over the US’ recently imposed 30% tariff on South Africa and its potential ripple effects on South Africa’s small and medium-sized enterprises. This has prompted some economists to advise SMEs to be innovative and adapt to the current global economic situation. In…
Workers at a clothing factory employed in South Africa. BankservAfrica’s latest data shows that South African salaries held steady in June, following three months of moderation. The average nominal take-home pay was R17,310 in June 2025, a marginal decline of just 0.1 % from the R17,325 recorded in May. Despite this slight dip, salaries remain significantly…
President Cyril Ramaphosa speaks during the swearing in ceremony of Acting Police Minister Professor Firoz Cachalia at the Union Buildings in Pretoria on 01 August 2025. President Cyril Ramaphosa has vowed to support South African businesses that the United States imposed tariff hikes will affect. The 30% tariffs on exports to the US will only…
A street view of the City of Johannesburg – the economic hub Political economist Bongani Mahlangu has called on South Africa to strengthen economic ties within the African continent to counter the effects of the new US-imposed tariffs, which are set to take effect in seven days. South Africa is among several countries affected, with…
Minister of Trade, Industry and Competition, Parks Tau, speaks during a press conference in Washington, D.C., in the United States on 21 May 2025. New United States (US) tariff rates have taken effect for dozens of countries, including South Africa. The countries have not yet reached a trade deal with the US. The rates have…
Former President Kgalema Motlanthe speaking at an event South Africa will continue to engage with the United States of America. This amidst global anxiety about US President Donald Trump’s sweeping tariffs that will take effect on August 1. Former President Kgalema Motlanthe’s foundation hosted a seminar looking at how Pretoria should navigate the new order….
[FILE IMAGE]: Reserve Bank Governor, Lesetja Kganyago. The UDM, Costu, ActionSA and Build One South Africa (BOSA) have welcomed the decision by the South African Reserve Bank’s Monetary Policy Committee (MPC) not to increase interest rates. The MPC announced today it would cut the repo rate by 25 basis points. The organisations say the cut…
Minister Gwede Mantashe. Mineral and Petroleum Resources Minister Gwede Mantashe says South Africa should not be bullied into trading its critical minerals based on unfavorable terms and conditions. He says South Africa should not be apologetic for being a BRICS partner because it destabilizes the balance of forces and global leadership. He was delivering a…
Reserve Bank Governor Lesetja Kganyago. Reserve Bank Governor, Lesetja Kganyago, says the Monetary Policy Committee has decided to cut the repo rate by 25 basis points to 7%. This means that the prime lending rate drops to 10,5%. Kgyanyago was speaking in Pretoria. The MPC also cut the repo rate by 25 basis points at…
COGTA Minister Velenkosini Hlabisa leads a high-level engagement with business leaders at the East London International Convention Centre in the Eastern Cape on July 30, 2025. Cooperative Governance and Traditional Affairs (COGTA) Minister Velenkosini Hlabisa has reiterated the call for non-viable municipalities to cease to exist and believes keeping them is irresponsible and hinders service…
