South African rand slips as investors eye inflation data

Source: Reuters. At 0706 GMT, the risk-sensitive rand traded at 17.64 against the dollar, 0.3% weaker than its previous close. The dollar index was last up about 0.15% against a basket of currencies as bets rose of another potential Donald Trump presidency. “The South African rand whipsawed last week as the USD gained across the…

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Godongwana relieved as Parliament adopts 2025 Budget

2 minutes Finance Minister Enoch Godongwana has expressed relief that the process of adopting the 2025 Fiscal Framework is now out of his hands. This is after the National Assembly adopted the framework on Wednesday. Godongwana only succeeded in tabling a budget on a third attempt, after discontent over his proposed VAT increase in the…

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Phoenix residents concerned about service delivery

Grove End in Phoenix 2 minutes Residents in Phoenix, north of Durban, have expressed dissatisfaction with proposed electricity tariff increases, property valuations and ongoing service delivery challenges during a public consultation on the eThekwini Municipality’s draft 2025/26 budget. The hearing took place at the Stonebridge Community Hall last week, as part of the municipality’s mandatory…

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