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South Africa’s 10-year bond yield is at a nine-month high at 10.75%, influenced by a contentious budget presentation from Finance Minister Enoch Godongwana. The revised budget was rejected by key …
South Africa’s 10-Year Bond Yield Reaches Nine-Month High Amid Political Tensions Read More
South Africa’s Finance Minister presented a revised budget with a smaller VAT increase, proposing a one-point hike to 16% by 2026/27. The Democratic Alliance opposed the budget, highlighting economic struggles …
South Africa’s Revised Budget Faces Opposition Despite Smaller Tax Hike Read More
Charles Russon, Absa CEO, emphasizes the need for policy certainty in South Africa to stimulate economic growth. He calls for responsible fiscal management in the upcoming budget presentation, which is …
Absa CEO Advocates for Policy Certainty to Enhance South African Growth Read More
The upcoming budget announcement on March 12th by Finance Minister Enoch Godongwana is deemed crucial for South Africa’s political stability. This budget could define the governing coalition’s future since the …
South Africa’s Critical Budget: A Defining Moment for Governance Read More
The proposed VAT increase in South Africa may hinder the recovery of consumer spending, according to Shoprite’s CEO. Concerns arise over consumers’ financial capabilities amidst high food costs and unemployment. …
Concerns Rise Over Proposed VAT Increase Impacting South Africa’s Consumer Spending Read More
South Africa’s economy grew by only 0.6% in 2024, the slowest in four years. Contributing factors included logistical issues, low consumer spending, and drought. Despite a stronger rand, challenges remained …
South Africa’s Economic Growth Slumps to Four-Year Low of 0.6% in 2024 Read More
South Africa’s economy grew at its slowest rate since 2020, at 0.6% in 2024. Logistical issues, weak consumer spending, and drought impacts hindered growth across most sectors. The finance sector …
South Africa Experiences Lowest GDP Growth Since Pandemic in 2024 Read More
The South African government is finalizing the 2025 budget, which will be presented to Parliament on March 12, 2025. Following discussions on fiscal challenges, a team led by Deputy President …
South Africa: Cabinet Finalizes Budget Plans Amid Fiscal Challenges Read More
The G20 finance meeting in Cape Town concluded without a consensus, disappointing many, especially South Africa. Key nations skipped the meeting, complicating discussions on climate finance and economic cooperation. The …
G20 Finance Meeting Concludes in Cape Town Without Consensus Read More
At the recent G20 meeting in South Africa, significant absences from finance leaders, including U.S. Treasury Secretary Scott Bessent and other key ministers, overshadowed efforts to address global poverty. This …
South Africa: G20 Meeting Faces Challenges Amid No-Shows and Aid Cuts Read More