News Updates:



Economy / 05-12-23 / Duty Editor

SA's GDP decreases by 0,2% in the third quarter of 2023

"South Africa’s gross domestic product (GDP) decreased by 0,2% in the third quarter of 2023. The agriculture, forestry and fishing industry decreased by 9,6% in the third quarter of 2023, contributing -0,3 of a percentage point to the negative…

Economy / 23-11-23 / Shelly Nxumalo

Cape Town CBD to take back the power amid electricity crunch

Rob Kane, chairperson of the CCID Board and CEO of Boxwood Property Fund, says by taking responsibility and ownership of their own power-saving initiatives, stakeholders can ensure that Cape Town's world-famous CBD continues to thrive.

Economy / 15-11-23 / Tommy Jackson

Coega successes the foundation for Gqeberha's revival: Alan Moore

“When Coega was launched we were told that it would change the city’s landscape and industry. For a long time, however, we just considered it to be something that was happening along the coast that didn’t really have any ‘wow’ factor,” says…

Economy / 15-11-23 / Shelly Nxumalo

Southern Africa Europe CEO Dialogue celebrates 10th year as bilateral trade reaches record levels

“Any single market is successful if it is incremental. It is impossible to start altogether in a broad, complete way. We started with 12 countries in the EU, now we are 28 and in the next decade we will be at 36 countries as part of the European…

Economy / 13-10-23 / Chris Smit

Meeting SA's 2050 Net Zero emission requirements before it becomes costly and arduous

"Consequently, rural communities will be the first to bear the brunt, as quality of life, livestock and the overall surrounding environment will deteriorate, making it difficult to survive. Remedying the situation will require tremendous effort…

Economy / 25-08-23 / Tau kaVodloza

Housebreakings on the rise SA in households in the year 2022/23: Stats SA

"In 2022/23, an estimated 1,6 million incidences of housebreaking occurred, affecting 1,1 million households in South Africa. The number of affected households represents 5,7% of all households in the country," says Statistics South Africa (StaSA)…

Economy / 03-08-23 / David Rees

David Rees | Chile fires the starting gun on EM easing cycle

According to David Rees, Senior Emerging Markets Economist at Schroders, the Central Bank of Chile's (CBC's) decision to lower rates by more than expected on Friday is likely to signal the start of a broad emerging market (EM) easing cycle,…

Economy / 24-07-23 / Sisanda Ndlovu

SA manufacturing industry continues to shrink

According to the latest manufacturing survey released by Statistics South Africa (Stas SA) on Monday, 24 July 2023, South Africa has lost 309 000 jobs (-22,1%) in manufacturing since 2005.

Economy / 21-07-23 / Chris Smit

SA’s manufacturing sector and the golden opportunities for SMEs

"The strategic positioning of small businesses along the industry's supply and value chains will serve to unlock the sector's potential as a bolstered contributor to our country's GDP, socioeconomic development and the broadening of the fiscal…

Economy / 14-07-23 / Tommy Jackson

BLSA and government plan to save South Africa – but will it work?

"The private sector and government need to be driven by this notion that we're losing credibility in the foreign business landscape, and we need to focus on regaining our credibility as the goal," says Busisiwe Mavuso, Chief Executive Officer…

Economy / 27-06-23 / Duty Editor

SA loses more jobs in the first quarter of 2023

Total employment decreased by 97 000 or -1,0% year-on-year between March 2022 and March 2023, reports StatsSA.

Economy / 14-06-23 / Duty Editor

NHI Bill gets green light from National Assembly

“This in itself is a major milestone. We’ve been on this path over a long period, almost 12 to 14 years, starting with policy development and was also delayed by the advent of the pandemic after it was submitted to Parliament,” says Health Minister,…

Economy / 26-05-23 / Tau kaVodloza

Minister of Electricity finally gets needed powers to procure electricity

President Cyril Ramaphosa has, in terms of Section 97 of the Constitution, signed a proclamation that transfers to the Minister of Electricity certain powers and functions entrusted by the Electricity Regulation Act (Act No 4 of 2006), a role…

Economy / 24-05-23 / Shelly Nxumalo

National Budget trade-offs reflect the ‘simple logic of politics’, says expert

According to Michael Sachs, adjunct professor at the Southern Centre for Inequality Studies, one of the most significant of these trade-offs involved the public sector wage bill increase, where in reality, the salary increases for public sector…