Reserve Bank's interest rate cut: response to low inflation and economic challenges

Ashley Lechman|Published

The South African Reserve Bank has lowered interest rates in response to a low inflation rate, but experts warn that rising taxes could still burden households. This article explores the implications of the rate cut and the ongoing economic challenge…

South Africa posts R14. 1bn trade surplus in April, down from March

Philippa Larkin|Published

South Africa's trade balance surplus has decreased to R14. 1bn in April from R22. 6bn in March. What factors contributed to this decline and what does it mean for ...

Transnet secures R51 billion bailout to enhance South Africa's rail and port infrastructure

Yogashen Pillay|Published

Transnet's recent R51 billion bailout from the South African government aims to address its substantial debt and enhance infrastructure investment, with experts ...

Transnet receives R51 billion bailout: Implications for South Africa's logistics sector

Yogashen Pillay|Published

Transnet's recent R51 billion bailout from the South African government aims to address its substantial debt and enhance infrastructure investment, with experts ...

Absa Group strengthens retail and business leadership team

Philippa Larkin|Published

Absa's new leadership team is set to transform retail and business banking, marking a pivotal moment in the bank's strategy for enhanced market competitiveness. ...

SA Reserve Bank cuts interest rates: What it means for consumers

Ashley Lechman|Published

South African consumers welcome the recent interest rate cut by the Reserve Bank, but experts warn that rising costs could negate the benefits. This article explores ...

Standard Bank and GIBS launch Youth Forward programme to combat youth unemployment

Ashley Lechman|Published

This initiative is set to empower 50 black youth-owned businesses with essential tools and support to thrive in the current challenging economic landscape.

Farmer brain drain could be worse than export loss for SA agriculture

Published

Excluding South Africa from Agoa could severely impact its agricultural sector, but the emigration of Afrikaner farmers poses an even greater threat. This article ...

Mixed reactions to Reserve Bank's 25 basis points interest rate cut

Yogashen Pillay|Published

Reserve Bank Governor Lesetja Kganyago announces a 25 basis points interest rate cut, prompting mixed reactions from economists and stakeholders as South Africa ...

Ithuba Lottery considers legal options as temporary licence decision looms

Banele Ginindza|Published

Ithuba Lottery is weighing its legal options after Minister Parks Tau awarded the operating licence to Sizakhaya Holdings, a decision Ithuba claims undermines local ...

SA Reserve Bank cuts repo rate offering relief to consumers

Ashley Lechman|Published

South African Reserve Bank announces a 25 basis point cut to the repo rate, providing much-needed relief for borrowers. Experts weigh in on the implications for ...

Mauritanian elected as Africa's new 'super banker'

AFP|Published

Mauritania's Sidi Ould Tah has been elected as the new president of the African Development Bank, succeeding Nigeria's Akinwumi Adesina. With a vision to strengthen ...

Watch VideoSA Reserve Bank cuts interest rates

Ashley Lechman|Published

This means that the prime lending rate in the country will decrease from 11. 00% to 10. 75%.

Godongwana announces three newly Treasury deputy Directors-Generals

Philippa Larkin|Published

Finance Minister Enoch Godongwana has congratulated three newly appointed deputy Directors-General at the National Treasury, a strategic move aimed at enhancing ...

Global crypto payment acceptance surges past Visa, Mastercard

Wiehann Olivier and Dinesh Gurlal|Published

No longer a niche, crypto payments have demonstrably cleared a critical mass, with stablecoin adoption and usage outpacing traditional payment services in many regions. ...

South Africa's Tshabalala is running in line up for Africa's next 'super banker'

AFP|Published

Five candidates, including South Africa's Bajabulile Tshabalala, are vying to become the first female president of the African Development Bank, a pivotal role in ...

Retailers must tighten cybersecurity as omnichannel strategies expand

Ashley Lechman|Published

Cybercriminals can use a variety of sophisticated tactics to breach a business's security systems at vulnerable points and gain access to sensitive customer data, ...

Criticism of South Africa's new Mineral Resources Bill: A disaster in the making?

Tawanda Karombo|Published

Sharp criticisms have emerged regarding the new Mineral Resources Bill gazetted for public comment by Minister Gwede Mantashe. The DA has labelled it a 'disaster ...

South Africa faces poultry supply concerns amid Brazilian import ban

Yogashen Pillay|Published

Farming and agricultural associations express alarm over South Africa's chicken supply crisis following the Department of Agriculture's ban on Brazilian imports ...

WEF: Global economy deteriorates significantly amid trade shocks and AI disruption, warn chief economists

Philippa Larkin|Published

The World Economic Forum's latest report reveals a troubling decline in the global economic outlook, driven by volatile trade policies and the disruptive rise of ...