President Cyril Ramaphosa says the government will this year continue to pursue the investment drive which was announced last year, and that the money will be directed to programmes that will create jobs. He said this when he led the debate on the Presidency’s budget vote in the National... Read more
Consumers are in for a shock at the pumps as the price of petrol is set to increase by 74 cents a litre from Wednesday. The Department of Energy on Monday announced fuel hikes of 74 cents a litre for both grades of petrol 93 (ULP and LRP) and 95... Read more
President Cyril Ramaphosa has assured potential investors that South Africa is working hard to provide a conducive environment for investors. “Government is working with urgency to guide the economy towards a more sustainable growth trajectory and to restore South Africa to investment grade status at all credit rating agencies,”... Read more
President Cyril Ramaphosa has assured world leaders at the United Nations General Assembly that South Africa is hard at work to revive its economy. “Even as our country is going through difficult economic challenges we have made progress. “We are reforming our economy and creating an environment that is... Read more
National Treasury has published the Financial Sector Laws Amendment Bill, which will strengthen the Reserve Bank to manage the orderly resolution or winding down of a failing financial institution for public consultation. Treasury published the Bill for public comment on Tuesday after its approval by Cabinet. “The amendments will... Read more
Foreign nationals travelling to South Africa will no longer be required to have unabridged certificates for their minor children upon arrival in South Africa. “The key changes will be that rather than requiring all foreign national travelling minors to carry documentation proving parental consent for the minor to travel,... Read more
Communications Deputy Minister Pinky Kekana has called on all South Africans to ensure the SABC is a sustainable organisation by paying their TV licences. The Deputy Minister said this when the SABC Board and top management appeared before Parliament’s Portfolio Committee on Communications to present its turnaround strategy on... Read more
After exhibiting two consecutive quarters of negative Gross Domestic Product (GDP) growth, South Africa’s economy has slipped into a technical recession, foreshadowing an array of economic downturns, including a decrease in employment rates. But despite this, certain industries have exhibited robustness in maintaining and growing the number of people... Read more
In an effort to boost the sluggish economy, government has announced that it will immediately prioritise infrastructure – through the establishment of the South Africa Infrastructure Fund. “With a view to unlocking the potential to create more jobs on a large scale, we have decided to set up a... Read more
President Cyril Ramaphosa on Friday announced the details of an economic stimulus and recovery plan, adopted by Cabinet, which is set to amongst others, ignite growth in the South African economy, boost much needed job creation and restore investor confidence. The ambitious and bold measures, which in the main... Read more
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