Govt welcomes audit results
Government has welcomed the 2017/18 financial year audit results of various departments, tabled in Parliament last week. The audit reports of the Audior General contribute to a culture of public sector accountability and this makes a difference in the lives of South African citizens. Over the past few years,... Read more
Petrol prices: Consumers in for a shock at petrol pumps
Consumers are in for a shock at the pumps – as the petrol price is set to rise by between 99 cents and a Rand as of Wednesday. The Department of Energy (DoE) on Monday announced that a litre of petrol 93 (ULP and LRP) will rise by 99 cents... Read more
SA provides fertile ground for investment
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
SA hard at work to reignite economy
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
Have your say on financial law bill
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
Recession Has Little Effect on Entry Level Jobs
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
Bold plans to ignite SA’s economic revival
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
Presidential envoy happy with investment mission to Japan
Presidential investment envoy Phumzile Langeni says she is satisfied with progress in the Department of Trade and Industry’s investment mission to Japan. “We are having fruitful engagements with government and the private sector, and they are both very open to us. The discussions are frank and constructive as we... Read more
Wait almost over for stimulus package details
President Cyril Ramaphosa is on Friday expected to deliver the much-anticipated stimulus package aimed at uplifting the country’s distressed economy. The plan was deliberated and approved in this week’s Cabinet meeting. The planned stimulus package proposes measures to reignite the country’s economy from a number of related portfolios, Communications... Read more
Russia a major destination for SA fresh produce exports
Russia continues to be an important market for South African fresh produce, says the Fresh Produce Exporters’ Forum (FPEF). “Russia continues to be an important market for us, as 10% out of 2.7 million tons of fresh fruit exported from South Africa goes to Russia,” said the forum’s CEO,... Read more