SA, Senegal rev up business connections
President Jacob Zuma says the South Africa-Senegal Business Forum must actively seize the opportunities created by the bilateral relations between the two countries, to increase trade opportunities. The President was addressing the forum on Tuesday, which met in Cape Town to discuss efforts to increase trade and investment between... Read more
Gauteng leads in promoting investment
Gauteng continues to lead the rest of the country and continent in promoting intra-Africa trade and investment, says the provincial government. “By August 2017, more than 169 Gauteng-based businesses had 365 investment projects worth R356 billion across the major regions and cities of Africa. These projects have created 45... Read more
Sanlam: MTBPS 2017 – A plea for more time, but no consolidation
The MTBPS 2017 is a plea for more time and support to implement new economic policy. It does not attempt to quantify the potential impact of these interventions. Rather, it shows what the Budget would look like should there be no policy action and/or additional fiscal consolidation, says Arthur Kamp,... Read more
Trade contributes to 15% of GDP
Statistics South Africa (StatsSA) has revealed that not only did the trade industry contribute to 15% of South Africa’s 2015 GDP, but it is also the biggest employer in the formal business sector. A report released on Thursday by StatsSA shows that the trade industry contributed to 22% of... Read more
Government to dispose of its Telkom shares
Finance Minister Malusi Gigaba has announced that government will dispose of its Telkom shares in order to cover a shortfall of R3.9 billion. The Minister said this when he tabled his maiden Medium Term Budget Policy Statement in the National Assembly on Wednesday. The medium-term budget – which projects... Read more
SA, Russia seek sustainable growth for platinum sector
Mineral Resources Minister Mosebenzi Zwane has called on South Africa and Russia to work together to look at ways of ensuring demand sustainability in the platinum group metals industry in the face of falling commodity prices. “Being the two largest producers of these metals, in particular, platinum and palladium,... Read more
Presidential Task Team to stabilise rising national debt
A team of Cabinet Ministers has been brought together to come up with solutions aimed at stabilising debt over the next three years, the National Treasury said on Wednesday. In the Medium Term Budget Policy Statement, which Finance Minister Malusi Gigaba tabled in the National Assembly on Wednesday, National... Read more
Growth projection revised down to 0.7%
Finance Minister Malusi Gigaba says National Treasury has revised economic growth projections downwards to 0.7% for 2017. The Minister said this not long after the country’s economy slipped out of a technical recession that was brought about by a -0.7% slump in the first quarter of 2017  after dwindling... Read more
Medical tax credits to go?
Medical tax credits are effectively a fixed amount rebate which reduces the tax payable by taxpayers who make contributions to qualifying medical schemes, for themselves as well as their dependents. The credits replaced the previous system of tax deductions for medical expenses and were made effective from 1 March... Read more
SA, Senegal pleased with bilateral relations
Senegal President Macky Sall on Tuesday said he was happy with the bilateral relationship that exists between South Africa and his country. “We are generally happy with the state of our bilateral relations,” he said. South Africa and Senegal enjoy cordial bilateral political, economic and social relations underpinned by... Read more