Mar 05
South Africa’s leading chemicals and energy giant, Sasol, sees its share price drop 12% on the JSE following a sharp decline in global oil prices, production setbacks at its Secunda plant, and investor concerns over its transition to sustainable energy, shaking confidence in the company’s long-term strategy. Johannesburg, South Africa – March 5, 2025 – …
Mar 05
Economist Steve Hanke’s latest Hanke Inflation Dashboard reveals staggering annual inflation rates in South Sudan, Zimbabwe, Sudan, Venezuela, and Myanmar, sparking urgent calls for economic reform as citizens grapple with skyrocketing prices and currency instability. Baltimore, USA – March 5, 2025 – A stark warning about global economic instability has emerged from economist Steve Hanke’s …
Mar 05
Following a successful pilot in Gauteng and the Western Cape, Shoprite’s award-winning Sixty60 service rolls out to 19 stores across eight provinces, aiming to revolutionize convenience for lower-income households with fast, affordable grocery delivery. Johannesburg, South Africa – March 5, 2025 – Shoprite, South Africa’s largest retailer, has launched an ambitious expansion of its on-demand …
Mar 05
As crime and regulatory pressures mount, Italtile, a stalwart in South Africa’s home improvement sector, shutters stores in unsafe areas, sparking concerns over economic stability and prompting urgent calls for government action to protect businesses and jobs. Johannesburg, South Africa – March 5, 2025 – Italtile, one of South Africa’s most enduring names in tiles …
Mar 05
A landmark Memorandum of Understanding between the Development Bank of Southern Africa and the International Fund for Agricultural Development aims to unlock co-financing opportunities, targeting sustainable rural infrastructure and economic empowerment in African communities. Johannesburg, South Africa – March 5, 2025 – The Development Bank of Southern Africa (DBSA) has taken a bold step toward …
Mar 04
Government Unveils Ambitious Support Fund on March 2, 2025, to Bolster Local Spaza Shops Amid Regulatory Crackdowns and Foreign Competition, Aiming to Revitalize a R750 Billion Informal Sector Critical to Township Life. Johannesburg, South Africa – March 4, 2025 – South Africa’s sprawling network of spaza shops—small, informal stores that dot township corners—received a lifeline …
Mar 03
Proposed 2% VAT Hike to 17% Coupled with Eskom’s 12.7% Tariff Rise Threatens Households and Businesses with Soaring Costs as Government Seeks Revenue Amid Fiscal Strain. Johannesburg, South Africa – March 3, 2025 – South African consumers are staring down the barrel of a financial double whammy as the government mulls a contentious 2% increase …
Mar 03
Cosatu’s Proposal to Withhold Employer Contributions from the Government Employees Pension Fund for a Year Sparks Debate Over Fiscal Relief, Worker Protections, and Long-Term Fund Stability in South Africa Johannesburg, South Africa – March 3, 2025 – South Africa’s largest pension fund, the Government Employees Pension Fund (GEPF), is at the center of a heated …
Mar 03
After Postponing the 2025 Budget Speech Over Coalition Discord, the ANC Proposes a Scaled-Back 0.75% VAT Increase, Threatening to Sideline the DA and Partner with the EFF, Raising Stakes for Economic Policy and Unity Government Stability on March 3, 2025 Pretoria, South Africa – March 3, 2025, 6:27 PM CAT South Africa’s fiscal future hangs …
Mar 03
Brent Crude Spike and Rand Weakness Drive March Increases, Impacting Transport Costs and Consumer Wallets as KwaZulu-Natal Floods Add Local Strain on March 3, 2025 Johannesburg, South Africa – March 3, 2025, 6:10 PM CAT South African motorists and businesses face a bitter pill this month as diesel fuel prices climb sharply, propelled by a …