Eskom could increase electricity prices by 36% in 2025: Here’s what you must know
This proposed hike comes on the heels of the already approved 12.74% increase for 2024/2025.
News
News
SARS announces changes to customs import system: Here’s what you must know
SARS has rolled out a series of updates to its customs import system, focusing on modernising how goods are brought into South Africa.
News
TotalEnergies abandons offshore gas discoveries: Here’s what it means for South Africa
The withdrawal of TotalEnergies from these offshore gas projects has significant implications for South Africa.
News
Repo rate remains unchanged: Here’s everything you must know
Four members voted to keep the rate unchanged, while two preferred to cut it by 25 basis points.
News
Fitch Ratings courts backlash with eyebrow-raising ANC coalition analysis
Fitch Ratings faced criticism for suggesting that a coalition between the ANC and the DA would be the best outcome for South Africa.
News
Repo rate update on Thursday, 30 May 2024
The South African Reserve Bank announced the repo rate remains unchanged at 8.25%. Learn how this decision affects your daily life.
News
Consumer price index dropped to 5.2% in April 2024
The headline inflation rate for all urban areas in South Africa dropped to 5.2% in April 2024, down from 5.3% in March 2024.
News
Rolex exits South Africa’s luxury market after 76 years
After 76 years, Rolex is closing its Sandton office.
Technology
Amazon officially launches in South Africa: Here’s what you must know
Amazon.co.za is now live, bringing a diverse selection of products and enhanced shopping services to South African customers.
News
Is Shell leaving South Africa? – Here’s what you must know
Shell plans to divest its majority shareholding in its South African downstream unit, ending over a century of operations in the region.
Lifestyle
New study reveals 20 million South Africans struggle to afford electricity
Over 20 million South Africans face affordability issues with electricity amid rising tariffs, according to a new study.
News
The Companies Amendment Bill could be adopted today: Here’s what it means
The Companies Amendment Bill, which aims to revise corporate governance in South Africa, is up for final adoption today.
Lifestyle
New survey shows accountants are migrating out of South Africa – Here’s why
A recent survey found that South African accountants are considering international opportunities due to a myriad of reasons.
News
2024 Budget Speech: How to watch live in South Africa [video]
Here’s how to watch the 2024 Budget Speech live in South Africa, what to anticipate from the fiscal plans, and the impact on daily life.
News
South Africa’s ‘expanded’ unemployment rate drops to 41.1%
South Africa’s expanded unemployment rate decreased by 0.1 of a percentage point to 41.1% in Q4: 2023 compared to Q3: 2023.
Viral
UK economy enters recession: Does this spell doom? – Here’s an explainer
The term ‘recession’ often triggers alarm, but what does it actually mean?
News
SANRAL set to enforce 6.25% toll tariff hike soon: Here’s what you must know
Coupled with the toll tariff hike, this creates a compounded impact on the daily expenditures of South Africans.
News
SONA 2024: How to watch live in South Africa [video]
Here’s how to watch SONA 2024 live. We also cover five key issues President Cyril Ramaphosa is expected to address.
Cape Town Buzz
City of Cape Town prepares to auction this Foreshore Tower site
The City of Cape Town has unveiled details about an upcoming auction for the lease of this prime Foreshore Tower site.
News
SA’s national minimum wage could rise 3% and it lies in your hands – Here’s why
A minimum wage is the lowest remuneration employers can legally pay their employees for each ordinary hour worked. It is illegal for an employer to pay employees less than this minimum floor.
News
Loadshedding isn’t Volkswagen South Africa’s primary reason for considering an exit
Volkswagen South Africa faces challenges beyond loadshedding, including global cost-cutting strategies and a shift towards electric vehicles.
News
Reserve Bank keeps repo rate unchanged at 8.25%
Market-based expectations for inflation in 2023 are currently 5.8%, while near-term break-even rates have dipped to 4.3%.
News
Employment in South Africa sees promising gains for the first time since COVID-19
The Quarterly Labour Force Survey for Q3 2023 reported significant employment gains across multiple sectors in South Africa.
News
Repo rate remains unchanged: Here’s when the next update will be
The GDP growth forecast for 2024 and 2025 is unchanged from the previous meeting, at 1.0% and 1.1%, respectively.
Health for Dummies
SA poultry producers warn of egg, chicken shortage due to rampant ‘bird flu’
Poultry meat shortages are also anticipated over the next four to six months, with initial effects potentially appearing as early as December 2023.
Lifestyle
Consumer Price Inflation Increases in August 2023: Implications Explained
In August, the annual inflation rate for goods reached 5.6%, slightly up from the 5.5% observed in July.
News
Employment in South Africa: These industries contributed the most jobs between April and June 2023
Between April and June 2023, these industries contributed the most jobs and, effectrively, had a positive impact on employment in South Africa.
News
Fitch Ratings extends South Africa rope with ‘stable’ outlook
According to Fitch, South Africa’s credit rating is constrained by low real gross domestic product (GDP) growth hampered by power shortages.
Lifestyle
SA interest rates spike with 10th consecutive repo rate increase
The SARB has raised the repo rate at least 10 times since November 2021. Here’s what it means for SA interest rates.
Lifestyle
South Africa’s unemployed population grows to 7.9 million
In the first three months of 2023, South Africa’s unemployed persons totalled 7.9 million. Here are some of the key stats you must know.