President Ramaphosa promises R800m fund to ‘unlock’ skills training in digital economy
The National Skills Fund is expected to launch a training package in digital skills for unemployed youth in the country.
Technology
Lifestyle
SARS revenue collection exceeds R2 trillion for the first time ever
For the first time in history, SARS exceeded R2 trillion in gross revenue collection.
Lifestyle
Profit versus health: Four ways big global industries make people sick
These four industries account for at least one-third of global preventable deaths.
Lifestyle
Repo rate increase: Here’s the new prime interest rate in South Africa
Here’s how the repo rate increase affects South Africa’s prime interest rate.
Events
2023 Buy Local Summit: Here’s everything you need to know
Proudly SA is gearing up to host the 2023 Buy Local Summit, which will take place on 27 and 28 March at the Sandton Convention Centre.
Viral
Treasury reacts to S&P’s action to downgrade SA’s credit rating outlook
According to S&P, economic growth in South Africa is facing increasing pressure from infrastructure constraints, particularly loadshedding.
Viral
Ramaphosa Q&A: Work underway to implement Economic Recovery Plan
President Ramaphosa was responding to questions by Members of Parliament on Thursday in Cape Town.
Lifestyle
South Africa is exporting more food – But it needs to find new growth frontiers
The major export crops continued to be maize, wine, grapes, citrus, berries, nuts, apples and pears, sugar, avocados, and wool.
Lifestyle
Quarterly data shows South Africa unemployment rate barely improved in Q4:2022
South Africa’s unemployment rate dropped 0.2% in the last three months of 2022.
Viral
Reserve Bank hikes repo rate to 7.25%
The increase means that the repo rate will now be 7.25% per year from 27 January 2023, with prime now at 10.75%.
Lifestyle
Loadshedding relief package in the works, SA’s Small Business Dept says
The Department of Small Business is working on an energy relief package for SMMEs to alleviate the impact of loadshedding.
Lifestyle
Reserve Bank hikes repo rate for the third time in 2022
The repo rate in South Africa reached 7% after the SA Reserve Bank’s Monetary Policy Committee (MPC) agreed to a 75 basis points hike.
Lifestyle
SARS records R7.18bn trade surplus: Here’s what it says about the exports industry
The R7.18 billion preliminary trade balance surplus, was attributable to exports of R175.37 billion and imports of R168.19 billion.
Lifestyle
SA’s repo rate jumps to 6.25%, fifth increase since November 2021
The increase means that the repo rate will now be 6.25% per year from 23 September 2022, with prime now at 9.75%.
Lifestyle
Loadshedding leading contributor to South Africa’s GDP decline
The Statistician-General attributed the contraction of the GDP to a number of factors that include load shedding
Lifestyle
Ramaphosa calls 0.6% drop in unemployment ‘cautious optimism’
The President added that employment gains show that the government is making headway in creating jobs.
Viral
South Africa’s repo rate hikes for the first time in three years
The increase means the repo rate would be 5.50% per year from 22 July 2022.
Lifestyle
South Africa’s GDP is on the upswing – Here are the stats for Q1:2022
A positive start to the year.
Technology
Africa has ambitious goals for 2063: Plans for outer space hold the key to success
The agenda has 15 flagship projects.
Lifestyle
South Africa’s minimum wage set to increase this year
As in previous years, the adjustment provides exceptions for several worker groups.
Lifestyle
Cost of living in South Africa: Food prices dominate household expenses
The least proportion of income is spent on health, communication and education.
Lifestyle
Reserve Bank increases repo rate by 25 basis points
The rise was the first in almost three years.
Lifestyle
Nigeria’s digital currency: what the eNaira is for and why it’s not perfect
The introduction of the eNaira will cut out ‘middle men’ or the use of financial institutions.
Lifestyle
FULL SPEECH: Medium Term Budget Policy Statement 2021
Finance Minister delivered the Medium Term Budget Policy Statement 2021 on Thursday.
Viral
South Africa unemployment rate soars to 34.4% in 2021
Unemployment in black South African women who are eligible for work stands at 41%, 4.2 percentage points higher than the national average.
Viral
Zimbabwe new economic policy will alienate foreign nationals
Zimbabwe plans on implementing a new economic policy that will cast out foreign nationals. Here’s what we know.
Viral
SA’s official unemployment rate is 36%: A complete breakdown of the numbers
Compared to the same period in 2020, South Africa’s unemployment actually rose by 2.5%.
News
Ramaphosa issues progress report on employment stimulus package
From the R100 billion, 13% has been spent in a span of nine months. Here’s where the stimulus package money went.
News
A settlement with trade unions remains the best way forward for South Africa
South Africa may need to implement large decreases in expenditure or increases in revenue to get debt under control.
News
NPC report: South Africa unlikely to defeat inequality by 2030
The NPC’s report found that a weak labour market, impractical policies and rampant corruption held South Africa back from achieving Vision 2030.