Newsroom

By Thabile Nkunjana and Simphiwe NgqangweniPost-apartheid era trade agreements like the Southern African Customs Union (SACU) - European Free Trade Association (EFTA), the Southern African Development Community (SADC), and numerous other multi-and-bilateral trade agreements have contributed to a significant increase in agricultural exports from R22.4 billion in 2004 to R251bn…

By Avesh PadayacheeFinance Minister Enoch Godongwana’s 2025 Budget presents a crucial opportunity for renewable energy in South Africa. With R219.2 billion allocated to energy infrastructure, government aims to modernise and expand the grid. However, success depends on efficient execution, streamlined regulations, and sustained investor confidence.By 2030, renewable energy will power…

JSE-listed Renergen, which plans a Nasdaq IPO, has sold and exported its first helium production, and liquid natural gas (LNG) production has increased by 22% from the previous reporting period, it said in a quarterly update Tuesday.The owner of South Africa’s first onshore gas production company said also that the…

By Colin Timmis, Country Manager for Xero South Africa In the 2025 Budget Speech, Finance Minister Enoch Godongwana unveiled a proposed staggered increase to the VAT rate. This move, designed to address economic challenges and fund key government initiatives, will undoubtedly add pressure to small businesses, especially those who are already…

ArcelorMittal South Africa (Amsa) will defer the closure of its loss-making Long Steel plant to August 31 after getting a R1.68 billion  injection from the state-owned Industrial Development Corporation (IDC), which will stave off the retrenchment of 3 500 workers and keep operations running for at least six months.In a…

The International Monetary Fund (IMF) and World Bank are making their case against a potential breakup with the US under President Donald Trump.The sister institutions - major forces of US global influence since World War II - are bracing for impact from Trump’s radical makeover of international relations, and pitching…

Banele GinidzaArcelorMittal South Africa (Amsa) will defer the closure of its loss-making long steel plants to August 31 after getting a R1.6 billion injection from the State-owned Industrial Development Corporation (IDC).This will temoorarily stave off the retrenchment of 3 500 workers and keep operations running for at least six months.In…

AYO Technology Solutions, an ICT investment group, reported a 62% reduction in operating losses for the year ended August 31, 2024, signalling a recovery despite a 17% drop in revenue to R1.9 billion.The audited results were released on Monday after delays largely due to an external quality review.While the group…

Banele Ginidza The office of the Auditor General of South Africa (AGSA) is preparing for a thorough examination of the Airports Company of South Africa (Acsa) following concerns raised by the Acsa Board regarding alleged irregularities in the entity's procurement processes. This decision coincides with AGSA's formal acknowledgment of a…

PwC has warned that energy disruptions remain the number one concern for business leaders in South Africa as they fear the power supply shortages would be a key challenge in 2025–2026, despite the suspension of load shedding since March 2024.The second PwC South Africa Economic Outlook for 2025 released on…