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The National Treasury has revised downwards its economic growth forecast for 2025, in line with slower than previously expected global growth, even though it pinned its hopes for an optimistic on structural reforms, particularly in energy and logistics sectors.South Africa's real gross domestic product (GDP) is now forecast to be…

Finance Minister Enoch Godongwana has officially reduced South Africa's inflation target to 3% with a tolerance band of 1 percentage points on either side over the next two years in a bid to ease the elevated cost of living on consumers.This new target immediately replaces the previous target range of…

Speaker of the National Assembly, Thoko Didiza, Deputy Speaker, Annelie Lotriet, Chairperson of the National Council of Provinces, Refilwe Mtshweni-Tsipane, Deputy Chairperson of the National Council of Provinces, Les Govender, His Excellency, President Cyril Ramaphosa, Honourable Deputy President Paul Mashatile, Cabinet Colleagues, Honourable Members, Members of the Executive Council for…

Sparta Beef confirmed on Tuesday that cattle on their Alma farm in the Clocolan district in the Free State have tested positive for Foot and Mouth Disease (FMD). This follows Sparta Beef confirming a fraud probe last week due to cattle from the Western Cape being delivered at Alma farm…

As South Africa prepares to host the G20 Summit in Johannesburg next month, Milkor, a leading South African defence and aerospace company, is proud to highlight the Milkor 380 unmanned aerial vehicle (UAV). This advanced medium-altitude, long-endurance (MALE) platform exemplifies South Africa's growing prowess in aerospace technology and its potential…

Santam, South Africa’s largest short-term insurer, has appointed Dr. Philile Mkhize as Group Chief Operating Officer (COO), with effect from December 1, 2025.Dr. Mkhize brings 25 years of executive experience in strategy, management, and innovation across leading corporate entities. She is currently the COO of Absa Technology and has held…

 Woolworths Holdings’ share price shot up 7.7% Wednesday morning after it said sales have increased in all its business segments in the 19 weeks to November 9, the higher-end retailer said Wednesday.The macro-economic environment is constrained across both South Africa and Australia, but the group managed to increase turnover and…

Global wine production is on course for a modest recovery in 2025 after suffering a sharp downturn last year, the industry's international body said Wednesday.Output will, however, continue below recent averages as climate change and changing consumer habits take their toll, the International Organisation of Vine and Wine (OIV) said…

BMW South Africa has reaffirmed its commitment to driving the country’s automotive sector into an electrified future — even as policy uncertainty threatens to slow down momentum across the industry.In an exclusive interview with Business Report on Tuesday, BMW South Africa CEO Peter van Binsbergen said the government’s delay in…

Vodacom Group on Wednesday announced an agreement with Starlink, the world's largest satellite broadband provider, to deliver high-speed, low-latency broadband internet to millions of businesses across Africa and to expand rural network coverage. This collaboration marks a crucial step in bridging the digital divide and unlocking new opportunities for economic…