S.Africa's rand gains

Budget highlights fiscal challenges in S.Africa: Fitch

Fitch Ratings has said that the South African budget statement highlighted the challenge government faces in narrowing the fiscal deficit.

S.Africa's Massmart full-year sales jump 10.4 %

South African retailer Massmart Holdings Ltd reported a 10.4 per cent jump in full-year sales on Thursday.

S.Africa to expect 3 years of unplanned power outages: Treasury

South Africans must brace themselves for three years of power disruptions which could further dent already sluggish economic growth.

Nene responds to fears over SARS, appoints advisory committee

Finance Minister Nhlanhla Nene has appointed an advisory committee to assist him with governance arrangements and strategies for SARS.
Supply chain hold-ups affecting S.Africa's municipal performance

Finance Minister Nhlanhla Nene's 2015 Budget Speech

Honourable Speaker, I have the honour to present the first budget of our fifth democratic Parliament.

S.Africa’s 2015 Budget in a nutshell

What you need to know in digestible bites about tax and the South African economy.

State pension fund soundly managed: Nene

The Government Employees Pension Fund (GEPF) remains well-funded and soundly managed, says Finance Minister Nhlanhla Nene.
S.Africans to pay a tad more on personal income tax

S.Africans to pay a tad more on personal income tax

Personal income tax rates will be raised by one percentage point for all taxpayers earning more than 181,900 rand a year.
Power play in Mozambique

S.Africa could see a temporary increase in electricity levy

South African Finance Minister, Nhlanhla Nene has proposed a temporary increase in the electricity levy from 3.5c/kWh to 5.5c/kWh.

High competition a major concern for S.African SMEs

South African small and medium sized enterprises (SMEs) are most concerned about high competition and lack of consumer demand.

Angola seeks $10 bln new external debt this year: sources

Angola plans to borrow 10 billion US dollars in additional external debt, including issuing a debut 1.5 billion US dollars Eurobond.

How will visa regulations impact S.Africa’s tourism growth?

South Africa has seen consistent growth in its tourism sector but visa regulations could have a negative impact on this growth.
Supply chain hold-ups affecting S.Africa's municipal performance

South Africa's rand treads steadily ahead of GDP, budget

South Africa's rand treaded a narrow range against the dollar in cautious trade ahead of local economic growth data.

Bidvest looks to acquire 100% of Adcock

JSE-listed Bidvest has announced its intention to acquire all outstanding ordinary shares of Adcock Ingram.

Phuti Mahanyele quits after a decade at Shanduka

Shanduka Group CEO, Phuti Mahanyele, has resigned from the company after 10 years of service.

Zimbabwe's Mugabe turns 91, slowly sheds pariah image

Zimbabwean President Robert Mugabe turned 91-years-old on Saturday showing no sign of giving up power.

S.Africa fines Deutsche Bank for lax anti-money laundering rules

South Africa has fined German Deutsche Bank 10 million rand for not having appropriate anti-money laundering measures.

Rhodes Food to acquire Boland Pulp, business assets of Deemster

Rhodes Food has said that it will acquire the business assets of Boland Pulp as well as of Deemster.
JSE’s top performing stocks in March 2015

Will S.Africa see the birth of a second stock exchange?

A consortium of companies is in the process of making an application to the FSB to register as a licensed stock exchange.
S.Africa remains attractive destination for FDIs: Zuma

South Africa is a success story: Zuma

South Africa’s President, Jacob Zuma said his country was a success story while making concluding remarks after the State of the Nation