south african economylatest news & developments
Many consumers postpone saving until they receive an increase or debt has been paid off, but waiting for an easier time can result in saving continually being postponed.
DEBT

Why higher earners are falling into debt review in South Africa

New debt-review data shows that higher incomes do not guarantee financial security.

  • Nicola Mawson
5 min read
International Trade Administration Commission of South Africa (ITAC) increased the Dollar Based Reference Price (DBRP) for sugar imports from $680 (R(R10 964) to $785 (R 12 660) per tonne.
SUGARIMPORTS

Sugar industry gets tariff relief, but warns SA imports crisis is far from over

ITAC has raised South Africa’s dollar based reference price for imported sugar from US$680 to US$785 per tonne. While SASA and SA Canegrowers welcome the move, they say the new…

  • Yogashen Pillay
4 min read
Minister of Tourism, Patricia de Lille, and the Minister of Public Works and Infrastructure, Dean Macpherson, announced on Tuesday that they formalised a strategic partnership through a Memorandum of Agreement aimed at strengthening the preparation of priority tourism infrastructure projects and unlocking greater private sector investment into South Africa's tourism economy
TOURISM
Breaking News

De Lille, Macpherson team up to unlock tourism infrastructure investment

Ministers Patricia de Lille and Dean Macpherson have announced a strategic partnership to enhance tourism infrastructure in South Africa, aiming to attract private investment and…

  • Yogashen Pillay
2 min read
The South African rand opens the week strong at R16.01 against the weakening US dollar, buoyed by rising gold prices and upcoming economic reports that could shape market trends.
RAND

South African rand maintains strength against the US dollar

The South African rand opens the week strong at R16.01 against the weakening US dollar, buoyed by rising gold prices and upcoming economic reports that could shape market trends.

  • Ashley Lechman
4 min read
The South African economy has experienced a turbulent week, with Consumer Price Inflation (CPI) showing a decline for the first time since February. While this may signal positivity, consumers face mounting pressures from rising fuel prices and significant debt burdens.
ECONOMIC AFFAIRS

Sunday Review: Mixed signals in South Africa's economy

The South African economy has experienced a turbulent week.

  • Ashley Lechman
6 min read