Jameel Motors expands its footprint in South Africa with Changan Automobile collaboration

Siphelele Dludla|Published

Jameel Motors announces strategic partnership with Chinese automotive giant Changan Automobile to distribute SUVs, sedans, pickups, and new energy vehicles in South ...

Budget negotiations and Trump tariffs spark rand's decline amidst political turmoil

Siphelele Dludla|Published

The rand has fallen nearly 1% against the US dollar as Parliament faces a critical Budget deadline. With GNU parties divided over proposed VAT increases and economists ...

SA mining industry pushes for zero harm as fatalities reach record low

Siphelele Dludla|Published

The South African mining industry achieved a historic low of 42 fatalities in 2024, marking a 24% decrease from the previous year. However, despite this progress ...

US banking rules may affect South African banks over reputational risk closures

Siphelele Dludla|Updated

A legal expert warns that South African banks could face US sanctions following new American legislation that prohibits account closures based on reputational risk. ...

South African Reserve Bank hints at revising inflation target amid economic pressures

Siphelele Dludla|Published

"SARB Governor Lesetja Kganyago has indicated the central bank is considering lowering its inflation target from the current midpoint of 4. 5% towards 3%, potentially ...

Producer price inflation expected in 2025 to rise despite dipping in February

Siphelele Dludla|Published

South Africa's Producer Price Inflation moderated to 1% in February, below market expectations of 1. 3%. Despite this easing, analysts predict a gradual uptick throughout ...

US takes firm stand to eliminate reputational risk in banking, stirring debate in South Africa

Siphelele Dludla|Published

The US Banking Committee has moved to eliminate 'reputational risk' as a reason for account closures, challenging a practice South African banks have long used to ...

Emirates enhances South Africa routes with upgraded Boeing 777 aircraft

Siphelele Dludla|Published

Emirates Airlines is elevating travel experiences between South Africa and Dubai with the introduction of retrofitted Boeing 777 aircraft featuring new Premium Economy ...

South Africa unlocks green finance potential with new taxonomy report

Siphelele Dludla|Published

Currently, South Africa requires a minimum three to fivefold increase in climate finance, from an annual average of R131 billion, to meet its NDCs.

SARB interest rate easing cycle likely coming to an end, says Absa

Siphelele Dludla|Published

Absa's economic team warns that the South African Reserve Bank's interest rate cutting cycle may be coming to an end following the decision to keep the repo rate ...

Telkom enters the MVNO market to enhance competitiveness, support black-owned businesses

Siphelele Dludla|Published

Telkom has entered South Africa's rapidly growing Mobile Virtual Network Operator market through a strategic partnership that enables multiple MVNOs to access its ...

UN urges African nations to harness AfCFTA for economic resilience amid global tensions

Siphelele Dludla|Published

The UN Economic Commission for Africa's latest report urges African governments to implement the African Continental Free Trade Area agreement as a strategic response ...

Telkom shares surge as R6. 75bn sale of Swiftnet tower business nears completion

Siphelele Dludla|Published

Telkom's share price increased by 2. 9% following the announcement that all conditions have been met for the R6. 75 billion sale of its Swiftnet tower business to ...

Shipping inquiry raises stakes for US-South Africa relations

Siphelele Dludla|Published

A US policy expert warns that South Africa could face maritime sanctions and trade restrictions following a new Federal Maritime Commission inquiry, potentially ...

Beer industry warns above-inflation sin tax to fuel illicit alcohol market

Siphelele Dludla|Published

The Beer Association of South Africa warns that above-inflation excise duty increases could drive consumers towards dangerous illicit alcohol alternatives, while ...

SAB champions sustainable water practices for World Water Day

Siphelele Dludla|Published

South African Breweries joins forces with Cape Town Mayor, TNC, and WWF to combat water scarcity through innovative conservation projects, successfully replenishing ...

Google Cloud opens its first African region in Johannesburg

Siphelele Dludla|Published

Google Cloud's launch of its first African region in Johannesburg marks a historic $1 billion investment in Africa's digital future. The facility is projected to ...

Reserve Bank expected to keep interest rates on hold amid VAT, inflation pressures

Siphelele Dludla|Published

The South African Reserve Bank faces a crucial decision on interest rates as inflation continues to challenge economic stability. Here's what economists predict ...

Reserve Bank expected to keep interest rates on hold amid VAT, inflation pressures

Siphelele Dludla|Published

The South African Reserve Bank faces a crucial decision on interest rates as inflation continues to challenge economic stability. Here's what economists predict ...

Google launches R2. 5bn cloud region in Johannesburg, heralding a new era for Africa

Siphelele Dludla|Published

Google's landmark R2. 5 billion investment in a new Cloud region in Johannesburg marks a transformative moment for Africa's digital future. The infrastructure project ...

South Africa's consumer inflation remains steady at 3. 2% amid rising production costs

Siphelele Dludla|Published

South Africa's economic landscape is experiencing varied inflationary pressures across different sectors, demanding attention from both policymakers and consumers. ...

Moody’s and Fitch see South Africa’s debt burden outpacing Budget forecasts

Siphelele Dludla|Published

Credit ratings agencies Moody's and Fitch have challenged South Africa's National Treasury projections, warning that government debt will stabilise at higher levels ...

FSCA's review reveals critical gaps in banks' complaints handling processes

Siphelele Dludla|Published

The Financial Sector Conduct Authority's latest review exposes significant shortcomings in South African banks' complaint management systems, highlighting issues ...

Analysts revise South Africa's inflation outlook amid cautious optimism

Siphelele Dludla|Published

South African financial experts have adjusted their inflation expectations downward for 2025, with the Bureau for Economic Research's latest survey showing a decrease ...

Standard Bank Group deputy CEO Kenny Fihla resigns after 18 years

Siphelele Dludla|Published

Standard Bank Group announces the unexpected resignation of Deputy CEO Kenny Fihla after 18 years of service. Under his leadership, the Corporate & Investment Banking ...