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Economy

Latest news & developments

TLU SA blames government for unrest in country

Agricultural union TLU SA expressed disappointment in President Cyril Ramaphosa and the ANC government’s handling of the riots and looting that has taken place in South Africa over the past few days. “Trying to fix an enormous gaping…

The government has spent R187bn bailing out and recapitalising state-owned entities over the past two decades. File photo. – Image: John Liebenberg

Restoring SA’s economy tops agenda of SOE council chaired by Ramaphosa

President Cyril Ramaphosa chaired a virtual inaugural meeting of the Presidential State-Owned Enterprises (SOE) Council on Thursday in a bid to strengthen the framework governing the entities‚ the presidency said in a statement. Acting…

Co-operative governance & traditional affairs minister Nkosazana Dlamini-Zuma says the Supreme Court of Appeal should dismiss Fita’s application for leave to appeal the ban on the sale of tobacco products.Image: Simphiwe Nkwali

‘Tobacco products kill‚ are not essential’: Nkosazana Dlamini-Zuma

Co-operative governance & traditional affairs (Cogta) minister Nkosazana Dlamini-Zuma has dismissed a contention by the Fair-Trade Independent Tobacco Association (Fita) that the high court ought to declare tobacco an essential item.…

Beef stew with umhluzi and pap.Image: Craig Fraser

Eat beef stew with a cup of instant coffee if your budget is tight

Food prices have gone up‚ Stats SA data shows Shoppers are right: food has become more expensive. But there are exceptions‚ which savvy or cash-strapped consumers can capitalise on. Ahead of Thursday’s interest rate announcement by the SA…

SA needs to rebuild the economy and rescue failing businesses now

While everyone in SA appreciates regular updates on the crisis from our head of state‚ President Cyril Ramaphosa’s recent address to the nation was sadly vague and uncertain‚ without any clear sense of how SA will protect its fragile…

Economic recovery will take time

International rating agencies had already downgraded South Africa to junk status even before the global pandemic. The three main commodities being gold, platinum and crude oil, are good indicators as to the speed that the economy can…

Cyril Ramaphosa’s rescue plan for SA in six key points

President Cyril Ramaphosa has announced measures to kickstart the economy after it unexpectedly entered a recession in the second quarter of this year. Introducing the Economic Stimulus and Recovery Plan, he said: “It is evident from the…