Economy

latest news & developments
Infrastructure: Every rand must do its job and every post in the municipality must be occupied only by the correctly qualified person. Photo: Mkhondo Municipality

The culture of mediocrity ends

An analysis of widespread municipal underperformance in South Africa reveals deep systemic failures in capital budget spending, infrastructure maintenance, and governance,…

Who pays for South Africa’s Agoa standoff?

As the US plans to terminate South Africa's Agoa eligibility by 2027, the real threat to businesses is not just losing trade preferences, but the crippling uncertainty while…

US president Donald Trump

The AGOA hit will be small on GDP but heavy on jobs

The Trump administration's plan to terminate South Africa's eligibility for the African Growth and Opportunity Act by 2027 threatens key export sectors, employment, and bilateral…

South Africa accounts for 54% of all exports to the US under Agoa — a trade law which  gives eligible African countries duty-free access to the US market for thousands of products including clothing, agricultural goods, crafts and manufactured items.

End of Agoa: No doom and gloom

Economists suggest the US decision to remove South Africa from the duty-free benefits of Agoa is not catastrophic, urging the country to diversify exports, while labour…

Fuel pumps. Image: Supplied

Drop in fuel price

South African motorists will experience financial relief at the pumps as petrol and diesel prices decrease, supported by government adjustments to the general fuel levy.

US president Donald Trump

SA challenges Trump’s AGOA decision

South Africa has accused Washington of shifting the goalposts in trade negotiations after US President Donald Trump notified Pretoria of his intention to end its preferential…

South African businesses cannot keep adapting to governance failure

South African businesses have adapted to state failure and corruption for years, but continuous resilience cannot replace real institutional accountability and economic reform.

Imported goods are subject to customs duties and a 15% VAT rate based on their value, which must be paid to Sars. (Oupa Nkosi)

Sars can collect even more if mining gets support, cash businesses are brought into tax net

Former SARS tax chief Jonas Makwakwa outlines how South Africa can significantly boost revenue by revitalising the gold mining sector and bringing the vast cash economy into the…

Feeling the blows: The South African Property Owners Association’s 60th annual convention. With local government elections on 4 November, most delegates wanted to know how much more pain property owners must absorb before change arrives. Photo: Sapoa

Your vote is written on the walls

At the 60th annual Sapoa convention, economists and property leaders debated how stagnant growth, failing infrastructure, and coalition politics are impacting South Africa's…

Apple Pay feature. Image: Supplied

SAs digital payments future has a cash problem

Despite significant investments in faster payments and AI across South Africa's banking sector, cash remains dominant due to high fees, connectivity issues, and a lack of public…

Fiscal fix: Finance Minister Enoch Godongwana delivering the 2026 Medium-Term Budget Policy Statement in parliament this week. Photo: GCIS

Fuel relief buys time but growth runs on empty

While economists welcome South Africa's temporary R10 billion fuel levy cut, trade unions and analysts warn that fiscal austerity fails to tackle sluggish growth and high…

Oil crisis global short

As global oil and diesel shortages persist through 2027, South Africa faces severe economic vulnerability due to depleted fuel reserves, decommissioned refineries, and an…

Let’s make the circle bigger: A just transition for all of South Africa

South Africa's just transition cannot focus solely on coal-dependent communities in Mpumalanga. Decarbonisation, economic resilience, and green industrialisation must span all…

Finance minister Enoch Godongwana.

Budget 2026: Godongwana announces R10bn in temporary fuel relief

Finance Minister Enoch Godongwana has introduced R10 billion in temporary fuel levy relief to ease household pressure, even as National Treasury lowers growth forecasts and warns…

SHEIN store. Image: Suppl

Sactwu calls for ban on Temu and Shein in South Africa

Trade unions Sactwu and Cosatu are calling on the South African government to ban offshore e-commerce giants Shein and Temu to protect thousands of local retail and textile…