The ANC took a political gamble by increasing sales tax ahead of elections next year as new President Cyril Ramaphosa seeks to stabilise debt and prevent a third junk credit rating. The value-added tax rate will be raised
Author: Agency Staff
South Africa’s inflation rate slowed in January, easing pressure on the central bank to maintain a tight monetary stance. Inflation slowed to 4.4% from 4.7% in December, Statistics South Africa said Wednesday in
Apple proclaims each new iPhone model is the best one it has ever made. The company says every software update is better than the last. In general, Apple believes everything it does is awesome. There’s a consequence to
The rand reached a three-year high after Cyril Ramaphosa was sworn in as head of state on 15 February, fueling optimism among investors that management of South Africa’s economy will improve. Benchmark bond yields fell
Picture this: you’re driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighbourhood pizzeria, an ad offering $5 off a pepperoni pizza pops up on your
Former cabinet ministers banished to the political wilderness under Jacob Zuma’s presidency are set to make a comeback as his successor prepares to revive the stagnant economy. The ANC top-six officials, including
The first US commercial ride-hailing service without human drivers has been approved. Waymo, a unit of Google parent Alphabet, got a permit in late January from the Arizona department of transportation to operate as a
Siemens is joining with companies including Airbus and IBM to try to counter large-scale hacking attacks that threaten to cost US$8 trillion in damage over the next five years. The group plans to sign a charter
On the same day that people linked to the three politically connected Gupta brothers were granted bail by a South African court after appearing on graft charges, one of the siblings, Ajay Gupta, was declared a fugitive. Varun
Elon Musk’s SpaceX moved closer to another orbital frontier as regulators advanced its application to launch a low-orbit constellation of satellites and join a jostling field of operators trying to cash in on