South Africa’s inflation rate fell to seven-year low in March, moving further below the midpoint of the central bank’s target range. Inflation slowed to 3.8% from a year earlier compared to 4% in February, Pretoria-based
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The Asset Forfeiture Unit has seized properties, cars and aircraft linked to the politically connected Gupta family worth more than R250m, according to the National Prosecuting Authority. The assets included
South Africa’s economic growth could pick up faster than forecast if the right structural reforms are implemented, the Reserve Bank said. That means the economy could expand faster than the 2% for 2020 the central
Extensive changes are in the offing at South Africa’s troubled state-owned companies as new public enterprises minister Pravin Gordhan moves to tackle their many management and financial failings. Power utility Eskom and
The National Prosecuting Authority said it’s pursuing 16 charges against former President Jacob Zuma including graft and racketeering that were shelved nine years ago amid allegations of political interference
South African business confidence climbed to the highest since the start of 2015 in the fourth quarter as the appointment of Cyril Ramaphosa as the nation’s president boosts prospects for industry-friendly
South Africa’s economic growth accelerated for the first year in four in 2017 as agricultural output surged following a recovery in output after the worst drought in more than a century. GDP expanded 1.3% last year, more
South African company heads cheered the start of Cyril Ramaphosa’s presidency, saying that business and consumer confidence were sure to improve following the departure of scandal-hit Jacob Zuma. The result should be economic
Government has proposed a one percentage point increase in the value-added tax rate to 15%. The increase was widely anticipated in tax circles as it is arguably the most effective way of raising significant amounts of
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