Finance Minister Tito Mboweni Has Reveals His Grand Plan That Will Save The Economy

The Finance Minister has given South Africa and experts something to think about. Tito Mboweni’s unexpectedly published an economic strategy for the country on the Treasury website. The strategy has been distributed to all Cabinet ministers. It makes far-reaching recommendations on a variety of policy areas that fall under the responsibility of his Cabinet colleagues. The paper …

President Ramaphosa to attend G7 summit, Tokyo conference

The President will be going on a two days working visit starting with the G7 summit in  Biarritz, France, this weekend. In a statement from the presidency, the president and members of his cabinet who will be accompanying him will use the G7 summit and the Tokyo International Conference on African Development (TICAD V11), which …

ECONOMY GROWTH- Ramaphosa moves to provinces to achieve growth

In his quest to work speedily to improve the nations economy, president Ramaphosa has made it known that economic growth must be driven by the country’s local economy; the Presidential Coordinating Council has agreed to focus on 44 District Municipalities and eight metros. A video posted online by the presidency shows where he was addressing …

Eskom confirms they are determined to hide terms and conditions of R33 billion loan with China Development Bank, says Maimane

Eskom’s R33 billion loan agreement with the China Development Bank poses a real and significant threat to our country’s economy and general well-being. A loan of such magnitude needs to be properly scrutinised to ensure that the ANC government is not desperately selling our sovereignty off to financially bail itself out. It is for that …

Black professionals to transform energy sector

Energy Minister Jeff Radebe says the launch of the Black Energy Professionals Association (BEPA) will allow black professionals to get their hands dirty and work towards transformation in the energy sector. “The economic structure of our country still does not reflect our demographics. The energy sector is no different. There is therefore a need for …

South Africa Growth Could Pick Up Faster Than Expected, Reserve Bank Says

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 percent for 2020 the central bank projected last month, a rate it hasn’t exceeded since 2013. While 2017 growth at 1.3 percent beat predictions, …

Breaking ! Bitcoin Users Must Pay Tax. SARS. See Why

SARS said people who accept bitcoin as payment have to declare it as taxable income and punters who have managed to buy crypto-currencies low and sell high have to pay capital gains tax. Furthermore‚ bitcoin miners also have to pay tax‚ SARS said‚ adding that it did not see a need for new tax laws …

Economic growth better than what many expected, says Statssa

In a time when good news seems hard to come by, the latest gross domestic product (GDP) results provide some cautious cheer. The South African economy grew by 1,3% in 2017, exceeding National Treasury’s expectation of 1,0% growth announced during the National Budget Speech in February. After a wobbly start to 2017, which saw economic …

Statistics South Africa releases Tourism Satellite Account report

Tourism Satellite Account for South Africa, final 2014 and provisional 2015 and 2016 The Tourism Satellite Account report released by Statistics South Africa today indicate that the tourism sector directly employed 686 596 persons in 2016, an increase of 2,7% or 17 945 employees compared with 2015. The tourism share of total employment increased from …

Parliament must ‘hold the line’ on Steinhoff, Says Alf Lees MP

The appearance of Steinhoff executives before the Standing Committee on Finance (SCOF) on Wednesday, 28 March 2018, is an opportunity for Parliament to seek clarity on the proposed financial rewards for Steinhoff board members Heather Sonn, Johan van Zyl and Steve Booysen. It is simply reckless that the same individuals who were running the company when …