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South Africa Credit Rating

South Africa has secured a significant boost to its international credit standing after Fitch Ratings upgraded the country's long-term foreign and local currency credit ratings from BB- to BB.

B20

The U.S. Chamber of Commerce is hosting the B20 Summit this November in Washington, D.C. Here are five things every business leader needs to know about this once-in-a-20-year opportunity.

Tarrifs

The Office of the U.S. Trade Representative on June 2 published findings and proposed actions from its Section 301 investigation into forced labor practices in 60 countries. The investigation concluded that none of the countries is doing enough domestically to effectively prevent products made with forced labor from entering their borders.

Events

The SADC Business Council (SADC BC), in collaboration with the SADC Secretariat and Business
Unity South Africa (BUSA), is pleased to officially announce that the 9th SADC
Industrialisation Week (SIW 2026) will take place from 27 – 31 July 2026 in Durban, South
Africa, on the margins of the 46th SADC Heads of State and Government Summit.

BUSA UPDATE

South Africa was selected for examination at the 114th Session of the International
Labour Conference's (ILC) Committee on the Application of Standards (CAS) in
Geneva, Switzerland, this year. The case concerned the government's compliance
with ILO Convention 111 on discrimination in employment and occupation. The
Committee of Experts on the Application of Conventions and Recommendations ...

JOHANNESBURG 5 June 2026 - Business Unity South Africa (BUSA) and Business Leaders South Africa
(BLSA) note with concern the growing tensions and public debate surrounding migration and
immigration in South Africa. We recognise that immigration, employment and social cohesion are vital
for national and continental growth and stability.

Johannesburg, South Africa, 4 June 2026 – Business is deeply committed to South Africa and believes strongly
in its long-term potential. South Africa's economic trajectory is improving. Business confidence is recovering,
energy stability has been restored, and the country's first sovereign credit rating upgrade in twenty years signals
genuine momentum. Sustaining and accelerating that momentum ...

South African Treasury

JOHANNESBURG, June 2 (Reuters) - South Africa remains on track to meet its fiscal targets despite the conflict in the Middle East, its National Treasury ​said on Tuesday, adding it wanted to demonstrate its credibility ‌by meeting its objectives even at times of stress.

U.S - Africa Relations

USTR's investigation concluded that 54 economies, including South Africa, did not have an explicit legal prohibition on the importation of goods produced wholly or partly with forced labor.   USTR is proposing a 12.5 ad valorem rate for countries that do not have a forced labor import prohibition or a commitment to undertake such a prohibition.  Nothing would take effect yet - USTR will conduct an ...