News Listing

Key updates since November 2023: 
• Energy: Load shedding is roughly 61% less then the same period last year (80% less for stages 4 and above), and is starting to decouple from Eskom’s Energy Availability Factor (EAF), demonstrating the positive impact of alternative energy sources including rooftop solar. 
• Transport and logistics: A 45% reduction in vessels anchored outside the Port of Durban ...

The American Chamber of Commerce (AmCham) and RMB have partnered to showcase how U.S. companies are driving social and economic impact in South Africa and on the continent. This month we feature Google, a globally renowned brand, with a unique ability to make a significant economic impact in South Africa. By realising its mission to organise the world's information and make it universally ...

South Africa stands at the cusp of a crucial juncture as the nation eagerly prepares for its upcoming elections.

President Cyril Ramaphosa, today 21 February 2024, received a visit from a bipartisan congressional delegation from the United States of America, in Tuynhuys, Cape Town. The delegation is visiting South Africa at the invitation of the Aspen Institute.

President Cyril Ramaphosa has, in accordance with section 49(2) of the Constitution of the Republic of South Africa, read with section 17 of the Electoral act of 1998, determined 29 May 2024 as the date for the 2024 General National and Provincial Elections.

Business Unity South Africa (BUSA) views the budget as a generally positive step forward given the current economic context. The Minister's emphasis on fostering economic growth, safeguarding the economy, and maintaining fiscal stability aligns with BUSA's objectives. We appreciate the acknowledgment of the need for greater collaboration between the private sector, state-owned enterprises (SoCs) ...

Honourable Speaker, Nosiviwe Mapisa-Nqakula
His Excellency, President Cyril Ramaphosa
His Excellency, the Deputy President Paul Mashatile
Cabinet Colleagues
Members of the Executive Committees for Finance
Honourable Members
The Governor of the South African Reserve Bank
The Commissioner of the South African Revenue
Service Fellow South Africans

PwC prediction

The South African Reserve Bank (SARB) published very conservative economic growth forecasts in January 2023. It is likely that National Treasury will also make a notable downward revision to its own growth predictions in Budget 2024 following disappointing GDP data released in December for 2023Q3.
A conservative approach to the economic growth outlook will, however, provide ...

Speaker of the National Assembly, Ms Nosiviwe Mapisa-Nqakula,

Chairperson of the National Council of Provinces, Mr Amos Masondo,

Deputy President Paul Mashatile,

Former President Thabo Mbeki,

Former Deputy President Phumzile Mlambo-Ngcuka,

Former Speaker of the National Assembly, Ms Baleka Mbete,

President Cyril Ramaphosa is expected to deliver his SONA speech tomorrow. Here is a list
of expectations from the business community: