News
AG warns Joburg is leaking R2. 8bn in water revenue loss, crisis posing public health risk
1+ hour, 28+ min ago (616+ words) According to the AG, Johannesburg's water losses remain alarmingly high at 45%, translating into an estimated R2. 8 billion in lost revenue. The city also owes water boards and Eskom about R3. 1 billion in arrears. AG business unit leader Fhumulani Rabonda told MPs that…...
Business confidence slumps as Middle East conflict, inflation fears weigh on SA firms
17+ hour, 18+ min ago (735+ words) South African business confidence fell sharply in the second quarter of 2026 as escalating geopolitical tensions in the Middle East, rising fuel prices and growing expectations of higher interest rates dampened sentiment across most sectors of the economy. The latest RMB…...
ITAC recommends doubling import duty on rails to support local steel manufacturing
19+ hour, 59+ min ago (657+ words) The International Trade Administration Commission of South Africa (ITAC) has recommended that the general rate of customs duty on imported rails be increased from 5% to 10% ad valorem, a move aimed at supporting domestic rail manufacturing and strengthening South Africa's steel…...
Auditor-General warns City of Joburg faces governance, ICT and service delivery crisis
22+ hour, 5+ min ago (603+ words) Johannesburg Mayor Dada Morero. The Auditor-General said the City of Joburg's core has regressed to a qualified opinion, with persistent control and reporting weaknesses escalating into material misstatements and audit qualifications. The Auditor-General has raised serious concerns about governance failures,…...
High court rules Bitcoin is capital under SA exchange control laws, orders R6m forfeiture
23+ hour, 45+ min ago (647+ words) The South Gauteng High Court in Johannesburg has delivered a landmark judgment confirming that Bitcoin constitutes both "capital" and "money" under South Africa's exchange control regime, a ruling that could have significant implications for cryptocurrency users seeking to move assets…...
SA economy expected to slow as first-quarter GDP growth loses momentum
1+ day, 4+ hour ago (632+ words) South Africa's economy expanded by 1. 1% in 2025, according to Stats SA. Official GDP figures for the first quarter of 2026 are due to be released next Tuesday, with most analysts predicting modest growth despite ongoing resilience in parts of the economy. South…...
Economic growth key to tackling poverty and inequality, BER report finds
1+ day, 3+ hour ago (703+ words) A new Bureau for Economic Research report indicated that South Africa needs more economic policies to address poverty, unemployment, and inequality. South Africa needs stronger economic growth and more focused policy interventions to make meaningful progress in reducing poverty, unemployment…...
The Lehohla Ledger: a new approach to economic redress and cooperatives
1+ day, 20+ hour ago (967+ words) Explore how the Lehohla Ledger Instruments redefine economic redress in South Africa, drawing on three decades of data and philosophical insights to tackle poverty, inequality, and unemployment. Image: Ayanda Ndamane / Independent Newspapers Post-apartheid South Africa has been in conversations over…...
Cosatu: balancing South African workers' Rights and xenophobia
2+ day, 2+ hour ago (660+ words) South African workers face a grim reality of unemployment and poverty. Cosatu advocates for a balanced approach to migration, urging for both management and a rejection of xenophobia to protect the working class. South African workers are hurting. We wake…...
Repo rate hike deepens financial pain for South African households
3+ day, 3+ hour ago (996+ words) The South African Reserve Bank's decision to increase interest rates has sparked concern among economists, debt experts and financial coaches who say millions of households are already in survival mode. South African households already battling rising food prices, fuel costs…...