Reserve Bank testing digital rand to cut cross-border payment costs.
Staff Reporter. The South African Reserve Bank (SARB) says it is still investigating and testing a central bank digital currency
Business
Retailer woolworths expects “first half” profit to surge up to 80%.
Business Reporter. Woolworths South Africa expects its profit growth to increase dramatically to 80% by December 2022, falling within the range
South Africa’s inflation dips to 7.2% y/y in December.
By Lehlohonolo Lehana. South Africa’s headline consumer inflation slowed to 7.2% year on year in December from 7.4% in November,
Reserve Bank ‘lacks the tools’ to create jobs |Governor Kganyago.
By Prinesha Naidoo. Persistently high unemployment in South Africa is a structural problem that the central bank doesn’t have the tools
National Treasury promulgates raft of the tax laws.
Business Reporter. National Treasury has promulgated a raft of tax laws following proposals outlined by Finance Minister, Enoch Godongwana, during
SPAR Group CEO Brett Botten to retire from a grocery shop.
By Nick Wilson and Karl Gernetzky. Retail group Spar said on Tuesday CEO Brett Botten will be retiring at the
Eskom to reduce load shedding to Stage 4 and 5 from Tuesday.
By Lehlohonolo Lehana. Stage 4 load shedding will be implemented at 05:00 to 16:00 from Tuesday, followed by Stage 5
Economists see a 45% chance of a South Africa recession in 2023.
By Prinesha Naidoo & Sarina Yoo. South Africa faces a 45% chance of slipping into recession this year as South Africa’s
SA’s tax rates of the highest in the world and should be lowered.
By Drikus Greyling. South Africa can generate more tax revenue by lowering taxes, which will create additional wealth and stimulate
Telkom shares surges as it calls off merger talks with Rain.
Business Reporter. Telkom and Rain have walked away from a transaction that could have seen the JSE-listed telecommunications operator buying the
CEF data shows petrol and diesel on the path to another price cut next month.
Business Reporter. The weekly fuel price forecast from the Central Energy Fund (CEF) shows that petrol and diesel are on
Ramaphosa downplays talk of change to Reserve Bank mandate.
By Antony Sguazzin. President Cyril Ramaphosa played down suggestions that an amendment to the central bank’s mandate is imminent, while confirming