Category South Africa

China rejects US claim it may arm Russia

Beijing strongly rejected on Monday US claims that China is considering arming Russia in the war against Ukraine, as it reiterated its call for dialogue to end the conflict. On Sunday, US Secretary of State Antony Blinken said Beijing was…

Repo rate likely to increase one more time

Nedbank Group Economics Unit economist Liandra da Silva reckons South Africans will see at least one more repo rate hike this year. Speaking at the Nedbank Round Table discussion held at the Nedbank campus on Monday, February 20, 2023, da…

SMEs need fundamental, large-scale interventions

SMEs need fundamental and large-scale interventions from the National Budget 2023 as they struggle to recover after the pandemic and after several socio-economic factors have undermined business confidence and hampered efforts to rebuild the struggling sector. When Finance Minister Enoch…

Daunting task for Godongwana with 2023 Budget

Finance Minister Enoch Godongwana faces a difficult task when he delivers the 2023 Budget on Wednesday. He must fill the void left by President Cyril Ramaphosa, who failed to explain Eskom’s debt as well as the government’s plans to support…