South Africa and China agree to R41.2 billion trade deals

The agreements were made at a meeting of a joint economic and trade committee aimed at boosting South African manufacturing exports to China and Chinese investment in the Southern African country, South Africa’s Trade, Industry and Competition Minister Ebrahim Patel told journalists on Thursday.

1.5min read

SARS’ Edward Kieswetter kisses R77 billion goodbye

Load-shedding could reduce South Africa’s tax collection by R77 billion this year as it is expected to cost the economy R400 billion more than last year, according to Electricity Minister Kgosientsho Ramokgopa.

2min read

South Africa needs to borrow R2 billion a day 

South Africa will need to borrow R500 billion over the next year, or R2 billion per weekday on average, to fund its current fiscal deficit and refinance maturing debt. This increases the risk of investing in the country and increases borrowing costs for local companies.

2min read