Lindiwe Zulu has withdrawn the Green Paper on Comprehensive Social Security and Retirement Reform barely two weeks after she gazetted it.
Sanlam’s Anton Gildenhuys believes there are plenty of reasons to be optimistic that South Africa is emerging from economic gloom.
Employment and Labour Minister Thulas Nxesi says mass COVID-19 vaccination could reverse South Africa’s high unemployment rate.
South Africa’s unemployment rate rose to a record high of 34.4% in the second quarter of 2021, Statistician-General Risenga Maluleke said.
The Automobile Association has warned that the record petrol price increase in August is likely to have an impact on consumer prices.
The SA Reserve Bank has maintained the repo rate at 3.5% (and interest rate at 7%), but warned of the economic impact of the recent unrest.
The Department of Mineral Resources and Energy has assured the public that South Africa has sufficient petroleum products.
The government has raised the licensing threshold for embedded power generation in South Africa from 1MW to 100MW, President Cyril Ramaphosa has announced.
However, despite three consecutive quarters of positive growth, South Africa’s economy remains 2.7% smaller than in the first quarter of 2020.
President Cyril Ramaphosa has defended South Africa’s transformation policies against claims that they lead to acts of corruption.