The CitizenSarb hikes repo rate for first time in 3 years
This is the first time since May 2023 that the repo rate has been hiked.
News
Economy & policy
2 832 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
The CitizenThe CitizenHiking interest rates does not solve the problem, says analyst
Inflation is driven higher by fuel, electricity, logistics and other administered or imported costs.
The CitizenAverage take-home pay declines in April: Here’s how much people earned
'This is the lowest real salary level in two years.'
The CitizenDiesel rebate reforms: Treasury removes 80% cap
To restore original policy intent ...
The CitizenTips on how to manage your budget during winter
Winter brings extra costs such as higher electricity use, increased medical expenses and the need for winter essentials.
The CitizenDrivers of foreign cars must declare with Sars before leaving or entering SA
Those who fail to comply could face enforcement action from the taxman.
The CitizenJohn Steenhuisen calls for a collaborative action plan between South Africa and Botswana to combat FMD
According to Steenhuisen, it is clear that no country can defeat FMD in isolation.
The CitizenFeeling the pinch?: How SA grocery prices exploded in five years
South African consumers are facing soaring food costs, with some everyday essentials now costing nearly twice as much as they did five years ago.
The CitizenWhy your R10 no longer stretches the same
While official inflation has eased, many South Africans are still struggling with shrinking buying power and stubbornly high grocery prices.
The CitizenLiving on the edge of your budget? Here’s what to do as costs rise
'For consumers who are already under financial pressure, there may be very little room to cut back further.'
The Citizen‘One wants to reserve opinion on this’ – Sars commissioner on Phala Phala saga
'I'm not at liberty at this point to discuss any taxpayer matter that goes beyond those periods because then I'll be violating the confidentiality provisions.'
The CitizenNational Treasury finds financial misconduct still persistent in most municipalities
Report reveals that municipalities fail to hold individuals accountable for financial misconduct.
The CitizenBLSA CEO questions whether changes to BEE will grow South Africa
'Every rand spent on compliance bureaucracy is a rand not spent on actual service delivery.'
The CitizenSars shifts focus to escalating penalties for non-compliant trusts
All part of Sars's efforts to broaden the tax base.
The CitizenPhumudzo Thenga: Driving business growth through strategic positioning and enterprise execution
The group's operations are designed around delivering practical solutions to market needs, with a focus on operational services, project-based execution, and scalable business models.
The CitizenThe RAF might need a major government bailout
It has been estimated the RAF has about R500 billion in unqualified contingencies.
The CitizenCandid talk from Kieswetter ahead of Sars exit
Cadre deployment isn't necessarily the problem - having political affiliation as the only criterion when making appointments is
The CitizenMinister Malatsi takes the heat after reports of using fake, made-up research for SA’s AI policy
Some of the 67 references listed at the bottom of the draft policy either don't exist or refer to articles that were not published in recognised journals.
The CitizenFrom Polo to Tiguan: How Volkswagen covers every budget in South Africa
Volkswagen is a brand that fits every stage of life
The CitizenCourt backs bank on Vat deductions for cash-back scheme
Sars's argument based on 'conflated interpretation' of the act.
The CitizenInvestors signal optimism on Operation Vulindlela structural reforms
Government upbeat that stronger policy credibility has boosted investor confidence in South Africa.
The CitizenInflation increases in March – but full impact of Middle East war still to come
'The SARB will pursue its new 3% inflation target, but if the war ends relatively soon, the bank may not have to hike interest rates.'
The CitizenUnemployment problem becoming too big to solve
Nearly 80% of 7.8 million who are idle despite actively searching for work every week have been unemployed for more than a year.
The CitizenTaxpayer status shift could trigger penalties
And filing periods are creeping forward, requiring earlier action.
The CitizenMinister Parks Tau signs new rules to protect the public from spam calls
Telemarketers are prohibited from marketing to any consumer who has registered a block.
The CitizenCape Town budget triggers fresh clash over household bills
Ratepayers say recent property valuation hikes and draft tariffs are (again) presenting increases 'well above' inflation.
The CitizenGig economy: 70% of South Africans turn to e-hailing for jobs
Minority of the respondents rely on e-hailing as their primary source of income.
The CitizenSCA backs mining JVs on Sars diesel refunds
Clarifies 'possession' of mining rights in long-standing taxpayer dispute with Sars.
The CitizenMohai defends B-BBEE against the ‘false narrative’
Says opposition to it is partly 'ideological, economic, and rooted in privilege'.
The CitizenSars tightens its grip on tax penalties
Legislative amendment narrows the bona fide 'inadvertent error' defence route.