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UK Pledges R20Mn To Boost Africa’s Critical Minerals’ Devt

The United Kingdom (UK) government has pledge to help African countries expand their critical mineral supply chains – with a focus on promoting mineral exploration and processing, generating value-added activities and creating local jobs. The country made the pledge on Wednesday during the Critical Minerals Africa 2023 summit in South Africa to enable African countries […]

Agriculture & Agribusiness Economy News Extra Latest News Manufacturing

S/Africa’s Economy Shrinks 1.5% In Q3 As Riots, COVID-19 Hamper Activity

Indications that civil unrest and lingering COVID-19 pandemic are stalling policy measures by government to keep South Africa’s economy on sustainable growth trajectory emerged on Tuesday with the country’s economy shrinking by 1.5 percent in the third quarter of this year. The Q3, 2021 figures represented the first time the country’s economy contracted in a […]

Budgeting Economy News Extra Latest News Planning & Economic Development Revenue Taxation

South Africa May Revise Tax Targets Upward For Budget Efficiency

There are strong indications that South Africa may be compelled to revise its tax targets upwards as experts foresee the country’s budget shortfall accentuating for a second consecutive year. According to the median estimate of 13 economists in a Bloomberg Survey , South Africa’s budget deficit is projected to reach 11% of gross domestic product […]

Banking

Business Groups In South Africa Condemn Attacks On Foreigners

Major business groups and associations in South Africa, including investors in the country’s oil and gas industry, have described the recent xenophobic attacks on foreigners in the country as uncalled for and charged the government to take measures that can guarantee safety for non-nationals in the country. Specifically, Africa Oil & Power (AOP) and its […]

Foreign Latest News Revenue Tax

SARS Workers End Four Day-Long Industrial Action

Workers of the South Africa Revenue Service (SARS) on Tuesday called off their four-day strike following their acceptance of the fiscal authorities’ offer of eight percent wage increase in 2019 and a CPI-plus-2-percent rise for 2020-21. The deal was struck following negotiations with the authorities by a union representing about half its employees, National Education, […]

Economy News Extra Latest News

Nigeria To Sign Continental Free Trade Pact Soon

President Muhammadu Buhari has given assurance he would soon endorse the Continental Free Trade Agreement (CFTA). The President gave the assurance during a joint briefing with South Africa’s President,Cyril Ramaphosa, in Abuja on Wednesday. President Buhari said: “I am very careful about what I sign whether it is my cheque book or agreements especially when it […]