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President Cyril Ramaphosa. Photo: Leon Sadiki/Bloomberg via Getty Images

Ramaphosa confident that mining rights backlog will be cleared

Speaking during the opening ceremony of the Mining Indaba, the president emphasised that work is underway to unlock investment

The mining industry has the potential to grow if there is more investment in exploration projects. (Michele Spatari/Bloomberg via Getty Images)

Mining industry sees light at end of the tunnel

The industry has struggled in the face of energy and logistics constraints, but signs of progress have stirred cautious optimism

South Africa is widely recognised as the most unequal society in the world, with a startling 71% of the country’s wealth concentrated in the hands of a mere 10% elite

Austerity, the NDP’s grim reaper

Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile

What goes up must come down: Federal Reserve Board Chair Jerome Powell leaves a news conference in Washington. The Fed’s hiking cycle contributed to the sudden collapse of tech
lender Silicon Valley Bank recently. Photo: Saul Loeb/AFP

Banking shock exposes cheap cash addiction

The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit

The pandemic’s shock to the local economy was a big reason for the decision to downgrade the country to junk status.(Photo by MARCO LONGARI / AFP)

Long road ahead for South Africa to climb out of junk status

Economist don’t expect an upgrade anytime soon, but the country is in a better position to claw back its investment grade rating

While a higher inflation rate may otherwise inspire increased hawkishness in the South African Reserve Bank’s monetary policy committee — which meets this week — analysts expect that the repo rate will be kept on hold again. (Delwyn Verasamy/M&G)

Reserve Bank will stay tough, even as inflation softens

Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high

In the second quarter of 2025, unemployment edged up to 33.2% in the second quarter of 2025 from 32.9% in the previous quarter, while of the 10.1 million people aged 15 to 24,  35.2% were not in employment

Why is turning the tide on SA unemployment so tough?

South Africa’s jobless rate is one of the highest in the world — and bringing it down significantly could take years

People entering the abandoned Presidential Secretariat at Galle Face in Colombo, Sri Lanka on July 10, 2022.(Photo by M.A.Pushpa Kumara/Anadolu Agency via Getty Images)

‘Tunisia Days’ ahead as inflation exerts political pressure

With high prices continuing to bear down on consumers the world over, leaders who fail to bring inflation to heel could face a reckoning

The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

At 6.5%, inflation seals another ‘aggressive’ interest rate hike

Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years

Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday

Russia-Ukraine crisis sends oil prices soaring as South Africans face record fuel prices

The threat of a major war in Europe has kept global financial markets on tenterhooks

Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.

‘A cruel slap’: Reserve Bank weighs inflation risks as the economy struggles

Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect

Finance Minister Enoch Godongwana.   (File photo by Madelene Cronje)

Godongwana’s inaugural budget: austerity vs social security

Economists predict the finance minister will speak about the basic income grant, the effect of the July riots on the fiscus, and bailouts

The US Federal Reserve’s Federal Open Market Committee has broken its 14-month policy pause with a significant 50 basis point cut to the federal funds rate. (Mark Wilson/Getty Images)

If the inflation-driving supply strain in the US lasts, it could put South Africa in a chokehold

In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy

Unemployment epidemic: These men, gathered together to wait for the possibility of a piece job, are some of the 34.9% of South Africans who are without work, the highest figure among 82 countries monitored by business news agency Bloomberg.  (Delwyn Verasamy/M&G)

South Africa’s recovery lags behind emerging market peers Mexico, India

The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers

No new coal: Unemployed men such as Bonginkosi Mhlanga scrape a living from abandoned mine shafts. Analysts warn that commodity prices, which have over the years sometimes papered over South Africa’s economic woes, will not keep the country going forever. (Emmanuel Croset/AFP)

Commodities ‘bail out’ South African economy, but chronic structural woes remain

The mining industry is riding a wave that will eventually crash, analysts warn

Social security net: Senior citizens queuing for their social grants outside Jabulani Mall in Soweto.

The basic income grant is surely on the horizon

It is becoming clear SA needs a BIG, as many ANC cabinet members, opposition parties and experts agree. But there is still dissent from some quarters

No pay bonus on double public holiday

Workers are entitled to be paid for only one of the public holidays that will be celebrated this Friday, not both, the director of a local law firm said. According to the Basic…

Power cuts take toll on mines, factories

Manufacturing slowed in December and mining output also fell, official data showed, fanning concern the economy’s two main power consumers will suffer from electricity…