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At the South Africa Investment Conference (SAIC), President Cyril Ramaphosa formally launched the second Presidential investment mobilisation drive. The initiative aims to secure R2 trillion in new investment between 2026 and 2030. Photo SA Investment Conference

South Africa’s investment drive is rebuilding the economy

In an era when cynicism too often dominates public discourse and doubt easily overshadows progress, the facts speak volumes. South Africa is attracting capital, rebuilding…

The second phase of the Lesotho Highlands must not repeat the mistakes of the first phase in which women were displaced and disempowered. Photo: File

Lesotho Highlands Water Project must work with women, not against them

Public banks – Development Bank of Southern Africa, African Development Bank and the New Development Bank – and the Lesotho Highlands Development Authority render women invisible…

The country’s foreign policy is centred on human rights, democracy, international law, peace and an Africa-first perspective. Photo: File

South Africa’s sovereignty is not for sale

The country must stand up to bullying from powerful states and form bonds, as an autonomous nation, with countries that share our values

The Constitutional Court will rule on whether parliament acted lawfully when it rejected a Section 89 panel report recommending an impeachment inquiry into President Cyril Ramaphosa over the Phala Phala scandal

Brics leaders call for cooperation in protectionist global environment

President Cyril Ramaphosa said the uncertainty of the new trading regime had already harmed the country’s economy

US President Donald Trump. (File photo by Chip Somodevilla/Getty Images)

Brics, G20 and Trump 2.0: A new geostrategic balance of power?

China’s changing priorities towards funding African development through smaller projects show a possible willingness to adapt to African priorities and economic needs.

Transnet is falling well below its target of shifting 200 million to 220 million tonnes of freight a year, at which point — it is estimated — it will begin to make a meaningful contribution to the economy. Its current target is 170 million tonnes a year. Photo: (Karel Prinsloo/Bloomberg)

Debt-ridden Transnet needs to improve operations, auditor general warns

The state-owned company cannot continue relying on debt for operating cash and was at risk of not meeting repayments at the present rate

Then Minister of Justice and Correctional Services of South Africa Ronald Lamola speaks to press members after the hearing of South Africa’s genocide case against Israel at the International Court of Justice (ICJ) in The Hague, Netherlands on January 12, 2024. (Photo by Dursun Aydemir/Anadolu via Getty Images)

Ronald Lamola’s appointment signals continuity in South Africa’s foreign policy

The new minister needs to involve young people as he sets out to cement the country’s position as a vocal advocate for human rights and international justice

The Brazilian President Luiz Inácio Lula da Silva, South African President Cyril Ramaphosa and Indian prime minister Narendra Modi attend the Brics Business Summit on August 22, 2023 in Johannesburg, South Africa. The Brics summit is held in South Africa between (Photo by Per-Anders Pettersson/Getty Images)

Brics leaders talk expansion amid ‘Cold War’

China’s Xi Jinping, the leader of the biggest economy in the bloc, said the world is at a ‘critical juncture’ amid growing trade tensions

The New Development Bank pledges billions of dollars towards infrastructure development in South Africa.

Government gets $2bn more in pledges towards infrastructure development

The New Development Bank pledges billions of dollars towards infrastructure development in South Africa. Implementing infrastructure development is one of the measures the…

Finance Minister Tito Mboweni. (David Harrison/M&G)

South Africa gets $4.3bn IMF loan. In return, the country must reform

The loan, which is repayable over five years at an interest rate of 1.1%, comes with various self-imposed conditions such cutting the public wage bill and rationalising support…

Finance Minister Tito Mboweni. (Delwyn Verasamy/M&G)

Treasury: IMF’s low interest Covid-19 loan will provide financial relief

The International Monetary Fund has approved a $4.3-billion – R71-billion – loan to South Africa to bolster the economic relief package

Energy share: Workers weld wind turbines. The European Union’s economic recovery is based on the Green Deal and business in South Africa is ready for this. (Norm Betts/Bloomberg/Getty Images)

Jury’s out on green recovery

Public-private partnerships and big infrastructure builds have been suggested as ways to boost South Africa’s flagging economy. Another option to consider is green bonds, which…

‘Don’t be afraid of fresh ideas’

The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024

Former finance minister, Tito Mboweni. (Waldo Swiegers/Bloomberg/Getty Images)

Mboweni to further tighten the belt in his budget

The finance minister will cut departments’ allocations according to their cloth as one measure, and savings will have been made from underspend during the lockdown

Last resort: The World Bank, seen in discussion above, in 2013. (Stephen Jaffe/IMF/Getty Images)

This time, the IMF is not to be feared

The International Monetary Fund’s emergency funding is cheaper than other options and is low risk. The Reserve Bank creating money to finance government debt is a better option

After a series of meetings between the treasury and the International Monetary Fund (IMF) earlier this month, staff from the latter institution concluded that South Africa’s growth would sharply deteriorate to just 0.1% in 2023.

IMF talks are yet to begin

Measures to contain Covid-19, including the lockdown, are costly and hurt the economy

Big boost: China has received a $350-million loan from the Brics bloc’s New Development Bank to build a shopping mall in Chongqing as part of its small cities sustainable development programme.

Brics bank fails to live up to hype

The New Development Bank is facing questions about the transparency and fairness of its loans

South Africa joined the BRICS formation in 2011

There is more for South Africa in BRICS

The prospective rating agency is said to challenge the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating.

Locals bid Cuban soldiers farewell as 450 troops board a plane for Havana on January 10 1989 in Luanda, following an accord to bring independence to Namibia and peace to Angola. Pascal Guyot, AFP

​South-South co-operation and solidarity: Beneficial for everyone and truly sincere?

Funding and investments between Global South countries are seemingly positive, but also obscure, writes Jakkie Cilliers.

Another brick in the wall for the New Development Bank

The recent G20 summit presented the Brics countries with an opportunity to fast-track plans for the establishment of a joint financial institution.