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Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Rand strengthens as investors welcome Godongwana, Ramokgopa reappointments

Godongwana has pursued the austerity measures implemented by his predecessors to reduce debt and Ramokgopa is partly credited with the current relief from load-shedding

Former U.S. President Donald Trump attends his trial for allegedly covering up hush money payments at Manhattan Criminal Court on May 7, 2024 in New York City. Trump has been charged with 34 counts of falsifying business records, which prosecutors say was an effort to hide a potential sex scandal, both before and after the 2016 presidential election.(Photo by Sarah Yenesel-Pool/Getty Images)

How a potential Trump return to power could impact commodity prices and global markets

The Republican candidate is running a tight race against incumbent Joe Biden, who could see his Inflation Reduction Act dismantled

Johannesburg is submerged in darkness during load-shedding .  (AFP)

Investment 2024: SA a ‘hard sell’ as growth continues to falter

Investors will struggle to look beyond the country’s energy and logistics crises

Moonshot

Can coalitions stabilise the economy?

With the right amount of planning, political coalitions can work – and even create the environment for better economic solutions

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Bloomberg via Getty Images

Mini-budget raises questions about SA’s growth prospects

Finance Minister Enoch Godongwana has emphasised the need to address supply-side constraints, such as the country’s energy and logistics crises

Markets are anticipating that the conflict will be contained. A wider Middle East war would hit an already fragile and fragmented economy.

Global economy braces for Israel-Hamas spillover

A wider Middle East war would hit an already fragile and fragmented economy.

Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Public purse sees tail end of mining tailwind

Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation

The decision to form a unity government has been broadly welcomed by economists.

Emerging markets unwinding? Not just yet

Chile and Brazil are leading the pack with their recent interest rate cuts but South Africa is on its own timeline

Brics countries have expressed commitment to collaborate on confronting global warming, with rapid urbanisation in the five member countries.

What’s in it for the ‘friends of Brics’?

A bigger alliance will give the group extra economic heft, but it remains to be seen whether its members can speak in one voice

Investor confidence is low as citizens and domestic private companies stash their cash abroad to protect it from the volatility of the weakened rand. (Getty)

Self-inflicted pain makes SA rand a sore thumb

The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to the energy crisis

Will the dollar hit a Brics wall?

The architecture of the global financial system hurts emerging market economies but the alliance has yet to offer an alternative

Since Finance Minister Enoch Godongwana announced last year that the government would relieve Eskom of a large portion of its debt, markets have been on the edge of their seats waiting for more detail. (Getty)

With little detail about Eskom’s debt plan expected, budget could disappoint

The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness

Builder: President Cyril Ramaphosa at last year’s African Mining Indaba. He inherited a struggling economy afflicted by state capture and slow growth and began an investment drive. Photo: David Harrison

Ramaphosa’s economy remains a work in progress

The government has struggled to claw back business confidence after the state capture years.

Don’t read too much into GDP growth spurt

Growth in the third quarter is encouraging, but analysts have cautioned against viewing the data as a sign of the economy’s improved health

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Controversial government spending cuts ‘paid off’

Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint

South Africa is braced for a public sector strike, which, if all goes to plan, would be the largest in more than a decade. Photo: Delwyn Verasamy

Public sector strike will come at a cost

Commentators have weighed in on the Transnet strike’s economic hit, but strike season isn’t over yet

Dondo Mogajane, director general of the South African National Treasury, Enoch Godongwana, South Africa’s finance minister, David Masondo, South Africa’s deputy finance minister, and Edward Kieswetter, commissioner of the South African Revenue Service (SARS), (left to right), make their way to the budget presentation in Cape Town, South Africa, on Wednesday, Feb. 23, 2022. South Africa cut corporate taxes and set more ambitious targets for reducing debt, after a surge in commodity prices led to higher-than-expected tax income. (Dwayne Senior/Bloomberg via Getty Images)

Government stares down public wage conundrum

Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending

(Getty Images)

GDP contracts as SA’s sluggish economy embarks on a go-slow

Global dynamics and South Africa’s energy crisis will weigh on domestic growth for years to come. But green investment could, eventually, resuscitate the economy

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

Annual consumer inflation was unchanged at 3.2% in February at 3.2%, with increases registered in housing and utilities, food and alcoholic beverages and restaurants and accommodation offset by decreases in the services sector, Statistics South Africa said on Wednesday.
 (Guillem Sartorio/Bloomberg via Getty Images)

Relief: Government must guard SA’s poor against inflation’s assault

It could prove difficult for government to loosen its grip on the public purse, but economists say the current extraordinary circumstances require intervention