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The African Development Bank (AfDB) says South Africa’s well-developed financial sector has the potential to be the continent’s powerhouse.

Back to the office, but commercial property woes remain

The commercial property sector probably peaked in 2022. Office vacancies remain high and harsh economic conditions continue to constrain growth

Renowned French economist Thomas Piketty noted that the country has made little progress towards closing the inequality gap, despite efforts to redistribute income. Photo by Justin Sullivan/Getty Images)

Thomas Piketty: Direct wealth distribution needed to fix SA’s extreme inequality

The renowned French economist noted that the country has made little progress towards closing the inequality gap, despite efforts to redistribute income

(Photo by Gallo Images/Darren Stewart)

South Africa’s unemployment rate retreats again

The country has struggled to recover jobs after Covid-19’s economic onslaught

Some small to medium businesses are taking as long as 180 days to settle debts, according to an assessment by international insurer Allianz Trade

South Africa among countries where debt collection is most difficult

Some small to medium businesses are taking as long as 180 days to settle debts, according to an assessment by international insurer Allianz Trade

Photo: Laird Forbes/Gallo Images

Unemployment rate retreats to 34.5%

But forecasters are expecting the jobless rate to stay elevated, as load-shedding and inflation take their toll

The treasury’s relaxation of procurement rules will allow the state utility to attend to its ageing power stations far quicker (Paul Botes/M&G)

Eskom claws back control over ‘critical’ procurement

The treasury’s relaxation of procurement rules will allow the state utility to attend to its ageing power stations far quicke

QINGDAO, CHINA – MAY 09: Aerial view of shipping containers sitting stacked at Asia’s first fully automated container terminal of Qingdao Port on May 9, 2022 in Qingdao, Shandong Province of China. (Photo by Zhang Jingang/VCG via Getty Images)

Commodity prices buoy South Africa amid China’s slow growth blow

South Africa’s fate is tied to China’s, but war-related disruptions in the global energy market keep exports going

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression.  (Photographer: Waldo Swiegers/Bloomberg via Getty Images)

Rand offers cold comfort amid global inflation storm

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression

Rebuild efforts have been mired in concerns about looting, but — if funding is spent properly — it could provide a much-needed stimulus to a province that was hit by two crises in less than a year. Photo: Delwyn Verasamy

KZN flood ‘rebuild’ could offer much-needed economic stimulus

Rebuild efforts have been mired in concerns about looting, but it could provide a much-needed stimulus to a crisis-hit province

Reserve Bank governor Lesetja Kganyago has underlined on a number of occasions that high inflation is harmful to consumers, particularly the poor. Photo: Gem Atkinson/Bloomberg via Getty Images

EXPLAINER: Why are central banks worried about inflation?

High prices have been more stubborn than previously expected, forcing monetary policymakers to react

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.

Inflation again a hair’s breadth away from Reserve Bank’s upper limit

Consumer price inflation increased to 5.9% in March, up from 5.7% in February

South Africa is not an insignificant player in global agriculture. The country ranked 32nd among the world’s top agricultural exporters in 2023 and the only African country in the top 40.

South Africa could help to fill agricultural-commodity gap arising from the Russia-Ukraine war

Africa imported $4-billion worth of agricultural products from Russia in 2020. Of the total, 90% was wheat and 6% sunflower oil

The JSE announces its intention to amend its requirements to enable the listing of actively managed exchange-traded funds. (Guillem Sartorio / AFP via Getty Images)

JSE to amend requirements to enable actively managed ETF listings

The local bourse has seen an uptick in the listing of exchange-traded funds, which allow investors to combine equity, debt, property and commodity exposure at a fairly low cost

Arrie Rautenbach.

Absa announces first internal chief executive appointment since 2006

Arrie Rautenbach has been appointed to head up the banking group more than a year after his predecessor’s sudden departure

President Cyril Ramaphosa has underlined the importance of expanding digital access to help to grow the economy. (RODGER BOSCH/AFP via Getty Images)

South Africa looks to capitalise as digital economy set to grow

President Cyril Ramaphosa has underlined the importance of expanding digital access to help to grow the economy

In Africa, where women make up 45% of entrepreneurs — the highest rate globally — gender disparity in access to funding remains a significant barrier to economic equity and growth.
(Getty Images)

Excluded from the economy, but ‘women work all the time’

More women than men are unemployed, partly because they are engaged in unpaid labour: caregiving, cooking and cleaning

Charges in sub-Saharan Africa average 12% on transfers of $200

New migration policy could cut remittances lifeline

Migrant workers are seen as contributing to South Africa’s unemployment crisis. But cutting them off threatens to throw the regional economy off kilter

Community empowerment: A performance group connected to the Extinction Rebellion group joins hundreds of other people protesting against Shell’s plan to conduct underwater seismic surveys along South Africa’s Wild coast coast, at Muizenberg Beach, Cape Town. (Rodger Bosch/AFP)

The business case for environment, social and governance criteria

ESG performance presents an opportunity for involving communities in the decision-making process and reducing costs that might emerge down the line from litigation and fines

Eskom is using nine million litres of diesel a day to run its gas turbines, which come into operation as an emergency measure amid generation capacity failures.

Three more stages may be added to load-shedding if Eskom runs out of diesel at gas turbines

Fuel prices have soared in response to Russia’s invasion of Ukraine, putting South Africa’s power supply at risk

Petroleum giant Shell announces its intention to withdraw from Russia’s oil and gas market. (Andrey Rudakov/Bloomberg via Getty Images)

Shell announces it will exit Russia

The oil giant’s chief executive flagged the consequences of the West’s moves to disentangle itself from Moscow’s energy system