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Today: March 24, 2025
Today: March 24, 2025
Kopano Gumbi

Kopano Gumbi

Staff Writer

Latest From Kopano Gumbi

Africa|Business|Economy|Finance

South Africa pauses rate cuts as trade and budget risks overshadow low inflation

South Africa's central bank paused its rate-cutting cycle on Thursday as risks stemming from U.S.

South Africa pauses rate cuts as trade and budget risks overshadow low inflation
Africa|Economy|Finance|Political

What's next for South Africa's budget and planned VAT hike?

South Africa's lawmakers will scrutinise the 2025 budget in the coming weeks, with amendments not ruled out as political parties weigh up a contentious plan to

What's next for South Africa's budget and planned VAT hike?
Africa|Business|Economy

South Africa sees modest Q4 growth on recovery in agriculture

South Africa's economy returned to modest growth in the fourth quarter of last year, helped by a recovery in agricultural output after the sector triggered a

South Africa sees modest Q4 growth on recovery in agriculture
Africa|Economy|Environment|Finance|Political|World

No-shows, aid cuts mar G20 meet on global poverty

South Africa sought to salvage international talks on tackling global poverty on Wednesday as finance chiefs from several leading economies skipped

No-shows, aid cuts mar G20 meet on global poverty
Africa|Business|Economy|Finance|Political

South African central bank governor says trade and tax policies pose inflation risks

Global trade tensions and a potential value-added tax hike in South Africa could derail two years of slowing inflation, the country's central bank governor said

South African central bank governor says trade and tax policies pose inflation risks
Africa|Economy|Environment|Political|US

South Africa's G20 ambitions bump up against reality of Trump

South Africa's G20 presidency was meant to be an opportunity to get rich, powerful nations to pay attention to poorer countries'

South Africa's G20 ambitions bump up against reality of Trump
Africa|Economy|News

South Africa's unemployment rate climbs weeks before election

South Africa's unemployment rate rose for the second quarter in a row to 32.9% in the first three months of this year, data showed on Tuesday, two weeks before the

South Africa's unemployment rate climbs weeks before election
Africa|News

Thirty years after end of apartheid, equality eludes South Africa

Nelson Mandela's African National Congress promised South Africans "A Better Life For All" when it swept to power in the country's

Thirty years after end of apartheid, equality eludes South Africa
Economy|Finance

South Africa's inflation slows but no rate cut seen in election week

South Africa's headline inflation slowed slightly in April, but analysts said an interest rate cut was unlikely next week when the central

South Africa's inflation slows but no rate cut seen in election week
Africa|News|World

South Africa's ANC will seek to form government of national unity

South Africa's African National Congress will invite other political parties to form a national unity government, its leader President Cyril

South Africa's ANC will seek to form government of national unity
Africa|Economy|Finance|News|World

Investors cautiously optimistic S.Africa's new government can deliver growth-friendly reforms

Investors are optimistic South Africa's new unity government can deliver stable economic policies to revive growth, but are cautious about how the new

Investors cautiously optimistic S.Africa's new government can deliver growth-friendly reforms
Election

ANC on course to lose majority in South Africa's seismic election

The African National Congress looked set to lose the parliamentary majority it has held for 30 years, partial election

ANC on course to lose majority in South Africa's seismic election
Africa|Election|News|World

Long queues as South Africans vote in most competitive election since end of apartheid

South Africans voted on Wednesday in the most competitive election since the end of apartheid, amid high turnout and with opinion

Long queues as South Africans vote in most competitive election since end of apartheid
Africa|Election|News

South African social safety net at crossroads as ANC support wanes

South Africa's African National Congress (ANC), fighting to extend its 30-year grip on power in elections this month, would like to cast the

South African social safety net at crossroads as ANC support wanes
Africa|Economy|Finance

South Africa central bank joins easing club with 25 basis point rate cut

South Africa's central bank struck a measured tone after its first rate cut in more than four years on Thursday, saying although

South Africa central bank joins easing club with 25 basis point rate cut
Africa|Economy|Election|News

Mozambique election winner faces tough financial squeeze

Whoever wins Mozambique's presidential election on Wednesday will face an economy battered by worsening cyclones, insecurity, delays to

Mozambique election winner faces tough financial squeeze
Africa|Economy|Finance

South Africa's budget to show healthier finances but discipline still needed, economists say

South Africa's mid-term budget review later this month is expected to show healthier public finances, but economists say it might be too early to loosen the

South Africa's budget to show healthier finances but discipline still needed, economists say
Africa|Business|Economy|Finance

South African finance minister not yet convinced on lowering inflation target

South Africa's Finance Minister Enoch Godongwana told Reuters on Wednesday that he was not yet convinced about lowering the country's inflation target, a move

South African finance minister not yet convinced on lowering inflation target
Africa|Economy|Finance

South African unemployment rate dips under coalition government

South Africa's unemployment rate fell in the three months after the formation of a coalition government that has boosted business confidence and led to hopes for

South African unemployment rate dips under coalition government
Africa|Economy|Finance

South Africa inflation drops to lowest in over four years

South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday,

South Africa inflation drops to lowest in over four years
Africa|Economy|Environment|Political|World

South Africa takes G20 helm as polarisation complicates agenda

South Africa takes over the G20 presidency on Sunday, the first African country to lead the forum, though its focus on issues such as inclusive growth and

South Africa takes G20 helm as polarisation complicates agenda
Africa|Business|Economy|Environment

South African economy unexpectedly shrinks due to drought

South Africa's economy unexpectedly shrank in the third quarter of this year as a drought caused a big drop in agricultural production, but analysts said they

South African economy unexpectedly shrinks due to drought
Africa|Business|Economy|Political|World

UN chief says debt relief tools far from adequate

United Nations Secretary-General Antonio Guterres said on Wednesday that existing debt relief mechanisms were far from adequate to address global

UN chief says debt relief tools far from adequate

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