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Cyril Ramaphosa (pic: Russell Roberts)

President Ramaphosa: SA is creating an enabling environment for investment

  LONDON, United Kingdom, April 19, 2018/ — President Cyril Ramaphosa told investors and business leaders that South Africa is on the road to economic recovery as government is creating an enabling environment to boost investor confidence. (more…)

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Uncertainty about investor protection affects Foreign Direct Investment into SA

South Africa’s government is juggling a lot of balls as it tries to find solutions to speed up land reform, while at the same time searching for a considered approach to assure local and international investors that their investment rights are protected.  A Joint Constitutional Review Committee has been mandated to review the merits of […]

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Not necessary to amend Constitution to effect land reform: FMF

The Free Market Foundation (FMF) says it is “appalled and alarmed” that expropriation without compensation of property (EWC), probably South Africa’s most important constitutional debate since the 1996 formation of the Constitution, will have only 45 days for written submissions. (more…)

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Wheat field

Expropriation without Compensation puts investment envoys in impossible position

President Cyril Ramaphosa’s plan to dispatch a team of respected envoys to promote investment in South Africa is to be warmly welcomed, the Institute of Race Relations (IRR) says. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

SA government responds to R&I rating action

Government notes and welcomes Japan-based R&I’s decision to affirm South Africa’s long term foreign currency debt rating at ‘BBB’ and local currency debt rating at ‘BBB+’ and to also revise the outlook to stable from negative. The action notably confirms the sovereign as an investment grade credit. This is according to a statement issued by […]

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Monale Ratsoma

Ratsoma appointed DG of BRICS NDB ARC

National Treasury’s Deputy Director-General (DDG) for Economic Policy, Mr Monale Ratsoma, has been appointed the Director-General of the BRICS New Development Bank (NDB) Africa Regional Centre(ARC). The Treasury says in a statement that the appointment is effective from 16 April 2018. MrRatsoma’s role will be managing the bank’s African regional operations and leading the bank’sAfrican […]

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Dawie Maree

Fuel price hike dampens impact of the recent rate cut

Fuel prices are due to increase and motorists will pay 72 cents more for 95 octane and 93 octane will go up by 69 cents. This follows the fuel price increase announced by the Energy Department. (more…)

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Minister of Finance, Mr Nhlanhla Nene

SARS collects R1 216.6 billion in the financial year 2017/18

The South African Revenue Service collected an amount of R1 216.6 billion in the financial year 2017/18. This was announced today at a press conference by the Minister of Finance, Nhlanhla Nene. “It should be noted that these are preliminary results, which will be subject to final audit. The preliminary result is very close within 0.06% […]

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