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South Africa Today daily economic news and indicators

SAA appears to be in a tail spin. EPA/Udo Weitz

South African taxpayers can’t keep bailing out broken airline

R21 billion: that’s how much South Africa’s beleaguered national carrier, South African Airways (SAA), says it needs to keep running. SAA has reached this point...
Merchant Cash Advance

How to Get Out of Merchant Cash Advance

Business (small, medium or large) owners need loans for the growth of their businesses. It varies depending on their specific needs. There are also...
President signs National Minimum Wage Bill into law

President signs National Minimum Wage Bill into law

President Cyril Ramaphosa has signed into law the National Minimum Wage Bill, which sets a historic precedent in the protection of low-earning workers. The Bill...
SA set to ramp up ICT collaboration with China

SA set to ramp up ICT collaboration with China

Communications Minister Stella Ndabeni-Abrahams says collaboration between South Africa and China is key to drive economic growth and the rapid adoption of ICT technologies. The...
IMF report: Specific warning to South Africa

IMF report: Specific warning to South Africa

The International Monetary Fund (IMF), after visiting South Africa, has warned that South Africa needs to pick up the pace of economic reforms. There...
SARB hikes repo rate by 25 basis points

SARB hikes repo rate by 25 basis points

The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repurchase rate (repo) by 25 basis points, effective 23...

Dana Gas and Crescent Petroleum Announce 30% Gas Production Increase in...

Khor Mor Field produces 400mmscfd gas and 15,000 bbls/day condensate Pearl Petroleum plans expansion as it marks a decade of production in KRI Kurdistan, Iraq.-Wednesday 21...
IMF: Optimism of economic growth in South Africa has faded. Photo: Die Vryburger

IMF: Optimism of economic growth in South Africa has faded

The International Monetary Fund (IMF) has stated that the initial optimism about economic growth in South Africa is fading. State entities such as Eskom...

Alleviating Poverty with Work from Home

The world’s 3.5 billion poorest adults hold assets below US$10,000 states a report released in 2017 by Credit Suisse. In several countries, adults remain...
Plan to address Eskom challenges afoot

Plan to address Eskom challenges afoot

A Nine Point Plan is set to go a long way in turning the fortunes of Eskom around at a time when the utility...

B2BX Cryptocurrency Exchange Secures Full Regulatory Approval in Estonia

LIMASSOL, Cyprus-Tuesday 13 November 2018  (BUSINESS WIRE)-- B2BX Exchange, a leading professional digital asset trading platform, announced today that it has received approval for a...
The South African Cuckoo Clock They Forget to Wind Up.

The South African Cuckoo Clock They Forget to Wind Up

Some time ago I was compelled to write an article about the stat of South Africa called "A Rose in the Garden of Corruption."...