Economy

The Group of Twenty (G20) South Africa

Date: Mar 4, 2025

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SA EFF leader challenges Finance Minister's authority on VAT reversal

Economic Freedom Fighters (EFF) leader Julius Malema has criticised South Africa's (SA) Finance Minister, Enoch Godongwana, over his announcement to reverse the VAT increase.

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Morocco's Maroc Telecom reports Q1 profit decline

Maroc Telecom, the largest telecom operator in Morocco, has announced a 5.9% decrease in its profit for the first quarter (Q1) of the year, as lower revenue from its domestic operations offset growth in its African markets.

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Remote work is not new, it was just accelerated: Expert

The COVID-19 pandemic may have propelled the world into remote work seemingly overnight, but according to employment law expert Yvonne Mkefa, the shift was long in the making.

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DRC, Rwanda to sign agreement in US on peace, economic development

Democratic Republic of Congo (DRC) and Rwanda plan to sign an agreement in Washington this Friday to promote peace and economic development.

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China grants some exemptions from US tariffs to limit trade war pain

China has granted some exemptions on United States (US) imports from its 125% tariffs and is asking businesses to identify goods that could be eligible in the clearest sign.

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Oil set for weekly fall under supply pressure

Oil prices were set for a weekly decline of nearly 2% on the back of oversupply concerns and uncertainty around tariff talks between the United States (US) and China.

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Zimbabwe’s inflation hits 85.7% as new currency struggles

Zimbabwe’s inflation has surged to 85.7% in local currency terms for the year, according to figures released by the country’s statistics agency, Zimstat.  

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SA power producer suspends cuts after recovering 2000mw

South Africa (SA) power producer, Eskom, has attributed its decision to suspend loadshedding to the recovery of more than 2000 megawatts of generation capacity and sufficient emergency reserves.

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Rand stable as investors await budget clarity

South Africa's (SA) Rand was little changed in early trade on Friday as investors awaited clarity on a disputed national budget which has roiled domestic markets in recent weeks.

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SA EFF insists on resignation of Finance Minister over budget controversy

The Economic Freedom Fighters (EFF) have intensified their calls for the resignation of South Africa's (SA) Finance Minister, Enoch Godongwana, accusing him of jeopardising the country's economic stability.

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