July Marks National Savings Month in South Africa: A Time to Reflect and Adjust
This year’s theme, “Savings Prepares You for a Sustainable Future”, comes at a time when many households are feeling the pinch.
Economy
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South Africa and China Celebrate Deepening Economic Ties, Eye Balanced Growth
According to the Deputy President, 48 Chinese companies have invested more than US$11.69 billion in South Africa over the last decade. These investments span various strategic sectors and align with South Africa’s development goals.
China and Southern Africa Seal Historic R5.21 Billion Yuan-Denominated Loan Deal
The yuan-denominated loan reduces Africa’s reliance on dollar-based debt, where interest rates have averaged 5-7% higher than yuan loans, offering a cost-effective alternative.
Gauteng and Fujian Forge Stronger Economic Ties to Drive Industrial Growth and Innovation
The goal is to position Gauteng as Africa’s leading hub for advanced manufacturing, leveraging Chinese capital and technology while driving local job creation
South Africa-Shenzhen Economic & Trade Exchange Conference Strengthens Bilateral Ties
This high-profile event underscores China’s strategic commitment to deepening trade and cultural exchanges with South Africa, its largest trading partner for over a decade, with bilateral trade having soared to impressive heights in recent years.
Premier Lesufi Returns from China with New Trade and Cooperation Agreements
The Gauteng government now plans to follow up with implementation teams to assist SMMEs in navigating export requirements and prepare them to enter the Chinese market.
Gauteng Budget 2.0 Promises Better Budgeting and Service Delivery
He also promised that suppliers, especially small businesses and township businesses, will be paid on time. Government must pay all suppliers within 30 days, small businesses within 15 days, and township suppliers within 10 days.
Karan Beef hit by Foot and Mouth disease outbreak
The company emphasized on the fact that the outbreak has no risk to human health and confirmed that all their meat is safe.
All grades of fuel are expected to decrease in June
The fuel price adjustments were announced by the Department of Mineral and Petroleum Resources set to take effect on Wednesday, June 4.
Full Guide on How to apply for the Spaza Shop Fund
This as government officially opened applications for the fund aimed at increasing the participation of South African owned spaza shops in the townships and rural areas retail trade sector.