South African economy News
Latest articles and news about South African economy on AXL Media.
Latest Articles
- South African Rand Retreats Amid Geopolitical Volatility And Anticipation Of Federal Reserve Policy Decision
Published: Apr 29, 2026
Section: Africa
The South African rand has weakened against the US dollar as global investors maintain a cautious stance ahead of the Federal Reserve’s interest rate announcement. Markets are navi...
- Capitec Implements Credit Tightening as Iran Conflict and Rising Impairments Heighten Global Financial Risks
Published: Apr 23, 2026
Section: Africa
Capitec Group has shifted toward a more prudent lending strategy in response to geopolitical instability and a climb in credit loss ratios to 8.1%. Despite a 23% surge in headline...
- GoTyme Bank Scales South African Footprint Toward 100 Mall Hubs After Pick n Pay Exit
Published: Apr 22, 2026
Section: Africa
GoTyme Bank is launching 100 customer hubs in major South African shopping malls following its strategic withdrawal from retail kiosks. The expansion aims to blend digital efficien...
- Decade Long Power Outage in Emfuleni Municipality Exposes Deepening Local Government Crisis
Published: Apr 17, 2026
Section: Africa
Residents in South Africa’s Emfuleni Municipality, including the industrial hub of Vanderbijlpark, have reportedly lived without electricity for over 10 years. Expert analysis sugg...
- Sasria Relaunches Corporate Wrap Cover To Bolster South African Resilience Against Social Unrest
Published: Apr 6, 2026
Section: Africa
State owned insurer Sasria has reintroduced its Wrap Cover product to provide large corporations with protection against risks such as riots, strikes, and public disorder. The move...
- President Ramaphosa Orders Emergency Intervention as South Africa Braces for Record Breaking April Fuel Price Hikes
Published: Mar 30, 2026
Section: Africa
Cyril Ramaphosa has directed his cabinet to urgently mitigate the impact of unprecedented petrol and diesel increases scheduled for April 1, 2026. The President attributed the loom...
- Debt Rescue SA Rejects Reserve Bank’s Decision to Hold Interest Rates Amid Looming Electricity and Fuel Hikes
Published: Mar 28, 2026
Section: Africa
Debt Rescue SA has voiced strong opposition to the South African Reserve Bank's (SARB) recent decision to keep interest rates unchanged. The debt counseling firm warns that the com...
- South African Police Deploy Teargas As Anti Foreigner Protests In Durban Target Nigerian And Migrant Businesses
Published: Mar 25, 2026
Section: Africa
Law enforcement officers used rubber bullets and chemical agents to disperse hundreds of demonstrators during a volatile anti-immigration march in Durban on March 25. The protest,...
- South African Debt Crisis Deepens as Middle-Class Borrowing Hits 28 Times Monthly Income Amid Stagnant Wages
Published: Mar 23, 2026
Section: Africa
A new report from National Debt Advisors reveals a catastrophic disconnect between South African earnings and the cost of living, with some consumers carrying debt burdens nearly 3...
- Minerals Council South Africa Reports Constructive Dialogue with Government Over Proposed Mineral Resources Development Bill
Published: Mar 19, 2026
Section: Africa
Minerals Council South Africa President Paul Dunne expressed cautious optimism during the PGMs Industry Day, noting that the government appears receptive to industry concerns regar...
- Auction Alert: Liquidated South African Airline Assets Up for Sale with R150,000 Starting Bid
Published: Feb 25, 2026
Section: Business & Economy
The remaining assets of a liquidated South African airline are set to go under the hammer, with bidding expected to start at a remarkably low R150,000. The sale follows a prolonged...
- Strategic Shift: South African Business Leaders Propose VAT Adjustment for Social Funding
Published: Feb 24, 2026
Section: Banking & Finance
Ahead of the 2026 National Budget, prominent business organizations in South Africa are unexpectedly calling for a targeted increase in Value-Added Tax (VAT). Industry leaders argu...