Cape town: In a landmark moment for South Africa’s monetary policy agenda, the government has decided to reduce the country’s inflation target to 3%, with a 1 percentage point tolerance band. This strategic move is expected to lower the cost of living and borrowing for households, businesses, and the government,

Johannesburg: The Ministry of Water and Sanitation has reaffirmed its commitment to accelerating equitable and sustainable access to water and sanitation services across South Africa. The commitment was made at the Association of Water and Sanitation Institutions of South Africa (AWSISA) Africa and Global South Water and Sanitation Dialogue, which

Pretoria: Employment and Labour Minister Nomakhosazana Meth has welcomed the reduction in South Africa’s unemployment rate, as reflected in Statistics South Africa’s (Stats SA) latest Quarterly Labour Force Survey (QLFS) for the third quarter of 2025. According to South African Government News Agency, the country’s official unemployment rate declined by

Madrid: Building effective and inclusive justice systems will take centre stage as global leaders meet in Spain for the 2025 Organisation for Economic Co-operation and Development (OECD) Justice Leaders’ Dialogue. Deputy Minister of Justice and Constitutional Development Andries Nel will lead South Africa’s delegation to the Justice Leaders’ Dialogue, as

Cape town: The Minister of Finance, Enoch Godongwana, will deliver the Medium-Term Budget Policy Statement (MTBPS) at a sitting of the National Assembly at the Good Hope Chamber in Parliament, today, Wednesday, 12 November 2025. The MTBPS plays a critical role in the overall budget process, as it sets out

Pretoria: The South African Revenue Service (SARS) has welcomed Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS), delivered on Wednesday, showing that the revenue service collected over R900 billion in revenue. By 30 September 2025, SARS had collected a net revenue of R924.7 billion, drawn from gross collections of

Pretoria: The announcement of a new inflation target for South Africa of 3% with a 1 percentage point tolerance band follows agreement between the Governor of the South African Reserve Bank (SARB) Lesetja Kganyago and the Minister of Finance Enoch Godongwana. Minister Godongwana, who made the announcement during the Medium

Cape town: South Africans will have to wait until the 2026 Budget to find out whether the proposed R20 billion in additional tax increases can be withdrawn. Presenting the Medium-Term Budget Policy Statement (MTBPS) at a sitting of the National Assembly at the Good Hope Chamber in Parliament, Minister of