The South African Revenue Service (SARS) has announced that both the legal and operational frameworks required to administer China’s temporary zero-tariff scheme have been finalised. The Asian country announced in February this year that it would...
The South African Reserve Bank’s Monetary Policy Committee (MPC) has increased the repo rate by 25 basis points to 7%, effective from 29 May 2026. SARB Governor Lesetja Kganyago said four MPC members supported the increase, while two preferred to...
Government has welcomed Moody’s decision to revise South Africa’s sovereign credit rating outlook from stable to positive, while affirming the country’s domestic and foreign-currency long-term ratings at Ba2. According to the National Treasury,...
Small and medium-sized enterprises (SMEs) make up 98% of all businesses in South Africa. There are between 2.4 million and 3.5 million in the country. They play a vital role in creating an estimated 66% of all jobs and supporting local economies....
