According to Lesetja Kganyago, Governor of the South African Reserve Bank (SARB), inflation is currently at 4.8%, slightly down from the previous figure of 4.7%. However, sustained declines are necessary to reach the target range of 4.5% to 5%.
Author: Staff Writer
BMW has revealed the second-generation BMW X2, showcasing a refreshed design, cutting-edge technology, and larger dimensions compared to its predecessor.
Unilever, the multinational consumer goods company, has reached a settlement agreement with the Competition Commission regarding a long-standing price-fixing case.
South Africa’s largest real estate investment trusts (REITs) have experienced a significant decline in value, with the big five collectively losing over R100 billion since September 2018.
Ghana has achieved a significant milestone by becoming the first African country to issue a Forest Law Enforcement, Governance, and Trade (FLEGT) license for its timber exports to the European market. This achievement marks a major step forward in promoting legal and sustainable timber trade between Ghana and Europe.
South Africa’s automotive industry has received a significant investment of R9.5 billion through three major deals. These investments will have a transformative impact on the sector and contribute to the country’s economic growth.
Kenya has announced its ambitious plans to construct a nuclear power plant as part of its efforts to enhance its energy infrastructure. The construction is scheduled to commence in 2027.
The Competition Tribunal of South Africa has raised concerns regarding a proposed antitrust settlement between the Competition Commission and consumer goods giant Unilever.
The Kenyan Treasury has announced its intention to remove taxation on pension withdrawals made by individuals below the age of 65, providing relief for those considering early retirement. However, this proposal poses challenges for pension administrators.
In response to highly pathogenic avian influenza (HPAI) outbreaks and concerns about food security, the South African government is contemplating a temporary rebate on import duties for chicken meat.