Mike Cohen

1 month ago | bloomberg.com | Paul Vecchiatto |Mike Cohen

The city center in Cape Town. (Bloomberg) -- Plans by the authorities in Cape Town, South Africa’s second-biggest city and main tourism hub, to raise municipal levies by as much as 30% from July has sparked a public outcry ahead of next year’s local government elections.

1 month ago | bloomberg.com | S'thembile Cele |Mike Cohen

Enoch Godongwana at the 2025 Budget Speech, on March 12. (Bloomberg) -- South Africa’s coalition government appears likely to remain intact after the National Treasury abandoned a divisive plan to raise taxes and agreed to revise the budget. The Treasury in February proposed hiking the value-added tax rate by two percentage points to 17% over two years, sparking an outcry, and the proposed increase was halved three weeks later.

1 month ago | bloomberg.com | Jennifer Zabasajja |Mike Cohen

Workers use sewing machines at a factory in Maseru, Lesotho earlier in March. (Bloomberg) -- Lesotho is at risk of a liquidity crisis if US President Donald Trump follows through on plans to impose a 50% levy on imports from the tiny southern African mountain kingdom, its trade minister warned. Trump announced this month he’ll apply tariffs of at least 10% on most goods coming into America, with even higher duties on some 60 nations, to counter trade imbalances.

1 month ago | news.bloombergtax.com | Jennifer Zabasajja |Mike Cohen

Lesotho is at risk of a liquidity crisis if US President Donald Trump follows through on plans to impose a 50% levy on imports from the tiny southern African mountain kingdom, its trade minister warned. Trump announced this month he’ll apply tariffs of at least 10% on most goods coming into America, with even higher duties on some 60 nations, to counter trade imbalances. Lesotho was hit with the highest levies on the continent before Trump paused the additional duties for 90 days.

Feb 27, 2025 | yahoo.com | Paul Vecchiatto |Mike Cohen

(Bloomberg) -- South African lobby groups who say they represent the interests of White Afrikaners urged the Trump administration to censure senior members of the nation’s biggest political party implicated in a judicial probe into state graft. Most Read from BloombergLeaders from AfriForum and Solidarity met senior US officials in Washington this week and presented them with the names of African National Congress members who they said should be sanctioned under the Global Magnitsky Act.