Naledi Ngcobo

South Africa

Specialist Radio Reporter at SABC News

SABC Specialist Reporter (Economics) 📻🇿🇦 Financial Journalist. Wits and GIBS alumni

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Articles

Mashatile urges investment in skills, education for economic growth

2 weeks ago | sabcnews.com | Naledi Ngcobo

Deputy President Paul Mashatile has stressed the importance of investing in skills and education in order to unlock economic growth and job creation. Delivering a keynote address at the inaugural Gauteng Investment Conference, Mashatile emphasised that investing in Gauteng is not just about financial returns but investing in the people, the communities, and the country’s future.
Tau calls on SA to grow its international trade presence

3 weeks ago | sabcnews.com | Naledi Ngcobo

Trade, Industry and Competition Minister Parks Tau has emphasized the importance for South Africa to entrench and deepen its global presence amid growing geo-political tensions. The minister impressed upon delegates at the Gauteng Investment Conference the importance of leveraging on the opportunities presented by the Africa Continental Free Trade Agreement (AfCFTA) and the country’s G20 presidency.
Gauteng government secures over R312bn in investment pledges: Maile

3 weeks ago | sabcnews.com | Naledi Ngcobo

Gauteng’s Finance and Economic Development MEC Lebogang Maile says the provincial government has secured over R312 billion in investment pledges, exceeding its target by R12.5 billion. Maile made the announcement while addressing delegates at the Gauteng Investment Conference in Johannesburg on Thursday. He reveals that investment pledges include a total of 60 projects across 15 sectors and sub-sectors, including manufacturing, mining, transport, and ICT, among others.
'Two-pot contributed nearly R12 billion in tax revenue collections'

3 weeks ago | sabcnews.com | Naledi Ngcobo

The South African Revenue Services (SARS) has reported that the two-pot retirement system has contributed nearly R12 billion in tax revenue collections since its implementation last year. It further notes that personal income tax was the biggest revenue contributor, with collections amounting to R733 billion.
CPI remains unchanged at 3.2% in February

1 month ago | sabcnews.com | Naledi Ngcobo

Data released by Statistics South Africa shows that the Consumer Price Inflation remained unchanged at 3.2% in February from January 2025. The main contributors to inflation in the month came from housing and utilities, food and non-alcoholic beverages, restaurants and accommodation services. Inflation remains broadly under control and well below the Reserve Bank’s midpoint target. #ZAinflation || Annual consumer price inflation was 3,2% in February, unchanged from January.
Survey shows consumer inflation to average at 4.3% this year

1 month ago | sabcnews.com | Naledi Ngcobo

A survey conducted by the Bureau for Economic Research among analysts, trade unions and businesses indicates that they expect consumer inflation to average 4.3% this year. This means that consumer inflation is expected to remain contained at the midpoint of the Reserve Bank’s target range over the next couple of years. It’s a downward revision from a previous 4.5% forecast. Respondents expect the economy to grow by 1.2% this year.
Government spending expected to reach R2.4 trillion this year

1 month ago | sabcnews.com | Naledi Ngcobo

Government spending is expected to reach R2.4 trillion this year, growing at a rate of 5.6% over the next three years. Additional spending requirements came from an extension to the Social Relief of Distress Grant to March next year, above inflation public service wage increases, frontline services, social grants increase and infrastructure among others.
Treasury expects GDP to grow by 1.9% in 2025

1 month ago | sabcnews.com | Naledi Ngcobo

National Treasury expects the country’s economy to grow by 1.9% in 2025 and to average 1.8% over the next three years. Finance Minister Enoch Godongwana revealed this while tabling the National Budget in Parliament. The government says it expects a growth recovery to be supported by improved investor confidence, stable electricity supply, lower interest rates and a declining risk premium.
Debt-service costs to rise to almost R390 billion: Godongwana

1 month ago | sabcnews.com | Naledi Ngcobo

Finance Minister Enoch Godongwana says the country’s debt is now expected to peak and stabilise at 76% of Gross Domestic Product, up from a previous forecast of 75% of GDP in the 2025/26 financial year. Godongwana was delivering the Budget Speech in Cape Town. Spending on interest payments on debt is expected to reach nearly R390 billion which is higher than spending on health, basic education and economic development programmes.
US aid cuts to SA expected to weigh on spending

1 month ago | sabcnews.com | Naledi Ngcobo

The decision by the United States to cut aid to South Africa is expected to add some expenditure pressures on the national budget. As Finance Minister Enoch Godongwana prepares to deliver the budget in Parliament this afternoon, analysts say government finances may face increased pressure having to fund health projects after the Trump administration cut its spending on aid, including the President’s Emergency Plan for AIDS Relief (PEPFAR).