S'thembile Cele

Johannesburg

Government Reporter at Bloomberg News

Politics and governance

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Articles

OECD Backs SARB Push to Lower South Africa’s Inflation Target

1 day ago | bloomberg.com | S'thembile Cele

Shoppers in Pretoria, South Africa. Photographer: Waldo Swiegers/Bloomberg(Bloomberg) -- Lowering South Africa’s inflation target would drive economic growth and international competitiveness, said the Organisation for Economic Cooperation and Development, echoing the country’s central bank. “Reduce the inflation target and consider reducing the band around it,” was one of the key recommendations in the OECD’s 2025 survey of Africa’s most industrialized economy, released Thursday in Johannesburg.
The Waikato Times

1 week ago | waikatotimes.co.nz | S'thembile Cele |Ntando Thukwana
The Post

1 week ago | thepost.co.nz | S'thembile Cele |Ntando Thukwana
South Africa Central Bank Cuts Rates as Inflation Risks Ease

1 week ago | bloomberg.com | Ntando Thukwana |S'thembile Cele

Lesetja Kganyago(Bloomberg) -- South Africa’s central bank resumed its easing cycle to offer support to a stuttering economy, as it forecast a more benign inflation outlook. The monetary policy committee cut the benchmark interest rate by 25 basis points to 7.25%, the lowest in more than two years, Governor Lesetja Kganyago told reporters at a briefing north of Johannesburg on Thursday. That matched the median estimate of 21 economists in a Bloomberg survey.
South Africa’s EFF Asks Court to Stop Proposed Fuel Levy Hike

1 week ago | bloomberg.com | S'thembile Cele |Ntando Thukwana

A gas station in the Alberton district of Johannesburg(Bloomberg) -- South Africa’s leftist Economic Freedom Fighters filed court papers in a bid to halt a proposed increase in fuel levies, the latest twist in a months-long tussle over the annual budget. The higher levies was proposed last week by Finance Minister Enoch Godongwana in his third attempt to present a taxation and spending plan that can win support from lawmakers.
South Africa’s EFF Asks Court to Stop Proposed Fuel Levy Hike

1 week ago | news.bloombergtax.com | S'thembile Cele |Ntando Thukwana

South Africa’s leftist Economic Freedom Fighters filed court papers in a bid to halt a proposed increase in fuel levies, the latest twist in a months-long tussle over the annual budget. The higher levies was proposed last week by Finance Minister Enoch Godongwana in his third attempt to present a taxation and spending plan that can win support from lawmakers.
Ramaphosa Dismisses Criticism of South Africa’s Empowerment Laws

1 week ago | bloomberg.com | S'thembile Cele |Ntando Thukwana

Cyril Ramaphosa(Bloomberg) -- South Africa’s President Cyril Ramaphosa defended laws aimed at uplifting the country’s Black majority and said he is “baffled” by suggestions that they are stifling economic growth. The so-called empowerment laws have been central to a fallout between Ramaphosa and his US counterpart Donald Trump and his Pretoria-born billionaire backer Elon Musk, who say they are racist and unfairly prejudice White citizens.
South Africa Lawmakers Slam Starlink Plan Over ‘Back Door’ Entry

1 week ago | bloomberg.com | S'thembile Cele |Loni Prinsloo

A Starlink satellite-internet communication system antenna and router. (Bloomberg) -- South Africa’s lawmakers challenged a plan to provide an alternative to Black ownership rules that will pave the way for Elon Musk’s Starlink to operate in Africa’s biggest economy. “We are not going to accept a situation where our laws are going to be rewritten in Washington,” Sixolisa Gcilishe, a member of the leftist Economic Freedom Fighters, told a meeting on Tuesday in Cape Town.
Ramaphosa Recalls His Bemusement at Trump Oval Office Encounter

1 week ago | bloomberg.com | S'thembile Cele |Ntando Thukwana

US President Donald Trump, right, and Cyril Ramaphosa, South Africa’s president, during a meeting in the Oval Office on May 21. (Bloomberg) -- South African President Cyril Ramaphosa laughed off Donald Trump’s Oval Office ambush, in his first direct comments since returning from the encounter with his American counterpart last week.
Ramaphosa's Building Spree for South Africa Draws $13 Billion

1 week ago | financialpost.com | S'thembile Cele |Ntando Thukwana

Advertisement 1South African President Cyril Ramaphosa said his plan to turn the nation into a construction site and improve its economic performance has attracted a record of more than 238 billion rand ($13.3 billion) of investment. Article content(Bloomberg) — South African President Cyril Ramaphosa said his plan to turn the nation into a construction site and improve its economic performance has attracted a record of more than 238 billion rand ($13.3 billion) of investment.