-
1 week ago | 
news.bloomberglaw.com | 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.
-
1 week ago | 
news.bloombergtax.com | thembile Cele |Ntando Thukwana
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. The lights were dimmed as Ramaphosa entered an infrastructure conference in Cape Town on Tuesday, evoking the US president’s call to turn the lights down in the Oval Office to cue up a video montage that amplified his false claims of a White genocide in South Africa.
-
2 weeks ago | 
news.bloomberglaw.com | Loni Prinsloo |thembile Cele
South Africa’s government plans to push ahead with a policy directive that provides a workaround to Black-ownership requirements in the telecommunications industry, aiming to encourage Elon Musk’s Starlink and other satellite services to operate in the country.
-
2 weeks ago | 
news.bloombergtax.com | Loni Prinsloo |thembile Cele
South Africa’s government plans to push ahead with a policy directive that provides a workaround to Black-ownership requirements in the telecommunications industry, aiming to encourage Elon Musk’s Starlink and other satellite services to operate in the country.
-
1 month ago | 
news.bloomberglaw.com | Loni Prinsloo |thembile Cele
A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country — and more corporate action is in the pipeline. The rush of deal-making is part of a broader Gulf drive into Africa, with the United Arab Emirates and Saudi Arabia in particular investing in mining, renewable energy and agriculture.
-
2 months ago | 
bloomberg.com | thembile Cele |Ntando Thukwana
South Africa’s Democratic Alliance is deeply divided about staying in the country’s ruling coalition following a standoff over the budget. The DA, the second-largest party in the the so-called government of national unity after the African National Congress, voted against a key piece of budget legislation last week after failing to use an increase in value-added taxes as leverage to get backing for its policy proposals. The legislation passed anyway with support from smaller parties.
-
2 months ago | 
bloomberg.com | thembile Cele |Ntando Thukwana
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
-
2 months ago | 
news.bloomberglaw.com | thembile Cele |Ntando Thukwana
South Africa is working to reset US relations that have been under assault by Donald Trump since his return to the White House. Pretoria is preparing a bilateral trade agreement as a backstop in case it loses access to a preferential accord, according to the deputy trade minister. And it’s shoring up its diplomatic presence in Washington following the expulsion of the country’s ambassador this month.
-
2 months ago | 
bloomberg.com | Ntando Thukwana |thembile Cele
Keeping South Africa’s inflation target at the current range will be costly for the government, according to central bank chief Lesetja Kganyago, who has long been an advocate of lowering the objective. “Keeping inflation where it, is or allowing it to get higher, means that government is going to pay more in debt-service costs, and so the cost of the higher inflation target is not insignificant,” Kganyago said at a South African Reserve Bank conference in Cape Town on Thursday.
-
2 months ago | 
bloomberg.com | thembile Cele |Ntando Thukwana
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
