Siphelele Dludla

Content Manager: Business Report

Oil soars above $80 as Middle East war rattles global markets and threatens supply chains

Siphelele Dludla|Published

Oil prices have surged to their highest levels in over a year following unprecedented US-Israel strikes on Iran, raising concerns about supply disruptions and escalating ...

SARS pushes for President-led crackdown as illicit economy swells to R1.2 trillion

Siphelele Dludla|Published

The South African Revenue Service (SARS) has proposed a comprehensive strategy to address the growing illicit economy, highlighting the urgent need for coordinated ...

Oil prices poised for historic surge amid US-Israel strikes on Iran

Siphelele Dludla|Published

Following military strikes by the US and Israel against Iran, oil markets brace for a potential price shock, with analysts predicting prices could soar to unprecedented ...

SA economy seen expanding to 2% by 2028 as reforms gain traction, says Enoch Godongwana

Siphelele Dludla|Published

Enoch Godongwana's National Treasury projects a steady economic growth of 2% for South Africa by 2028, driven by reforms and improved investor confidence, signalling ...

Pretoria remains mum as new 10% US import levy looms after court blocks Trump tariffs

Siphelele Dludla|Published

Following the US Supreme Court's ruling against President Trump's tariffs, South Africa's trade negotiations face new challenges and opportunities. Experts weigh ...

After US action on political debanking, #RacistBanksMustFall calls for reform in South Africa

Philippa Larkin and Siphelele Dludla|Published

The #RacistBanksMustFall movement in South Africa advocates for legislative reforms to combat discriminatory banking practices, inspired by a recent US executive ...

Rand sinks as US-China trade tensions rise

Siphelele Dludla|Published

Compounding these economic woes is the fracturing of South Africa's coalition government over a contentious Value Added Tax (VAT) dispute.

Dr Sam Motsuenyane: Doyen of black business and an audacious community builder

Siphelele Dludla|Published

Dr Motsuenyane is survived by his wife, Joyce, his children, and grandchildren.

No break for consumers as petrol prices expected to rise again in May

Ashley Lechman and Siphelele Dludla|Published

South African fuel prices have reached record-high increases over the past three years.

Jet fuel dispute with Sars could lead to shortage of supplies

Siphelele Dludla|Published

According to people close to the situation, jet fuel stocks at Airport Company South Africa’s fuel farm in Kempton Park noticeably declined over the past week to ...

Restructured Sapo will be ‘lean, agile and cost effective’, says Gungubele

Siphelele Dludla|Published

Gungubele said government’s aim was to save the entity and ensure it continued as a business.

New vehicle sales decelerate for eighth month in a row

Siphelele Dludla|Published

Naamsa yesterday said the new vehicle market for March was dragged lower by a steep 27. 1% decline in export sales as they plummeted by 8 975 units to 24 161 units, ...

Sars collects record R2.1 trillion in taxes

Siphelele Dludla|Published

Sars paid out refunds of R414 billion to taxpayers, the highest-ever quantum in refunds compared to R381bn in the prior year, representing growth of 8. 6%.

Triple leadership boost for SA parastatals

Yogashen Pillay and Siphelele Dludla|Published

Transnet says that they have reached stability at Durban Container Terminal Pier 2 following the major container and vessel congestion crisis experienced late last ...

Trade tariff probes in past six months stall to 21-year low - XA report

Siphelele Dludla|Published

Investigations have gone from taking eight months to complete to now averaging 28 months with the crux of the delays due to the sign off at the Minister of Trade ...

Sounding the alarm: industrial gas users warn of impending meltdown unless action is taken by the government

Siphelele Dludla|Published

The unilateral decision by Sasol to cut off gas supply poses an existential risk to large industrial users of gas and is likely to lead to the de-industrialisation ...

Sanedi expects R300bn investment into SA green hydrogen by Japanese companies

Siphelele Dludla|Published

South Africa’s partnership with Japan is accelerating the development of the hydrogen economy to a significant degree, according to the organisation.

Expansion of Saldanha port may not be financially viable at this stage, says TNPA

Siphelele Dludla|Published

This comes as TNPA wanted to reposition the port by increasing exports capacity in the short-term (2022-2032) through the phase 2 iron ore expansion berth construction ...

Private rail operator Traxtion gives thumbs up to Godongwana’s logistics plans

Siphelele Dludla|Published

The finance minister has said third-party access to the freight rail network would be introduced by May 2024 to mitigate the logistics challenges emanating from ...

South Africa taps reserves to tackle debt

Yogashen Pillay , Siphelele Dludla and Edward West|Published

Finance Minister announces R150bn drawdown from contingency reserves.

Budget 2024: Treasury lowers SA’s growth forecast but sees recovery ahead

Siphelele Dludla|Published

The National Treasury is betting on a projected decline in consumer inflation and ramped-up investments in renewable energy projects to lift South Africa’s dwindling ...

Ratings agencies: SA’s fiscal slippage will be under the spotlight

Siphelele Dludla|Published

Gross loan debt has grown from R1. 58 trillion in 2013/14 to R5. 21 trillion in 2023/24.

Budget gets mixed reaction from business industry

Siphelele Dludla|Published

The business industry has given a mixed reaction to Finance Minister Enoch Godongwana’s 2024 Budget Speech, especially the taxes on business, though the policy on ...

Rand rises after Godongwana delivers fiscally responsible election budget

Siphelele Dludla|Published

Finance Minister Godongwana announced that the National Treasury will dip into the Gold and Foreign Exchange Contingency Reserve Account.

Budget 2024: Godongwana facing unemployment rate of more than 32%

Siphelele Dludla and Mayibongwe Maqhina|Published

The crisis with job creation in South Africa is more apparent when gleaned over a 10-year period as the number of unemployed people surged from 4. 8 million in the ...