New budget battle looms in South Africa as parties reject VAT increase

Weeks after the budget was first due to be delivered, South Africa’s finance minister Enoch Godongwana finally made the announcement on Wednesday. But one of the main sticking points remains. An increase in value-added tax (VAT), which several political …

South Africa’s budget remains stuck as parties reject reduced VAT hike

A revised budget presented on Wednesday by South Africa's finance minister was immediately rejected by major political parties, even though a proposed increase in value-added tax (VAT) was sharply reduced. The revision was meant to end an impasse …

GreenYellow South Africa and AJP Group partner for 4.6 MW Solar PV Installation rollout across 10 Shopping Malls in the ...

GreenYellow South Africa has officially commenced a 4.6 MW Solar PV project with AJP Group, a diversified investment and property management company specialising in the development and operation of commercial real estate. With a strong presence in the …

South Africa to Host first G20 Trade And Investment Meeting

"We have identified four focus areas for the TIWG. The first is trade and inclusive growth, with an outcome being principles to promote trade and inclusive growth that aim to address common or shared challenges resulting from distributive effects of …

Trump delivers new blow to South Africa with loan cancellations

The United States has decided to cut funding for the Just Energy Transition Partnership, or JETP, an initiative in which several countries are providing billions of dollars in funding to help South Africa invest in alternatives to its highly polluting coal …

US Sidelines South Africa’s Ambassador Amid Political Fallout

US Sidelines South Africa’s Ambassador Amid Political Fallout

South Africa’s ambassador to the US, Ebrahim Rasool, appears to have been frozen out in Washington, failing to secure key meetings with State Department officials and key Republicans. Rasool, who occupied the same position during the Obama administration, …

China creates hacker-proof quantum satellite communication link with South Africa

China has for the first time extended ultra-secure communication into the southern hemisphere using a quantum key distribution link with South Africa, according to a senior scientist involved in the project. The achievement brings the world a step closer …

South Africa knows its real friend between China and Taiwan

The Department of International Relations and Cooperation has renamed the "Taipei Liaison Office" to the "Taipei Commercial Office," reaffirming South Africa’s stance on Taiwan and its diplomatic ties with China. An updated message on …

South Africa reduces Eskom debt relief package

South Africa said on Wednesday that it would reduce its debt relief package for state-owned power utility Eskom by a further R20-billion and would give some of its support in loans rather than taking on the company’s debt. “Eskom is now in a much better …