South Africa’s economy grew by 3.1% in the fourth quarter of 2017 ending the year on a strong footing, Statistics South Africa (Stats SA) announced on Tuesday.

Consulting Engineers South Africa (CESA) welcomes Finance Minister Malusi Gigaba’s comments during the 2018 Budget Speech that “we must act with urgency to make tangible progress on issues of public governance, inclusive growth and economic transformation.”

Monday, 26 February 2018 12:41

No wealth tax but taxing the wealthy

In his 2018 Budget Speech, Finance Minister Malusi Gigaba has found a balance between raising taxes on the wealthy, broadening the tax base and providing a safety net for the poor.

In his Budget Speech 2018, Finance Minister Malusi Gigaba used Bridge City as an example of a successful public-private partnership which is leading to social and economic transformation.

Standard & Poor's Global Ratings has again downgraded SA's foreign and local currency ratings by one notch each to BB and BB+ respectively.

Real estate consulting firm, JLL, has released its South African Q3 2017 market reports for the office markets in Johannesburg, Durban and Cape Town; the industrial markets in Johannesburg and Durban; and an outline of the South African retail market.

The International Monetary Fund (IMF) has raised South Africa’s growth forecast to 1% this year.

For the second year in a row, the South African Revenue Service (SARS) has broken the Trillion Rand mark in revenue collection.

Eskom has declared a power emergency, with the company saying that load shedding might take place if the need arises.

Poor airport infrastructure characterised by uneven development and lags in growth, as well high user charges are among challenges hindering growth in Africa

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