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SA desires AGOA Forum to end with renegotiated terms that benefit all involved
South Africa also wants the trade legislation, which gives some African countries preferential access to the US market duty-free, to be renewed earlier and for a longer period.
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Michelin innovations aiming to make road freight sector run smoothly
Eyewitness News asked Michelin Connected Fleet Marketing Manager Gomolemo Makola and B2B Director at Michelin Charl Lensley what role they play in this industry, how they assist SME’s and how technology can contribute to helping the industry run smoothly.
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BUSA highlights impact of AGOA, says it will lobby for 10-year extension
The three-day AGOA (African Growth and Opportunity Act) business forum is significant for the future of trade relations between sub-Saharan Africa and the US.
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Material irregularities by municipalities led to losses of R5.19bn, AG tells MPs
Auditor-General Tsakani Maluleke was briefing Parliament’s standing committee on the Auditor-General on their annual report and their report on municipal material irregularities.
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AGOA: More needs to be done to enhance US-Africa trade relations – Ramaphosa
Addressing delegates from the US and Africa on Friday, Ramaphosa said the AGOA Forum needs to establish reforms that will also benefit small and medium enterprises.
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US looking into updating AGOA labour terms to address workplace discrimination
The Deputy Assistant Secretary for Africa and the Middle East said there was a need for AGOA’s current labour terms to be updated to address issues in the workplace such as discrimination based on gender and sexual orientation.
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Accommodative SARB monetary policy won’t address growth, unemployment: Ramaphosa
The president in his final question-and-answer session for 2023 on Thursday, said the South African Reserve Bank considers several factors when it decides to increase interest rates to quell inflation.
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AGOA poses no threat to African Continental Free Trade Area, says AU
African Union Trade Commissioner Albert Muchanga said African Continental Free Trade Area and the African Growth and Opportunity Act the two trade pacts would yield far greater benefits for the region.
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Elon Musk issues warning about 'humanoid robots' in AI 'age of abundance'
The SpaceX and Tesla CEO said there would come a point when 'no job is needed', where they would instead just be for those who wanted one for 'personal satisfaction'.
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Godongwana: Treasury won't bail out Transnet until it's seen a turnaround plan
Transnet was singled out in his Medium-Term Budget Policy Statement (MTBPS) as one of the major contributors to the sluggish economy that’s led to an under-recovery of revenue to fund the country’s budget.
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African industrialisation must be top of mind at AGOA Business Forum, says Patel
The African Growth and Opportunity Act (AGOA) gives South Africa and other sub-Saharan countries preferential US market access and provides benefits to both the United States and African countries.
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AGOA forum gets underway, Africa's industrial development set to be focal point
The African Growth and Opportunity Act (AGOA) business forum kicked off at Nasrec on Thursday morning, where trade delegates from the African continent met with United States (US) officials to talk shop.
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Sars welcomes Godongwana’s MTBPS: There are 'positives’ amid the doom and gloom
The Minister of Finance in his Mid-Term Budget Policy Statement announced that the government has revised its February budget tax revenue estimate down by R56.8 billion for the 2023/2024 financial year.
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Govt making steady progress to get SA off the greylist - Godongwana
Finance Minister Enoch Godongwana revealed that since being greylisted, several government departments and agencies are working hard to address the deficiencies. He set a 2025 deadline to get South Africa removed from the greylist.
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Govt preparing to write off billions in municipal debt owed to Eskom: Godongwana
During his Medium-Term Budget Policy Statement, Godongwana announced that they received several applications from municipalities to have their debt totalling R56.8 billion written off.
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BLSA praises Godongwana for delivering sober MTBPS
With revenue less than projected, soaring debt-interest costs and an under-performing economy, Finance Minister Enoch Godongwana said that government planned to reign in its exorbitant spending bill.
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Transnet’s poor performance costing SA’s already struggling economy – Godongwana
Finance Minister Enoch Godongwana in his Medium-Term Budget Policy Statement labelled the country’s ports as ‘inefficient and uncompetitive’, with Treasury documents revealing the indebted entity’s efficiencies having cost over R400 billion.
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Godongwana coy on VAT hike as Treasury seeks additional R15bn to fund budget
Mid-term budget documents tabled in Parliament on Wednesday indicate that tax proposals will be made by Finance Minister Enoch Godongwana when he tables the 2024 main budget.
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MTBPS: Godongwana to have tighter fist on Eskom's loan, reveals new conditions
The Minister of Finance placed new conditions on the ailing utility’s R250 billion debt relief and tabled amendments to the Eskom Debt Relief Act to give him power to reduce future allocations.
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Rising debt servicing costs crowding out important social spending - Godongwana
Tabling the Medium-Term Budget Policy Statement (MTBPS) in the National Assembly on Wednesday, Finance Minister Enoch Godongwana said with debt growing faster than the economy, it would need an additional R14 billion to pay it off.
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Godongwana: Work still underway to reconfigure state & close some departments
Tabling his Medium-Term Budget Policy Statement (MTBPS) on Wednesday, Finance Minister Enoch Godongwana said the government wage bill continues to be high and the 2023 wage agreement has further pushed up the cost.
