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January 2025 Sees Trade Deficit Jump to R16.4 Billion in South Africa
South Africa started 2025 with a decline in trade performance, posting a preliminary trade balance deficit of R16.4 billion in January. According to the South African Revenue Service (SARS), this deficit stemmed from exports of R149.0 billion and imports of R165.4 billion. Key Factors Behind the Trade Imbalance The trade performance for January 2025 represents
TikTok Unveils STEM Feed to Inspire and Educate Sub-Saharan Africa
TikTok has launched its STEM Feed, a new feature aimed at promoting science, technology, engineering, and mathematics content on the platform. Partnering with Common Sense Networks (CSN) and Poynter, TikTok curates high-quality STEM videos designed to enhance users' educational experiences. The STEM Feed makes discovering enriching, informative content across the platform easier, allowing users to
Competition Commission Urges Google to Compensate South African Media
The Competition Commission of South Africa recently released the highly anticipated provisional report of its media and digital platforms market inquiry (MDPMI), which was launched in September 2023. The inquiry, conducted under section 43b of the Competition Act, aims to identify features in the media and digital markets that may impede or distort competition, particularly
Businesses Must Adapt to Climate Change Risks, Experts Warn
Climate change is no longer a distant concern—it’s a present-day reality, and its effects are becoming increasingly apparent. In South Africa, the country’s weather patterns have shifted dramatically, exposing businesses to new risks and challenges. One of the most devastating reminders of these risks came in 2022 when KwaZulu-Natal (KZN) experienced catastrophic floods, resulting in
OceanX and OceanQuest Unveil Historic Deep-Sea Discoveries in Cape Town
The "Around Africa Expedition," launched on January 30, continues to make waves as OceanX and OceanQuest unveil a series of groundbreaking deep-sea discoveries during its historic stop in Cape Town. This marks the first time the state-of-the-art research vessel, OceanXplorer, has arrived in South Africa, docking at the V&A Waterfront Harbour, and offering the perfect
Sinch Partners with Huge NXTGN to Transform South African Digital Services
Sinch (Sinch AB – XSTO: SINCH), a global leader in digital communication through its Customer Communications Cloud, is proud to provide real-time charging, policy control, and messaging solutions that have been pivotal in enabling Huge NXTGN to launch its innovative digital VNE platform. Huge NXTGN’s platform allows businesses in South Africa to offer value-added digital
African Bank’s Fashion Partnership Signals a New Era in Corporate Strategy
As African Bank marks its 50th anniversary, the bank is making waves on the international stage by merging finance with fashion. Under the banner “Africa to the World, and the World to Africa,” African Bank has partnered with renowned fashion house Khosi Nkosi to present two bespoke collections—Legacy and Frontline—at Milan and Paris Fashion Weeks
Michael Berner To Lead Visa's Expansion in Southern and Eastern Africa
Twenty-four Visa operations in the Southern and Eastern Africa (SEA) region now have a newly appointed head who will assume his duties immediately. Michael Berner, who has been recently appointed, will report to Visa’s Regional President of Central and Eastern Europe, Middle East, and Africa (CEMEA), Andrew Torre. He will continue as part of Visa’s
South Africa's Budget Speech Postponed as VAT Increase Sparks Disputes
The 2025 Budget Speech, which was set to be delivered by Finance Minister Enoch Godongwana today has been postponed for the first time in 30 years of South Africa’s democracy. The budget speech was delayed due to disagreements among key parties. Speaker of the National Assembly, Thoko Didiza, confirmed that the delay follows unsuccessful discussions
PwC Predicts R10 Billion Tax Revenue Shortfall Ahead of Budget Speech
As South Africa’s Finance Minister Enoch Godongwana prepares to deliver the national budget on February 19, PwC warns that tax revenues will fall R10 billion short of expectations. The consulting firm attributes the shortfall to weaker-than-expected VAT collections and lower corporate tax revenue, driven by declining commodity prices and ongoing logistics challenges. Revenue Collections Lag
Scanning Technology: The Underrated Hero in the Fight Against Data Breaches
Cybersecurity has become the top concern for South African businesses, according to the Allianz Barometer, outpacing all other operational risks. As businesses rely more on technology and the rise of artificial intelligence accelerates, the need for robust cybersecurity measures has never been more urgent. While firewalls and encryption often steal the spotlight, there is another
Volvo Announces Urgent Recall of 109 Vehicles in South Africa
Volvo South Africa has issued a safety recall for three of its vehicle models, which were sold in the domestic market between January 2023 and October 2024. This recall affects a total of 109 vehicles that were distributed nationwide. The National Consumer Commission (NCC) was officially notified of the recall by Volvo South Africa, which
Insaaf Daniels Shares Strategies for Effective Feedback and Team Building
In business, it's often said that people are a company’s greatest asset. While this has become a familiar business cliché, it holds undeniable truth. Every organisation is completely dependent on the performance of its teams, regardless of the functions or levels within the business. The responsibility for fostering high-performing teams lies firmly with leadership. In
The Key to Engaging Consumers in a Digital-First World
As the world continues to embrace digital transformation, with technology constantly evolving and everything moving toward 'everything-as-a-service,' consumers are increasingly juggling their digital presence with the desire to live authentic, human lives. The shift in digital communications is reshaping how brands connect, engage, and build loyalty with audiences in more meaningful ways. Shey Nel, Consumer
Ramaphosa Calls for Constructive Dialogue with Trump Over Land Expropriation
South African President Cyril Ramaphosa responded on Monday to US President Donald Trump’s recent threat to cut off future funding to South Africa over concerns about the country’s land expropriation policy. Trump, on Sunday, claimed that South Africa was “confiscating land” and mistreating white farmers, vowing to withhold US aid until a full investigation into
Optimising UX for Both Mobile and Desktop Experiences
Responsive design has evolved from a buzzword into an absolute necessity. What started as a way to ensure websites looked good on both desktop and mobile has become a more nuanced, deliberate process—especially for custom and bespoke websites. “Desktop and mobile are distinct experiences that should be designed and built to best suit their respective
SARB Rate Cut Signals Positive Shift in Housing
South Africa's residential property market could be on the verge of a significant turnaround following the South African Reserve Bank’s (SARB) latest decision to cut the repo rate by 25 basis points, bringing the prime lending rate down to 11%. This marks the third rate cut since September 2024 and is the first time the
Stats SA Reveals 2022-2023 Household Income Key Findings
The latest Income and Expenditure Survey by Statistics South Africa has provided valuable insights into the financial landscape of South African households, revealing stark income disparities across provinces, gender, and racial groups. Conducted from November 2022 to November 2023, the survey provides valuable insights into household spending patterns, highlighting the financial priorities that shape the
Global tourism surpasses pre-pandemic levels in 2024
2024 marked a historic turning point for global tourism, with 1.4 billion international tourist arrivals, signalling the sector's full recovery from the worst crisis in its history. According to the latest World Tourism Barometer from UN Tourism, international arrivals reached 99% of pre-pandemic levels, reflecting a robust 11% increase over 2023. This surge, amounting to
Smart Cashflow Tips For A Profitable Year Ahead
As 2025 begins, businesses have the perfect opportunity to prioritise effective cashflow management. Strong cashflow strategies ensure you meet commitments, invest in growth, and navigate unforeseen challenges with confidence. Roy Avungana, Chief Operating Officer (COO) of Chapu Chartered Accountants advises that implementing efficient cash flow management strategies is crucial because it will enhance your business