Section 232 tariffs and Agoa exit squeeze South Africa’s car industry
Losing Agoa access adds one more blow to the local motor manufacturing industry- as it already faces 25% tariffs
Voters abandon ANC, but opposition parties fail to inspire confidence
‘People believe that politicians can't be trusted. They also say that politicians are only interested in their own welfare and in that of their friends, family and their patronage networks,’ says Mari Harris, political analyst at Ipsos.
SA’s Agoa exit is not the end of US market access
However, it will face higher tariffs that could make some of its exports less competitive.
Jebb McIntosh – CEO of Combined Motor Holdings – passes away
CMH praised his business acumen, industry knowledge and leadership, describing him as an enduring business icon.
Diesel to come down by at least R1.20/l
But petrol will barely be lowered by a notch, at 1c/l as Treasury's intervention is offset by a higher slate levy.
Court sets aside Parks Tau’s national lottery licence award
Sizekhaya will continue to operate the lottery for now, but Minister Parks Tau has 12 months to award the fourth lottery licence.
South African businesses see ‘minimal’ impact of Agoa exclusion
It will, however, likely result in some job losses in the agriculture and automotive industries.
Gold falls after oil rebounds on lack of US-Iran deal progress
Spot gold fell 1% to $3 906.21 an ounce as of 11:02 a.m. in London.
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SA begins JET skills zone rollout
ANC support slides as Ipsos poll points to coalition battles in key metros. Gambling industry challenges Treasury’s 20% tax proposal.