South African Official News

ADDIS ABABA – In a significant overhaul of Ethiopia's economic framework, National Bank Governor Mamo Mehretu announced a landmark decision on foreign exchange (FX) management aimed at revitalizing the country's economic growth.According to Ethiopian News Agency, this strategic move is not a result of external pressures from lending institutions but…

WINDHOEK — The Ministry of Mines and Energy announced Tuesday that fuel prices will remain unchanged for the month of August. This decision comes as a relief to motorists amid fluctuating global oil prices. According to Namibia Press Agency, the price of petrol will hold steady at N.dollars 22.20 per…

Johannesburg - Africa is shedding its historical stereotypes and emerging as a significant global market, powered by its 1.2 billion consumers, representing a burgeoning opportunity for local and international businesses. The continent, now recognized as the world's tenth-largest economy, is experiencing dynamic growth across various sectors. According to Africa News…

WINDHOEK — In a significant call to the nation’s financial institutions, President Nangolo Mbumba urged commercial banks in Namibia to prioritize national development alongside their profit objectives, particularly by enhancing support for small and medium-sized enterprises (SMEs). According to Namibia Press Agency, during a meeting in Windhoek on Friday with…

PIETERMARTIZBURG – The KwaZulu-Natal government has announced a R150.5 billion budget aimed at stimulating economic growth and creating jobs, with a focus on governance and efficiency in public spending. According to South African Government News Agency, the KwaZulu-Natal Finance MEC, during his budget presentation at the provincial legislature, the budget…

OKAHAO— In a poignant address at the third Ehao Cultural Expo, President Nangolo Mbumba emphasized the crucial role of culture and heritage in fostering national unity, social cohesion, and economic development. His remarks highlighted the importance of embracing cultural identity as a means to counteract marginalization and promote inclusivity. According…

CAPE TOWN — South Africa’s government has set a bold agenda for the next five years to foster rapid and inclusive economic growth with a focus on job creation, poverty reduction, and equality. President Cyril Ramaphosa emphasized the crucial role of government restructuring and increased infrastructure investment during his presentation…

CAPE TOWN - Small Business Development Minister Stella Ndabeni-Abrahams affirmed the department's commitment to advancing small and medium-sized enterprises (SMMEs) in South Africa during the department's Budget Vote in Cape Town on Friday. According to South African Government News Agency, the department is prepared to tackle significant challenges to foster…

Windhoek — The annual inflation rate in Namibia has decreased to 4.6 percent in June 2024, a drop from the 5.3 percent recorded in June 2023, as reported by the Namibia Statistics Agency (NSA). According to Namibia Press Agency, Statistician-General and NSA Chief Executive Officer, speaking to Nampa on Tuesday,…

Pretoria - In a recent statement, Transport Minister Barbara Creecy emphasized the critical role of a well-functioning transport sector in driving economic success in South Africa. Addressing attendees at the opening of the South African Transport Conference in Pretoria, Creecy outlined the current challenges facing the sector, including road safety,…