In a recent social media thread by Daily Investor, a significant statistic was highlighted regarding South Africa’s tax landscape: only 1,660,182 people contribute to 76.2% of all personal income tax. This figure, sourced from South Africa’s latest Tax Statistics report, paints a stark picture of the income distribution within the country. The Tax Base The […]

South Africa’s economic challenges have claimed yet another casualty as Famous Brands, the parent company behind beloved fast-food outlets such as Steers, Debonairs Pizza, and Fishaways, announced the closure of 47 restaurants in the past financial year. The closures, which also affected brands like Wimpy, Mugg & Bean, and Milky Lane, highlight the pressures faced […]

Over the past two years, Tshwane’s municipal workers, under the banner of the South African Municipal Workers’ Union (Samwu), have been locked in a bitter struggle with the City of Tshwane. At the heart of this conflict are longstanding wage disputes, including demands for historical salary increases of 3.5% and 5.4% from 2021 and 2023. […]

The tension surrounding the Basic Education Laws Amendment (BELA) Bill has reached a fever pitch in South Africa, with the African National Congress (ANC) and the Democratic Alliance (DA) finding themselves on opposite sides of a critical debate. As the deadline for final negotiations looms, the outcome of this legislative process could have profound implications […]

South Africa, often regarded as the gateway to Africa, has a rich history and immense economic potential. Yet, when it comes to GDP per capita growth, the nation finds itself lagging behind both its African peers and developed economies. This trend raises questions about the country’s economic trajectory and the challenges it faces in unlocking […]

As the African National Congress (ANC) prepares to decide the fate of its KwaZulu-Natal and Gauteng provincial structures this week, many are left wondering: Is this just another political maneuver or a genuine attempt to address the concerns of the South African public? With the ANC’s leadership acknowledging that it is prepared to “lose friends” […]

The recent statement by South African Reserve Bank (SARB) Governor Lesetja Kganyago about proceeding with caution when adjusting interest rates has raised more than a few eyebrows. Kganyago noted that policymakers are carefully watching global trends, particularly in the United States, to avoid making decisions they might regret in the future. But while this cautious […]

As former President Thabo Mbeki recently warned, South Africa is currently in “crisis mode.” But what does this really mean for the business landscape and the stability of the local currency? With the year coming to a close, the true implications are still unfolding. Mbeki’s statement captures the growing uncertainty in the country. Economic struggles, […]