12 h. ago Expectations of US recession rises after Trump increased tariffs

J.P. Morgan has raised it expectation of a US recession from 40% to 60%.

Politics

30 h. ago ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT

ActionSA has submitted a proposal to Finance Minister Enoch Godongwana, outlining strategies to generate R100 billion in additional government revenue without increasing the value-added tax (VAT). The party’s delegation met with the minister’s team on Saturday to discuss these alternative methods. With six seats in Parliament, ActionSA played a pivotal role in the recent approval of… Read More »ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT The post ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT first appeared on iAfrica.

Politics

32 h. ago US slaps 10% tariff on Ugandan exports, deepening economic strain

US has imposed a 10% tariff on Ugandan exports, deepening economic woes after AGOA suspension.

Politics

46 h. ago Steenhuisen Reaffirms DA’s Commitment to Government of National Unity Amid Budget Disputes

Democratic Alliance (DA) leader John Steenhuisen has reiterated his party’s dedication to South Africa’s Government of National Unity (GNU), despite recent tensions with the African National Congress (ANC) over the 2025 budget. The DA opposed the proposed 0.5% Value Added Tax (VAT) increase, leading to a strain in relations between the coalition partners. ANC Parliament… Read More »Steenhuisen Reaffirms DA’s Commitment to Government of National Unity Amid Budget Disputes The post Steenhuisen Reaffirms DA’s Commitment to Government of National Unity Amid Budget Disputes first appeared on iAfrica.

Politics

49 h. ago Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU

African National Congress (ANC) Secretary-General Fikile Mbalula has accused the Democratic Alliance (DA) of using the controversial 0.5% value-added tax (VAT) increase as a tool for political grandstanding. The VAT proposal has become a major sticking point between the two parties, after the DA refused to support the adoption of the fiscal framework in Parliament… Read More »Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU The post Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU first appeared on iAfrica.

Politics

53 h. ago DA’s budget vote shows it’s ‘no decisive force’ in GNU: Mashilo

Mashilo reiterates the SACP's opposition to the proposed VAT increase.

Events

58 h. ago SARS forges ahead with 0.5% VAT hike despite DA legal challenge

SARS makes provisions to go ahead with the 0.5% VAT increase on May 1.

Politics

3 d. ago LIVE | Lamola and Tau update on SA’s strategic approach to US tariffs

Media Briefing about South Africa's strategic approach to new US tariff regime.

Politics

3 d. ago Lesotho Faces Economic Blow as Trump Slaps 50% Tariff on Imports

Lesotho has become the world’s second hardest-hit country by President Donald Trump’s sweeping new tariffs, facing a 50% rate on all exports to the US—just behind China. The move threatens Lesotho’s thriving textile trade, including exports of Levi’s and Wrangler jeans, which have benefited from tariff-free access under the African Growth and Opportunity Act (AGOA).… Read More »Lesotho Faces Economic Blow as Trump Slaps 50% Tariff on Imports The post Lesotho Faces Economic Blow as Trump Slaps 50% Tariff on Imports first appeared on iAfrica.

Politics

3 d. ago Trump’s tariff hike on SA is part of the US trade issues: Dangor

The approach by the US administration on the issues of trade is a global one.

Politics

3 d. ago Global trade war is inevitable following Trump’s tariffs: Analyst

Parks Tau says they are still trying to make sense of the new tariffs

Politics

4 d. ago Macron calls for suspension of investment in US after tariffs

Macron called the Trump's tariffs "brutal and unfounded".

Politics

4 d. ago GNU Faces Crisis As Presidency Questions DA’s Commitment Following Budget Opposition

The Government of National Unity (GNU) in South Africa is experiencing significant strain after the Democratic Alliance (DA) opposed the recently proposed national budget, leading to questions about the party’s role within the coalition. The DA’s rejection of the budget, primarily due to disagreements over a proposed Value Added Tax (VAT) increase, has intensified existing… Read More »GNU Faces Crisis As Presidency Questions DA’s Commitment Following Budget Opposition The post GNU Faces Crisis As Presidency Questions DA’s Commitment Following Budget Opposition first appeared on iAfrica.

Events

4 d. ago South African Presidency Expresses Concern Over New U.S. Tariffs

The South African Presidency has voiced apprehension regarding the recent imposition of tariffs by U.S. President Donald Trump, describing them as punitive measures that hinder international trade. On Wednesday, President Trump announced extensive global tariffs, asserting they were in retaliation for what he termed unfair trade practices. South Africa is among the nations affected, facing… Read More »South African Presidency Expresses Concern Over New U.S. Tariffs The post South African Presidency Expresses Concern Over New U.S. Tariffs first appeared on iAfrica.

Politics

4 d. ago Selective US Tariffs Spare Key South African Exports but Pose Challenges for Farmers

In a recent policy shift, the United States has imposed steep tariffs on several African nations, effectively signaling the end of the African Growth and Opportunity Act (AGOA). Countries such as Lesotho, Madagascar, Mauritius, Botswana, and South Africa now face tariffs ranging from 30% to 50%. This move comes amid existing challenges in these nations,… Read More »Selective US Tariffs Spare Key South African Exports but Pose Challenges for Farmers The post Selective US Tariffs Spare Key South African Exports but Pose Challenges for Farmers first appeared on iAfrica.

Politics

4 d. ago Tariffs will harm US even without European response: Germany’s Scholz

 German Chancellor Olaf Scholz says Trump's tariffs are an attack on the trade system.

Politics

4 d. ago China, EU agree to restart talks on minimum price on Chinese EVs

Now facing 54% tariffs on exports to the US, the world's No. 2 economy China vowed countermeasures

Politics

4 d. ago Tshwane Mayor warns residents to brace themselves for tariff hikes

The City of Tshwane is struggling to increase its revenue collection.

Events

5 d. ago US judge blocks Trump cuts to legal aid for migrant children

That law requires the government to ensure all unaccompanied children receive legal counsel.

Events

5 d. ago Response to Trump’s tariffs will happen at appropriate moment: EU

The EU says they will respond to Donald Trump's tariffs at appropriate moment.

Politics