Trump, South Africa and reciprocal tariff
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South Africa's commodity-backed currency and stocks weakened on Wednesday, with investor focus on precious metal prices that have been on the back foot after U.S. President Donald Trump's latest tariff threats.
SA carmakers in hot water: Since January, thousands of vehicles have been recalled by car manufacturers due to safety concerns, prompting scrutiny of South Africa’s consumer protection standards. The National Consumer Commission (NCC) has received numerous reports from major carmakers like Toyota, Volkswagen (VW), and Volvo. [ Business Day]
The South African Reserve Bank could lower its inflation target as soon as its policy meeting at the end of this month, according to Citigroup Inc.
U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in South Africa next week, sources familiar with his plans told Reuters, but will attend the World Expo 2025 in Osaka,
Police Minister Senzo Mchunu has been accused of having ties to criminal gangs and of meddling in police investigations into politically motivated murders. These explosive allegations were made by KwaZulu-Natal police boss Nhlanhla Mkhwanazi at a press briefing on Sunday.
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Temu is expanding deeper into South Africa with the launch of a new local warehouse that will make deliveries faster for local shoppers.
South Africa's Competition Commission has dropped its opposition to Vodacom's plan to buy a 30% stake in fibre group Maziv after agreeing revised terms with the parties.
A data analysis by The New York Times shows that a form of torture popular during apartheid endures in the country despite laws designed to eliminate it.
In the province of KwaZulu-Natal, there are Mazizini and Mabasa forests, regarded as sacred by local communities. In the Free State province, the local Basotho people regard certain caves as sacred and ancestral sites:
Wiaan Mulder has suitably taken the last catch for South Africa to hand Zimbabwe its heaviest innings defeat in 20 years and clean sweep their two-test series in Bulawayo.
The South African rand was steady on Tuesday, buoyed by hopes the country could still salvage a less damaging trade deal with the United States after President Donald Trump extended a tariff deadline to August 1.