June 2023

30 June 2023 – T he Quarterly Bulletin (QB), published on Thursday, said that: “South Africa’s direct investment liabilities recorded an inflow of only R0.5-billion (or R500-million) in the first quarter of 2023 following a revised inflow of R64-billion in the fourth quarter of 2022.” “Direct investment liabilities” basically refers to foreign direct investment, or […]

29 June 2023 – New European Union (EU) pest control rules will cut South Africa’s orange exports to Europe by 20% this year, threatening thousands of jobs, the Citrus Growers Association (CGA) has said. The new measures imposed by the EU last June require enhanced cold treatment for citrus exports due to concerns over False Codling

28 June 2023 – Businesses in South Africa are struggling amidst a disastrous economy, with the number of liquidations continuing to tick up in 2023. According to Stats SA, 151 businesses were liquidated in May, with 134 volunteering to do so and 17 on a compulsory basis. This takes the total number of liquidations to

27 June 2023 – Brazil is South Africa’s third-largest trading partner within the BRICS (Brazil, Russia, India, China and South Africa) grouping. In 2022, China accounted for 9.4% of South Africa’s exports, while India had 4.5% and Brazil only 0.4%, according to the South African Revenue Service (Sars). China dominated South Africa’s imports with a

26 June 2023 – The subdued trend of the Agbiz/IDC ACI in the second quarter (Q2) of 2023 could be ascribed to, among others, deepened geopolitical tensions, unacceptable draft water regulations, and a lack of municipal service delivery, according to Agbiz chief economist Wandile Sihlobo. “The ACI level in the first two quarters of this

23 June 2023 – Thousands of jobs could be at risk in South Africa if the government of President Cyril Ramaphosa continues on its current path of alienating the United States by refusing to take a stance against Russia’s war in Ukraine. Instead of taking a firm position against Russian aggression and the violation of

22 June 2023 – Director-General of the World Trade Organization (W TO), Ngozi Okonjo-Iweala, has called for the dismantling of financial barriers that impede the participation of small traders in Africa in global trade. Speaking during a recent online workshop, she stressed the importance of financial support for small businesses in Africa and the need

21 June 2023 – INDIA is South Africa’s second largest trading partner within the BRICS (Brazil, Russia, India, China and South Africa) grouping. In 2022, China accounted for 9.4% of South Africa’s exports, while India had less than half that at 4.5%, according to the South African Revenue Service (Sars). China dominated South Africa’s imports

20 June 2023 – Strikes at Chinese factories have surged to a seven-year high and are expected to become more frequent as weak global demand forces exporters to cut workers’ pay and shut down plants, one rights group and economists say. Exports and factory output in the world’s second-largest economy tumbled in May, as looming

19 June 2023 – The number of civil summonses issued for debt increased by 0,3% y/y in the three months ended April 2023. The total number of civil judgements recorded for debt decreased by 1,9% over the same period. The number of civil summonses issued for debt: The total number of civil summonses issued for