October 2024

IMF Optimism Sparks Hope For South Africa’s Fiscal Recovery

28 October 2024 – The International Monetary Fund (IMF) has indicated optimism that South Africa’s public finances will recover and that the National Treasury will manage to tame public debt on the back of fiscal consolidation. Finance Minister Enoch Godongwana will on Wednesday present the 2024 Medium Term Budget Policy Statement (MTBPS), offering an updated […]

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Reducing Risk in International Trade: The Letter of Credit (LC)

24 October 2024 – International trade often involves transactions between parties located in different countries, introducing unique risks for both exporters and importers. Exporters face the risk of non-payment, where buyers fail to fulfil their financial obligations after receiving the goods. Conversely, importers worry about non-delivery, where suppliers do not deliver the agreed-upon products or services despite

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SA Focuses On Enhancing Agricultural Exports At BRICS Meetings in Russia

23 October 2024 – As South Africa prepares for the upcoming BRICS Business Council meetings in Russia, all eyes are on its agricultural exports drive, a theme that promises to gain momentum at the political leaders’ BRICS Summit in Kazan. The Agricultural Business Chamber of SA (Agbiz) yesterday indicated that the core message for the

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Africa’s Economic Progress Offers Hope In A World Facing Rising Insolvencies

21 October 2024 – South Africa has made substantial progress in strengthening its economic environment, driven by improvements in electricity supply, business-friendly reforms, and rising investor confidence. Eskom, the country’s public electricity provider, has increased energy supply by 14% over the last four months compared to the previous year, addressing a critical challenge in the

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CGA Says There Is No ‘Greening’ Disease Threat For South African Citrus

10 October 2024 – The Citrus Growers’ Association of Southern Africa (CGA) has dispelled media reports claiming the citrus industry and European trade are being threatened by a new greening disease. The disease referred to by media reports, African Citrus Greening (ACG), is under official control in South Africa through the prevention of movement of

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