- South Africa’s rand remained stable despite U.S. President Trump’s criticism of President Ramaphosa.
- Finance Minister Godongwana presented the 2025 budget without a VAT increase.
- Ramaphosa met with Trump to discuss strained relations and critical minerals.
- The rand traded at R17.93 to the dollar, R24.12 to the pound, and R20.29 to the euro.
- VAT increase may occur next year if government spending efficiency does not improve.
- South African banks are integrating smart ID and passport services into their apps.
- Transnet received R51 billion in government guarantees for debt refinancing and operations.
- South Africa’s poultry industry can handle the suspension of imports from Brazil.
- Rand Water announced reduced water supply in Gauteng due to maintenance.
Source: businesstech.co.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
