https://www.bizcommunity.com/196/861.html South Africa news 15 Economy news - South Africa https://www.bizcommunity.com/res/img/logo.gif https://www.bizcommunity.com/196/861.html en-us Wed, 10 Jun 2026 21:27:55 +0200 https://www.bizcommunity.com/article/south-africa-economy-shows-modest-q1-growth-iran-war-impact-yet-to-show-734512a South Africa's economy expanded more than expected in the first quarter of 2026, with output growing in nearly all sectors, though the statistics agency said the impact of the Iran war was likely to show up in the next release. 1-268902 Wed, 10 Jun 2026 09:14:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/could-the-industrial-driven-decline-in-electricity-consumption-spell-trouble-for-eskom-845073a The drop in electricity production and consumption in South Africa could put a spanner in the works for Eskom's income generation, according to Minerals Council South Africa (MCSA) economist André Lourens, who discussed the country’s electricity update for April and May 2026. 1-268879 Tue, 09 Jun 2026 10:58:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/mr-price-shares-jump-after-annual-earnings-climb-734952a Shares in South African fashion retailer Mr Price jumped almost 15% on Friday, 5 June 2025, as a steady dividend and easing concerns over its NKD acquisition buoyed sentiment, even as annual earnings rose only a modest 2.4%. 1-268842 Mon, 08 Jun 2026 11:29:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/bmw-it-hub-to-inject-r4bn-into-sa-economy-401649a South African tech talent at BMW Group’s IT Hub in Pretoria is expected to contribute more than R4bn to the local economy in 2026, as the facility marks 20 years of operations and reinforces its role as the company’s largest technology hub outside Germany. 1-268815 Fri, 05 Jun 2026 13:57:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/equinix-faces-challenge-to-cape-town-data-centres-over-environmental-concerns-289357a A plan by US-listed Equinix to build two data centres in Cape Town should not be approved without full disclosure of its water, power and environmental impact, a formal objection lodged with city planners showed. 1-268790 Fri, 05 Jun 2026 09:30:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/debt-turning-point-reached-as-south-africa-maintains-fiscal-discipline-956044a South Africa’s fiscal position has reached a significant turning point, with government debt stabilising relative to GDP for the first time since before the 2008 global financial crisis. 1-268784 Thu, 04 Jun 2026 16:55:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/south-africa-private-sector-contracts-after-four-months-of-growth-pmi-shows-623721a South Africa's private sector contracted in May as output and new orders fell amid higher fuel prices and uncertainty linked to the Iran war, a business survey showed on Wednesday, 3 June 2026. 1-268761 Thu, 04 Jun 2026 10:49:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/fuel-levy-drop-to-cushion-sa-as-petrol-price-reaches-record-high-178296a The petrol price in South Africa may have skyrocketed to a record R28.06 per litre (for inland 95 unleaded) since tensions flared between Israel, the US and Iran. But the government believes its reduction in the general fuel levy will actively cushion South Africans against even steeper hikes and shield the economy from broader inflationary pressures. 1-268748 Thu, 04 Jun 2026 08:24:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/ceos-brace-for-power-price-whiplashyour-2026-play-178236a Energy security is no longer confined to heavy industry or transport; it is now embedded across the global economy. Over the past five years, geopolitical shocks – from the war in Ukraine to renewed Middle East tensions – have exposed the vulnerability of fossil fuel-dependent systems to price volatility and supply disruption. 1-268738 Wed, 03 Jun 2026 20:22:00 +0200 Bizcommunity Economy South Africa https://www.bizcommunity.com/article/ramaphosa-r1tn-build-starts-nowbut-oil-shock-threatens-costs-178256a President Cyril Ramaphosa says government will intensify efforts to grow the economy, create jobs and attract investment despite mounting global uncertainty, while maintaining focus on inclusive growth and reducing poverty. 1-268708 Wed, 03 Jun 2026 13:03:00 +0200 Bizcommunity Economy South Africa