• From 1 November Biometric Background Check will replace Police Clearance for Visa Applications

    10 Nov 2017
    Finger Prints to replace Police Clearance

    Introduction and implementation of the automated fingerprint biometric solution which will replace the requirement of the manual South African police clearance certificate
    The Immigration Act, No.13 of 2002 requires amongst other supporting documents a submission of a police clearance certificate when making an application for a long-term temporary residence visa or permanent residence permit.

    As part of the continuous service improvement and efficiency, the Department of Home Affairs will be introducing a Biometric background check service which is linked to the South African Police Service Database. This service which will be provided at a value added cost of ZAR 175.00 (incl. VAT) will replace the requirement to submit manual poli…

  • IMF urges Government to reform Governance, Procurement and to tackle Investment Obstacles

    09 Nov 2017
    Government needs to remove Investment Obstacles

    The International Monetary Fund (IMF) said on Wednesday that SA’s subdued economic growth of just 0.7% for 2017 was not likely to improve much next year. A delegation from the IMF was in South Africa between October 30 to November 8 to discuss recent economic developments. In an ‘end-of-mission’ statement the delegation’s head Ana Lucía Coronel said the IMF thought it unlikely that economic growth would pick up next year.

    “Despite South Africa’s institutional strength and favorable global conditions, increasing domestic political uncertainty and stalled reforms point to a challenging economic outlook,” said Coronel.
    “Some sectors, including agriculture and mining, are certainly generating growth, but other key activities have stag…

  • Brace Yourself: 5% Petrol Price Hike envisaged for December

    08 Nov 2017
    Drastic Petrol Price Hike in December

    South African motorists should brace themselves for a massive fuel price increase in December as an increase in the global oil price – to 2-year highs of US$ 64 / barrel – will compound pressures seen in the South African US dollar exchange rate, and push the price of petrol up by around 60 cents in December.

    The global oil price spiked after the 32-year old crown prince of Saudi Arabia, Mohammed Bin Salman, arrested his political rivals on corruption charges. However, the US$ 64 levels are a bit inflated, Rossouw said, and levels between US$ 55 and US$ 60 are more realistic.

    South Africa has seen successive fuel price increases in the past four months, as the South African economy continued to struggle. According to the Automobile…

  • Temporary Rand Recovery awaiting ANC Electorate Decision

    07 Nov 2017
    Technical Rand Recovery

    It is a very noisy environment at the moment and difficult to make head or tail of it all.

    Emerging Markets’ exposures are being questioned, oil prices are surging, South Africa’s political environment deals more fresh scandals with each passing day and the level of accountability is non-existent. The country’s current fiscal position is in dire straits, the ANC’s election race is entirely uncertain and the December elective conference of the ANC is being billed as a make or break for the country as well as the party. Not that the elective conference on its own changes all that much, but there will be some form of rekindling of hope, albeit temporary, in case of Cyril Ramaphosa taken over the reigns over the country.

    Against this…

  • Petrol Price Increases for November

    29 Oct 2017
    Petrol Price Increase South Africa

    The department of energy has released the latest petrol price adjustments for November 2017, showing a marginal increase for petrol, with a slightly bigger jump for diesel. According to the department, 93 and 95 grades of petrol will be going up by 4 cents per litre, while the wholesale price of 0.05% and 0.005% diesel will be going up by 23 and 27 cents, respectively. The wholesale price of illuminating paraffin will go up by 21 cents, it said.

    The price hikes are due to the international prices of diesel increasing, while the weakness in the rand versus the dollar offset the decrease in international petrol prices. The rand depreciated against the US dollar during the period under review, on average, when compared to the previous pe…

  • Clueless Gigaba presents pointless "Mid Term Budget" and becomes now officially Butcher of Finance

    25 Oct 2017
    Clueless Minister Gigaba waiting for a Wonder!

    What did you expect? A playboy-turned- politician, who already failed at each and every task and in each and every department is now playing Minister of Finance. The result, obviously, zero; or rather sub-zero, as was his performance this afternoon giving the annual Medium Term Budget Speech where Malusi Gigaba exceeded expectations only in one discipline: disappointment!

    One would have laughed if it would not be so sad, but there stood a man without any answers, playing with shocking figures like a 2-year-old plays with radioactive rocks he accidentally found in the sand pit.

    There are no more words for trying to give the dismal state of the South African economy a friendlier paint coat, the economy is at ground zero, and so would…

  • Food Security Leader in Africa

    20 Oct 2017
    South Africa leads Food Security in Africa

    South Africa’s food security ranking has improved three places to 44th out of 113 countries, and the country ranks now first on the African continent.

    This is according to the Global Food Security Index (GFSI) developed by the Economist Intelligence Unit. Food security – the state in which people have access to enough nutritious food to meet their dietary needs for a healthy life – is measured across three pillars. These are affordability, availability and quality and safety. A new category, natural resources and resilience, was introduced this year. It looks specifically at a country’s exposure to climate change, and natural resources risks to food security.

    South Africa is one of a few countries that improved its performance, w…

  • Economic Giant #2 follows Nigeria and also climbs out of Recession

    18 Oct 2017
    SA Economy recovers!

    Africa’s second largest economy, South Africa, this week also managed to climb out of recession, following Nigeria.

    However, both their recovery is seen as fragile. This was highlighted in South Africa this week as the SA Chamber of Commerce and Industry Business Confidence Index fell to its lowest level since 1985. Political uncertainty, high unemployment, poverty and junk status are inhibitors to local growth. Ruben Nizard, an economist at credit insurer Coface, said: “Exposed to internal and external headwinds, Nigeria and South Africa’s economic woes are not over; the recovery is still fragile.” The return to growth in sub-Saharan Africa’s two biggest economies could prove short-lived, he said.

    “Prospects for the South African…

  • Inflation increases to 5.1%

    18 Oct 2017
    Inflation increases to 5.1% in South Africa

    Inflation increased to 5.1% for September 2017, according to data from Statistics South Africa. The consumer price index (CPI), released yesterday, shows that on average prices increased 0.5% between August and September. Inflation increased by 0.3 of a percentage point from the 4.8% annual rate reported in August.

    Contributors to the annual CPI include food and non-alcoholic beverages; the index increased by 5.5% year-on-year (y/y). Housing and utilities increased by 4.9% y/y and transport increased by 5.6% y/y. The index for miscellaneous goods and services increased by 7.6% y/y. The CPI for goods increased by an annual rate of 4.4%, up from 4% in August and the CPI for services increased by 5.8%, up from 5.6% in August.

    In ligh…

  • Zuma announces Cabinet Reshuffle No. 12

    17 Oct 2017
    Cabinet Reshuffle No. 12

    President Jacob Zuma’s 12th Cabinet reshuffle since he came into office in 2009 has left many unanswered questions about the reasons for his new appointments. One such a question is why presidential hopeful Nkosazana Dlamini-Zuma was left out of the new Cabinet after speculation that she would be given a portfolio to bolster her presidential campaign. Political analyst Prof Richard Calland says that while the omission may come as a surprise, it could be for very strategic reasons. "I’ve always wondered about that because while a position as Cabinet minister gives you plenty of resources, it does tie your hands somewhat as you have duties to fulfil. She has to be out on the stump to campaign for the presidency at the moment. I believe mak…