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You are here: Home / Archives for News

News

1 August 2023

PNA and Breadline Africa kick off FUNKY SOCKS DAY 2023

Location: Entertainment, MyPR

Johannesburg, 1 August 2023 – South Africa’s leading stationery and art materials retailer PNA is excited to announce the launch of the 2023 FUNKY SOCKS DAY campaign, in collaboration with non-profit organisation (NPO) Breadline Africa in a combined bid to make a positive impact on early child development and improve schools in vulnerable communities across …

Read morePNA and Breadline Africa kick off FUNKY SOCKS DAY 2023
1 August 2023

JACARANDA FM and ACCESS BANK SOUTH AFRICA present Womenpreneur – Her Perfect Pitch 2023

Location: Entertainment, MyPR

Two big brands, Jacaranda FM and Access Bank South Africa join hands to elevate businesswomen in South Africa by helping her refine HerPerfectPitch and win over R1 million in business assistance this Women’s month. August 2023, Johannesburg: Jacaranda FM and Access Bank South Africa are calling on all female entrepreneurs who have been in business for …

Read moreJACARANDA FM and ACCESS BANK SOUTH AFRICA present Womenpreneur – Her Perfect Pitch 2023
1 August 2023

Ramaphosa Welcomes 10 Year Review of the National Development Position

Location: News

The Presidency: Republic of South Africa
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President Cyril Ramaphosa has welcomed the review report of the National Development Plan (NDP) presented by the National Planning Commission (NPC) on Tuesday, 1 August 2023 at the Union Buildings.

The NPC briefed the President about their findings having reviewed the country's progress against the objectives and targets of the National Development Plan: Vision 2030 (NDP) in the past decade. The NDP, which was drafted by the first Commission in the 2010-2012 period and adopted by all parties represented in Parliament in 2012, is the long-term plan for national development. It provides guidance for all Government policy formulation and implementation. 

In this regard, Government uses the Medium-Term Strategic Framework in order to implement the NDP in a structured manner, across Government departments and spheres. It is also used to mobilise all South Africans to take ownership of the country's long-term plan, its objectives, and targets.

One of the main findings made in the Ten-Year Review of the NPC was that the economy was not only failing to grow at the rate required for the objectives of NDP to materialise, but the economy was also not structured to serve the interests of all South Africans, resulting in poverty and inequality remaining extremely high and persistent. 

The report further stated that the economic, social, and spatial legacies of apartheid, inappropriate economic policies that prevent redistribution, and the hollowing out of state capacity during the state capture years continue to undermine both South Africa's competitiveness and the potential of its people. 

The review recommended that planning be institutionalised and made a cross-cutting imperative across the state and Government sector to enable the country to make the necessary progress towards the attainment of the NDP goals and targets.

“We need to embark on a course of action to get the country back on the developmental path envisaged by the Plan and place more focus on resolving key issues related to the provision of energy, addressing infrastructure backlogs including transport and freight, building state capacity, and addressing the apartheid spatial legacies,” said Prof Tinyiko Maluleke, Deputy Chairperson of the Commission. 

“Despite the challenges experienced, the objectives of eliminating poverty, and reducing unemployment and inequality, which are the overarching goals of the NDP, should and must remain the country's priority if it is to uplift the conditions of its people,” said Hon. Maropene Ramokgopa, Minister in The Presidency responsible for Planning, Monitoring, and Evaluation and Chairperson of the Commission.

“The 10 Year Review of the NDP will assist us in identifying the systemic issues that limit the effectiveness of the state and its social partners in making greater progress. We need to be able to plan better, to integrate and coordinate the work of different departments and institutions, and to ensure that we are using our limited resources most effectively.

It is important that the State has the capacity to meet its developmental responsibilities, that it is appropriately structured that has the right people in the right places with the appropriate skills and ethos” said President Ramaphosa.

President Ramaphosa committed his administration's support to the commission and to ensure that the proposals presented are incorporated into Government across all departments and spheres. 

The President further underscored the importance of strong leadership and partnership with, labour, civil society, communities and business in effecting the envisaged change. 

The NPC is an independent planning body, comprising a diverse group of experts in various fields, appointed by the President to advise Government on the country's long-term development as contained in the National Development Plan. 

Distributed by APO Group on behalf of The Presidency: Republic of South Africa.

Read moreRamaphosa Welcomes 10 Year Review of the National Development Position
1 August 2023

Avocals Upcoming EP

Location: Entertainment, MyPR

Singer-Songwriter Avocals Releases Debut EP, “Ezababini” JEFFREYS BAY: Singer-songwriter Avocals about to release his debut EP, “Ezababini.” The EP is a collection of three original songs that showcase Avocals unique blend of afro soul , afro pop, and gwijosoul. “I’m so excited to share my debut EP with the world,” said Avocals . “These songs …

Read moreAvocals Upcoming EP
1 August 2023

dtic hosts business editors ahead of BRICS

Location: News

dtic hosts business editors ahead of BRICS

South Africa intends to bring the African agenda to the fore at the upcoming 15th BRICS Summit, which will take place in Johannesburg from 22 – 24 August.

The Deputy Director-General of Exports at the Department of Trade, Industry and Competition (dtic), Lerato Mataboge, said at the BRICS [Brazil, Russia, India, China and South Africa] Business Editors’ Breakfast, which was held in Johannesburg on Monday, that the summit is an opportune platform to have a robust conversation on “issues of diversifying exports towards value added trade, increasing productive capacities, increasing entrepreneurial opportunities and the skills dividend”.

All these are areas that bear relevance to the theme of the highly-anticipated summit, which is ‘BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism’.

Mataboge said in addition to infrastructure and industrial development and market integration, attention must be given to accelerating growth and accruing value on the African continent; increasing investment flows to Africa, technology transfer, employment opportunities, and improved incomes and economic inclusion and transformation.

South Africa, as the current chair of BRICS, will be chairing the summit soon after its fruitful participation in the 2nd Russia-Africa Summit, which was held in St. Petersburg last week. The summit came after South Africa successfully held a Friends of BRICS National Security Advisors' Meeting and the BRICS Urbanisation Forum in Durban last week.

The business editors’ session formed part of activities in the road leading to the 15th BRICS Summit. The session was a high-level engagement with the editorial heads of agenda-setting media titles, with the objective of outlining the trade and investment posture of the BRICS Business Council, programme of work of the economic work stream of BRICS in South Africa, as well as the tangible economic opportunities that emerge for South Africa and the African continent.

AfCFTA

In outlining South Africa’s stance on driving the continent’s agenda at the BRICS Summit, Mataboge outlined the benefits of the African Continental Free Trade Area (AfCFTA), saying it creates a legal framework that aims to remove barriers and unlock opportunities for trade and investment for local and global businesses, especially in the creation of regional value chains in Africa.

Notably, she said women and youth-owned businesses are poised to benefit from the AfCFTA, with the necessary financial and non-financial support.

“The AfCFTA creates a single market projected to grow to 1.7 billion people and $6.7 trillion in consumer and business spending by 2030. By 2050, the population would have grown to 2.5 billion people, with combined business and consumer spending reaching $16.12 trillion,” Mataboge said.

Highlighting the AfCFTA’s industrialisation opportunities, Mataboge said the AfCFTA Private Sector Engagement Strategy is set to capture value into the continent. She pointed out four sectors including automotive, agriculture and agro-processing, pharmaceuticals and transport and logistics as having high potential for investment, with “potential to meet African demand through local production and potential value as exports to the rest of the world”.

Mataboge said together, these four sectors represent R2.6 billion in goods and services’ imports per annum. 

South Africa became a member of BRICS in 2010 and attended its first Summit in 2011. BRICS was established as a forum of like-minded, progressive emerging market and developing countries committed to the need to restructure the global political, economic and financial architecture to be more equitable, balanced and resting on the important pillars of multilateralism and international law. 

Over time, BRICS extended its cooperation to three pillars: political and security, economic and financial, and social/people-to-people.

At the initiative of South Africa, BRICS also expanded its reach beyond the BRICS members through the BRICS Outreach and BRICS Plus initiatives. – SAnews.gov.za

Edwin
Mon, 07/31/2023 - 14:49

Read moredtic hosts business editors ahead of BRICS
1 August 2023

Joekels celebrates its circle of powerful women this Women’s Day

Location: MyPR

In the build-up to Women’s Day on 9 August, Joekels Tea, manufacturers of some of South Africa’s most beloved tea brands, is celebrating the many women who are making a positive contribution and inspiring others in South Africa. These women have partnered with Joekels brands – Tetley, Laager, Tea4Kidz, and more – for several years, …

Read moreJoekels celebrates its circle of powerful women this Women’s Day
1 August 2023

Rhino Poaching Decreases

Location: News

Republic Of South Africa: Department of Forestry, Fisheries and the Environment
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In the first six months of 2023, 231 rhinos were killed in South Africa. These figures represent an eleven percent decrease (or a decline of 28 animals killed for their horn) compared to the same period last year. Between 1 January and 30 June 2023, poaching trends also continued to show a move away from the Kruger National Park to provincial and private reserves.

Forty two rhino were poached in the Kruger National Park and 143 in KwaZulu-Natal Province from January to June 2023.  Forty six of the rhino killed were in privately-owned nature reserves and 143 in provincially owned reserves.

Because the demand for rhino horn remains a constant threat to rhino populations collaboration between the law enforcement agencies, including the SAPS, DPCI and the Green Scorpions, Customs officials, the Financial Intelligence Centre (FIC) and the National Prosecuting Authority, remain key. These efforts are supported by private security.

An important development in strengthening the collaboration between these role players in order to effectively address the organised nature of rhino poaching and wildlife trafficking, is Cabinet's recent approval in May this year of the National Integrated Strategy to Combat Wildlife Trafficking (NISCWT).  

“This strategy aims to break the illicit value chain of wildlife trafficking in South Africa and beyond its borders. It represents a commitment by government to direct law enforcement ability and effort and mobilize society support to address the threat wildlife tracking poses to national security and the country's rich biodiversity. Although currently our main focus is rhino, the Strategy also aims to address the illegal trade in, and poaching of, other species that are threatened by trafficking syndicates, like abalone” said Forestry, Fisheries and the Environment Minister, Ms Barbara Creecy.

In the first six months of this year our hard work with both the SAPS and the NPA has led to the conviction of 31 offenders. The majority of sentences were custodial. In Skukuza one suspect found guilty of killing 3 rhino and possession of unlawful arms and ammunition was sentenced to an effective 32 years imprisonment.

In another matter, 3 accused, found driving in Kruger National Park, with 5 rhino horns hidden in the vehicle, a hunting rifle with a silencer, ammunition and knives, were convicted for the killing of 3 rhinos in the park, possession of unlawful firearms and ammunition, possession of dangerous weapons and trespassing. Accused 1 and 2 were sentenced to 34 years imprisonment, whilst accused 3 was sentenced to 39 years imprisonment.

In Limpopo, an accused individual was sentenced on a charge of murder, killing of 2 rhinos, unlicenced firearm and ammunition to an effective sentence of 24 years imprisonment.

In the Eastern Cape, 6 accused were convicted on charges of conspiracy to commit rhino poaching (notably no rhinos were killed) and the possession of unlicenced firearm and ammunition and effectively sentenced to imprisonment ranging from 16 to 20 years.

Yesterday was World Ranger Day and so it is important today that we honour the bravery and dedication of the men and women who run our ranger services and who are on the front line of the battle against wildlife poaching.

The role of rangers in supporting the prosecution and sentencing of those arrested for wildlife crimes committed in the Kruger cannot be underestimated. There is strong collaboration between the SAPS forensic teams and SANParks ECI when attending crime scenes to ensure the collection of vital evidence to link suspects to the crime scenes. It is also done to ensure minimum contamination of the crime scene. 

During the meeting held earlier this year with the Director of Public Prosecutions (DPP)'s Environmental Working Group we discussed the challenge relating to the opposing of bail due to the fact that rhino poaching is not listed as a Scheduled Offence. Research is being conducted to propose, if viable, legislative amendments to address this challenge.

Unfortunately, rhino poachers have continued to target the Hluhluwe/iMfolozi game reserve in KwaZulu-Natal where Ezemvelo KZN Wildlife, supported by the Department and iSimangaliso Wetland Park, continues to implement a number of measures to combat rhino poaching.

Among these has been the establishment of a Tactical Operations Joint Control Centre, which now facilitates the SAPS deployments to Hluhluwe/iMfolozi Park (HiP). The Department made available R40 million for the repair and replacement of the boundary fence around the Hluhluwe/iMfolozi game reserve which is regularly breached and through which wild animals can escape to nearby communities.

The National Prosecuting Authority has also designated a prosecutor to facilitate rhino cases in KZN and cases have been prioritised and identified to be expedited through the court processes.

In response to a range of studies that point out collusion between our ranger services and criminal syndicates, the Kruger National Park has developed a holistic Ranger Services – Integrity Management Plan.

This plan aims to improve ranger morale and resilience to corruption by providing services that enhance ranger health and well-being, provide training and counselling, offer a range of financial management services and debt management. The Ranger Service has also enlisted the Association of Savings and Investment South Africa (ASISA) Foundation to provide specialised Financial Literacy Training for all field rangers. This was attended by 334 employees.

SANParks has also established an Integrity Testing System (a Polygraph policy) for new recruits and to support anti-corruption investigations.

To ensure safe passage of tourists en route to the park, SANParks has joined a task team championed by the Deputy Minister of Tourism, Fish Mahlalela, in collaboration with the traditional leaders of adjoining communities, the SAPS and Private Security companies to ensure constant patrols along the identified hotspots en route to the Kruger National Park.

South Africa's national parks are situated in areas of extreme poverty and are surrounded by many vulnerable communities. In order to ensure that communities on the outskirts of parks benefit from tourism and thus help to keep tourists safe, SANParks has held a number of stakeholder engagements with entrepreneurs in the past four years with regard to the provision of goods and services to our national parks. In addition, through Working for Water, Ecosystems and Wetlands programmes, we have created 33 222 Work opportunities for communities living on the outskirts of our national parks.

** Members of the public can report any suspicious activities around wildlife to its environmental crime hotline which is 0800 205 005 or the SAPS number 10111

Distributed by APO Group on behalf of Republic Of South Africa: Department of Forestry, Fisheries and the Environment.

Read moreRhino Poaching Decreases
1 August 2023

Nurturing workplace agility in the digital era

Location: MyPR

Nurturing workplace agility in the digital era In wake of learnings over the past three years post-March 2020 and in today’s rapidly evolving business environment, companies should be embracing agility to thrive. This is especially prevalent with the increased focus on technological advancements, such as Artificial Intelligence (AI) and digital transformation. “Workplace agility refers to …

Read moreNurturing workplace agility in the digital era
1 August 2023

Paarl Boys’ High vs Paarl Gimnasium

Location: Sport

It is time for the big Paarl rugby rivalry again when Paarl Gimnasium (Gim) and Paarl Boys’ High (PBHS) take each other on at Faure street on Saturday, August 5. The Galpille against the Bloedworse, South vs North. This is the time of year when the town of Paarl is divided into the two camps …

Read morePaarl Boys’ High vs Paarl Gimnasium
1 August 2023

Unions bring Makhado municipality to a standstill over “political interference”

Location: News

Unions claim that Limpopo politicians are interfering in the recruitment of the chief financial officer

Read moreUnions bring Makhado municipality to a standstill over “political interference”
1 August 2023

Japan-South Africa Foreign Ministers’ Meeting

Location: News

Ministry of Foreign Affairs of Japan
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On August 1, from 12:45 a.m. local time (7:45 p.m. JST) for approximately 150 minutes, Mr. HAYASHI Yoshimasa, Minister for Foreign Affairs of Japan, during his visit to South Africa, held a foreign ministers' meeting and a working lunch with Honourable Dr. Naledi PANDOR, Minister of International Relations and Cooperation of the Republic of South Africa. The overview is as follows.

1. Bilateral Relations

  1. At the outset, Minister Pandor welcomed the Japanese Foreign Minister's first visit to South Africa in two and a half years and expressed strong expectations for further entry of Japanese companies into South Africa. Minister Pandor also stated that she would like to further develop bilateral relations in a variety of fields including trade and investment.
  2. In response, Minister Hayashi stated that as the G7 Presidency, he prioritizes listening directly to the "voices" of Africa and that his visit to Africa is against this backdrop. Minister Hayashi stated that Japan continues to attach importance to green growth, sustainable mining businesses, and manufacturing industry development in the bilateral cooperation in the fields of trade, investment, and energy. Minister Hayashi also introduced the advancements of science, technology, academic cooperation and Japan's contributions in human resources development.
  3. The two ministers affirmed that they would cooperate to improve the business environment in South Africa to protect local industries, employment, and investments by Japanese companies.

2. Cooperation in the International Arena and Regional Affairs

  1. Minister Pandor explained about the African leaders' mission for peace in Ukraine. Minister Hayashi stated that he appreciates South Africa's efforts, and that it is important to achieve a just and lasting peace in Ukraine as soon as possible. The two ministers affirmed that they would cooperate to maintain the international order.
  2. Minister Pandor explained the outcomes of the Russian-Africa summit held in Russia on July 27 and 28 where she accompanied President Ramaphosa who participated in the summit. Minister Hayashi stated that Japan deplores that the Black Sea Grain Initiative (BSGI) was terminated by Russia's refusal, and has a hope to work together towards the resumption of the initiative. The two ministers affirmed the need for both countries to cooperate to ensure food security in Africa.
  3. In addition, the two ministers exchanged views on such issues as the situation in Africa, including the conflict in Sudan, the situation in Niger, the status of implementation of the peace agreement in Ethiopia and the situation in Mozambique, and regional situation in East Asia, including responses to North Korea on the nuclear and missile issues as well as the abductions issue. They also discussed on the various issues in the international community such as cooperation in the G20, the uncertain and unfair development finance and strengthening of the functions of the United Nations including Security Council reform. The two ministers affirmed that they would continue to work closely together.

Distributed by APO Group on behalf of Ministry of Foreign Affairs of Japan.

Read moreJapan-South Africa Foreign Ministers’ Meeting
1 August 2023

Oudtshoorn Youth Cycling Festival

Location: Sport

The Youth Cycling Festival in Oudtshoorn took place from 11 to 13 July 2023 and is open to all under-13 and under-19 cyclists in South Africa. This year over 2 000 cyclists competed in various cycling disciplines such as criterium races, road races, team time trials, mountain bike cross-country and mountain bike oval track events. …

Read moreOudtshoorn Youth Cycling Festival
1 August 2023

82.5% Of Landfill Sites Fail Waste Act

Location: News

Dear Editor The DA welcomes the insightful and comprehensive annual report by AfriForum on the terrible condition of landfill sites across South Africa. The maintenance and development of these landfill sites falls under the jurisdiction of the Department of Forestry, Fisheries and the Environment and ANC Minister Barbara Creecy. Many landfill sites across South Africa …

Read more82.5% Of Landfill Sites Fail Waste Act
1 August 2023

Hasty Decision Could Cost Correctional Services Millions

Location: News

Dear Editor The Department of Correctional Services could lose millions of rands after Minister Ronald Lamola went ahead and terminated its contract with Bloemfontein Correctional Contracts Proprietary Limited (BCC), the contractor managing the Mangaung prison where Thabo Bester escaped. It appears Lamola ignored the mediation clause in the contract. In a recent Order of the …

Read moreHasty Decision Could Cost Correctional Services Millions
1 August 2023

Hlophe Plays Delay Game

Location: News

Dear Editor More than 15 years after the 2008 misconduct complaint against Judge President John Hlophe was lodged, he appears to be finding creative new ways to delay the proceedings. It has now emerged that suspended Judge President Hlophe’s appeal against the gross misconduct findings made against him has lapsed, as he states he is …

Read moreHlophe Plays Delay Game
1 August 2023

Mbonambi to Captain Boks and Steenekamp on debut

Location: Sport

Springbok hooker Bongi Mbonambi will captain the national team for first time on Saturday when he leads a new-look combination against Argentina in Buenos Aires in the first of three Rugby World Cup warm-up games. The team shows 13 changes to the starting line-up, while the 23 includes talented prop Gerhard Steenekamp, who could make …

Read moreMbonambi to Captain Boks and Steenekamp on debut
1 August 2023

New Vehicles Sales Steady

Location: Business

New vehicle sales held their own during July, showing marginal growth year-on-year, to record 43,389 units. According to figures released by naamsa | the Automotive Business Council, this represents growth of 1.3% compared to July last year. “It isn’t surprising that the market appeared more subdued during July than the 14% growth experienced during June,” …

Read moreNew Vehicles Sales Steady
1 August 2023

11 Elite Coaching Students Graduate

Location: Sport

A programme to broaden and deepen the reserve of top black coaches in the country bore fruit on Monday with the graduation of 11 ‘students’ from an Elite Coaching Programme run by SA Rugby. The graduates completed an intensive 18-month programme of learning, mentoring, practical sessions and testing. Seven of the original 18 entrants fell …

Read more11 Elite Coaching Students Graduate
1 August 2023

NHI: Thousands Of Medical Professionals Already Seeking Opportunities Abroad

Location: News

Dear Editor The National Health Insurance (NHI) Bill has not even passed through all the Parliamentary processes yet, and already health professionals are seeking opportunities abroad. According to media reports, there have been around 17 000 emigration enquiries since January this year, particularly from doctors and nurses seeking to make the most of Canada’s Express …

Read moreNHI: Thousands Of Medical Professionals Already Seeking Opportunities Abroad
1 August 2023

Petrol, diesel prices to increase from Wednesday

Location: News

Petrol, diesel prices to increase from Wednesday

The Department of Mineral Resources and Energy (DMRE) has announced that the price of all grades of petrol and diesel will increase from Wednesday this week.

The price of illuminating paraffin is also expected to rise with the only decrease to be implemented on the price of LP gas.

Adjustments to the prices will be as follows:

  • Petrol (both 93 and 95 Octane): 37c increase.
  • Diesel (0.05% sulphur): 72c increase.
  • Diesel (0.005% sulphur): 71c increase.
  • Wholesale illuminating paraffin: 71c increase.
  • Single Maximum National Retail Price for illuminating paraffin: 95c increase.
  • Maximum Retail Price of LPGas: R1.61 decrease.

The department explained the reasons for the price adjustments.

“The average Brent Crude oil price increased from $75.10 US Dollars [USD] to $79.75 USD during the period under review. The average international product prices of petrol, diesel and Illuminating paraffin followed the increasing trend of crude oil prices during the period under review. These led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 63.59 c/l, 99.09. c/l and 98.71c/l, respectively. However, LP Gas decreased due to lower prices of Propane and Butane.

“The Rand appreciated on average, against the US Dollar [from R18.68 to R18.26 per USD] during the period under review when compared to the previous one. This led to lower contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 27.64 c/l, 27.36 c/l and 27.10 c/l, respectively.

“The cumulative slate balance on petrol and Diesel as at the end of June 2023 had a positive balance of is R2.69 million. Therefore, there is no slate levy applicable in the petrol and diesel price structure for August 2023,” the DMRE said. - SAnews.gov.za

NeoB
Tue, 08/01/2023 - 08:52

Read morePetrol, diesel prices to increase from Wednesday
1 August 2023

Dr. Fezile Ngqobe Appointed Acting Head of Department (HOD) for North West Social Development

Location: News

North West Office of the Premier, Republic of South Africa
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In line with Section 12 of the Public Service Act as amended, North West Acting Premier Nono Maloyi and MEC for Social Development Lazarus Mokgosi and Social Development Head of Department Relebohile Mafokane have reached a mutual agreement for the latter's temporary transfer to the Office of the Premier. 

This is a lateral transfer which is aimed at stabilising the Department of Social Development. Mr Mofokane's terms and conditions of  employment remain the same and his transfer does not mean any wrongdoing on his part. The transfer is with effect from 02 August 2023.

Acting Premier Maloyi and MEC Mokgosi have subsequently appointed Dr Fezile Ngqobe to act as Head of the Department of Social Development until the post is filled.

MEC Mokgosi would like to thank HoD Mafokane for his understanding and cooperation in reaching this decision. 

Distributed by APO Group on behalf of North West Office of the Premier, Republic of South Africa.

Read moreDr. Fezile Ngqobe Appointed Acting Head of Department (HOD) for North West Social Development
1 August 2023

SA records preliminary trade balance deficit of R3.5bn

Location: News

SA records preliminary trade balance deficit of R3.5bn

The South African Revenue Service (SARS) says South Africa recorded a preliminary trade balance deficit of R3.5 billion in June 2023.

According to SARS, the deficit is attributable to exports of R167.6 billion and imports of R171.1 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).

“The year-to-date (1 January to 30 June 2023) preliminary trade balance surplus of R5.6 billion is a deterioration from the R129.6 billion trade balance surplus for the comparable period in 2022,” SARS said in a statement.

Year-on-year export flows for June 2023 were R167.6 billion, which were 8.3% lower compared to R182.9 billion for June 2022, whilst import flows were 6.5% higher, having increased from R160.7 billion in June 2022 to R171.1 billion in the current period.

“On a month-to-month basis, exports decreased by R15.8 billion (8.6%) from R183.4 billion to R167.6 billion between May and June 2023, whereas imports decreased by R2.7 billion (1.6%) from R173.9 billion to R171.1 billion over the same period.

“Export flows decreased in June, driven by iron ores and concentrates, vehicles for goods and vehicles for passengers.

“The value of imports decreased on the back of a decrease in importation of crude oils, telephone sets and unused postage stamps,” SARS said.

Due to ongoing vouchers of correction (VOC), the preliminary trade balance surplus of R10.2 billion announced for May 2023 was revised downwards by R600 million, with the final number at R9.6 billion.

Trade data, excluding BELN for June 2023, recorded a preliminary trade balance deficit of R14.7 billion, with export flows at R151.6 billion and import flows at R166.3 billion.

The preliminary cumulative trade balance deficit for 2023 was R54.4 billion compared to R72.6 billion trade balance surplus during 2022.

Between May and June 2023, exports decreased by R15.7 billion (9.4%), whilst imports decreased by R2.4 billion (1.4%) over the same period. – SAnews.gov.za

Edwin
Tue, 08/01/2023 - 09:22

Read moreSA records preliminary trade balance deficit of R3.5bn
1 August 2023

It’s Xaba vs Khatala at the inaugural Absa DASH YOUR CITY TSHWANE 10K

Location: MyPR

The inaugural Absa RUN YOUR CITY TSHWANE 10K will get off to an explosive start as South Africa’s 10km Queen, Glenrose Xaba and Lesotho’s three-time National Record Holder, Neheng Khatala confirm their entries for Sunday 27 August 2023! Xaba and Khatala have met three times at the Absa RUN YOUR CITY Series in 2023 and …

Read moreIt’s Xaba vs Khatala at the inaugural Absa DASH YOUR CITY TSHWANE 10K
1 August 2023

FNB Inaugural Pop Opera Concert hosted by Minnie Dlamini : Uniting KZN in a Musical Celebration of Change and Resilience

Location: Entertainment, MyPR

Johannesburg, 31 July 2023, FNB proudly announces its inaugural Pop Opera Concert in line with its longstanding commitment to supporting the creative economy. The concert will take place at People’s Park Moses Mabhida Stadium in Durban on the 20th of August 2023. This musical extravaganza unites the KwaZulu-Natal (KZN) philharmonic orchestra with a stellar line-up …

Read moreFNB Inaugural Pop Opera Concert hosted by Minnie Dlamini : Uniting KZN in a Musical Celebration of Change and Resilience
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