South Africa’s biggest private security company prepares for national shutdown
Fidelity Services, South Africa’s largest private security provider, is preparing for potential social unrest surrounding the anti-immigration protest scheduled for 30 June. The company said in a statement that it is activating contingency measures and is closely monitoring developments across the country. Sam BusaURL
South Africa on high alert for national shutdown next week
South Africa will deploy more police this week to deter possible violence before a June 30 deadline set by protest groups for foreigners to leave the country. “There has been mobilisation around this issue over a period of time, and we expect it to continue after June 30, so we have plans in place,” Firoz […]
SARS is making it harder for South Africans to end their tax residency – even if they’ve already left the country
It is becoming harder for South Africans abroad to stop being South African taxpayers, as SARS increases scrutiny of tax emigration applications and demands stronger proof that taxpayers genuinely qualify as non-residents. Tax Consulting South Africa’s legal manager of cross-border taxation, Delano Abdoll, explained that the South African Revenue Service (SARS) is becoming increasingly sophisticated […]
Tables turn on South African households
South African households are set to experience some financial pain in the coming months as the Reserve Bank fights to get inflation back to its 3% target. This marks a stark difference from the easing pressure on households at the end of 2025, which was largely expected to continue throughout 2026. Sam BusaURL
‘They came with machetes’ – deadline looms for migrants to leave South Africa
South Africa has become a hostile place for undocumented migrants, as a deadline set by protesters for them to leave the country approaches. “I am very scared and traumatised,” Esnat Joseph, a 36-year-old Malawian woman, told the BBC as she tried to comfort her crying one-year-old triplets. Sam BusaURL
We can’t create jobs in South Africa – Minister in the Presidency
Minister in the Presidency Khumbudzo Ntshavheni has admitted that the South African government cannot create employment. Instead, the government can only create opportunities for economic development and growth, which lead to job creation by companies. Sam BusaURL
People under the age of 35 are being targeted in South Africa
South Africas youth are increasingly denied formal lines of credit amid heightened unemployment, leading to many resorting to illegal lenders. Statistics South Africas latest figures for the first quarter reveal that youth unemployment exceeds 40%, highlighting that young people are disproportionately affected by rising unemployment. Sam BusaURL
South Africans who have left the country are being hit with a nasty SARS surprise
South Africans who have ceased their tax residency are being hit with unexpected tax bills as the South African Revenue Service (SARS) revisits past assessments to apply complex split-year tax rules that many expats never knew about. Sam BusaURL
It is becoming impossible to do business in South Africa
Running a business in South Africa is becoming increasingly difficult as companies contend with a sluggish economy, mounting regulatory requirements, skills shortages, and the failures of state institutions. This is according to Efficient Group chief economist Dawie Roodt, who told Daily Investor that the challenges facing businesses have become so entrenched that they now pose […]
The rand can strengthen to below R16 to the US dollar in 2026
Investec chief economist Annabel Bishop sees the rand averaging R15.90 to the United States dollar in the fourth quarter of 2026, as the currency has held up well against shocks from the Middle East war. In her base-case scenario for 2026, Bishop expects the rand to average above R16/USD in the second and third quarters […]