The South African Reserve Bank (SARB) has kept the repo rate at 7.5%Â following the Monetary Policy Committee (MPC) meeting on Thursday. Four MPC members according to the Governor preferred a hold. The other two members favoured a rate cut of 25 basis point. The commercial banks’s prime interest will remain at 11% as a result […]
The Tourism and Film Authority in KwaZulu Natal has made a call to all small tourism enterprises. If you’d like to enhance your tourism product or experience ,an amount of R100 000 worth of support can be obtained from the authority. Successful businesses will be offered business support up to R100 000. Priority will be […]
South African Finance Minister today confirmed the fears of value-added tax (VAT) increase. This was a highly expected address by South Africans and other parties around the world. Minister tabled a VAT increase by half a percentage point during each of the 2025/26 and 2026/27 financial years, bringing total VAT to 16%. This confirmation of […]
The Airports Company of South Africa (ACSA) has approached the Gauteng High Court for leave to appeal a judgement handed down in November last year which stopped it from procuring baggage screening equipment in an open tender process. The court ruled that Aviation Co-ordination Services (Pty) Ltd (ACS), a company formed by airline associations, the […]
The eThekwini Municipality, Durban Tourism Unit, cordially invites businesses in the Tourism and Hospitality sectors to participate in the prestigious Annual Durban Tourism Awards 2025 competition. These esteemed awards acknowledge and celebrate excellence in Durban’s Tourism and Hospitality sectors. Submissions are accepted until 23 February 2025 at: Yith’ Abantu Media is the leading source of […]
The countdown to Meetings Africa (MA) 2025* is officially underway, with media and visitor registrations now open. Exhibitor and buyer registrations launched in November 2024, have already garnered strong interest, reflecting the growing anticipation for this premier event. With demand soaring, exhibitors and buyers are encouraged to confirm their participation as soon as possible to […]
South Africa has an interest in the stability of the region. Some of South Africa’s key exports to the region include refined petroleum, liquid pumps and excavation machinery. The interest of SA is also demonstrated in the extent of investment towards the bilateral trade relations , in this case SA’s both inbound and outbound tourism […]
Inkosi Albert Luthuli Convention Centre (ICC) and uShaka Marine World perform satisfactory in mid-year performance assessment. Council of the eThekwini Municipality received the Mid-Year Performance Assessment Report which reflected the Municipality’s service delivery performance for the first six months of the 2024/2025 financial year. Drawing courage from an unqualified audit opinion obtained from the Auditor-General […]
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Whilst the arrivals of visitor has not reached pre-pandemic levels, a steady growth is being realised. According to Statistics South Africa, compared to Year 2023 South Africa’s visitor arrivals increase by 5.1%. Arrivals reached 8.92 million in 2024. “It is encouraging to see that despite economic uncertainties in various parts of the world, the global […]
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