Introduction In his 2026 State of the Nation Address, President Cyril Ramaphosa announced the National Illicit Economy Disruption Programme, a coordinated effort to combat illicit trade through collaboration between government and the private sector. The programme will utilise data analytics and artificial intelligence (AI) to target high-risk sectors, namely alcohol, counterfeit goods, fuel, and tobacco.…
read moreSouth Africa received some welcome news after the credit ratings agency S&P decided to upgrade both SA’s foreign currency long-term sovereign credit rating to ‘BB’ from ‘BB- ‘and local currency long-term sovereign credit rating to ‘BB+’ from ‘BB’. Its outlook remains positive. Another agency, Fitch affirmed South Africa’s sovereign rating at BB- with a stable…
read moreRecently a number of multinational corporations, such as ArcelorMittal South Africa, Glencore, Rio Tinto, and Goodyear have announced either exits or large-scale downsizing of their South African operations. While the reasons cited range from global restructuring to sector-specific challenges, common themes emerge: declining profitability in the local market, energy insecurity, infrastructure backlogs, and regulatory uncertainty.…
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