{"id":843023,"date":"2025-11-13T07:33:32","date_gmt":"2025-11-13T05:33:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=843023"},"modified":"2025-11-13T07:34:16","modified_gmt":"2025-11-13T05:34:16","slug":"best-news-in-25-years-on-the-cards-for-south-africa-and-ramaphosa-appoints-new-minister","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/843023\/best-news-in-25-years-on-the-cards-for-south-africa-and-ramaphosa-appoints-new-minister\/","title":{"rendered":"Best news in 25 years on the cards for South Africa, and Ramaphosa appoints new minister"},"content":{"rendered":"\n<p>The rand appreciated on Wednesday following the finance minister&#8217;s announcement of a lower inflation target.&nbsp;<\/p>\n\n\n\n<p>This change, anticipated by investors, has contributed to a rally in local assets this year. The rand was trading at 17.0650 against the dollar, reflecting a 0.5% increase from Tuesday&#8217;s closing level.<\/p>\n\n\n\n<p>South Africa&#8217;s international bonds also showed slight gains as details from the finance minister&#8217;s mid-year budget review were released, with longer-dated bonds performing the best.<\/p>\n\n\n\n<p>Finance Minister Godongwana stated that the inflation target will be adjusted to 3% with a tolerance band of 1 percentage point on either side, down from the previous range of 3% to 6%.&nbsp;<\/p>\n\n\n\n<p>However, he noted that this new target will be implemented over two years, indicating that the central bank may have some flexibility in achieving it initially.<\/p>\n\n\n\n<p>As of September, the most recent month for which data is available, annual inflation was recorded at 3.4%.<\/p>\n\n\n\n<p>The National Treasury has revised its forecast for the consolidated budget deficit this fiscal year to 4.7% of gross domestic product, an improvement from May&#8217;s estimate of 4.8%.<\/p>\n\n\n\n<p>Additionally, the Treasury&#8217;s economic growth projections for this year and the next have been adjusted downward to 1.2% and 1.5%, respectively, from previous estimates of 1.4% and 1.6%.&nbsp;<\/p>\n\n\n\n<p>The Johannesburg Stock Exchange&#8217;s Top 40 index was last reported up 1%.<\/p>\n\n\n\n<p>On Thursday, 13 November, the rand was trading at R17.07 to the dollar, R22.40 to the pound and 19.78 to the euro. Oil was trading slightly lower at $62.66 a barrel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5 important things happening in South Africa today<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Willem-Aucamp.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Willem-Aucamp-1024x576.jpg\" alt=\"\" class=\"wp-image-843024\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Willem-Aucamp-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Willem-Aucamp-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Willem-Aucamp-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Willem-Aucamp.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>New forestry, fisheries and environment minister, Willem Aucamp.<\/em><\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Best news in 25 years on the cards:<\/strong>\u00a0The Treasury is hopeful that credit rating agencies will acknowledge South Africa&#8217;s improving public finances after Wednesday&#8217;s Medium-Term Budget Policy Statement. A credit rating upgrade from S&amp;P Global Ratings could be possible on Friday. South Africa has not received a credit ratings upgrade since 2000, 25 years ago. [<strong><a href=\"https:\/\/www.businessday.co.za\/economy\/2025-11-13-ratings-upgrade-and-rate-cut-likely-as-sa-targets-lower-inflation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Business Day<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Ramaphosa appoints new minister:<\/strong>\u00a0Ramaphosa&#8217;s office said in a statement late on Wednesday that Willem Aucamp would be forestry, fisheries and environment minister, and Alexandra Abrahams one of two deputy trade, industry and competition ministers. [<strong><a href=\"https:\/\/www.engineeringnews.co.za\/article\/ramaphosa-names-new-environment-deputy-trade-ministers-2025-11-13\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>6,000 jobs on the chopping block:<\/strong>\u00a0Over 6,000 unlawfully-appointed Gauteng crime prevention wardens, initiated by Premier Panyaza Lesufi, face unemployment as the responsible retraining entity is bankrupt and unable to handle the task. [<strong><a href=\"https:\/\/www.news24.com\/investigations\/panyazas-broken-promise-rtmc-cannot-retrain-lesufis-unlawful-wardens-after-r254m-failure-20251113-0173\" target=\"_blank\" rel=\"noreferrer noopener\">News24<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Still no Starlink in South Africa:<\/strong>\u00a0Vodacom recently signed an agreement with Starlink to deliver high-speed, low-latency broadband Internet to millions of businesses across Africa. However, Vodacom said it will not offer Starlink services in South Africa at this stage. [<strong><a href=\"https:\/\/mybroadband.co.za\/news\/broadband\/618095-bad-news-about-starlink-in-south-africa.html\" target=\"_blank\" rel=\"noreferrer noopener\">MyBroadband<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Major price hikes coming for key nature reserves:<\/strong>\u00a0Visitors to North West\u2019s nature reserves will face significant price increases starting 1 December 2025, with entrance fees for South African adults rising by up to 332%. At Madikwe Game Reserve, the fee will soar from R180 to R777, and most other reserves, including Pilanesberg, will see fees more than double. [<strong><a href=\"https:\/\/newsday.co.za\/south-africa\/10423\/major-price-hikes-coming-for-key-south-african-nature-reserves\/?utm_source=story_viewer\" target=\"_blank\" rel=\"noreferrer noopener\">Newsday<\/a><\/strong>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are 5 important things happening in South Africa today, Thursday, 13 November 2025.<\/p>\n","protected":false},"author":92,"featured_media":813796,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-843023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=843023"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843023\/revisions"}],"predecessor-version":[{"id":843027,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843023\/revisions\/843027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/813796"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=843023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=843023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=843023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}