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Tag: South Africa

Ramaphosa pledges to strengthen trade partnership with Nigeria
News

S’Africa eases visa rules for Nigerian tourists, business travelers

South African President, Cyril Ramaphosa has announced a significant change in visa requirements for Nigerian tourists. He said that Nigerian travelers can now apply for South African visas without submitting their physical passports. This policy aims to simplify the application process and encourage more tourism and business travel between the two countries. Ramaphosa made this […]

South Africa to alter taxation laws for remote workers
News

S’Africa unveils visa reforms to attract skilled workers

The South African Minister of Home Affairs, Leon Schreiber, announced significant changes to South Africa’s visa system on Wednesday. The introduction of a new Remote Work Visitor Visa and a Points-Based System for Work Visas aims to simplify entry processes for foreign workers and investors, according to Bloomberg. These reforms are designed to eliminate bureaucratic […]

US Embassy in Nigeria moves to new visa service provider
News

Nigerians to get S’Africa visa in seven days – Consul-General

The Consul-General of South Africa to Nigeria, Prof. Bobby Moroe has announced that instead of the previous six-month processing time, Nigerians who seek to visit the south africa will now receive their visas in seven days. This was disclosed by the envoy to pressmen at the July Breakfast Meeting sponsored by South Africa Airways with […]

Ramaphosa pledges to strengthen trade partnership with Nigeria
News

Ramaphosa pledges to strengthen trade partnership with Nigeria

South African President Cyril Ramaphosa has reaffirmed his commitment to maintaining a strategic partnership with Nigeria, following the announcement that South Africa has become Nigeria’s top trading partner in Africa for the first quarter of 2024, with trade exceeding N1 trillion, according to the Nigerian Bureau of Statistics. The South African government emphasized the importance […]

South Africa grants license to 75 crypto companies
News

South Africa grants license to 75 crypto companies

South African Financial Sector Conduct Authority on Monday expanded its approval, granting an additional 16 licenses, bringing the total number of licensed crypto companies to 75. This decision followed the submission of 374 applications to the FSCA. In March, South Africa’s financial conduct regulator greenlit 59 operating licenses for cryptocurrency businesses without disclosing the recipients’ […]

S’Africa joins Nigeria, to recall toxic cough syrup
News

S’Africa joins Nigeria, to recall toxic cough syrup

The South African Health Products Regulatory Authority has issued a recall for specific batches of Johnson & Johnson’s children’s cough syrup due to elevated levels of diethylene glycol, a harmful substance. The affected batches were distributed in South Africa, Eswatini, Rwanda, Kenya, Tanzania, and Nigeria, as stated in a release on Saturday. This recall follows […]

News

South Africa’s consumer inflation rises to 5.6%

South Africa’s consumer inflation increased for the second time in a row in February, inching closer to the Central Bank’s upper target. Economists in the country stated this could imply longer waits for rate cuts. According to Reuters, headline consumer inflation rose to 5.6% year on year from 5.3% in January, Statistics South Africa data […]

Nigeria begins export to South Africa, others April - AfCTA
featured News

Nigeria begins export to South Africa, others April – AfCTA

Melvin Onwubuke Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon, and Kenya from next month under the Guided Trade Initiative of the African Continental Free Trade Area. this was disclosed by the Executive Secretary of, the National Action Committee on AfCFTA, Olusegun Awolowo, while Speaking on the […]

Nigeria to supply South Africa gas from 2024
Oil and Gas

Nigeria to supply South Africa gas from 2024

A Nigerian energy company, Riverside LNG, has reported ongoing talks about a prospective arrangement to supply gas to South Africa beginning in the first quarter of 2024. According to Bloomberg, this would be the first such agreement between the two countries, demonstrating potential collaboration in the energy sector. Earlier this year, the company formed a gas-export collaboration […]

South Africa to probe Meta, Google competition with news publishers
News Tech

South Africa to probe Meta, Google competition with news publishers

The Competition Commission of South Africa disclosed on Tuesday it will look into allegations that ad-supported internet platforms like Meta and Google unfairly competed with news publishers by utilising their content to generate revenue. The Commission will look into, among other things, market characteristics that could distort competition between news media companies and digital platforms […]

South Africa to alter taxation laws for remote workers
News Tech

South Africa to alter taxation laws for remote workers

A draft of the proposed tax administration bill, which will attempt to alter how remote employees pay taxes, has been shared by South African Revenue Services. One of the suggested bills seeks to eliminate the distinction between remote and non-remote workers and to mandate pay-as-you-earn tax deductions by employers of remote employees based in South […]

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