Ramaphosa signs off three new laws for South Africa

Here are the biggest stories you may have missed on BusinessTech this week President Cyril Ramaphosa has assented three new laws for South Africa – but there are still over 20 bills on his desk. [BusinessTech logo]( [Top stories this week]( [◼ Ramaphosa signs off three new laws for South Africa]( President Cyril Ramaphosa has assented three new laws for South Africa – but there are still over 20 bills on his desk. [◼ Speaker of the National Assembly resigns]( Speaker of the National Assembly, Nosiviwe Mapisa-Nqakula, has resigned from the position and as a Member of Parliament, effectively immediately. [◼ Big interest rate shift on the cards for South Africa]( The Reserve Bank is looking at changing the goalposts for interest rates in South Africa. [◼ A bachelor’s degree isn’t enough in South Africa]( A recent report by StatsSA sheds light on changes in South Africa’s tertiary education sector over the past few decades and the most popular fields of study. [◼ Zimbabwe kills the Zim dollar – replaces it with a new currency]( South Africa’s neighbour to the north is getting a new currency – and it will be stronger than the rand against the dollar at launch. [◼ Trouble for petrol prices in South Africa in May]( The rand has hit its strongest position in weeks, but oil prices are on the up as tensions rise in the Middle East – throwing up red flags for petrol prices in May. [◼ Massive 6-month shutdown of critical water supply for South Africa – what you need to know]( The main water supply to South Africa’s economic hub, greater Johannesburg in the Gauteng province, and to the country’s breadbasket in the Free State, is scheduled to be cut off for six months. [◼ Social grant changes for South Africa this month]( The Department of Social Development has gazetted changes to the Social Relief of Distress grant, that come into effect from April. [◼ Big turn for South Africans earning more than R20,000 a month]( Following a challenging 2023, views on the South African economy and household finances is improving – with high earners the most upbeat. [◼ Kieswetter’s latest tax haul beats estimates]( South African Revenue Service raked in more than expected in the fiscal year through 31 March 2024. [Facebook]([Twitter]([LinkedIn]([YouTube](