By: Gofaone Motsamai

The recent approval by the National Energy Regulator of South Africa (NERSA) of a 12,7% electricity tariff increase for the 2025/26 financial year has raised serious concerns about its implications for household budgets, business operations and socio-political stability.

Mpho Lenoke, an economics lecturer at the Mahikeng Campus of the North-West University (NWU), provides expert insights into how this significant rise will impact various aspects of South African life.

When people hear the word “accounting”, they often think of numbers, spreadsheets and meticulous financial records. But in a country like South Africa, accounting is far more than just balancing the books – it is a cornerstone of economic growth and stability. At the North-West University (NWU) we are committed to developing well-rounded, skilled professionals who prioritise accountability. And the results speak for themselves.

On 23 January, President Cyril Ramaphosa signed into law the Expropriation Bill. Simply put, the bill allows the state to expropriate land in the public interest, including without compensation.

The signing of the Bill elicited no little backlash from the public, as well as from certain political parties, while others praised it.

But was all the fanfare warranted? According to Prof Waldo Krugell, the answer is an unequivocal “no”.

In a dynamic collaboration aimed at transforming communities through entrepreneurship, the North-West University’s (NWU’s) bhive Enterprise Development Centre (bhive EDC) joined forces with Radio Pulpit, I AM Youth and TBN Africa to host the "Pitch Your Business Competition".

This initiative not only fosters innovation but also drives economic growth, skills development, and employment opportunities across South Africa and beyond.

The Speaker of the North West Provincial Legislature, Desbo Mohono, recently graduated from the North-West University (NWU) with a Doctor of Philosophy (PhD) in Agricultural Economics. The degree was conferred at a graduation ceremony held on the Potchefstroom Campus on 28 November 2024.

It is good news for business and consumers that the repo rate was unanimously reduced by 25 basis points (bps) on 21 November.

In commenting on the latest Monetary Policy Committee (MPC) statement to again reduce the repo rate by 25 basis points (bps), Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says it was widely anticipated that the MPC would continue its cautious stance on easing monetary policy.

South Africa’s fashion retail industry is witnessing a shift as gamification emerges as a potent tool for improving customer loyalty, retention and brand recall.

In an increasingly competitive digital environment, retailers are turning to gamified experiences to engage customers. A recent study led by Prof Roland Goldberg from the Faculty of Economic and Management Sciences at the North-West University (NWU), published in the Malaysian E-Commerce Journal, explored the potential of gamification to transform consumer behaviour within the South African market.

Visiting universities is a critical step towards empowering students, as future leaders, to understand the role of the South African Reserve Bank (SARB).

Dr Mampho Modise, Deputy Governor of the SARB, made this observation during her prestige lecture on 21 October 2024, at the North-West University (NWU), Potchefstroom Campus.

In her lecture, Dr Modise outlined the role of the SARB and spoke about the importance of monetary policy, financial stability and economic statistics.

Transport is the backbone of any thriving economy, and in South Africa it is a lifeline that connects people to opportunities, businesses to markets, and communities to essential services. Transport Month, celebrated in October, provides a moment to reflect on the critical role transport plays in our daily lives, our economy, and our future. It is also an opportunity to renew our collective commitment to building an efficient, safe, and accessible transport system for all.

Investing in transport infrastructure is critical to South Africa’s post-pandemic economic recovery. This is according to Dr Alexander Samuels from the North-West University’s (NWU) Faculty of Economic and Management Sciences. By modernising highways, ports, railways and airports, the country can enhance supply chain efficiency, attract foreign investment, and stimulate job creation, all while positioning itself more competitively in global markets.