The rand has depreciated to R18. 78 against the US dollar, reaching its lowest point since February as Parliament narrowly passes the controversial budget with a ...
A legal expert warns that South African banks could face US sanctions following new American legislation that prohibits account closures based on reputational risk. ...
The US Banking Committee has moved to eliminate 'reputational risk' as a reason for account closures, challenging a practice South African banks have long used to ...
Microsoft announces a groundbreaking R5. 4 billion investment in South Africa, aimed at training one million citizens in AI and creating vital employment opportunities ...
This headline print comes as Eskom has been granted a tariff increase of more than 12% for the next financial year, which is going to cripple household income expenditures ...
Nkosinathi Mahlangu, Momentum Group's youth employment portfolio head, said the unchanged expanded unemployment rate of 41. 9% further underscored the barriers many ...
This comes as international agricultural food prices lifted by a hefty 6. 4% month-on-month in December, with domestic food prices influenced by these global prices ...
According to the survey 294 000 jobs were lost between September 2023 and September 2024.
However, the ratings affirmation also acknowledged chronic challenges posed by the country's inequalities, which hamper reform progress and fuel social risk
However, the ratings agency maintained South Africa’s credit ratings status below investment grade, with the sovereign’s long-term foreign and local currency debt ...
However, discouraged work-seekers increased by 160 000 or up by 5. 0%, and the number of persons who were not economically active for reasons other than discouragement ...
Mogajane allegedly accepted a R1 million ‘gratification’ when he was director-general of National Treasury from convicted former chairman of VBS Mutual Bank, Tshifhiwa ...
Pula is applying for a default judgement against the companies that failed to appear before the court in December 2023 after the Motsepe associated companies argued ...
South Africa’s average spending on public-sector salaries is well above that of many countries, with the general government wage bill constituting 13. 6% of the ...
However, Godongwana said the economy has since strengthened in response to the suspension of power cuts since March, improved confidence following the formation ...
In the meeting with Putin, Ramaphosa communicated the priorities of the seventh administration, highlighting the strategic importance of the Russian Federation to ...
This marks a 0. 2 percentage point improvement compared to predictions made in April and July. Furthermore, for 2025, the GDP forecast has been elevated from 1. ...
According to the IIR, the number of overall credit originations (a measure of new accounts opened) increased by 15. 2%, as South Africans increasingly used new and ...
In a letter to SAA staff and the broader stakeholder community on Tuesday, SAA interim CEO Professor John Lamola said the State-owned airline was currently executing ...
Ramokgopa said there has been significant progress for South Africa to address technical compliance deficiencies and of the 20 technical compliance requirements, ...
The route had been part of Lufthansa’s schedule until 2005 and is poised to reconnect South Africa to one of Germany’s most important economic centres.
Among other challenges Transnet faces are an ageing fleet, high network vandalism and theft, underinvestment, issues it must deal with in addition to the current ...
Godongwana said the NDB meeting was going to discuss strategic issues of the bank but also give more focus on energy issues among BRICS countries.
This comes as a number of organisations have threatened legal action against Eskom’s 36% revenue application for the 2025/26 financial year while political parties ...
The extension of Koeberg’s lifespan also comes on the back of Energy and Electricity Minister Kgosientsho Ramokgopa, saying that the procurement of 2 500MW of new ...