COSATU says govt’s wage bill not bloated

Graphic depicting wages 2 minutes COSATU has dismissed as false, the long-standing assertion of a bloated public sector wage bill, as workers look to the upcoming budget for relief. Finance Minister Enoch Godongwana will have to walk a tight rope when he delivers his 2025 budget tomorrow. But government workers want an expansion of the…

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Standard Bank confident in GNU ahead of the 2025 Budget Speech

Chief Economist Goolam Ballim. 2 minutes Standard Bank has generally shown confidence in the Government of National Unity (GNU) ahead of Finance Minister Enoch Godongwana’s 2025 Budget Policy Statement in Cape Town this afternoon. In his 2024 Burdget speech, Finance Minister Enoch Gongwana cited that the South African economy remains severely constrained, plagued by infrastructure…

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SA’s unemployment rate drops to 31.9%

2 minutes The official unemployment rate has decreased to 31.9% in the fourth quarter of 2024. This is due to an increase in employment and a decrease in unemployment in the same period. According to Statistics South Africa (Stats SA), employment gains were observed in the formal sector, the informal sector and private households, while…

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Some political parties against Godongwana raising taxes

Tax-related items seen on a table 1 minute Some political parties in Parliament want Finance Minister Enoch Godongwana to commit to economic growth when he delivers his Budget Speech on Wednesday. They want the budget to mark a turning point for the economy and also focus on debt containment and are against increases in taxes….

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Zanzou patrons shocked by graphic viral videos

Entrance to the nightclub in Pretoria 4 minutes Patrons and the public have expressed shock following graphic videos that appear to show young men being assaulted and sexually violated at the Zanzou club in Hatfield, Pretoria. This follows a video reportedly showing the extremely violent assault of young patrons in 2023. Three of the victims,…

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