An employee works on the production line manufacturing pipe-fitting valves at a factory in Wenzhou, Zhejiang province, China China’s economic growth slowed to a three-year low in the fourth quarter as domestic demand softened, and while the full-year pace hit Beijing’s target, trade tensions and structural imbalances pose significant risks to the outlook. The world’s…
The Durban beachfront. The eThekwini Metropolitan Municipality in Durban says the 1.1 million people that visited the area during the festive season have significantly boosted the KwaZulu-Natal economy. They spent more than R2.5 billion during the period, supporting thousands of jobs. Mayor Cyril Xaba says visitors are driving economic growth across the province. “The visit…
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing he deserves the “wrongful gains” that they received from his early support of the artificial-intelligence startup, according to a court filing on Friday. OpenAI gained between $65.5 billion and…
Earthlife Africa says power increases tariffs will put more pressure on struggling households. Environmental non-profit organisation, Earthlife Africa, will on Wednesday demonstrate outside the offices of the National Energy Regulator of South Africa (NERSA), in Pretoria, against another tariff hike. [WATCH] Starting from the 1st of April, Eskom customers will face a 12.7% increase in…
A wall at the Phala Phala farm. The trial regarding the theft of 580,000 US dollars at President Cyril Ramaphosa’s Phala Phala farm in Bela-Bela will continue at the Modimolle Magistrate Court in Limpopo. Accused number one, Immanuela David and his co-accused, who are siblings, Floriana and Ndilinasho Joseph, allegedly stole about R10 million in…
South African Reserve Bank (SARB) Governor, Lesetja Kganyago. South African Reserve Bank (SARB) Governor Lesetja Kganyago says the central bank has set its focus on its price stability mandate and ensuring that the new inflation target expectations are embedded. The bank set a new target of 3% with a 1% tolerance band last year. Kganyago…
South African money The salaries of public office bearers will be increased by 4.1% and 3.8% in different categories. The determination has been made by President Cyril Ramaphosa and is set to come into effect on April 1, 2026. The increase follows the recommendation by the Independent Commission for Remuneration of Public Office Bearers. The…
Dusk falls on the popular V&A Waterfront district in Cape Town. The City of Cape Town says the increased visitor numbers in the city are a strong indicator that co-ordinated efforts between government and the aviation industry are delivering improved results. The Cape Town International Airport has seen a surge of 11 million visitor numbers…
Smoke rises from a burning cigarette. British American Tobacco South Africa (BATSA) says it has begun engaging workers and unions in the Section 189 process that could result in up to 230 job losses at its sole cigarette factory in the country. BATSA confirmed this week that it was shutting down its Heidelberg plant in…
A woman poses with a cigarette in front of British American Tobacco (BAT) logo. British American Tobacco South Africa (BATSA) on Thursday announced it will cease local production of factory manufactured cigarettes (FMC) and close its sole South African manufacturing facility by the end of 2026 as a result of the devastating impact of the…
