Unemployment rate drops by 0.5% to 31.4%: Stats SA

FILE IMAGE | Men hold placards offering temporary employment services while waiting for potential customers. The latest data released by Statistics South Africa (Stats SA) shows that the official unemployment rate decreased by 0,5% points from 31,9% in the third quarter of 2025 to 31,4% in the fourth quarter of 2025. The Quarterly Labour Force…

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Illegal connections cost Eskom R7 billion in Gauteng: Qithi

FILE | Electricity pylons. Eskom in Gauteng says it has lost close to R7 billion in revenue due to electricity theft and illegal connections. Three farmers and an Eskom employee are expected to appear in the Randfontein Magistrate’s Court on Tuesday for their bail applications. The four suspects stand accused of meter tampering on farms…

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Dollar holds gains in thin trading as markets await Fed minutes, GDP

The dollar held gains on Tuesday as markets awaited signals, expected later this week, about the potential timing of rate cuts by the Federal Reserve. The yen trimmed losses from a day earlier when worse-than-expected Japanese economic data stirred expectations that the government would ramp up stimulus. The Aussie dollar edged lower after the release of Reserve Bank of…

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Sugarcane farmers call on government to rescue Tongaat Hulett

Farmer looking at sugarcane plants Sugarcane farmers in KwaZulu-Natal (KZN) are calling on the government to rescue the country’s sugar giant, Tongaat Hulett. Business rescue practitioners have filed for provisional liquidation of the entity. With a R12-billion debt and a failed rescue deal put forward by the Vision Consortium, the livelihoods of one million people…

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Analysts expect positive shift in unemployment figures

Workers at a clothing factory. South Africa’s fragile labour market is set to come under the spotlight when the latest unemployment figures are released on Tuesday. Stats SA is due to publish the results of its Quarterly Labour Force Survey for the final quarter of last year. Economists are expecting that shifts in the official…

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Uber expands into 7 new European markets in food-delivery push

File Image: Uber app seen on a cellphone. Uber plans to roll out its delivery business into seven new European countries this year, as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the Financial Times reported on Sunday. The US-based company will launch services in markets including Czech Republic, Greece and Romania…

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