FILE| A miner working underground. The Minerals Council South Africa and the Ferro Alloy Producers Association (FAPA) have rejected the introduction of a chrome ore export tax, saying electricity prices need to come down to save the industry. Industry players argue that the cost of power is the real cause of the sector’s decline, not…
World Bank headquarters in Washington. The gap between developing nations’ debt servicing costs and new financing hit a more than 50-year high of $741 billion between 2022 and 2024, the World Bank said on Wednesday, urging countries to use the more relaxed global financing conditions to bring their houses in order. In its annual International…
A worker counts money. Thousands of Ithala Bank customers are expected to start having access to their funds from Monday through a new banking institution. National Treasury will make up to R2.2 billion available for the payouts from December 8th at FNB branches. In January, the South African Reserve Bank’s Prudential Authority applied for the…
SABC TV Park building in Auckland Park, Johannesburg. The Communication Workers’ Union (CWU), alongside Congress of South African Trade Unions (Cosatu) in Gauteng have handed over a memorandum of demands to the South African Broadcasting Corporation (SABC). The group staged a picket outside the corporation’s headquarters in Auckland Park over the de-registration of CWU at…
Person holding South African money. The Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) has risen by five points to forty-four in the fourth quarter of 2025. The improvement in business sentiment follows two consecutive declines. This means that 44% of respondents including manufacturers, wholesalers and retailers, are satisfied with prevailing…
A vehicle at a petrol station being filled The Department of Mineral and Petroleum Resources has announced that fuel prices will increase from Wednesday. Both grades of petrol will increase by 29 cents per litre, both grades of diesel will go up by between 65 cents and 85 cents per litre. Meanwhile illuminating paraffin will…
Signage seen at an Ithala Bank branch. Ithala Bank depositors who have been unable to access their funds from the institution since January 2025 can breathe a sigh of relief. National Treasury has announced that it will be making up to R2.2 billion available to enable the repayment of Ithala Bank depositors, following consultations with…
Key stakeholders in Southern Africa’s ICT and telecoms sectors including government, technology companies and international partners gather in Cape Town for the 2025 Southern Africa Telecommunication and Applications Conference (SATNAC). Live proceedings below:
[FILE PHOTO] A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share amid fears of a looming supply glut….
[FILE PHOTO] The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria OPEC+ is likely to leave oil output levels for the first quarter of 2026 unchanged at its meetings on Sunday, three delegates from the group said on Saturday, moderating a push to regain market…
