File Image: A graphic showing the up and down movement of inflation figures. Economists, business managers and trade unions expect inflation to average a record low of 3.6 % over the next five years. The group of professionals participated in a survey by the Bureau for Economic Research. Their expectation follows government’s decision to anchor…
Oil. The price of Brent Crude Oil remains volatile as a result of the war in the Middle East, surging to around $109 dollars a barrel. Iran’s Revolutions Guards have threatened to target oil facilities in Saudi Arabia, the United Arab Emirates (UAE) and Qatar. This after Israel’s attacked on the world’s largest natural gas…
Models of oil barrels and a pump jack are displayed in front of a rising stock graph Minister of Mineral and Petroleum Resources Gwede Mantashe says the evolving tensions in the Middle East is having a negative impact on global oil prices. Mantashe says oil prices are expected to increase sharply next month due to…
COSATU warns that proposed SAPO liquidation could cost 10,000 jobs and devastate families. Union federation Congress of South African Trade Unions (COSATU) says it strongly rejects the possibility of liquidation of the South African Post Office (SA Post Office). The trade union says this will lead to thousands of workers losing their jobs. The Congress…
An Eskom pre-paid meter. The Cooperative Governance and Human Settlements Department in Mpumalanga says it is revising its support for municipalities struggling with their Eskom debt. Five municipalities in the province, Emalahleni, Govan Mbeki, Lekwa, Mbombela, and Thaba Chweu, are among the 14 municipalities that owe a total of R62.3 billion. Factors identified by the…
Worker seen near a smelter Trade Unions representing workers at Ferrochrome producer, Samancor will engage the company in efforts to reduce the number of employees to be retrenched at the company’s smelters. Samancor issued retrenchment notices, that envisages that 2400 employees might be retrenched at its smelter operations and corporate office. It cites electricity costs…
President Cyril Ramaphosa addressing the National Transport Conference in Midrand. President Cyril Ramaphosa has implored the Transport Department to work to ensure the rollout of the rail and freight infrastructure to unlock the country’s economic growth and job creation drive. Speaking at the National Transport Conference in Midrand north of Johannesburg earlier, the President decried…
File: Police seized counterfeit goods valued at more than R260 million The Congress of South African Trade Unions (Cosatu) has urged government to drastically ramp up efforts to tackle the selling of illicit goods in the country and customs fraud. The labour federation welcomed President Cyril Ramaphosa’s commitment in his State of the Nation Address…
File: Container ships wait to load and offload goods in port during a 21-day nationwide lockdown aimed at limiting the spread of coronavirus disease (COVID-19) in Cape Town, South Africa, April 17, 2020. Experts say the United States is pivoting to a new legal strategy to impose tariffs on its trade partners, following a significant…
File: A container ship docked at a port The United States of America Trade Representative‘s office announced this week it is investigating 60 of its major trading partners. The probe will determine if these nations are doing enough to block products made with forced labour from entering US market. The announcement has raised the prospect…
