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Parliament presses Treasury on SAPO’s R3.8b rescue funding

South African Post Office (SAPO). Parliament’s Communications and Digital Technologies Portfolio Committee wants an urgent meeting with Finance Minister Enoch Godongwana. This has emerged at the committee’s meeting. It says it wants to get clarity on an outstanding R3.8b funding commitment to the South African Post Office (SAPO). The funding commitment was meant to fund…

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UAE company launches satellite service in SA

Communications and Digital Technologies Minister, Solly Malatsi. United Arab Emirates (UAE) based AI-powered SpaceTech company, Space 42, has launched its next-generation satellite services, Thuraya-4, in South Africa. The move promises to revolutionise connectivity for the most remote corners of the Republic, yet questions remain as the company moves forward without final approval from the industry…

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Ramaphosa welcomes SA inclusion in AGOA renewal

President Cyril Ramaphosa speaks at the Afreximbank signing ceremony at the Westcliff Hotel in Johannesburg on 04 February 2026. President Cyril Ramaphosa has welcomed South Africa’s inclusion in the renewed African Growth and Opportunity Act (AGOA) after it was signed into law by United States President Donald Trump on Wednesday. AGOA, which allows eligible sub-Saharan countries to…

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Lesufi optimistic over R2 billion investment at Vaal malt facility

Construction is under way at the Heineken Soufflet Malt facility in the Vaal Gauteng Premier Panyaza Lesufi says he is optimistic over a R2 billion investment in Sedibeng in the Vaal. He says the new Heineken Soufflet Malt facility marks a long-term commitment to strengthening the country’s brewing and farming communities. The facility is expected to create…

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National minimum wage set to increase to R30.23c per hour

South African money The national minimum wage is set to increase from R28.79c to R30.23c per hour.   Employment and Labour Minister, Nomakhosazana Meth announced the increase on Tuesday.   The R1.44c increase, which will take effect on March 1, 2026 will benefit all workers, including vulnerable farm workers and domestic workers.   Labour Department raised concerns over non-compliance with the national minimum wage, citing farm owners and households…

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AGOA extension will help to restore business confidence: Saccusa

FILE| Vehicle manufacturing plant in the US. The South African Chamber of Commerce in the United States of America (Saccusa) says the one-year extension of the Africa Growth and Opportunity Act (AGOA) will help to restore business confidence. Trade, Industry and Competition Minister Parks Tau has confirmed that South Africa remains a beneficiary of AGOA,…

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US chapter of SACC welcomes extension of AGOA

Kenyan workers check clothes made for export. The United States chapter of the South African Chamber of Commerce has welcomed the extension of the African Growth and Opportunity Act (AGOA) until the end of the year. For now, it still includes South Africa as a beneficiary. US Trade Representative, Jamieson Greer, also issued a statement…

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AgriSA welcomes AGOA one-year extension

Citrus being packed for export AgriSA has welcomed the US Senate’s approval of a one-year extension of the African Growth and Opportunity Act (AGOA). Trade, Industry and Competition Minister Parks Tau has confirmed that South Africa remains a beneficiary of AGOA. The programme provides duty-free access to the US market for its automotive, agricultural, and…

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South Africa signs partnership deal with Afreximbank

President Cyril Ramaphosa addressing delegates at the signing ceremony in Johannesburg. South Africa has officially signed a partnership agreement with the African Export-Import Bank, commonly known as Afreximbank. The trade finance bank is a multilateral financial institution that was established in 1993 to help drive intra and extra African trade. The bank has announced a…

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