Parliament’s Appropriations Committee has resolved to approve R5.7 billion for the Passenger Rail Agency of South Africa (PRASA). The 2026 Special Appropriations Bill aims to allocate R13.5 billion in additional funds to address immediate and pressing needs that could not be delayed until the next budget cycle. Of this, the R5.7 billion appropriation is for…
File: Tshwane Executive Mayor Dr Nasiphi Moya. Executive Mayor of the City of Tshwane, Dr Nasiphi Moya, says the metro has set aside a budget of over R2 billion to capacitate water and power supply infrastructure. Moya says they will prioritise areas like Hammanskraal where a number of projects are already taking place to build…
Barrels of oil. Oil prices have plummeted by over 10% following news that the Strait of Hormuz has been reopened to commercial traffic by Iran. Iran’s Foreign Minister, Abbas Araghchi, posted on the platform X that the Strait is now completely open for all commercial vessels. Brent Crude oil prices, which had been trading at…
The Durban High Court hears an application for the provisional liquidation of sugar giant, Tongaat Hulett. Live stream below:
International Monetary Fund (IMF), Managing Director Kristalina Georgieva. Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has warned that rising public debt is limiting governments’ ability to spend and respond to economic challenges. She says leaders must remain focused on major global pressures, including political tensions, trade issues, and rapid technological change. Her…
Minister of Agriculture John Steenhuisen has announced encouraging early results in South Africa’s fight against Foot-and-Mouth Disease (FMD), with the national vaccination campaign showing clear signs of success. The Minister says more than 2 million animals have been vaccinated between February and 26 March 2026, with no new infections recorded in already vaccinated herds. Although…
PayInc Economic Index saw a 0.9% increase in electronic transactions processed through PayInc, in March 2026 The PayInc Economic Index, which measures the value of all electronic transactions processed through PayInc, saw a 0.9% increase in March 2026. This moved the index point to reach an index level of 104.7 in March, 4.6% higher than…
FILE: Ithala Bank’s branch on Anton Lembede Street in Durban, KwaZulu-Natal. Five board members of financial institution, Ithala SOC Limited, have resigned. KwaZulu-Natal Premier Thami Ntuli has welcomed their departure, calling it a decisive step to stabilise the institution. The resignations come after more than R1.6 billion was paid out to over 64 000 customers who…
An Eskom power station. The National Union of Metalworkers of South Africa (Numsa) has officially declared a wage deadlock with Eskom. This is after its rejection of the utility’s latest 7% offer. Meanwhile, other labour unions, National Union of Mineworkers (Num) and Solidarity are spending this week consulting members after a gruelling round of negotiations…
Num shop stewards gather to discuss the 7% Eskom offer. The National Union of Mineworkers (NUM) has accepted a 7% wage offer tabled by Eskom management following a tense fourth round of wage talks. That is after months of deliberation at the Central Bargaining Forum, where the NUM originally demanded a 15% hike, alongside improved…
