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…
Finance Minister Enoch Godongwana and Reserve Bank Governor Lesetja Kganyago brief the media following the G20 Finance and Central Bank Governors Meeting in South Africa on February 27, 2025. Finance Minister Enoch Godongwana and Reserve Bank Governor Lesetja Kganyago will lead South Africa’s delegation to the Spring meetings of the International Monetary Fund (IMF) and…
Num hosts a workshop to get a mandate following a tense fourth round of wage talks at Eskom. The National Union of Mineworkers (NUM) is seeking a mandate from its members on Wednesday, following a tense fourth round of wage talks at Eskom. On Friday, the power utility tabled its final offer of a 7%…
FILE| Eskom banner at an event. Labour unions at Eskom are heading back to their members this week to seek a mandate following a tense fourth round of wage talks. On Friday, the utility tabled its final offer of a seven percent salary increase. This comes after months of deliberation at the Central Bargaining Forum,…
President Cyril Ramaphosa is delivering the keynote address at the National Local Economic Development Summit, taking place at the Birchwood Hotel, Johannesburg. LIVE STREAM: President Ramaphosa delivers keynote address at the National Local Economic Development Summit
The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, US., April 8, 2019. The International Monetary Fund (IMF) says the war in the Middle East threatens to throw the global economy off course. It is pegging that global economic growth will be 3.1% in 2026, down…
FILE| Models of oil barrels and a pump jack are displayed in front of a rising stock graph. Markets have reacted positively to reports that the US and Iran may resume talks to end the war despite a blockade on Iranian ports. Local equities were trading slightly higher on Tuesday with the JSE All Share…
Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, US, January 25, 2023. Oil prices surged on Monday as the US moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell. The US…
