ACSA suspends executive Petros over operational irregularities

Mzwandile Petros is on precautionary suspension. Airports Company South Africa (ACSA) says it has placed the group executive for enterprise security and compliance, Mzwandile Petros, on precautionary suspension pending a probe into allegations of operational irregularities. It says Mary Ann Joubert has been appointed to act in the post. ACSA says in a statement that…

Read More

SA Post Office to get R1.8 billion allocation

Post office The South African Post Office has received a R1.8 billion service allocation to stabilise operations. This was revealed by Communications and Digital Technologies Minister Solly Malatsi when he was presenting his department’s budget vote in Parliament. Malatsi says universal access to Post Office services as well as digital connectivity remains a priority, “The…

Read More

‘Govt moving forward to create Basic Income Grant’

A street trader counts out change for a customer. Social Development Minister, Sisisi Tolashe, says the government is moving forward to create a Basic Income Grant. She was delivering her department’s Budget Vote in the National Assembly. For the 2025/26 financial year, the department will have nearly R300 billion to ensure the most vulnerable in…

Read More

Trump says SA to pay 30% tariffs from 1 August

FILE | A view of the Oval Office during a press conference between President Cyril Ramaphosa and US President Donald Trump. US President Donald Trump has posted a letter to President Cyril Ramaphosa on Truth Social informing him that South Africa will be charged a tariff of 30 percent from the 1st of August on…

Read More

Potential impact of tariffs on economy hard to predict: SARB

Rand note and coins. The South African Reserve Bank‘s (SARB) Prudential Authority says it is difficult to assess the potential impact of tariffs on the economy or financial systems at the moment. The regulator and supervisor for licensed financial institutions in the country says the financial stability committee has been in talks over tariffs. Businesses…

Read More