Woman walks past a business offering a job 3 minutes Canada’s unemployment rate rose to 6.9% in April, the highest since November, as US tariffs started to hit Canada’s export-dependent economy in earnest, data showed on Friday. The high unemployment rate in Canada, where the number of jobless people is inching towards 1.6 million, was partly a result of US President…
People attending Africa’s Travel Indaba. 2 minutes Tourism Minister Patricia de Lille says the Africa Tourism Indaba generated over R500 million for KwaZulu-Natal last year. She opened the second G20 tourism working group meeting in Durban, KwaZulu-Natal. This was ahead of Africa’s Travel Indaba, which will open in Durban on Tuesday. De Lille says the…
File image: One of Ithala Bank branches. 1 minute The KwaZulu-Natal Development Bank, Ithala will continue to operate normally, but will not be taking deposits. This is according to a judgment, which the High Court in Pietermaritzburg delivered yesterday. Ithala had sought an urgent court interdict against the Repayment Administrator’s instruction in January that its…
Chinese President Xi Jinping 4 minutes Chinese President Xi Jinping told Russia’s Vladimir Putin on Thursday their two countries should be “friends of steel”, as they pledged to boost cooperation to a new level at a time of heightened confrontation with the West. At talks in the Kremlin, the two leaders cast themselves as defenders…
Minister of Women, Youth and Persons with Disabilities Sindisiwe Lydia Chikunga 2 minutes Minister of Youth, Women and Persons with Disabilities Sindisiwe Chikunga says the recent G20 Conference on Financial Inclusion, held over two days at Sun City near Rustenburg in the North West, was a success and a step forward in addressing the economic…
File image: City Power technician repairs electricity lines in Johannesburg. 1 minute The City of Johannesburg Mayor, Dada Morero says close to R 300 Million has been set aside to electrify informal settlements in the city. He delivered his State of the City Address in Braamfontein yesterday. Morero says provision of electricity in informal settlements…
President Cyril Ramaphosa delivers the opening address at a government function. 2 minutes President Cyril Ramaphosa says South Africa’s economy continues to be held back by structural and regulatory inefficiencies. He says the country must grow faster to create necessary employment and needs to achieve prosperity. Ramaphosa says Finance Minister Enoch Godongwana’s national budget will…
2 minutes Moody’s has revised its GDP growth forecast for South Africa downward to 1.5% for 2025, down from its earlier projection of 1.7%. The credit rating agency attributed the revision to global policy uncertainty and escalating trade tensions, which have prompted downward adjustments to growth forecasts worldwide. Global credit rating agency Moody’s has revised…
2 minutes South Africa has officially launched the second phase of Operation Vulindlela with local government, spatial inequality and digital transformation in sharp focus. The joint reform initiative between the Presidency and National Treasury, aimed at accelerating structural reforms to boost economic growth, has been in place since 2020. During a technical briefing in Pretoria…
[FILE] National Financial Ombud Scheme South Africa – NFO 1 minute As economic pressures continue to affect households, the National Financial Ombud Scheme has urged South Africans not to cancel their insurance policies or default on premium payments. The warning comes as more people consider cutting costs, including on non-life or short-term insurance. Lead Ombud…
