A general view shows ArcelorMittal South Africa office. 1 minute The National Union of Metalworkers of South Africa (NUMSA) has called on the government to hold public engagements with stakeholders to address potential job losses at ArcelorMittal. This follows the company’s announcement of its decision to wind down its steelmaking operations, putting an estimated 3…
2 minutes Indonesia will formally join BRICS as a full member, Brazil’s government said on Monday, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa. Indonesia’s foreign ministry said in a statement on Tuesday that it welcomed the announcement and that “BRICS membership is a strategic way to increase collaboration…
A general view shows ArcelorMittal South Africa office. 3 minutes Industry players have warned of the broader consequences of ArcelorMittal South Africa’s decision to shut down its long steel business. The decision places around 3 500 direct and indirect jobs at risk at its Newcastle and Vereeniging operations. The company has attributed this to the…
Representational image of tax. 2 minutes President Cyril Ramaphosa has signed a law to enforce a 15% global minimum corporate tax rate for multinational companies that are paying less than 15% tax on their earnings. The act signed into law last month on the eve of Christmas forms part of a global tax movement for…
Raw corn is shown as it is unloaded for processing at a plant. 2 minutes There are some green shoots for South Africa’s agriculture industry. Agri economists believe many staple crops will benefit from the El Nino weather phenomenon that is expected to bring more rain this year. But for farmers in the Northern Cape…
3 minutes Tourism authorities in the KwaZulu-Natal Midlands region say the festive season has been a huge success. They have seen an unprecedented surge in tourism, with hotels and accommodation establishments operating at full occupancy throughout the season. Adding that the strong demand underscores the growing popularity of the area as a sought-after destination for…
People seen in at the Airport. 1 minute The Ekurhuleni local municipality has confirmed that a tree fell on an Eskom overhead power line, which led to a temporary power outage that affected OR Tambo International Airport. According to the Airports Company of South Africa (ACSA), the power disruption happened on Thursday evening just after…
CWP workers. 2 minutes The Congress of South African Trade Unions (Cosatu) has warned that the termination of the Community Work Programme (CWP) contracts will lead to an escalation in poverty. Cooperative Governance and Traditional Affairs Minister Velenkosini Hlabisa recently announced that contracts of people aged 55 and above would be terminated due to issues…
2 minutes Civic movement Save South Africa says Cooperative Governance and Traditional Affairs Minister Velenkosini Hlabisa should reconsider the retrenchment of workers aged 55 and above. Recently, the department announced that it would terminate Community Work Programme (CWP) contracts for people aged 55 and older due to some issues including budget cuts. The CWP is…
A picture of SA money. 1 minute Econometrix Director and Chief Economist Dr Azar Jammine believes the year 2025 holds better prospects for South Africa. However, he says there are still downside risks that could hinder economic growth in the new year. This follows the weakening of the Rand and the increase in petrol prices…
