SA’s import of natural gas from Mozambique halts in 2026

Natural gas pipeline 1 minute Electricity Minister Dr Kgosientsho Ramokgopa says diminishing current natural gas reserves in Pande, Mozambique present South Africa with both risk and opportunities. Ramokgopa says South Africa will no longer be able to import natural gas from Mozambique from next year. [WATCH] The African Energy Leadership Centre at Wits Business School…

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City of Joburg clarifies confusion over electricity surcharge

A prepaid electricity meter. 1 minute The City of Johannesburg has clarified the confusion around a surcharge on electricity tariffs. The City’s Finance MMC Margaret Arnolds says the surcharge has remained the same, contrary to reports of an additional R70 to the original amount. Introduced in July 2024, the surcharge sparked widespread backlash amid growing…

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Moody’s sees Argentina inflation at 30% by year-end

Rating agency Moody’s head office building 2 minutes Ratings agency Moody’s sees inflation in Argentina at 30% by the end of this year, but may revise that figure downward, a senior analyst at the firm said during an event on Tuesday. Inflation has been showing progress under the government of libertarian President Javier Milei, which…

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Audi F1 project boss Adam Baker leaves by mutual agreement

Belgian Grand Prix – Spa-Francorchamps, Spa, Belgium – August 26, 2022 CEO of Formula One Group, Stefano Domenicali, FIA President Mohammed bin Sulayem, Chairman of the Board of Management of AUDI AG, Markus Duesmann and Audi Chief Development Officer, Oliver Hoffmann pose for a photograph with the new Audi F1 car as German manufacturer Audi…

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SARB, BIS launches TechSprint initiative

A man types on a computer keyboard. 2 minutes The South African Reserve Bank and the Bank for International Settlements has launched the TechSprint initiative under South Africa’s G20 Presidency and the BIS Innovation Hub. The initiative, which is in its sixth year, focuses on finding technological solutions that are scalable, while enhancing trust and…

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Govt and business urged to collaborate to fight illicit trade

100 rands 3 minutes Experts have suggested partnerships between government and business should be used to combat illicit trade in South Africa. The Transnational Alliance to Combat Illicit Trade 2.0 Report reveals that the South African economy loses nearly R30 billion annually from illicit trade in tobacco and alcohol alone. Government officials have also noted…

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Govt will continue correcting workplace imbalances: Ramaphosa

President Cyril Ramaphosa receives his Botswana counterpart at his official residence in Pretoria on April 28, 2025. 2 minutes President Cyril Ramaphosa has given the assurance that the government will continue to correct the imbalances of the past in the workplace. This follows the Democratic Alliance’s (DA) High Court challenge against the Employment Equity Amendment…

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