A Microsoft logo is seen outside one of their offices. 1 minute President Cyril Ramaphosa has welcomed software giant Microsoft plan to invest R5,4 billion in South Africa. The world’s biggest software maker made the announcement on Thursday, at the Microsoft South Africa head office in Johannesburg. President Ramaphosa delivered the keynote address during the…
Commuters board a taxi in the early hours of the morning. 1 minute The Organisation Undoing Tax Abuse (Outa) has called for the taxation of the taxi industry as well as the informal sector. This as the budget speech approaches and members in the GNU are still unable to agree on where to find the…
Limpopo Economic Development department 2 minutes The Limpopo Department of Economic Development says it has taken note of complaints from some owners of food outlets, including spaza shops. The owners say they missed last Friday’s deadline to register their businesses because municipal officials and traditional leaders have been charging high levies for recommendation letters. The…
File image: Johannesburg Stock Exchange (JSE) in Sandton, Johannesburg 2 minutes Stocks on the Johannesburg Stock Exchange (JSE) opened in the red following a weaker session in Asia, with investors taking cover as new United States (US) tariffs on Canada, Mexico and China took effect, threatening to escalate global trade tensions. The All Share index…
1 minute The KwaZulu-Natal government has requested a R2.4 billion loan from national treasury as a security guarantee to secure Ithala SOC Limited’s deposit book until the entity acquires a banking license. In a statement the KZN Treasury says Ithala’s 257 000 depositors haven’t been able to withdraw or deposit funds after an instruction by…
A petrol station attendant fills up a car. 1 minute The Department of Mineral and Petroleum Resources (DMPR) has confirmed a slight reduction in fuel prices for March. Both grades of petrol will drop by 7 cents a litre, while diesel prices are set for a decrease of 17.5 and 23.5 cents a litre, depending…
Deputy Director General of Economic Statistics Joe de Beer and a colleague goes through the GDP data at a briefing. 2 minutes The South African economy grew by 0.6% in the fourth quarter of last year from a 0.1% contraction in the third quarter of 2024. Data released by Statistics South Africa shows that the…
File image: The City of Tshwane’s A Re Yeng bus in the Pretoria CBD. 2 minutes The National Union of Metalworkers of South Africa (Numsa) to march to the City of Tshwane Offices in Pretoria today to hand over a memorandum to Mayor Nasiphi Moya demanding payment of 261 former bus drivers’ retrenchment packages. The…
National Energy Regulator of South Africa offices in Arcadia, Pretoria. 2 minutes Parliament’s Portfolio Committee on Electricity and Energy has criticised the National Energy Regulator of South Africa (Nersa) for approving Eskom’s application for an increase in electricity tariffs. Last year, Nersa approved the power utility’s 12,7% tariff increase application starting from the first of…
Minister Enoch Godongwana delivering the 2024 budget speech. 2 minutes The office of the Auditor General (AGSA) says it is considering the request from the uMkhonto weSizwe Party (MKP) to investigate the financial implications of the budget speech postponement last month. This is after MKP wrote to the Auditor General requesting an investigation, claiming that…
