Eskom logo 1 minute Minister of Electricity and Energy Dr. Kgosientsho Ramokgopa says Eskom will reduce its scheduled maintenance during winter to meet higher electricity demand. In a written reply to Parliament, Ramokgopa explained that planned maintenance is typically scaled back in winter to ensure maximum capacity, particularly during peak morning and evening hours. He…
PRASA railway. 2 minutes The Commission for Conciliation, Mediation and Arbitration (CCMA) has given the Passenger Rail Agency (Prasa) 60 days to present a wage offer to the workers. Currently, the employer has refused to present any salary offer due to financial challenges. This prompted labour unions Satawu and UNTU to take the employer to…
Petrol nozzle 2 minutes Analysts have warned that the current rand weakness could cancel out potential fuel price cuts in May. According to unaudited mid-month fuel price data from the Central Energy Fund, both grades of petrol could decrease by between 9 and 13.5 cents. This while diesel prices are set for a larger reduction…
REUTERS 2 minutes According to the latest data released by Eskom from April 2024 to March 2025, Eskom only managed to reach 60.6 percent of its 70 percent energy availability factor (EAF) target. The EAF is a measure of the power utility’s performance of its power stations. In November last year, Eskom said in a…
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 3, 2025. 3 minutes China and Hong Kong shares rose on Thursday, as investors downplayed the latest US tariff increase on Chinese imports and pinned their hopes on talks between…
People work in a chicken processing plant. 1 minute University of Johannesburg’s Director of the Centre for Africa-China Studies David Monyae says the newly imposed tariffs on South Africa by the United States points to the death of the African Growth and Opportunity Act (AGOA). US President Donald Trump last week imposed a 31% duty…
Kenyan workers prepare clothes for export. 1 minute Investment analyst Roy Mutooni says Africa should start searching for new trade markets in the continent as the US imposes tariffs on countries around the world. Many countries including China have imposed tough reciprocal tariffs. Mutooni says the biggest advantage for investment is now in Africa itself…
Rand notes in a wallet. 1 minute BankservAfrica’s Economic Transactions Index (BETI) has recorded an increase in economic transactions in March. This comes despite tough economic conditions including an intensifying global trade war. The BETI measures the value of all electronic transactions cleared through BankservAfrica on a monthly basis at seasonally adjusted real prices. It…
An investor walks past an electronic board displaying live market data 1 minute Markets have been in turmoil as US President Donald Trump’s global tariffs officially came into effect today. Analysts note that emerging markets typically struggle during times of uncertainty and this is particularly the case for South Africa, which relies on the US…
A spaza shop in the Johannesburg CBD. 1 minute Community members including spaza shop owners have gathered in large numbers at Eyethu Shopping Centre in Soweto ahead of the official launch of the Spaza Shop Support Fund. Many say they are there to gain more information on how they can benefit from the half-a-billion rand…
