Banknotes of Chinese yuan and US dollar are seen in this illustration picture 3 minutes The US dollar fell on Tuesday while the euro rallied as stocks rebounded in Asia and Europe on hopes that U.S. President Donald Trump will enter negotiations over his sweeping tariffs that have roiled markets for three days. Rises in both…
1 minute Parliament’s Portfolio Committee on Trade, Industry and Competition says the South African Bureau of Standards (SABS) is on the verge of collapse. Among the problems it highlighted was the agency’s inability to carry out basic functions such as product testing. The Committee visited the agency’s headquarters in Pretoria on Monday. Committee member Toby…
3 minutes The safe havens yen and Swiss franc held near six-month highs on Tuesday while the US dollar nursed broad losses as financial markets grappled with mounting recession worries in the wake of President Donald Trump’s sweeping tariffs. The currency markets were fragile but eerily calm in Asian trade after a volatile 24-hour period…
South African rands. 1 minute The rand has continued to weaken further against major currencies amid an ongoing selloff in the financial markets triggered by the US tariffs. The currency fell sharply against the US dollar to R19.41. The local unit briefly plummeted to a record low of R25 against the British Pound earlier in…
Tax-related material on a desk. 2 minutes African National Congress (ANC) President Cyril Ramaphosa says the Value-Added Tax (VAT) increase decision is not final, as the National Treasury has about 30 days to find possible alternative options to raise the money it needs. The party’s president was speaking during a media briefing at Chiawelo in…
President Cyril Ramaphosa. 2 minutes African National Congress (ANC) President Cyril Ramaphosa has hit out at the business fraternity for what he says was trying to dictate political terms in the fallout between the ANC and the Democratic Alliance (DA). Ramaphosa says the ANC will not be influenced by business and emphasised that the party…
SARB 3 minutes The Reserve Bank has been celebrating the first anniversary of the Corporation for Deposit Insurance (CODI). Established in April last year, CODI seeks to ensure that part, if not all bank depositors’ funds are protected in the event of a bank failure. Funded by the banking sector, currently, CODI has a coverage…
File image: Houses for rent. 1 minute The Free State Development Corporation (FDC) is cracking down on rent and business loan defaulters. FDC’s Acting CEO, Kgotso Tau says they are taking tough action to ensure that what is owed to the corporation is paid. Tau says the FDC has over 3300 rental clients and 1200…
[FIE IMAGE]: Striking Nehawu workers at the SABS headquarters earlier this year. 1 minute Parliament’s Portfolio Committee on Trade, Industry and Competition is visiting the South African Bureau of Standards (SABS) headquarters in Pretoria, as part of their oversight work. Minister Parks Tau has launched an investigation into corruption and maladministration at the State-owned Enterprise….
One of Eskom’s Open Cycle Gas Turbines 2 minutes Eskom says the national grid is strained by high demand and inclement weather set to continue until Wednesday. The latest data from Eskom shows the power utility ramped up its use of open cycle gas turbines since Wednesday last week. “Loadshedding remains suspended, however, the power…
