Chickens at a farm 1 minute Astral Foods said on Monday it expects its half-year profit to decline by as much as 60%, with a recent cybersecurity incident compounding the impact of lower chicken prices and higher input costs. South Africa’s top poultry producer said its flagship division was negatively affected by downtime in processing…
US bank note. 2 minutes The dollar drifted just below a three-week high versus major peers on Monday as traders cautiously awaited clarity on US President Donald Trump’s next round of tariffs. The euro rose slightly following three straight sessions of declines, while the yen edged lower against the greenback, pressured by a rise in US…
1 minute Inkatha Freedom Party (IFP) leader Velenkosini Hlabisa has clarified the party’s acceptance of the half percentage point VAT increase proposed in Finance Minister Enoch Godongwana’s budget speech. Parliament is yet to vote on the budget. Speaking to SABC political editor Mzwandile Mbeje at the party’s 50th birthday celebrations in Ulundi, Hlabisa says although the…
3 minutes Transport Minister Barbara Creecy says the country’s rail and port infrastructure faces substantial challenges such as theft and vandalism and operational inefficiencies. She says these are exacerbated by the limited state resources to fund infrastructure development and address backlogs. Creecy says after the department and Transnet received unsolicited proposals from the private sector…
South African bank notes are displayed at an office in Johannesburg. 1 minute Finance Deputy Minister David Masondo says there is a serious need for the country to attract foreign direct investment in order to address economic growth. Masondo was one of the panelists at the Africa Markets Conference in Stellenbosch in the Western Cape….
Chinese Premier Li Qiang poses for a family photo with attendees of the China Development Forum at Diaoyutai Guesthouse in Beijing, China March 23, 2025. China Daily via REUTERS 1 minute Beijing hosted a business forum on Sunday attended by international executives and politicians as China seeks to attract foreign investment at a time of…
SABC building in Auckland Park, Johannesburg. 3 minutes Communications and Digital Technologies Minister Solly Malatsi has defended his decision to withdraw the SABC Funding Bill, saying all required processes of parliament were followed. The bill suggests a delayed funding model, giving the minister time to develop a sustainable framework. The Bill was withdrawn in November…
Mpumalanga Tourism 2 minutes The Mpumalanga Department of Economic Development and Tourism has called on employees of the Mpumalanga Tourism and Parks Agency who are on strike not to disrupt operations at tourist sites. The workers have embarked on an unprotected strike, demanding permanent appointments for all the temporary workers. The contracts of the temporary…
Camden Eskom power station. 2 minutes Eskom implemented Stage 2 loadshedding on Wednesday evening after announcing that the power utility had lost five generating units. The latest data from Eskom shows that the power utility struggled to keep up with electricity demand during the peak hours of Tuesday evening, having only 285.5 megawatts of capacity…
A man looks at an item before buying at a spaza shop in Thembisa, on the East Rand, in South Africa. 1 minute The National African Federated Chamber of Commerce and Industry (NAFCOC)’s President Glibert Mosena says government’s registration drive is not the solution for rapid increase of spaza shops in the country. The deadline…
