A Transnet Freight Rail train is seen next to tons of coal mined from the nearby Khanye Colliery mine, at the Bronkhorstspruit station, in Bronkhorstspruit, around 90 kilometres north-east of Johannesburg, South Africa, April 26, 2022. 2 minutes Coal will remain powerful and a part of the energy mix of the country. This is the…
Gauteng Finance MEC Lebogang Maile addresses the business breakfast at the JSE. 1 minute Gauteng Finance MEC Lebogang Maile says the expansion of roads has been identified as one of the key projects to stimulate economic growth in the province. Maile addressed a business breakfast at the Johannesburg Stock Exchange (JSE) together with the JSE’s…
Container ships are seen outside Transnet’s harbour. 2 minutes Transnet National Ports Authority (TNPA) has signed two major Terminal Operator Agreements – that will lead to the development of South Africa’s first Liquefied Natural Gas (LNG) import terminal and a liquid bulk terminal at the Port of Richards Bay’s South Dunes precinct. The TNPA initiative…
Containers due to be shipped. 1 minute The South African Chamber of Commerce and Industry (SACCI) Business Confidence Index edged down to 120 in January from December’s 121. The decline in the index was mainly attributed to lower export volumes. SACCI says stronger imports, vehicle sales and rising tourist numbers had a positive influence. The…
The United States head office of TikTok is shown in Culver City in California. 3 minutes TikTok returned to the United States app stores of Apple and Google on Thursday as President Donald Trump delayed a ban on the Chinese-owned social media app and assured the tech giants they would not be fined for distributing or maintaining…
A man presses a button to approve an electronic transaction. 1 minute Data tracking electronic transactions in South Africa has showed a slight rebound in economic activity in 2024 following negative growth in 2023. The BankservAfrica Economic Transactions Index increased on average by 1.7% in 2024, compared to the contraction of 0.5% the previous year….
[File photo] Shoppers look for items as they shop at an outlet of retailer 1 minute The General Industries Workers Union of South Africa (Giwusa) has expressed outrage over the government’s handling of the cost of living crisis in South Africa. The latest Household Affordability Index report reveals that citizens spend more than 57% of…
Ford cars are on sale at a dealership of Genser company in Moscow, Russia, February 14, 2017. 2 minutes Ford Motor CEO Jim Farley says US President Donald Trump’s proposed and implemented tariffs have added “a lot of costs and a lot of chaos,” although Farley says he believes the president aims to strengthen the…
Public sector unions concluded consulting their members about government’s offer to increase salaries by 1.5%. 4 minutes Public sector unions under the Federation of Unions of South Africa (FEDUSA) have accepted government’s 5.5% increase for their members. The Public Service Coordinating Bargaining Council (PSCBC) gave the parties 21 days last month, to canvass their members…
An employee works at a steel processing production line of a factory. 2 minutes The local steel industry has condemned the United States’ decision to hike import tax on all steel and aluminium entering that country. The Steel and Engineering Industries Federation (Seifsa) says this will hurt the steel and aluminium sector in South Africa….
