2 minutes The Airports Company South Africa has emphasized the urgent need to address the issue of security of fuel supply in the country. ACSA has been engaged in talks with various stakeholders since announcing this week that it has just over seven days left of jet fuel reserves. It comes after a fire at…
Office of the Department of Trade, Industry and Competition. 2 minutes The Democratic Alliance (DA) has criticized Department of Trade, Industry and Competition (DTIC) Minister Parks Tau’s proposal to establish a R100 billion Transformation Fund aimed at supporting black-owned businesses. The DA has described the move as a unilateral and irresponsible policy decision that undermines…
File image: Shoppers in a grocery shop in South Africa. 1 minute Independent economist Elize Kruger says inflation is expected to tick up slightly following a fuel price hike and a rise in other household expenses recorded in December 2024. Her comments come as Statistics South Africa prepares to release the December inflation numbers this…
2 minutes President Cyril Ramaphosa has ironed out South Africa’s priorities and objectives of the G20 Presidency, saying the G20 is an institution that shapes the architecture of the World. Addressing the 55th World Economic Forum (WEF) annual meeting in Davos, Switzerland, on Tuesday, Ramaphosa explains that hosting the G20 is a significant moment for…
A miner sits on a wall as a giant excavator drives past at a mine. 1 minute The mining sector in South Africa is showing signs of strain, with production declining by 0.9% year-on-year in November. This comes after a 1.1% year-on-year increase recorded in the previous month. The largest negative contributors were gold, iron…
[File Image]: President Cyril Ramaphosa addresses the Business Interaction Group on South Africa at the World Economic Forum in Davos, Switzerland. 1 minute President Cyril Ramaphosa is leading the South African delegation to the World Economic Forum (WEF) in Davos, Switzerland. According to the Presidency statement, Ramaphosa will deliver a special address at WEF where…
Ithala Bank outreach at a shopping centre on May 24, 2024. 2 minutes Some Ithala Bank clients in Durban have voiced their concern and anger over the current dilemma that the bank finds itself in. Last week, the Reserve Bank’s Prudential Authority filed papers in the Pietermaritzburg High Court for the provisional liquidation of the…
Minister Enoch Godongwana 2 minutes Finance Minister Enoch Godongwana says a guarantee of R2 billion has been made available to ensure that whatever happens with Ithala Bank, the savings of depositors are protected. Speaking to SABC News on the sidelines of the World Economic Forum in Davos, Switzerland, Godongwana says a plan has been devised…
4 minutes Investors welcomed Donald Trump’s second inauguration, anticipating a pro-business agenda, while remaining wary of his protectionist trade policies, particularly his stance on tariffs. During Trump’s speech, stock futures traded higher, with contracts on the Standard & Poor’s 500 index, the Nasdaq 100 index and the Dow Jones Industrial Average trading up between 0.4% and…
1 minute The Companies and Intellectual Property Commission (CIPC) has announced that it will embark on a mass deregistration of companies that have not met their obligations. The obligations include the timely submission of annual returns and ownership declarations. The CIPC says deregistration will address the high number of inactive businesses and mitigate the risks…
