A woman uses a trolley as she shops at a Pick n Pay store at the Dobson Point Shopping Centre, in Soweto, South Africa, March 19, 2024. 2 minutes Data released by Statistics South Africa shows that the annual consumer inflation rate increased from 3% in December last year, to 3.2% in January 2025. The…
President Cyril Ramaphosa engages with members of the media following the Group of 20(G20) Foreign Ministers Meeting held at Nasrec Expo Centre in Johannesburg. 2 minutes President Cyril Ramaphosa says debt sustainability for developing economies is one of the priorities that South Africa will focus on during the Finance Track Meetings of the G20, currently…
1 minute The Business 20 (B20) says it wants to establish a pattern of implementable recommendations that extend beyond 2027. The Business 20 serves as the official G20 dialogue forum with the global business community. B20 Sherpa Cas Coovadia says this initiative is being developed in collaboration with counterparts in the United States, which will…
[FILE PHOTO] Finance Minister Enoch Godongwana 4 minutes Finance Minister Enoch Godongwana presented an alternative budget to his colleagues at a Special Cabinet meeting today, reportedly rejected as unworkable. This is despite the fact that it does not include the contentious two percentage point increase in VAT, which led to the postponement of the presentation…
The price cap, a G7 idea, aims to reduce Russia’s income from selling oil, while preventing a spike in global oil prices after an EU embargo on Russian crude takes effect on December 5. 2 minutes Analysts say the impact on oil prices may be due to sanctions imposed on Russia. This comes as oil…
3 minutes Labour unions at the Post Office say they are very unhappy with the government and the business rescue practitioners. Speaking at an oversight meeting of the parliamentary committee on communications and digital technologies, the Communications Workers Union (CWU) says it warned several government administrations that if there was no intervention at the Post…
SA Parliament building, Cape Town. 1 minute The National Education Health and Allied Workers Union (Nehawu) has refuted claims by Democratic Alliance (DA) MP, Mark Burke, that Parliament cleaners earn a monthly salary of R30 000. Burke made the remarks during a parliamentary briefing yesterday. Nehawu’s Parliamentary Chairperson Sthembiso Tembe says the current salary for cleaners…
Reserve Bank Governor Lesetja Kganyago 1 minute Reserve Bank Governor Lesetja Kganyago says prudent macroeconomic policies are needed to effectively manage South Africa’s debt. This comes as the issue of debt, and how it affects countries on the African continent, features prominently at this week’s meeting of G20 finance ministers and central bank governors in…
1 minute President Cyril Ramaphosa opens the first meeting of the G20 Finance Ministers and Central Bank Governor’s under the South Africa’s Presidency at the Cape Town International Convention Centre. Live stream below:
[File image] 2 minutes Electricity and Energy Minister Dr Kgosientsho Ramokgopa says Eskom technical teams are hard at work to return lost units to the grid. He says he is optimistic that the latest round of load shedding will soon be a thing of the past. The country is currently experiencing Stage 2 of load shedding attributed to…
