Rand plunges further as Trump raises trade tariffs

[File image] 1 minute The Rand has continued to extend its losses against the US dollar after President Donald Trump announced new and higher tariffs against its trading partners. On Thursday morning, the local currency plummeted to R18.83 to the dollar, just shy away from the R19 mark. This is on the back of risk…

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Parliament passes 2025 Budget

A look outside Parliament. 1 minute The National Assembly has adopted the 2025 Fiscal Framework and Revenue Proposal as tabled by Finance Minister, Enoch Godongwana, by a slight majority. The adopted framework includes recommendations that Treasury must be given 30 days to come up with alternatives to tax hikes, while scrapping the VAT hike and…

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Prasa strike over wage dispute looms

[File photo] A worker counts money 3 minutes Labour unions representing the majority of Passenger Rail Agency of South Africa (Prasa) workers are threatening strike action over a wage dispute. This after the South African Transport and Allied Workers Union (Satawu) and The United National Transport Union (Untu) declared a dispute of mutual interest with…

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Political parties divided on Fiscal Framework report adoption

NA Speaker Thoko Didiza 2 minutes Several political parties have requested National Assembly Speaker Thoko Didiza to withdraw the Fiscal Framework and Revenue Proposals report of the Standing Committee on Finance. The report was adopted by the majority of members in the committee last night. It was adopted with recommendations by ActionSA, that Treasury must…

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Godongwana questions GNU member’s decision to vote against budget

Finance Minister Enoch Godongwana addresses the National Assembly Plenary Sitting for consideration of the 2025 Fiscal Framework and Revenue Proposals at Parliament, Cape Town on April 2, 2025. 1 minute Finance Minister Enoch Godongwana has questioned the decision of some Government of National Unity (GNU) members to vote against the 2025 budget, whose implementation they…

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Ramokgopa unveils plans in private sector transmission projects

4 minutes Electricity and Energy Minister Dr Kgosientsho Ramokgopa has announced plans to implement multi-billion Rand transmission infrastructure projects through the private sector. This will involve the procurement of approximately 1 164 km of 400 kV lines in the Northern Cape, North West and Gauteng. The process will be led by the National Transmission Company…

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Compliance concerns grow as Spaza shop registrations continue

A metro police officer stands outside a spaza shop during an operation, 2 minutes As spaza shop registrations continue, compliance concerns have been at the epicentre. This follows numerous foodborne illness cases nationwide, including a tragic incident in Gauteng last year where 23 children died after consuming snacks bought from spaza shops. During the last…

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