A shop left in darkness 2 minutes A clothing shop owner in Vilakazi Street in Soweto says the implementation of Stage 6 loadshedding is already affecting her business negatively. This after Eskom announced the implementation of loadshedding due to multiple unit trips at the Camden Power Station. Agnes Kitavi says the unexpected implementation of Stage…
A pit head is seen at the Tumela platinum mine, an Anglo-American open pit mine located in Thabazimbi, Limpopo Province, South Africa June 9, 2016. 1 minute Anglo American Platinum said it had halted operations at its Tumela mine in South Africa on Thursday after excessive rains caused flooding, though the company maintained its production…
A Ithala Bank stand at an event. 1 minute The Inkatha Freedom Party (IFP) will today be protesting against the possible liquidation of Ithala Bank in KwaZulu-Natal. The protest is set to take place at the Durban City Hall. The IFP along with other political parties have condemned the Prudential Authority’s plan to liquidate the…
Sun City Resort in North West. 2 minutes Over a hundred Australian and New Zealand trade and media representatives crisscrossed the country for SA Tourism’s Mega Lekker Escape. The flagship event exposed the tourists to immersive itineraries across South Africa, culminating in a two-day visit to The Palace of the Lost City at the world-renowned…
A petrol station is seen in Soweto. 1 minute South African petrochemical firm, Sasol, opened a new tab on Monday and skipped paying a dividend after reporting a 31% decline in half-year profit on a fall in oil prices and lower sales volumes. Sasol’s headline earnings per share for the six months to December 2024…
G20 Foreign Ministers’ Meeting at Nasrec Expo Centre in Johannesburg on February 20, 2025. 1 minute The Finance Track four-day meetings of the G20 will start in Cape Town today. The meetings will take place after the unprecedented postponement of the tabling of the budget to March 12. The postponement has raised concerns over the…
Spaza shop 1 minute The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa says of the more than 80 000 applicants to register spaza shops, just over 2 500 foreign nationals were approved to run spaza shops. This is contained in a written Parliamentary reply. These figures are from when applications were received…
B20South Africa 2 minutes The Global Business Forum for G20, the B20, has emphasised the importance of dealing with the priorities of the global south, especially in light of the current geopolitical tensions. From tomorrow, the G20 Finance Ministers are set to discuss issues related to financial inclusion, coordinating global economic policy and infrastructure financing,…
Financial Action Task Force flag. 1 minute South Africa is making progress towards exiting the Financial Action Task Force (FATF) greylist. According to the FATF, the country has addressed 20 of the 22 action items relating to combating money laundering and terrorist financing. This leaves two items outstanding to be addressed in the next reporting…
[File Image]: Minister Enoch Godongwana delivers 2022 Budget Speech from the Good Hope Centre in Cape Town. 2 minutes Finance Minister Enoch Godongwana has refuted claims that the Budget Speech that was set to be tabled on Wednesday was going to be anti-poor. He says the cabinet will meet on Monday to deliberate on the…
